Fact sheet: Capital Gearing Trust plc

Fund information
Fund name
Capital Gearing Trust plc
Fund manager company
Capital Gearing Asset Mgmt
Fund type
Investment Trust
Fund managers
  • Peter Spillersince 01/01/1982
  • Alastair Laingsince 03/01/2011
Accolades
Fund objective
To achieve absolute returns through active asset allocation across equities, bonds and commodities. Equity investments are made in quoted closed ended trusts and other collective investment vehicles.
Benchmark
  • FTSE Inv Companies Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
14.3%
1 Year rank in sector
12/15
Sector
IT Flexible Investment
Yield
0.5%
Fund size
£173m
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.
58
Mid price
3887.5
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.
3832
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.
+1.45
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
UIL56.3%
Miton Gbl Opps PLC49.7%
JZ Cap Partners48.2%
New Star IT PLC36.8%
Tetragon Fin Ord USD0.00136.5%
...more in IT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK95%
    Money Market5%
  • No data available.
  • Global Index Linked35%
    Others33%
    Preference Shares21%
    Global Government Fixed Interest5%
    Money Market5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1%4.6%14.3%21.8%34.5%
Sector1.8%4%10.6%21.6%31.2%45.1%
Rank within sector12 / 1613 / 1612 / 1612 / 1511 / 149 / 13
Quartile3rd4th3rd4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.1%15.4%1.2%3.3%-9%
Sector7.9%14.5%3.3%3.9%5.7%
Rank within sector13 / 168 / 158 / 147 / 1413 / 14
Quartile4th3rd3rd2nd4th
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.
-1.55
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.
0.96
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.
0.43
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%.
7.88
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.
6.54
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.
-0.32
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.
0.31
Price movement
52 week high3890.5
52 week low3324
Current bid price3880
Current offer price3895
Current mid price3887.5
Region
1UK95%
2Money Market5%
Industry sector
No data available.
Asset type
1Global Index Linked35%
2Others33%
3Preference Shares21%
4Global Government Fixed Interest5%
5Money Market5%
6Commodity & Energy1%
Individual holdings
1TREASURY 0.125% IDX-LKD GILT 22/11/19 GBP0.014.9%
2UNITED STATES OF AMER TREAS BONDS 2% BDS 15/01/26 USD10004.8%
3TREASURY 1.25% IDX-LKD GILT 22/11/17 GBP0.014%
4NORTH ATLANTIC SMALLER COMPANIES IT3.3%
5UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10002.8%
6US I/L 0.375% 15/07/211.9%
7ISHARES MSCI JAPAN (H)1.5%
8CIVITAS SOCIAL HOUSING PLC1.4%
9BETTER CAPITAL 20091.3%
Management
Fund manager group
Capital Gearing Asset Mgmt
Fund manager company
Capital Gearing Asset Mgmt
Fund type
Investment Trust
Fund objective
To achieve absolute returns through active asset allocation across equities, bonds and commodities. Equity investments are made in quoted closed ended trusts and other collective investment vehicles.
Benchmark
  • FTSE Inv Companies Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Peter Spiller01/01/1982Peter founded CGAM in 2001 and has managed the fund since inception. Prior to founding CGAM Peter was a partner and strategy director for Cazenove Capital Management and a US equity investor at Capel Cure & Myers. Peter was educated at Wellington College and Christ Church, Oxford.
Alastair Laing03/01/2011Alastair has managed the fund since joining CGAM in 2011. Alastair joined CGAM from HgCapital LLP (a pan- European private equity fund) and previously worked with the mergers and acquisitions team at Deloi e LLP. Alastair was educated at Edinburgh University and was an MBA scholar at the London Business School. He is a member of the Chartered Institute of Accountants of Scotland.
Compliance
AIC Member, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Capital Gearing Trust plc
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 price3832
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJFO
Data provided by

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