Fact sheet: Bacit Limited

Fund information
Fund name
Bacit Limited
Fund manager company
Bacit
Fund type
Investment Trust
Fund manager
No data available.
Accolades
Fund objective
BACIT Limited ("BACIT") targets attractive medium to long term returns by investing in leading long only and alternative investment funds with proven managers and across multiple asset classes. The composition of the investment portfolio will vary over time in terms of asset classes, strategies, managers and funds; BACIT intends to be invested in at least 15 distinct investment funds or managed account strategies over time.
Benchmark
  • Composite
Investment style
None
Investment method
Mixed
Quick stats
1 Year return
5.3%
1 Year rank in sector
13/14
Sector
IT Flexible Investment
Yield
1.7%
Fund size
£510m
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
Mid price
132
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.
129.4
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.
+1.62
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.
100
Top in this sector
Fund name1 Year
UIL47%
JZ Cap Partners37.4%
New Star IT PLC35.6%
Miton Gbl Opps PLC33.2%
Est Inv Trust23.1%
...more in IT Flexible Investment

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.8%4.8%4.2%5.3%21.7%-
Sector0.7%3.4%11.2%13.5%20.5%29.4%
Rank within sector1 / 157 / 1513 / 1413 / 147 / 13-
Quartile1st2nd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.3%14.1%0.9%12.5%-
Sector13.2%3.3%3.9%5.7%1%
Rank within sector13 / 142 / 1310 / 134 / 13-
Quartile4th1st4th2nd
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.
3.3
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.
0.59
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.
0.37
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%.
7.81
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.
7.53
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.
0.12
Price movement
52 week high133.5
52 week low124.5
Current bid price130.75
Current offer price131.75
Current mid price132
Region
1Europe40%
2International21%
3Asia Pacific16%
4Global Emerging Markets10%
5UK6%
6USA6%
7Money Market1%
Industry sector
No data available.
Asset type
1Hedge100%
Individual holdings
1POLYGON EUROPEAN EQUITY OPPORTUNITY FUND6.5%
2POLAR CAPITAL JAPAN ALPHA C GBP6.1%
3MAJEDIE UK EQUITY A5.9%
4TOWER MASTER FUND5.1%
5MAGA SMALLER COMPANIES UCITS FUND PLC5%
6PARITY VALUE4.9%
7SINFONIETTA FUND4.9%
8POLYGON MINING FUND4.5%
9SW MITCHELL EUROPEAN A EUR4.5%
Management
Fund manager group
Bacit
Fund manager company
Bacit
Fund type
Investment Trust
Fund objective
BACIT Limited ("BACIT") targets attractive medium to long term returns by investing in leading long only and alternative investment funds with proven managers and across multiple asset classes. The composition of the investment portfolio will vary over time in terms of asset classes, strategies, managers and funds; BACIT intends to be invested in at least 15 distinct investment funds or managed account strategies over time.
Benchmark
  • Composite
Investment style
None
Investment method
Mixed
Fund manager
No data available.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
Guernsey, Offshore
Bacit Limited
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 price129.4
CurrencyGBX
Price updated31/10/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNMZV
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.