Fact sheet: Charishare Restricted

Fund information
Fund name
Charishare Restricted Gr Acc
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund managers
  • James Macphersonsince 20/12/2013
  • Simon Youngsince 20/12/2013
Fund objective
Charishare Restricted is one of six Common Investment Funds managed by BlackRock that have been specifically designed to meet the investment needs of charities. The Fund offers charities access to a professionally managed, diversified equity portfolio which invests predominantly in quality UK companies, with a restriction on investment in tobacco and defence related securities. Charishare Restricted is a charity in its own right, approved by the Charity Commission and with an independent Advisory Committee. It is exempt from stamp duty and capital gains tax. The Fund aims to achieve long-term capital growth by investing mainly in UK listed companies, but excluding investment in tobacco and defence related securities.
Benchmark
  • FTSE All Share ex Tobacco,ex Inv Trusts,ex Aerospace & Defence
Investment style
None
Investment method
Shares
Quick stats
1 Year return
11%
1 Year rank in sector
70/123
Sector
UT Specialist
Yield
2.7%
Fund size
£60m (£69m 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.
95
Bid price
322.5
Offer price
326.8
Top in this sector
Fund name1 Year
MFM Junior Gold125.6%
WAY Charteris Gd Prcsml112.2%
CF Ruffer Gold79%
Smith & Williamson GblGld&Res78.9%
Old Mutual JPM Nat Res77.6%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • UK98.3%
    Money Market1.7%
  • Consumer Services22.5%
    Financials20.5%
    Oil & Gas10.4%
    Health Care8.7%
    Consumer Goods8.5%
  • UK Equities99.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.7%2.1%10.6%11%24.8%59.3%
Sector-0.7%-0.4%9.8%18.8%17%27%
Rank within sector21 / 12434 / 12555 / 12570 / 12337 / 11424 / 91
Quartile1st2nd2nd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund10.6%5.2%3.4%19.1%12.3%
Sector19.6%-4.5%1.2%4.5%7.5%
Rank within sector71 / 12415 / 11962 / 11521 / 10536 / 91
Quartile3rd1st3rd1st2nd
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.
-1.38
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.
1.5
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.
0.32
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%.
10.37
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.
6.21
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.
0.18
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.
0.72
Price movement
52 week high328.8
52 week low251.4
Current bid price322.5
Current offer price326.8
Current mid price-
Region
1UK98.34%
2Money Market1.66%
Industry sector
1Consumer Services22.51%
2Financials20.5%
3Oil & Gas10.39%
4Health Care8.68%
5Consumer Goods8.48%
6Industrials8.04%
7Mutual Funds7.99%
8Telecommunications6.34%
9Basic Materials5.41%
Asset type
1UK Equities99.5%
2Money Market0.5%
Individual holdings
1BLACKROCK GROWTH & RECOVERY A ACC7.99%
2ROYAL DUTCH SHELL6.88%
3RIO TINTO4.85%
4UNILEVER4.26%
5PRUDENTIAL PLC3.98%
6BT GROUP3.83%
7LLOYDS BANKING GROUP PLC3.83%
8RELX PLC3.78%
9CRH3.71%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund objective
Charishare Restricted is one of six Common Investment Funds managed by BlackRock that have been specifically designed to meet the investment needs of charities. The Fund offers charities access to a professionally managed, diversified equity portfolio which invests predominantly in quality UK companies, with a restriction on investment in tobacco and defence related securities. Charishare Restricted is a charity in its own right, approved by the Charity Commission and with an independent Advisory Committee. It is exempt from stamp duty and capital gains tax. The Fund aims to achieve long-term capital growth by investing mainly in UK listed companies, but excluding investment in tobacco and defence related securities.
Benchmark
  • FTSE All Share ex Tobacco,ex Inv Trusts,ex Aerospace & Defence
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
James Macpherson20/12/2013James Macpherson, Managing Director and portfolio manager, is co-head of UK Equities within the Fundamental Equity division of BlackRock's Alpha Strategies Group, and a member of BlackRock's Leadership Committee. James is responsible for managing BGF UK Fund, and a number of institutional portfolios, including BlackRock UK Equity Fund. In addition to responsibility for UK Equity research, with a sector emphasis on Aerospace and Defence Industry securities. Mr Macpherson's service with the firm dates back to 1985 when he joined SG Warburg & Co as a graduate trainee, and including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Macpherson was appointed a Managing Director in 1997 and Co-Head of UK Equities in 2000. Mr Macpherson was educated at Trinity College, Oxford where he was an Exhibitioner and gained a BA (Honours) in Politics, Philosophy and Economics in 1985.
Simon Young20/12/2013Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces the appointment of Simon Young as UK Equities Fund Manager. He is based in London and reports to Trevor Green, Head of UK Equities. In this new role, Simon will work on Aviva Investors’ institutional UK Equity Fund and assist on the £992 million retail UK Equity Income Fund. Simon joins from BlackRock, where he was UK Equities Fund Manager, managing over £1 billion in core UK equity and income mandates for a range of institutional, charity and fiduciary clients. He began his investment career at BlackRock in 1997 and as part of his fund management duties had analyst responsibilities across a broad spectrum of sectors.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Charishare Restricted Gr Acc
Initial charge1%
Annual charge0.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price322.5
Offer price326.8
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCA93
Charishare Restricted Gr Inc
Initial charge1%
Annual charge0.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price175.4
Offer price177.7
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCA94
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.