Fact sheet: Charinco Common Invest

Fund information
Fund name
Charinco Common Invest Gr Acc
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund managers
  • Simon Blundellsince 01/01/2015
Fund objective
Charinco is one of six Common Investment Funds managed by BlackRock that have been specifically designed to meet the investment needs of charities. The Fund has the power to invest in many different kinds of fixed interest securities including short, medium and long dated gilt-edged stocks, certificates of deposit, certain Eurosterling issues, debenture and convertible loan stocks and convertible preference shares. Charinco is a charity in its own right, approved by the Charity Commission and with an independent Advisory Committee. It is exempt from income tax and capital gains tax. The Fund aims to provide charities with a high level of income from a portfolio of fixed interest securities.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.2%
1 Year rank in sector
30/77
Sector
UT Sterling Strategic Bond
Yield
4.1%
Fund size
£195m (£193m last year)
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.
34
Bid price
4657
Offer price
4720
Top in this sector
Fund name1 Year
Fidelity I Stg Cr + Bd11.8%
Natixis LS Stgc Inc11.7%
Fidelity UK Inv Grd Lg Cr11.1%
Fidelity Pre-Retirmnt Bd9.9%
Legg Mason IFBrwiGlInOp9.7%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK75.1%
    USA5.7%
    France4.9%
    Netherlands2.8%
    Germany2.8%
  • Government Bonds47.8%
    Financials18.7%
    Industrials11.7%
    Government Agency Bonds9.4%
    Utilities5.4%
  • UK Fixed Interest76.3%
    US Fixed Interest5.7%
    French Fixed Interest4.9%
    Dutch Fixed Interest2.8%
    German Fixed Interest2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-4.4%1.8%6.2%21%27.9%
Sector-1%-3%2.4%5.3%13.1%31.8%
Rank within sector48 / 8360 / 8261 / 8230 / 777 / 7146 / 60
Quartile3rd3rd3rd2nd1st4th
Calendar performance
 YTD - 20162015201420132012
Fund6.8%1.1%12.6%-3.1%6.7%
Sector6%-0.3%6.8%2.6%12.6%
Rank within sector30 / 7719 / 747 / 7259 / 6453 / 61
Quartile2nd2nd1st4th4th
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.
4.6
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.
0.32
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.
0.47
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%.
5.98
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.
6.94
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.
0.1
Price movement
52 week high4889
52 week low4358
Current bid price4657
Current offer price4720
Current mid price-
Region
1UK75.06%
2USA5.71%
3France4.93%
4Netherlands2.82%
5Germany2.77%
6Switzerland2.47%
7International1.3%
8Italy1.3%
9Jersey1.27%
Industry sector
1Government Bonds47.8%
2Financials18.71%
3Industrials11.74%
4Government Agency Bonds9.35%
5Utilities5.44%
6Asset/Mortgage-Backed Securities4.17%
7Fixed Interest1.3%
8Money Market1.2%
9Mortgage & Secured Bonds0.29%
Asset type
1UK Fixed Interest76.33%
2US Fixed Interest5.71%
3French Fixed Interest4.93%
4Dutch Fixed Interest2.82%
5German Fixed Interest2.77%
6Swiss Fixed Interest2.47%
7Global Fixed Interest1.3%
8Italian Fixed Interest1.3%
9Money Market1.2%
Individual holdings
1TREASURY 8% GILT 202112.78%
2TREASURY 5% GILT 07/03/18 GBP3.79%
3LCR FINANCE 4.5% GTD BDS 7/12/2028 GBP1000 `144A`2.58%
4TREASURY 2.5% GILT 22/07/65 GBP0.12.39%
5TREASURY 4.75% GILT 07/12/38 GBP2.12%
6TREASURY 3.75% GILT 22/07/52 GBP0.012.08%
7TREASURY 4.5% GILT 7/9/2034 GBP0.012.08%
8UK CONV GILT REGS 4.25 12/07/20461.83%
9TREASURY 4% GILT 07/03/22 GBP0.011.77%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund objective
Charinco is one of six Common Investment Funds managed by BlackRock that have been specifically designed to meet the investment needs of charities. The Fund has the power to invest in many different kinds of fixed interest securities including short, medium and long dated gilt-edged stocks, certificates of deposit, certain Eurosterling issues, debenture and convertible loan stocks and convertible preference shares. Charinco is a charity in its own right, approved by the Charity Commission and with an independent Advisory Committee. It is exempt from income tax and capital gains tax. The Fund aims to provide charities with a high level of income from a portfolio of fixed interest securities.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Simon Blundell01/01/2015Simon Blundell, Director, is a member of the Sterling Bond Portfolio Team within BlackRock Fundamental Fixed Income.Prior to joining BlackRock in 2011, Mr. Blundell was Head of Institutional Credit Portfolio Management at Aviva Investors where he oversaw £9 billion in assets across Euro, Sterling, and Global credit and aggregate products. Prior to joining Aviva in 2009, Mr. Blundell spent 10 years at ABN AMRO Asset Management (later acquired by Fortis Investments where he stayed on for a year), most recently as head of credit. He previously held positions at HSBC Asset Management and Morgan Grenfell Asset Management. He began his investment career in 1994.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Charinco Common Invest Gr Acc
Initial charge1%
Annual charge0.4%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price4657
Offer price4720
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCC01
Charinco Common Invest Gr Inc
Initial charge1%
Annual charge0.4%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price195.1
Offer price197.7
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCC02
Data provided by

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