Fact sheet: Aberforth UK Small Companies

Fund information
Fund name
Aberforth UK Small Companies
Fund manager company
Aberforth Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund managers
  • Mark Williamsonsince 01/11/2014
  • Alistair Whytesince 20/03/1991
  • Peter Shawsince 31/03/2016
  • Chris Wattsince 31/03/2016
  • Keith Muirsince 03/03/2011
  • Euan Macdonaldsince 13/05/2001
  • Richard Newberysince 20/03/1991
Fund objective
The Fund’s objective is to achieve a total return greater than on the NSCI (XIC) over the long term by investing in a diversified portfolio of small UK quoted companies.
Benchmark
  • Numis Smaller Companies (ex ITs)
Investment style
None
Investment method
Shares
Quick stats
1 Year return
1.3%
1 Year rank in sector
39/47
Sector
UT UK Smaller Companies
Yield
-
Fund size
£198m (£177m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
71
Bid price
20834
Offer price
21195
Top in this sector
Fund name1 Year
Cavendish AIM23.3%
The MI Discretionary Unit20.1%
Jupiter UK Smaller Companies18.8%
TB Amati UK Sm Cos15.5%
Marlborough UK Micro Cap Gwth12.1%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6%-0.5%4.2%1.3%17.7%115%
Sector3.6%0.8%5.2%5.3%21.5%94.6%
Rank within sector3 / 4834 / 4832 / 4839 / 4735 / 4620 / 44
Quartile1st3rd3rd4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.8%10.3%-0.2%49.4%28.7%
Sector4.4%14.2%-1.9%37.4%22.5%
Rank within sector36 / 4739 / 4720 / 467 / 4511 / 44
Quartile4th4th2nd1st1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.97
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.03
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.1
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
11.55
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.64
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.41
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.84
Price movement
52 week high20946
52 week low17337
Current bid price20834
Current offer price21195
Current mid price-
Region
1UK100%
Industry sector
1Industrials36%
2Consumer Services21%
3Financials21%
4Technology7%
5Oil & Gas5%
6Basic Materials4%
7Consumer Goods4%
8Health Care2%
Asset type
1UK Equities100%
Individual holdings
1VESUVIUS PLC2.98%
2FIRSTGROUP2.84%
3PARAGON GROUP OF COMPANIES2.65%
4NOSTRUM OIL & GAS PLC2.57%
5BREWIN DOLPHIN HLDGS2.48%
6INTERNATIONAL PERSONAL FINANCE PLC2.43%
7NORTHGATE PLC2.29%
8GRAINGER PLC2.08%
9WINCANTON2.03%
Management
Fund manager group
Aberforth
Fund manager company
Aberforth Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund objective
The Fund’s objective is to achieve a total return greater than on the NSCI (XIC) over the long term by investing in a diversified portfolio of small UK quoted companies.
Benchmark
  • Numis Smaller Companies (ex ITs)
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Mark Williamson01/11/2014Mark joined Aberforth in October 2014 and is responsible for investment research and stock selection in the following areas– Banks and Financial Services. He joined from Peel Hunt, where he spent five years as an analyst on the Financials sector. Prior to that he gained experience with several broking houses, having commenced his career in 1992 with Albert E Sharp as a buyside analyst.
Alistair Whyte20/03/1991Alistair was a founding partner in May 1990 and is responsible for investment research and stock selection in the following areas -Aerospace & Defence; Diversified Industrials; Media & Entertainment; Mining; Oil & Gas; Pharmaceuticals & Biotechnology; and Steel & Other Metals. Previously he was with Ivory & Sime for 11 years where latterly he managed portfolios in Asia. Prior to that he managed portfolios with the objective of capital growth from smaller companies in the UK and internationally.
Peter Shaw31/03/2016Peter is an Investment Manager in the UK Equities team. He joined us in 2000 from Scott Oswald (now RSM Tenon) where he was a chartered accountant. Peter studied Business Studies and Accountancy at the University of Edinburgh and is a member of the Chartered Institute for Securities & Investment.
Chris Watt31/03/2016Chris joined Jupiter in 1999 and has worked in Fund Management since 2000. He has worked principally on the UK Equity desk. In August 2006 he extended these responsibilities to include Socially Responsible Investment, he is also Deputy Fund Manager of the Jupiter UK Alpha Fund. Chris has an MSc in Investment & Finance from Aberdeen University. Chris has managed the Jupiter Responsible Income Fund since January 2007.
Keith Muir03/03/2011Keith joined Aberforth Partners in March 2011 and is responsible for investment research and stock selection in the following areas – Automobiles & Parts; Chemicals; Construction & Materials; Electricity; Fixed Line Telecommunications; Gas, Water & Multiutilities; Household Goods & Home Construction; Industrial Metals & Mining; Leisure Goods; Mining; and Mobile Telecommunications. Previously he was an Investment Director with Standard Life Investments for 13 years and spent the last 9 years as a senior member of the Smaller Companies team with associated portfolio management responsibilities. Prior to that he gained experience with Southpac, Scottish Equitable and Murray Johnstone.
Euan Macdonald13/05/2001Euan joined in May 2001, became a Partner in May 2004, and is responsible for investment research and stock selection in the following areas –Beverages; Engineering & Machinery; Personal Care & Household Products; and Software & Computer Services. Previously he was with Baillie Gifford for 10 years where he managed portfolios invested in small companies both in Continental Europe and in the UK.
Richard Newbery20/03/1991Richard was a founding partner in May 1990 and is responsible for investment research and stock selection in the following areas–Electronic & Electrical Equipment; Food & Drug Retailers; Food Producers & Processors; and General Retailers. Previously he was with Ivory & Sime for 9 years where he managed international portfolios for a range of clients including those with a small company specialisation.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Aberforth UK Small Companies
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.86%
Bid price20834
Offer price21195
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA109
Aberforth UK Small Companies Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.86%
Bid price16531
Offer price16817
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXW0
Data provided by

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