Fact sheet: Elite Charteris Prem Inc

Fund information
Fund name
Elite Charteris Premium Income Inst Acc
Fund manager company
WAY Fund Managers
Fund type
Unit Trust
Fund managers
  • Ian Williamssince 31/10/2008
  • Nick Taylorsince 31/10/2008
Fund objective
The objective of the fund is to provide a combination of income and capital growth with a particular emphasis on Income.
Benchmark
  • IA Equity Income
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
9.4%
1 Year rank in sector
7/91
Sector
UT UK Equity Income
Yield
1.4%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.34%
Fund size
£11m (£11m 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.
104
Top in this sector
Fund name1 Year
UBS UK Equity Income23.8%
Scot Wid Fdmtl Index UK Equity18.1%
SVS Church House DeepValInvts15.5%
SJP UK Growth13.7%
Jupiter Income Trust13.5%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK99.5%
    Money Market0.5%
  • Financials30.2%
    Basic Materials29.5%
    Consumer Services12.5%
    Industrials6%
    Oil & Gas5.5%
  • International Equities99.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.4%-2.8%9.3%9.4%3.4%17.8%
Sector-2%-1.7%4.8%3.4%14.4%59.6%
Rank within sector81 / 9666 / 9611 / 967 / 9181 / 8277 / 77
Quartile4th3rd1st1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund12.3%-2.1%-5.8%4.3%10.4%
Sector4.1%4.9%2.8%24.8%13.5%
Rank within sector7 / 9281 / 8782 / 8379 / 7961 / 78
Quartile1st4th4th4th4th
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.
-5.27
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.
1.14
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
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%.
12.05
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.
6.85
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.
-0.7
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.
0.69
Price movement
52 week high157.53
52 week low118.73
Current bid price-
Current offer price-
Current mid price147.27
Region
1UK99.53%
2Money Market0.47%
Industry sector
1Financials30.23%
2Basic Materials29.53%
3Consumer Services12.47%
4Industrials5.97%
5Oil & Gas5.5%
6Telecommunications5.09%
7Utilities4.98%
8Consumer Goods3.05%
9Health Care2.71%
Asset type
1International Equities99.53%
2Money Market0.47%
Individual holdings
1BHP BILLITON PLC5.6%
2RIO TINTO5%
3FRESNILLO PLC4.8%
4ANTOFAGASTA4%
5RANDGOLD RESOURCES3.9%
6PRUDENTIAL PLC3.6%
7WPP PLC3.3%
8JOHNSON MATTHEY3.1%
9PERSIMMON3.1%
Management
Fund manager group
WAY Fund Managers
Fund manager company
WAY Fund Managers
Fund type
Unit Trust
Fund objective
The objective of the fund is to provide a combination of income and capital growth with a particular emphasis on Income.
Benchmark
  • IA Equity Income
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Ian Williams31/10/2008Ian Williams has spent the last 35 years as a specialist in Equity and Fixed Income markets, covering sales, research, market making and proprietary trading. He was a Member of the London Stock Exchange for many years before joining Chase Manhattan Bank (now JP Morgan). He subsequently worked for Dresdner Kleinwort Benson & Guinness Mahon (now Investec) before becoming Chairman & CEO of Charteris Treasury Portfolio Managers Ltd. The Funds run by Ian Williams include the soon to be launched Elite Charteris Strategic Fixed Income Fund, which uses a covered option writing strategy as part of the investment process combined with unique access to the proprietary, Giltsoft model developed by Gilt expert Patrick Phillips. This covered-call strategy is also applied to the Elite Charteris Premium Income Fund, which has a one-star rating by Morningstar and a Single Crown Rating from Trustnet. This equity fund invests solely in UK leading Blue Chip equities and is the longest living covered-call writing fund in the UK with a target yield of 6-7% per annum. Ian is also the investment manager of the WAY Charteris Gold & Precious Metals Fund which was launched in the first quarter of 2010 and is in the IMA UK specialist sector. In the first four months of trading, also was the number one fund against over 3,200 mutual funds across the UK. He has been a regular contributor to the national written press and various television networks including ”The Keiser Report” on RT, Bloomberg, CNBC, Reuters, BNN, Hargreaves Lansdown TV, SIPP TV & BBC Radio 4.
Nick Taylor31/10/2008Nick Taylor has 38 years of international investment management experience gained at Morgan Grenfell and INVESCO and was Managing Director at Cigna International Investment Advisors and Matheson Investment Management. An award-winning manager, Nick has run equity portfolios for a broad range of investors, including institutional pension funds, private client portfolios and investment trusts. Nick is also a Chartered Fellow of the Chartered Securities Institute.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Elite Charteris Premium Income Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price143.27
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGDA1
Elite Charteris Premium Income Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price109.24
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQM03
Elite Charteris Premium Income Inst Acc
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price147.27
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKLY3
Elite Charteris Premium Income Inst Inc
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price112.69
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKLY4
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