Fact sheet: Acorn Income Ltd

Fund information
Fund name
Acorn Income Ltd Ord
Fund manager company
Premier Fund Managers
Fund type
Investment Trust
Fund managers
  • Fraser Mackersiesince 31/12/2013
  • Simon Moonsince 31/12/2013
  • Paul Smithsince 17/01/2007
Fund objective
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
-3.8%
1 Year rank in sector
7/8
Sector
IT UK Equity & Bond Income
Yield
4.3%
Fund size
£86m
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.
129
Mid price
357
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.
395.08
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.
-9.64
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.
146
Top in this sector
Fund name1 Year
Jupiter Div & Gth11.1%
CQS NewCityHighYldFdLtdOrd NPV10.3%
Investors Cap Tst10.1%
M&G Hi Inc IT8.2%
City MerchantsHiYdTstLtd7.6%
...more in IT UK Equity & Bond Income

Performance snapshot

Holdings snapshot

  • International95.1%
    Money Market4.9%
  • Support Services14.8%
    Transport12.8%
    Financial Services11.8%
    Building & Construction11.6%
    Retailers - General9.4%
  • International Equities76.8%
    Global Fixed Interest14.3%
    Money Market4.9%
    Convertibles2.1%
    Others1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.8%2.7%-2.4%-3.8%12.5%175.1%
Sector1%0.9%5.1%5.2%16%93.8%
Rank within sector1 / 82 / 88 / 87 / 87 / 81 / 8
Quartile1st1st4th4th4th1st
Calendar performance
 YTD - 20162015201420132012
Fund-6.8%36%-12.9%63.9%60.6%
Sector4.3%11.1%-1.5%35.3%25.6%
Rank within sector8 / 81 / 87 / 81 / 81 / 8
Quartile4th1st4th1st1st
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.
-2.68
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.
1.52
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
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%.
18.57
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.
14.89
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.
-0.11
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.
0.38
Price movement
52 week high403.5
52 week low322.5
Current bid price354
Current offer price360
Current mid price357
Region
1International95.1%
2Money Market4.9%
Industry sector
1Support Services14.8%
2Transport12.8%
3Financial Services11.8%
4Building & Construction11.6%
5Retailers - General9.4%
6Industrials6.5%
7Others5.7%
8Property Shares4.9%
9Travel4.7%
Asset type
1International Equities76.8%
2Global Fixed Interest14.3%
3Money Market4.9%
4Convertibles2.1%
5Others1.9%
Individual holdings
No data available.
Management
Fund manager group
Premier Asset Management
Fund manager company
Premier Fund Managers
Fund type
Investment Trust
Fund objective
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
Fraser Mackersie31/12/2013Fraser joined Unicorn Asset Management in 2008 and has been an active member of Investment Committee at Unicorn since joining the firm. He has been manager of the Unicorn UK Growth fund since February 2011 and co-manager of the Unicorn UK Income Fund & Acorn Investment fund since 2013. Prior to joining Unicorn Fraser held positions at F&C Asset Management and Geoghegan & Co Chartered Accountants. Fraser is 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.
Paul Smith17/01/2007Paul Smith joined Premier in 2006 and his responsibilities include the management of a number of open and closed ended funds. Paul's management of lower risk mandates has over the last decade been recognised at the Money Observer Investment Trust Awards, Investment Week Fund Manager of the Year Awards, and membership of the Investment Adviser 100 Club. Paul has a First Class BA (Hons) degree in Economics, and an MA in Finance and Investment (with Distinction) from Exeter University.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Acorn Income Ltd 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 updated17/10/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeG4D3
Acorn Income Ltd 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 price386.97
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLKM
Acorn Income Ltd 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 price136.6
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJIY
Data provided by

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