Fact sheet: Chv Small Cos Div Tst plc

Fund information
Fund name
Chelverton Small Companies Dividend Trust plc Ordinary Shares
Fund manager company
Chelverton Asset Mgmt Ltd
Fund type
Investment Trust
Fund managers
  • David Taylorsince 28/02/2006
  • David Hornersince 11/05/1999
Fund objective
To provide Ordinary shareholders with a high income and opportunity for capital growth.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
None
Investment method
Shares
Quick stats
1 Year return
8.8%
1 Year rank in sector
2/24
Sector
IT UK Equity Income
Yield
3.9%
Fund size
£33m
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.
115
Mid price
199.75
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.
216.75
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.
-7.84
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.
129
Top in this sector
Fund name1 Year
Tmpl Br IT PLC13.1%
Chv Small Cos Div Tst plc8.8%
Murray Inc Tst PLC8.8%
F&C Cap & Inc IT PLC7.8%
Shires Income plc7.4%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.6%5%6.6%8.8%34.4%190.1%
Sector0.3%0.8%6.6%2.3%12.6%71.7%
Rank within sector2 / 243 / 2411 / 242 / 241 / 241 / 24
Quartile1st1st2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund5%29.4%-4.2%79.1%19.7%
Sector3.2%3.8%3%29.8%20%
Rank within sector9 / 241 / 2422 / 241 / 2411 / 24
Quartile2nd1st4th1st2nd
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.
8.22
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.
0.77
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.
0.52
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%.
14.07
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.
12.87
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.
0.5
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.
0.18
Price movement
52 week high203.5
52 week low177
Current bid price197.5
Current offer price202
Current mid price199.75
Region
1UK100%
Industry sector
1Financials17.23%
2Building & Construction13.41%
3Support Services10.89%
4Media7.9%
5Real Estate6.21%
6Retailers - General5.77%
7Insurance5.52%
8Industrials5.03%
9Technology4.46%
Asset type
1UK Equities100%
Individual holdings
1AVESCO GROUP PLC PAR GBP3.53%
2BELVOIR LETTINGS PLC ORD 1P3.43%
3CONNECT GROUP PLC2.56%
4CORAL PRODUCTS2.55%
5GAMES WORKSHO ORD GBP0.052.42%
6MCCOLL`S RETAIL GROUP PLC2.22%
7ALUMASC GROUP2.19%
8GLI FINANCE LIMITED ORD2.19%
9MOSS BROS GROUP ORD GBP2.08%
Management
Fund manager group
Chelverton Asset Mgmt
Fund manager company
Chelverton Asset Mgmt Ltd
Fund type
Investment Trust
Fund objective
To provide Ordinary shareholders with a high income and opportunity for capital growth.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
David Taylor28/02/2006David 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 Horner11/05/1999David 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
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Chelverton Small Companies Dividend Trust plc Ordinary Shares
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 price216.75
CurrencyGBX
Price updated25/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLJV
Chelverton Small Companies Dividend Trust plc Zero Dividend Preference Shares
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 price127.56
CurrencyGBX
Price updated31/10/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJFY
Data provided by

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