Fact sheet: MFM Junior Gold

Fund information
Fund name
MFM Junior Gold P
Fund manager company
MFM
Fund type
OEIC
Fund manager
  • Angelos Damaskossince 07/09/2009
Fund objective
To provide long-term capital growth from a globally diversified portfolio investing primarily in small to medium capitalization companies specializing in identifying, developing and extracting gold. It may also invest in mining companies extracting other precious metals. There may be occasions, in light of adverse market conditions, where the Investment Manager chooses to hold high levels of cash, bonds and government securities. The Investment Manager may use derivatives for efficient portfolio management purposes only.
Benchmark
  • FTSE Gold Mining Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
134.7%
1 Year rank in sector
1/124
Sector
UT Specialist
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.
1.28%
Fund size
£20m (£6m 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.
302
Mid price
44.4
Top in this sector
Fund name1 Year
MFM Junior Gold134.7%
WAY Charteris Gd Prcsml124.2%
Old Mutual JPM Nat Res87.6%
Smith & Williamson GblGld&Res86.8%
JPM Natural Resources85.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-15.6%-24.8%1.5%134.7%47.3%-69.4%
Sector-1.2%-0.5%9.4%19.8%17%27.7%
Rank within sector123 / 124125 / 125106 / 1251 / 12413 / 11491 / 91
Quartile4th4th4th1st1st4th
Calendar performance
 YTD - 20162015201420132012
Fund127.3%-20.7%-17.7%-65.8%-32%
Sector19.7%-4.5%1.2%4.5%7.5%
Rank within sector2 / 124105 / 119107 / 115105 / 10591 / 91
Quartile1st4th4th4th4th
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.
7.72
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.
3.2
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.
0.17
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%.
56.8
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.
51.04
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.
0.14
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.
0.31
Price movement
52 week high65.54
52 week low17.66
Current bid price-
Current offer price-
Current mid price44.4
Region
No data available.
Industry sector
No data available.
Asset type
1Commodity & Energy100%
Individual holdings
No data available.
Management
Fund manager group
MFM
Fund manager company
MFM
Fund type
OEIC
Fund objective
To provide long-term capital growth from a globally diversified portfolio investing primarily in small to medium capitalization companies specializing in identifying, developing and extracting gold. It may also invest in mining companies extracting other precious metals. There may be occasions, in light of adverse market conditions, where the Investment Manager chooses to hold high levels of cash, bonds and government securities. The Investment Manager may use derivatives for efficient portfolio management purposes only.
Benchmark
  • FTSE Gold Mining Index
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Angelos Damaskos07/09/2009Mr Damaskos is a Greek national who arrived in the UK in 1981 to attend university. Graduated in 1985 from the University of Glasgow with a Degree in Mechanical Engineering and in 1989 obtained a Masters in Business Administration (MBA) from the University of Sheffield. He benefits from more than 14 years investment banking experience with major banks in the City of London concentrating on natural resources. Most recently he worked with the European Bank for Reconstruction and Development where he was responsible for some of the bank's equity investments in Russia and the CIS. In 2004, subscribing in the belief of a new commodities super-cycle, he set up Sector Investment Managers Ltd, an FSA-authorised investment advisory company and launched the Junior Oils Trust (JOT) which he advises. JOT grew from a launch NAV size of £3.7m to in excess of £17m by 30 June 2006. Discreet 2005 annual performance was +64% (on a bid to bid basis) placing it the 12th best performing fund among 1, 925 UK-listed Unit Trusts and OEICs.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MFM Junior Gold C
Initial charge5.25%
Annual charge1.75%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price43.14
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD5E1
MFM Junior Gold I
Initial charge0.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price43.79
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD5E0
MFM Junior Gold P
Initial charge0.5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price44.4
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJY0H
Data provided by

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