Fact sheet: British Empire Trust plc

Fund information
Fund name
British Empire Trust plc Ord
Fund manager company
Asset Value Investors
Fund type
Investment Trust
Fund managers
  • Joe Bauernfreundsince 01/10/2015
Fund objective
To achieve capital growth via a focused portfolio of investments, in particular companies whose share prices stand at a discount to estimated underlying net asset value.
Benchmark
  • MSCI ACWI ex-US Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
47%
1 Year rank in sector
3/24
Sector
IT Global
Yield
1.8%
Fund size
£808m
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.
87
Mid price
668
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.
747.19
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.
-11.69
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.
106
Top in this sector
Fund name1 Year
Monks IT PLC51.3%
JPM Gbl Grw&Inc plc50.7%
British Empire Trust plc47%
Lindsell Train IT plc42.6%
Sct Mtg IT PLC41.4%
...more in IT Global

Performance snapshot

Holdings snapshot

  • Europe33%
    North America23%
    Asia20%
    Japan9%
    International7%
  • Conglomerates44%
    Mutual Funds44%
    Property12%
  • European Equities33%
    North American Equities23%
    Asia Pacific Equities20%
    International Equities11%
    Japanese Equities9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%4.5%14.4%47%45.2%72.8%
Sector-0.3%5.9%11.7%33.6%45.5%82%
Rank within sector20 / 2417 / 2410 / 243 / 2415 / 2422 / 24
Quartile4th3rd2nd1st3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund3.6%41.9%-8.6%8.3%5.1%
Sector5.4%21.1%6.8%7.4%21%
Rank within sector18 / 242 / 2423 / 2413 / 2424 / 24
Quartile3rd1st4th3rd4th
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.
-0.05
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.
1.09
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.
0.84
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%.
12.03
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.
7.6
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.
0.09
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.
0.59
Price movement
52 week high686.5
52 week low459
Current bid price667
Current offer price668
Current mid price668
Region
1Europe33%
2North America23%
3Asia20%
4Japan9%
5International7%
6Others4%
7UK4%
Industry sector
1Conglomerates44%
2Mutual Funds44%
3Property12%
Asset type
1European Equities33%
2North American Equities23%
3Asia Pacific Equities20%
4International Equities11%
5Japanese Equities9%
6UK Equities4%
Individual holdings
1JARDINE STRATEGIC HLDGS6.1%
2WENDEL SA5.9%
3AP ALTERNATIVE ASSETS L.P5.6%
4JPEL PRIVATE EQUITY5.6%
5NB PRIVATE EQUITY PARTNERS LTD5.5%
6RIVERSTONE ENERGY LTD5.5%
7SYMPHONY INTERNATIONAL HLDGS LTD5.5%
8INVESTOR AB5.3%
9TOYOTA INDUSTRIES CORP4.9%
Management
Fund manager group
Asset Value Investors
Fund manager company
Asset Value Investors
Fund type
Investment Trust
Fund objective
To achieve capital growth via a focused portfolio of investments, in particular companies whose share prices stand at a discount to estimated underlying net asset value.
Benchmark
  • MSCI ACWI ex-US Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Joe Bauernfreund01/10/2015Joe Bauernfreund joined AVI in 2002 and as of October 2015 is the named portfolio manager of the British Empire Trust plc and Chief Investment Officer.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
British Empire Trust plc 2013
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price325
Offer price340
Mid price332.5
CurrencyGBX
Price updated17/04/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIO10
British Empire Trust plc 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 price403.27
CurrencyGBX
Price updated24/11/2005
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIO35
British Empire Trust plc 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 price753.29
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJIT
Data provided by

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