Fact sheet: John Laing Infra

Fund information
Fund name
John Laing Infrastructure Ord 0.01P
Fund manager company
John Laing Capital Management
Fund type
Investment Trust
Fund managers
  • David Marshallsince 01/11/2010
  • Andrew Charlesworthsince 01/11/2010
Fund objective
A strong, predictable dividend yield with an annual minimum target of 6% on the IPO Issue Price and an IRR target of 7%-8%.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
13.7%
1 Year rank in sector
2/8
Sector
IT Infrastructure
Yield
5.4%
Fund size
£1,143m
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.
57
Mid price
127.2
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.
113.8
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.
+0.00
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
Vietnam Infra Ltd29.6%
Intl Public Prtnrship Ltd14.8%
John Laing Infra13.7%
BBGI SICAV S.A.10.8%
GCP Infrstrctre Invs Ld10.6%
...more in IT Infrastructure

Performance snapshot

Holdings snapshot

  • UK72%
    North America15.6%
    Continental Europe12.4%
  • Health Care35.2%
    Transport27.3%
    Education11.7%
    Others10.4%
    Building & Construction6.5%
  • UK Equities72%
    North American Equities15.6%
    European Equities12.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-3.3%6.9%13.7%31.8%55.3%
Sector-3.6%-2.7%8%13.1%45%67.1%
Rank within sector1 / 84 / 83 / 82 / 85 / 75 / 5
Quartile1st2nd2nd1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund15.2%0.5%12.5%12.4%4.9%
Sector13.4%6.7%14.6%12.2%7.6%
Rank within sector2 / 86 / 75 / 75 / 76 / 6
Quartile1st4th3rd3rd4th
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.
-3.79
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
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%.
8.16
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.
6.05
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.
-0.64
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.
0.43
Price movement
52 week high140.4
52 week low114.2
Current bid price127
Current offer price127.4
Current mid price127.2
Region
1UK72%
2North America15.6%
3Continental Europe12.4%
Industry sector
1Health Care35.2%
2Transport27.3%
3Education11.7%
4Others10.4%
5Building & Construction6.5%
6Safety & Security Services5.6%
7Utilities3.3%
Asset type
1UK Equities72%
2North American Equities15.6%
3European Equities12.4%
Individual holdings
No data available.
Management
Fund manager group
John Laing
Fund manager company
John Laing Capital Management
Fund type
Investment Trust
Fund objective
A strong, predictable dividend yield with an annual minimum target of 6% on the IPO Issue Price and an IRR target of 7%-8%.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
David Marshall01/11/2010David Marshall has 11 years of infrastructure investment experience with John Laing. Before assuming his position as dedicated Fund Manager he was Chairman of the John Laing Investment Committee and sat on its project review committee for 10 years. David also held the position of John Laing Group Treasurer for seven years and has substantial M&A experience including, during the course of his career with John Laing, the acquisition and disposal of PPP assets both on an individual and Portfolios basis.David is a Fellow of the Institute of Chartered Accountants in England and Wales and a Fellow of the Association of Corporate Treasurers. Prior to joining John Laing, he was Group Treasurer of two FTSE 100 listed companies
Andrew Charlesworth01/11/2010Andrew Charlesworth has over 13 years of experience in infrastructure investments. He has a multi-faceted experience in the PPP market, having been Adviser to authorities in procuring PFI projects and to senior lenders in funding them prior to becoming an equity sponsor. In the last 10 years Andrew has led the equity investment in a number of PFI projects across most sectors, delivering investment of over £600 million of shareholder contributions into projects and having raised over £1.5 billion in funding.Prior to moving into JLCM Andrew led significant parts of the primary investment business within John Laing, initially as CEO of Regenter (John Laing’s Social Housing PFI JV), then as Local Authority PFI Director and ultimately as the Financial and Commercial Director for the global John Laing Investments business.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
Guernsey, Offshore
John Laing Infrastructure Ord 0.01P
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 price113.8
CurrencyGBX
Price updated30/06/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNMVI
Data provided by

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