Fact sheet: Acorn Income Ld

Fund information
Fund name
Acorn Income Ld Ord
Fund manager company
Premier Fund Managers
Fund type
Investment Trust
Fund managers
  • Paul Smithsince 17/01/2007
  • Fraser Mackersiesince 31/12/2013
  • Simon Moonsince 31/12/2013
Fund objective
The Company’s objective is to provide a high level of income with the opportunity for income growth and capital growth over the life of the Company.
Benchmark
  • Numis Smaller Companies Index
Investment style
Aggressive
Investment method
Mixed
Quick stats
1 Year return
23%
1 Year rank in sector
3/7
Sector
IT UK Equity & Bond Income
Yield
3.8%
Fund size
£95m
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.
131
Mid price
430.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
479.24
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-10.17
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
139
Top in this sector
Fund name1 Year
Jupiter Div & Gth26.4%
Aberdeen Sm Cos Inc25.6%
Acorn Income Ld23%
F&C UKHghIncTrtPlc22.4%
Henderson Hi Inc Tst20.5%
...more in IT UK Equity & Bond Income

Performance snapshot

Holdings snapshot

  • International97%
    Money Market3%
  • Support Services13.9%
    Financial Services13.3%
    Building & Construction12.2%
    Others10.8%
    Transport9.6%
  • International Equities79.5%
    Global Fixed Interest12.5%
    Money Market4%
    Others2.6%
    Convertibles1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6%8.8%24.9%23%34.4%217%
Sector3.9%6.3%15.2%21.8%29.2%111%
Rank within sector1 / 72 / 72 / 73 / 73 / 71 / 7
Quartile1st2nd2nd2nd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund21.3%-6.3%36%-12.9%63.9%
Sector12.3%7.3%11.1%-1.5%35.3%
Rank within sector1 / 77 / 71 / 76 / 71 / 7
Quartile1st4th1st4th1st
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.
-1.63
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.
1.54
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.
0.28
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%.
19.11
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.
15.02
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.
0.07
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.
0.41
Price movement
52 week high439
52 week low322.5
Current bid price426
Current offer price435
Current mid price430.5
Region
1International97%
2Money Market3%
Industry sector
1Support Services13.9%
2Financial Services13.3%
3Building & Construction12.2%
4Others10.8%
5Transport9.6%
6Retailers - General9.4%
7Industrials7%
8Property Shares4.4%
9Telecommunications3.6%
Asset type
1International Equities79.5%
2Global Fixed Interest12.5%
3Money Market4%
4Others2.6%
5Convertibles1.4%
Individual holdings
1CLIPPER LOGISTICS PLC3.6%
2SOMERO ENTERPRISE INC3.6%
3CONVIVIALITY PLC3.4%
4SAFESTYLE UK PLC3%
5ACAL ORD GBP0.052.9%
6MACFARLANE GROUP PLC2.9%
7FDM GROUP PLC2.7%
8SECURE TRUST BANK PLC2.7%
9MIDWICH GROUP PLC2.4%
Management
Fund manager group
Premier Asset Management
Fund manager company
Premier Fund Managers
Fund type
Investment Trust
Fund objective
The Company’s objective is to provide a high level of income with the opportunity for income growth and capital growth over the life of the Company.
Benchmark
  • Numis Smaller Companies Index
Investment style
Aggressive
Investment method
Mixed
Fund managers
NameSinceBiography
Paul Smith17/01/2007Paul Smith is Head of Fixed Income for Premier Asset Management. He joined Premier in 2005 and is fund manager of the Premier Defensive Growth Fund, the Premier Corporate Bond Monthly Income Fund, the Premier Strategic High Income Bond, and the Premier UK Money Market Fund. Paul has a First Class BA (Hons) degree in Economics, and an MA in Finance and Investment (with Distinction) from Exeter University.
Fraser Mackersie31/12/2013Fraser is co-manager of Unicorn UK Income Fund and Acorn Income Fund and lead manager of Unicorn UK Growth Fund. Fraser joined Unicorn in 2008 having previously held positions with F&C Asset Management and Geoghegan & Co Chartered Accountants. He graduated from the University of St Andrews in 2003 with a degree in Economics and Management and is also a Fellow of the Association of Chartered Certified Accountants.
Simon Moon31/12/2013Simon Joined Unicorn in 2008 from JM Finn stockbrokers where he worked as a research analyst. Before moving to the City, Simon spent three years on the NHS graduate finance scheme. He is Co-Manager of the Unicorn UK Smaller Companies Fund and was appointed Co-Manager of the Unicorn UK Income and Acorn Income Fund in December 2013.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Acorn Income Ld NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price340.71
CurrencyGBX
Price updated18/10/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeG4D3
Acorn Income Ld Ord
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price481.76
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLKM
Acorn Income Ld RED ZDP 1P
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price143.5
Offer price146
Mid price144.75
CurrencyGBX
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0NFP
Acorn Income Ld ZDP 1P
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.55
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJIY
Data provided by

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