Fact sheet: Guinness Alternative Energy

Fund information
Fund name
Guinness Alternative Energy X GBP
Fund manager company
Guinness Asset Management Ltd
Fund type
OEIC
Fund managers
  • Edward Guinnesssince 19/12/2007
Fund objective
The investment objective of the Fund is to provide investors with long- term capital appreciation by investing in public listed equities in the alternative energy industry sector.
Benchmark
  • WilderHill Clean Energy Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
5.8%
1 Year rank in sector
-
Sector
FO Commodity & Energy
Yield
-
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.
1.49%
Fund size
£7m (£5m 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.
160
Top in this sector
Fund name1 Year
EGI Earth Gold90.7%
LLB Craton Cap Precious Metal82.2%
LLB Craton Capital Gbl Res74%
Baring Global Mining64.4%
SIA Long Term Invest Nat Res60.4%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

  • China29.6%
    USA18%
    Hong Kong9.9%
    Brazil7.3%
    Canada6.8%
  • Alternative & Renewable Energy72.7%
    Others26.5%
    Money Market0.8%
  • Commodity & Energy99.2%
    Money Market0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.4%-7.2%7.9%5.8%-12.7%8.5%
Sector3%0.7%6.4%17.9%-9.7%-22.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-0.7%-6.2%-5.9%56.7%-16.5%
Sector21.6%-19.8%-9%-6.6%-3.4%
Rank within sector-----
Quartile
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.
-1.81
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.
0.65
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%.
18.48
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.
16.84
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.
-0.08
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.
0.25
Price movement
52 week high12.33
52 week low8.73
Current bid price-
Current offer price-
Current mid price10.87
Region
1China29.6%
2USA18%
3Hong Kong9.9%
4Brazil7.3%
5Canada6.8%
6Germany6.6%
7Others6.1%
8UK4.2%
9Italy4%
Industry sector
1Alternative & Renewable Energy72.7%
2Others26.5%
3Money Market0.8%
Asset type
1Commodity & Energy99.2%
2Money Market0.8%
Individual holdings
1GOOD ENERGY GROUP PLC4.2%
2CIA ENERGETICA MINAS GERAIS-CEMIG4%
3INBRE4%
4FIRST SOLAR INC3.7%
5WASION GROUP HLDGS LTD3.6%
6JA SOLAR HOLDINGS CO LTD3.5%
7CONCORD NEW ENERGY GROUP LTD3.4%
8JOHNSON CONTROLS INTL PLC3.4%
9TIANNENG POWER INTERNATIONAL LTD3.4%
Management
Fund manager group
Guinness Asset Management
Fund manager company
Guinness Asset Management Ltd
Fund type
OEIC
Fund objective
The investment objective of the Fund is to provide investors with long- term capital appreciation by investing in public listed equities in the alternative energy industry sector.
Benchmark
  • WilderHill Clean Energy Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Edward Guinness19/12/2007Edward Guinness joined Guinness Asset Management in January 2006 and is manager of the Guinness Alternative Energy Fund. Prior to joining Guinness Asset Management, Edward worked from 2002 as a merger arbitrage analyst for the Arbitrage Associates Fund at the Tiedemann Investment Group in New York. In 1998 he joined HSBC Investment Bank, where he worked in the Corporate Finance Department in the Energy & Utilities Team and in the Telecoms & Technology Team. Edward Graduated from Cambridge University with a Master's degree in Engineering and Management Studies.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Finland, United Kingdom, Ireland, Luxembourg, Offshore, Singapore
Guinness Alternative Energy A USD
Initial charge-
Annual charge1%
Min single investment£200,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price2.1981
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBAA4
Guinness Alternative Energy B USD
Initial charge5%
Annual charge1.5%
Min single investment£20,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price2.1017
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBAA5
Guinness Alternative Energy C EUR
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price7.9927
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJXMD
Guinness Alternative Energy C GBP
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)1.99%
Bid price-
Offer price-
Mid price3.8329
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD6F6
Guinness Alternative Energy D EUR
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price3.8537
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD6F7
Guinness Alternative Energy E USD
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price2.894
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD6F8
Guinness Alternative Energy X GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price10.8708
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0VNJ
Data provided by

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