Fact sheet: MFM Junior Oils Trust

Fund information
Fund name
MFM Junior Oils Trust P
Fund manager company
MFM
Fund type
Unit Trust
Fund manager
  • Angelos Damaskossince 19/09/2004
Fund objective
To provide long - term capital growth from a global portfolio of small to medium capitalisation companies specialising in oil exploration and production. There may be occasions in light of adverse market conditions where the Investment Manager chooses to hold a high level of bonds and government securities.
Benchmark
  • FTSE 350 Oil & Gas
Investment style
None
Investment method
Shares
Quick stats
1 Year return
24.8%
1 Year rank in sector
35/123
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.
1.21%
Fund size
£14m (£11m 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.
258
Bid price
85.86
Offer price
86.51
Top in this sector
Fund name1 Year
MFM Junior Gold127.3%
WAY Charteris Gd Prcsml118.1%
Smith & Williamson GblGld&Res83.1%
CF Ruffer Gold81.7%
Investec Global Gold77.1%
...more in UT Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.4%10%22%24.8%-43.6%-50.6%
Sector-1.3%-1%8.7%17.9%15.8%26%
Rank within sector12 / 12411 / 12515 / 12535 / 123114 / 11489 / 91
Quartile1st1st1st2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund36%-45%-27.2%-4.2%0.4%
Sector18.4%-4.5%1.2%4.5%7.5%
Rank within sector25 / 124119 / 119111 / 11587 / 10573 / 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.
-23.42
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.
1.57
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.
-0.07
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%.
29.72
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.
25.78
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.
-0.92
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.
0.28
Price movement
52 week high93.47
52 week low51.02
Current bid price85.86
Current offer price86.51
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
1Commodity & Energy100%
Individual holdings
1CARNARVON PETROLEUM8.3%
2COOPER ENERGY7.6%
3YANGARRA RESOURCES LTD6.5%
4QUESTERRE ENERGY CORP6.3%
5FAR LTD6%
6GEOPARK LTD5.4%
7SERICA ENERGY5%
8AFRICA OIL CORP4.6%
9PAINTED PONY PETROLEUM LTD3.8%
Management
Fund manager group
MFM
Fund manager company
MFM
Fund type
Unit Trust
Fund objective
To provide long - term capital growth from a global portfolio of small to medium capitalisation companies specialising in oil exploration and production. There may be occasions in light of adverse market conditions where the Investment Manager chooses to hold a high level of bonds and government securities.
Benchmark
  • FTSE 350 Oil & Gas
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Angelos Damaskos19/09/2004Mr 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 Oils Trust Acc
Initial charge5.25%
Annual charge1.75%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.88%
Bid price79.93
Offer price84.58
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQM29
MFM Junior Oils Trust I Acc
Initial charge0.5%
Annual charge1.25%
Min single investment£50,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.36%
Total expense ratio (TER)-
Bid price85.33
Offer price85.97
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG5KW
MFM Junior Oils Trust P
Initial charge0.5%
Annual charge1.1%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price85.86
Offer price86.51
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJY0I
Data provided by

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