Fact sheet: Chelverton Growth Trust plc

Fund information
Fund name
Chelverton Growth Trust plc
Fund manager company
Chelverton Asset Mgmt Ltd
Fund type
Investment Trust
Fund managers
  • David Taylorsince 09/01/2006
  • David Hornersince 01/01/1998
Fund objective
The Company’s objective is to provide capital growth through investment in companies listed on the Official List and traded on the Alternative Investment Market with a market capitalisation at the time of investment of up to £50 million, which are believed to be at a “point of change”.
Benchmark
  • FTSE All Share TR
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
61.6%
1 Year rank in sector
2/18
Sector
IT UK Smaller Companies
Yield
-
Fund size
£5m
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.
379
Mid price
80
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.
75.98
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.
+5.29
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
Rights & Issues IT70.3%
Chelverton Growth Trust plc61.6%
AberforthGeardIncTstPlc33.9%
Invesco Perp UK Sm Cos plc30.2%
River & Merc UK Micro Cap29.7%
...more in IT UK Smaller Companies

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund33.3%28%2.6%61.6%81.8%213.7%
Sector5.9%14.7%16.6%24.9%29.2%117.9%
Rank within sector1 / 181 / 1816 / 182 / 182 / 162 / 16
Quartile1st1st4th1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund33.3%23.7%7.8%4.7%33.3%
Sector8.7%4%25.3%-5.1%44.7%
Rank within sector1 / 172 / 1816 / 173 / 1613 / 16
Quartile1st1st4th1st4th
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.
10.44
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.
1.39
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.
0.17
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%.
43.91
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.
40.99
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.
0.06
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.
0.14
Price movement
52 week high135
52 week low48.5
Current bid price75
Current offer price85
Current mid price80
Region
1UK100%
Industry sector
1Support Services52.3%
2Energy18.7%
3Hardware17.9%
4Software5.1%
5Retailers - General3.4%
6Industrials1.1%
7Biotechnology/Medical1%
8Healthcare & Medical Products0.5%
Asset type
1UK Equities100%
Individual holdings
1TRANSFLEX VEHICLE RENTAL20.2%
2PLUTUS POWERGEN PLC18.66%
3TOUCHSTAR PLC14.7%
4CEPS PLC13.06%
5PETARDS GROUP9.49%
6LOMBARD RISK MANAGEMENT5.1%
7PEDALLING FORTH LIMITED3.36%
8MTI WIRELESS EDGE3.21%
9CHELVERTON ASSET MANAGEMENT HOLDINGS3.15%
Management
Fund manager group
Chelverton Asset Mgmt
Fund manager company
Chelverton Asset Mgmt Ltd
Fund type
Investment Trust
Fund objective
The Company’s objective is to provide capital growth through investment in companies listed on the Official List and traded on the Alternative Investment Market with a market capitalisation at the time of investment of up to £50 million, which are believed to be at a “point of change”.
Benchmark
  • FTSE All Share TR
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
David Taylor09/01/2006David Taylor began his career as an analyst in the research department at Wedd Durlacher and moved into fund management in 1987 with the Merchant Navy Officers Pension Fund. He joined Gartmore Investment Limited in 1991, during this time, he ran a combination of institutional funds and investment trusts, namely the Clydesdale Investment Trust and London & Strathclyde Trust. In 1995, he moved to LGT to manage small cap retail funds and latterly spent nearly seven years as head of UK smaller companies at HSBC Asset Management. He joined Chelverton Asset Management in January 2006 and has comanaged the Chelverton UK Equity Income Fund since launch.
David Horner01/01/1998David Horner qualified as a chartered accountant in 1984 with Touche Ross & Co before joining 3i Corporate Finance Limited in 1986 where he was a manager giving corporate finance advice. In May 1993 he joined Strand Partners Limited, and was appointed a director in January 1994, where he carried out a range of corporate finance assignments identifying, structuring and managing investments in quoted and unquoted companies. In June 1997 he left to set up Chelverton Asset Management Limited and, in May 1999, he launched the Small Companies Dividend Trust, which he still comanages. He has also co-managed the Chelverton UK Equity Income Fund since launch.
Compliance
UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Chelverton Growth 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 price75.98
CurrencyGBX
Price updated31/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLNO
Data provided by

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