Fact sheet: CityNaturRes HghYld Tst

Fund information
Fund name
City Natural Resources High Yield Trust
Fund manager company
New City Investment Managers
Fund type
Investment Trust
Fund managers
  • Rob Crayfourdsince 01/02/2012
  • Will Smithsince 01/11/2009
  • Ian Francissince 01/11/2009
Fund objective
To provide shareholders with capital growth and income from a portfolio of mining and resource equities, resources and industrial fixed interest securities.
Benchmark
No data available.
Investment style
No data available.
Investment method
Shares, Mixed
Quick stats
1 Year return
50.1%
1 Year rank in sector
4/10
Sector
IT Commodities & Nat Resources
Yield
4.6%
Fund size
£82m
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.
165
Mid price
122.125
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.
141.76
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.
-13.85
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.
136
Top in this sector
Fund name1 Year
Gldn Prospect Precs Mt91.9%
BlackRock World Mining IT81.1%
Riverstone Energy Ltd Ord NPV62.5%
CityNaturRes HghYld Tst50.1%
Baker Steel Res Tst50%
...more in IT Commodities & Nat Resources

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%4.6%40.3%50.1%2%-42.3%
Sector-4.5%1.2%28.3%49.5%-26.9%-57.3%
Rank within sector3 / 105 / 104 / 104 / 102 / 94 / 8
Quartile2nd2nd2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund57.2%-14.6%-12.1%-39.8%-13%
Sector54.4%-39%-21.5%-32.7%-8.4%
Rank within sector6 / 102 / 104 / 96 / 85 / 8
Quartile3rd1st2nd3rd3rd
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.
8.19
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.
0.83
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.
-0.01
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%.
25.91
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.
20.52
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.
0.41
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.
0.42
Price movement
52 week high124.13
52 week low66.5
Current bid price120.25
Current offer price124
Current mid price122.13
Region
1International100%
Industry sector
1Other Metals28.9%
2Gold22%
3Oil & Gas8.4%
4Others7.8%
5Financials6.9%
6Fishery, Agriculture & Forestry5%
7Soft Commodities4.2%
8Precious Metals & Stones3.8%
9Equities3.2%
Asset type
1Commodity & Energy100%
Individual holdings
1FIRST QUANTUM MINERALS7.2%
2TREVALI MINING CORP6.2%
3REA FINANCE4.2%
4INDEPENDENCE GROUP NL3.5%
5PLANT IMPACT PLC3.5%
6GREENCOAT UK WIND PLC ORD 1P3%
7MMC NORILSK NICKEL PJSC2.9%
8KLONDEX MINES2.8%
9MANDALAY RESOURCES CORP2.8%
Management
Fund manager group
New City Investment Managers
Fund manager company
New City Investment Managers
Fund type
Investment Trust
Fund objective
To provide shareholders with capital growth and income from a portfolio of mining and resource equities, resources and industrial fixed interest securities.
Benchmark
No data available.
Investment style
No data available.
Investment method
Shares, Mixed
Fund managers
NameSinceBiography
Rob Crayfourd01/02/2012Rob is analyst and assistant portfolio manager to the New City managed resources funds. Prior to joining CQS in 2011, Rob was an analyst at the Universities Superannuation Scheme and HSBC Global Asset Management where he focussed on the resource sector. Rob is a CFA charterholder and holds a BSc in Geological Sciences from the University of Leeds.
Will Smith01/11/2009Will is Senior Fund Manager for City Natural Resources High Yield Trust. He is also adviser to New City High Yield Trust, Geiger Counter Limited, New City Energy Limited and Golden Prospect Precious Metals. Prior to joining CQS in 2008, he was responsible for running Landsbanki Securities Proprietary Trading with a focus on Global Resources. He has over thirty years investment experience with Panmure Gordon, UBS and Morgan Grenfell Securities.
Ian Francis01/11/2009Franco is Senior Fund Manager for New City High Yield Fund Limited. He also supports the portfolio management team for City Natural Resource High Yield Trust Plc. New City High Yield Fund in 2010 was winner of the Investment Week’s UK Income Investment Trust of the Year. Joined CQS in 2007 as part of CQS’ acquisition of New City and has more than twenty five years experience in trading and portfolio management. Prior to joining New City in 2007, Ian worked in a variety of roles in convertible bond trading and sales at firms including Collins Stewart Limited, where he was Head of Trading and Convertibles; West LB Panmure as Head of Convertibles, James Capel & Co. and Hoare Govett & Co. Began his career in fund management at Baring Bros. and Phillips & Drew.
Compliance
AIC Member, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
City Natural Resources High Yield Trust
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 price141.26
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJDV
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.