Fact sheet: Dunedin Enterprise IT plc

Fund information
Fund name
Dunedin Enterprise IT plc
Fund manager company
Dunedin LLP
Fund type
Investment Trust
Fund managers
  • Shaun Middletonsince 31/03/2011
Fund objective
To target a rate of return on equity in excess of 8% per annum over the long-term. The Group aims to achieve its investment objective by investing in a portfolio of unquoted companies either directly, via private equity funds or via quoted private equity companies. Investments are structured to deliver capital growth for the Group.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-4.6%
1 Year rank in sector
20/23
Sector
IT Private Equity
Yield
5.3%
Fund size
£63m
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.
138
Mid price
304
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.
473
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.
-35.52
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.
105
Top in this sector
Fund name1 Year
Better Capital 200966.6%
3i Group Plc52.9%
SVG Capital plc45.6%
Northern Investors Company PLC44.6%
Std Lf Euro PvtEq Tst43.1%
...more in IT Private Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5%-5.4%-8.3%-4.6%-21.6%15.1%
Sector0.6%9.6%18%17.9%32.9%84.1%
Rank within sector22 / 2321 / 2321 / 2320 / 2319 / 2218 / 20
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.6%-7.5%-15.8%7.4%39.2%
Sector18.8%3%8%17.8%18.8%
Rank within sector19 / 2319 / 2220 / 2219 / 223 / 20
Quartile4th4th4th4th1st
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.
-14.69
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.
1.15
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.
-0.02
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%.
20.44
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.
18.55
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.
-0.8
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.
0.17
Price movement
52 week high355
52 week low289.25
Current bid price303
Current offer price310
Current mid price304
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1HAWKSFORD13.2%
2REALZA12%
3KEE SAFETY11.5%
4WELDEX9.8%
5INNOVA SA8.4%
6CITYSPRINT7.8%
7ALPHA CORP7.1%
8BLACKROCK INC7.1%
9U-POL6.7%
Management
Fund manager group
Dunedin Capital Partners
Fund manager company
Dunedin LLP
Fund type
Investment Trust
Fund objective
To target a rate of return on equity in excess of 8% per annum over the long-term. The Group aims to achieve its investment objective by investing in a portfolio of unquoted companies either directly, via private equity funds or via quoted private equity companies. Investments are structured to deliver capital growth for the Group.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Shaun Middleton31/03/2011Shaun Middleton joined Dunedin in 1994. He is responsible for sourcing investment opportunities in the North of England and has a particular focus on Financial Services. He was involved in the buyouts of CitySprint, Hawksford International, Enrich, ABI, Goals Soccer Centres, Davenham, Zenith, Practice Plan and etc. venues and sits on the Board of Hawksford International.He graduated with a BCom Honours from the University of the Witwatersrand, Johannesburg. He qualified as a chartered accountant with Coopers & Lybrand, Deloitte in Edinburgh in 1992. Shaun is a former Scottish international hockey player.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Dunedin Enterprise IT 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 price473
CurrencyGBX
Price updated30/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNMXC
Data provided by

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