• Search Funds
  • Model Portfolios
  • Provider
  • Sector
  • Manager

Search by provider name

Search by sector name

Search by manager name

Search by Risk Level

The Mercantile Investment Trust Plc

  • Fund Info & charges
  • Performance
  • Fund breakdown
  • Dividend History
Fund Provider J.P. Morgan Asset Management
Fund Summary The Trust aims to achieve capital growth through investing in a diversified portfolio of UK medium and smaller companies. It pays quarterly dividends and aims to grow its dividend at least in line with inflation. The Company can hold up to 10% cash or utilise gearing of up to 20% of net assets where appropriate.
SEDOL code BF4JDH5
ISIN GB00BF4JDH58
Fund code MRCIT
Managers Martin Hudson
Manager Tenure 25 years
Morningstar Category UK Mid-Cap Equity
Fund Size £1,057 million
Fund Type ETF / IT
Management Style Active
Total Expense Ratio (TER) 0.48%
Cavendish ongoing charge 0.05%
FundsNetwork Service Fee 0.20%
Minimum Initial Investment £25
Minimum Top Up £25
Minimum Monthly Investment £25
Sell Price £2.0285
Buy Price £2.0365
Price Change -0.3194%
Price Date 21st June 2019
Yield Currently unavailable
Dividend Frequency Quarterly
ISA Eligible Yes
SIPP Eligible Yes
Inception Date 1st January 1970
Fund Status OPEN
Martin Hudson, managing director, is a portfolio manager within the J.P. Morgan Asset Management European Equity Group, responsible for The Mercantile Investment Trust and specialising in smaller and mid-sized UK equities. An employee since 1982, he was previously an investment manager in the UK Portfolios Group, managing both the UK equity portfolio of the Fleming Fledgeling Investment Trust (now the JPMorgan US Smaller Companies Investment Trust) and segregated pension fund portfolios. Before this he was manager of the UK investment research department and previously was a building and property analyst. Prior to joining the firm, he worked on manufacturing and acquisitions for Blue Circle Industries. Martin obtained an M.A. in Natural Sciences from the University of Cambridge.

3-year Mean Monthly Return: Currently unavailable

Annual Returns 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund Performance +0.44% +12.79% +11.13% +8.58% +5.22% +21.53% +28.09% +2.67% +14.84% +65.92%
Benchmark Performance
(UK Mid-Cap Equity)
+1.06% +3.31% +18.22% +1.43% +7.64%
Time Period Cumulative Benchmark Performance
(UK Mid-Cap Equity)
Fund Compared to Benchmark
1 day -1.45% -0.25% -1.20%
1 week -1.04% +0.49% -1.52%
1 month -3.88% -0.10% -3.78%
3 months 1.00% +4.38% -3.38%
6 months 17.77% +12.89% +4.88%
1 year -5.03% -6.94% +1.91%
3 years 30.82% +27.15% +3.67%
5 years 55.90% +43.00% +12.90%
10 years 275.87% +258.39% +17.48%
YTD 16.76% +14.91% +1.85%
Since inception Currently unavailable Currently unavailable Currently unavailable

Top 10 shares for this fund

Share Name Country Value
JPM GBP Liquidity LVNAV X (dist.) LUX 7.73%
Intermediate Capital Group PLC GBR 3.53%
Bellway PLC GBR 3.50%
AVEVA Group PLC GBR 2.85%
Spirax-Sarco Engineering PLC GBR 2.74%
Grafton Group PLC GBR 2.69%
SSP Group PLC GBR 2.49%
Electrocomponents PLC GBR 2.30%
Softcat PLC GBR 2.24%
Marshalls PLC GBR 2.22%
Dividend Date Per share amount Reinvestment Price
20th June 2019 0.0135 £204.0000
4th April 2019 0.0255 £203.3000
20th December 2018 0.0125 £173.3600
27th September 2018 0.0125 £212.5000
21st June 2018 0.0125 £218.6000
12th April 2018 0.0215 £207.0000