Fact sheet: Intl Biotechnology Trust

Fund information
Fund name
International Biotechnology Trust
Fund manager company
SV Life Sciences Managers
Fund type
Investment Trust
Fund managers
  • Kate Binghamsince 01/11/2000
  • Carl Harald Jansonsince 01/09/2013
  • Ailsa Craigsince 31/03/2006
Fund objective
International Biotechnology Trust (IBT:LN) offers investors access to the fast growing biotechnology sector through an actively managed, diversified fund. Its award winning fund managers at SV Life Sciences are scientifically and medically trained with over 60 years of experience in this specialist sector between them. As well as investing in a wide ranging portfolio of global quoted biotechnology stocks, IBT includes a small proportion of otherwise inaccessible carefully selected unquoted investments which have the potential to deliver additional returns over the long term. Excellent management teams, unique innovative products and strong potential for outperformance are the key criteria for inclusion in IBT’s diversified portfolio of assets.
Benchmark
  • NASDAQ Biotechnology
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.2%
1 Year rank in sector
3/4
Sector
IT Biotechnology & Healthcare
Yield
-
Fund size
£199m
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.
204
Mid price
530
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.
598.28
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.
-8.24
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
Wldwide Hlthcare Tst PLC10.4%
PlrCp GblHlthcr G&IPLC4%
Intl Biotechnology Trust2.2%
The Biotech Growth Trust PLC-0.4%
BB HlthcareTstPlcRedOrd1P-
...more in IT Biotechnology & Healthcare

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.1%7.7%17%2.2%83.4%232.8%
Sector3.4%1.6%12.7%5.4%65.8%202.8%
Rank within sector3 / 41 / 41 / 43 / 41 / 42 / 4
Quartile3rd1st1st3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund-2.1%22.2%48.2%49.5%25.8%
Sector2.2%12.7%39.3%43.2%27.5%
Rank within sector3 / 41 / 41 / 42 / 42 / 4
Quartile3rd1st1st2nd2nd
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.
-0.87
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.
1.38
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.
0.7
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%.
30.13
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.
11.4
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.
0.39
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.
0.93
Price movement
52 week high575
52 week low380
Current bid price530
Current offer price539
Current mid price530
Region
1North America80%
2Europe20%
Industry sector
No data available.
Asset type
1North American Equities80%
2European Equities20%
Individual holdings
1CELGENE CORP7%
2BIOGEN INC6.7%
3INCYTE CORP6.6%
4REGENERON PHARMACEUTICALS INC5.7%
5GILEAD INC4.9%
6GENMAB AS4.3%
7TESARO INC4.3%
8ALEXION PHARMACEUTICALS INC4%
9ACTELION3.4%
Management
Fund manager group
SV Life Sciences
Fund manager company
SV Life Sciences Managers
Fund type
Investment Trust
Fund objective
International Biotechnology Trust (IBT:LN) offers investors access to the fast growing biotechnology sector through an actively managed, diversified fund. Its award winning fund managers at SV Life Sciences are scientifically and medically trained with over 60 years of experience in this specialist sector between them. As well as investing in a wide ranging portfolio of global quoted biotechnology stocks, IBT includes a small proportion of otherwise inaccessible carefully selected unquoted investments which have the potential to deliver additional returns over the long term. Excellent management teams, unique innovative products and strong potential for outperformance are the key criteria for inclusion in IBT’s diversified portfolio of assets.
Benchmark
  • NASDAQ Biotechnology
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Kate Bingham01/11/2000Kate Bingham joined SV Life Sciences in 1991 and is one of the firm’s Managing Partners. Kate has been responsible for a number of successful venture capital investments in biotechnology companies and has served on the boards of a number of companies in the United States and Europe. Prior to joining SVLS, Kate worked for Vertex, a biotechnology company and at Monitor Company, a strategy consulting firm. Kate has a first class degree in Biochemistry from Oxford University and graduated from Harvard Business School with an MBA.
Carl Harald Janson01/09/2013Carl Harald Janson joined SV Life Sciences Managers in September 2013 as lead IBT Investment Manager for the quoted portfolio. Carl Harald qualified as a Medical Doctor and completed a PhD at the Karolinska Institutet, and is a Certified Financial Analyst from the Stockholm School of Economics. Prior to joining SVLS Carl Harald worked as Director preclinical research for Astra Arcus AB, Senior Financial Analyst for Hagströmer and Qviberg Fondkommission AB and Danske Securities, Investment Manager at Karolinska Development AB, and Fund Manager at Carnegie Investment Bank where as Fund Manager of the Carnegie Biotechnology Fund, he was recognised by Bloomberg as the top performing biotech fund manager worldwide. Carl Harald has also served as CEO and Member of the Board of several Scandinavian biotech companies.
Ailsa Craig31/03/2006Ailsa Craig joined SVLS in November 2006 as IBT Investment Analyst and became an Investment Manager in 2008, where she is part of the public markets focused team. Previously, Ailsa worked at Baring Asset Management for two years as a research analyst, covering pharmaceutical and biotechnology stocks. Prior to this, Ailsa worked for Insight Investment / Rothschild Asset Management (merged 2003) as the Global Healthcare Analyst. Ailsa has a BSc (Hons) in Biology from the University of Manchester. She was awarded the IMC in 2002 and the Securities Institute Diploma in 2007.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
International Biotechnology 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 price604.21
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJHF
International Biotechnology Trust NAV
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 price604.21
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUM76
Data provided by

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