Fact sheet: Independent Investment Trust

Fund information
Fund name
Independent Investment Trust
Fund manager company
Independent Investment Trust
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
The Company’s objective is to provide good absolute returns over long periods by investing the great majority of its assets in UK and international quoted securities. When appropriate, the directors will sanction relatively high levels of gearing and a relatively concentrated portfolio structure. The portfolio is constructed without reference to the composition of any stockmarket index.
Benchmark
  • FTSE All Share TR
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
23.8%
1 Year rank in sector
17/24
Sector
IT Global
Yield
1.1%
Fund size
£262m
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.
132
Mid price
471.5
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.
498.19
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.
-5.36
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.
100
Top in this sector
Fund name1 Year
Monks IT PLC52.7%
British Empire Trust plc45.2%
JPM Gbl Grw&Inc plc42.2%
Sct Mtg IT PLC41.7%
Alliance Trust PLC36.4%
...more in IT Global

Performance snapshot

Holdings snapshot

  • International95.3%
    Money Market4.7%
  • Property23%
    Telecom, Media & Technology20.1%
    Travel11.2%
    Industrials9.7%
    Beverages8.7%
  • International Equities95.3%
    Money Market4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund9.7%20.7%24.8%23.8%82%157.4%
Sector0.7%5.3%10.9%29.9%47.9%90.9%
Rank within sector1 / 241 / 241 / 2417 / 243 / 243 / 24
Quartile1st1st1st3rd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund22.3%-0.3%38.1%11.1%30.8%
Sector7%21.1%6.8%7.4%21%
Rank within sector1 / 2424 / 242 / 2410 / 248 / 24
Quartile1st4th1st2nd2nd
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.
13.97
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.
0.37
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.
0.99
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%.
15.05
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.
15.56
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.
0.27
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.
0.04
Price movement
52 week high453.5
52 week low325.63
Current bid price465
Current offer price478
Current mid price471.5
Region
1International95.3%
2Money Market4.7%
Industry sector
1Property23%
2Telecom, Media & Technology20.1%
3Travel11.2%
4Industrials9.7%
5Beverages8.7%
6Retail7%
7Consumer Services4.9%
8Money Market4.7%
9Business Services4.1%
Asset type
1International Equities95.3%
2Money Market4.7%
Individual holdings
1FEVERTREE DRINKS PLC8.7%
2HERALD INVESTMENT TRUST7.5%
3REDROW ORD GBP0.107.4%
4ASHTEAD GROUP7.1%
5ON THE BEACH GROUP PLC6%
6CREST NICHOLSON HLDGS PLC5.9%
7FDM GROUP PLC5.9%
8MCCARTHY & STONE PLC3.8%
9HOLLYWOOD BOWL GROUP PLC3%
Management
Fund manager group
Independent Investment Trust
Fund manager company
Independent Investment Trust
Fund type
Investment Trust
Fund objective
The Company’s objective is to provide good absolute returns over long periods by investing the great majority of its assets in UK and international quoted securities. When appropriate, the directors will sanction relatively high levels of gearing and a relatively concentrated portfolio structure. The portfolio is constructed without reference to the composition of any stockmarket index.
Benchmark
  • FTSE All Share TR
Investment style
Absolute Return
Investment method
No data available.
Fund manager
No data available.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Independent Investment 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 price498.19
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJHU
Data provided by

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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.