Fact sheet: Herald Investment Trust plc

Fund information
Fund name
Herald Investment Trust plc
Fund manager company
Herald Investment Mgmt Ltd
Fund type
Investment Trust
Fund manager
  • Katie Pottssince 01/01/1994
Accolades
Fund objective
Herald’s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of communications and multi-media. Investments will be made throughout the world. The business activities of investee companies will include information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11.6%
1 Year rank in sector
1/1
Sector
IT Small Media Comms & IT Cos
Yield
-
Fund size
£613m
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.
103
Mid price
828
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.
1051.9
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.
-21.40
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.
103
Top in this sector
Fund name1 Year
Herald Investment Trust plc11.6%
...more in IT Small Media Comms & IT Cos

Performance snapshot

Holdings snapshot

  • UK56.4%
    North America22.7%
    Money Market11.1%
    Asia Pacific5.3%
    Europe & Middle East4.5%
  • No data available.
  • UK Equities56.4%
    North American Equities22.7%
    Money Market11.1%
    Asia Pacific Equities5.3%
    International Equities4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%2.6%18.8%11.6%19.8%83.1%
Sector0.2%2.4%18.6%11.4%19.1%82.4%
Rank within sector1 / 11 / 11 / 11 / 11 / 11 / 1
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund11.1%13.1%-3.8%33.8%13%
Sector10.9%13.1%-3.8%33.8%12.8%
Rank within sector1 / 11 / 11 / 11 / 11 / 1
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.
-0.01
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.
1.01
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.
0.31
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%.
14.35
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.
1.12
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.
0.03
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.
0.99
Price movement
52 week high867
52 week low617
Current bid price822
Current offer price828
Current mid price828
Region
1UK56.4%
2North America22.7%
3Money Market11.1%
4Asia Pacific5.3%
5Europe & Middle East4.5%
Industry sector
No data available.
Asset type
1UK Equities56.4%
2North American Equities22.7%
3Money Market11.1%
4Asia Pacific Equities5.3%
5International Equities4.5%
Individual holdings
1DIPLOMA2.7%
2IMAGINATION TECHNOLOGIES GROUP2.3%
3IDOX2.2%
4GB GROUP2%
5NEXT FIFTEEN COMMUNICATIONS GROUP1.8%
6SILICON MOTION TECHNOLOGY CORP1.8%
7M&C SAATCHI1.6%
8SQS SOFTWARE QUALITY SYSTEMS AG1.6%
9IQE PLC1.3%
Management
Fund manager group
Herald Investment Mgmt
Fund manager company
Herald Investment Mgmt Ltd
Fund type
Investment Trust
Fund objective
Herald’s objective is to achieve capital appreciation through investments in smaller quoted companies in the areas of communications and multi-media. Investments will be made throughout the world. The business activities of investee companies will include information technology, broadcasting, printing and publishing and the supply of equipment and services to these companies.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Katie Potts01/01/1994Katie read Engineering Science on a GKN Group scholarship at Lady Margaret Hall, Oxford. She worked for five years in investment management at Baring Investment Management Limited, before joining S.G. Warburg Securities' UK electronics research team in 1988. The team was consistently voted top team in the Extel survey of analysts in the sector, and she was voted top analyst by finance directors of electronics companies canvassed by the Treasurer magazine. In addition Katie had responsibility within S.G. Warburg's UK research department for commenting on accounting issues.
Compliance
AIC Member, Distributor Status
Domicile
No data available.
Fund for sale in
United Kingdom
Herald Investment Trust 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 price1051.92
CurrencyGBX
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJJB
Data provided by

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