Fact sheet: MI Chelverton UK Equ Grth

Fund information
Fund name
MI Chelverton UK Equity Growth B Acc
Fund manager company
Maitland Institutional Service
Fund type
OEIC
Fund managers
  • David Taylorsince 19/10/2014
  • James Bakersince 19/10/2014
Fund objective
The objective of the fund is to achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities.
Benchmark
  • FTSE All Share Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
24.7%
1 Year rank in sector
116/278
Sector
UT UK All Companies
Yield
0.8%
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%
Fund size
£49m (£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.
58
Mid price
160.8925
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry76.7%
UBS UK Opportunities45%
R&M UK Equity Long Term Recovery42.9%
Schroder Recovery41.4%
Charity Equity38.7%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK100%
  • Software18.5%
    Support Services11.3%
    Leisure & Hotels7.9%
    Engineering & Machinery6.9%
    Pharmaceuticals6.8%
  • UK Equities93.5%
    Money Market6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.3%8.3%23.4%24.7%--
Sector3.8%4.6%12.5%21.4%16.6%67.3%
Rank within sector75 / 28629 / 2844 / 281116 / 278--
Quartile2nd1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund2%19.1%26.7%--
Sector2.5%11.2%3.7%0.6%25.7%
Rank within sector217 / 28621 / 2782 / 270--
Quartile4th1st1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high160.45
52 week low122.44
Current bid price-
Current offer price-
Current mid price160.89
Region
1UK100%
Industry sector
1Software18.53%
2Support Services11.34%
3Leisure & Hotels7.91%
4Engineering & Machinery6.89%
5Pharmaceuticals6.77%
6Money Market6.53%
7Other Financial5.45%
8Electronic & Electrical Equipment5.4%
9Media4.5%
Asset type
1UK Equities93.47%
2Money Market6.53%
Individual holdings
1BROOKS MACDONALD GROUP2.06%
2QUIXANT PLC2.02%
3TARSUS GROUP PLC1.97%
4PHOTO-ME INTERNATIONAL1.94%
5ATKINS(WS)1.92%
6AVON RUBBER1.89%
7CRANEWARE PLC1.89%
8GAMES WORKSHOP GROUP1.89%
9TYMAN PLC1.89%
Management
Fund manager group
Phoenix Fund Services (UK)
Fund manager company
Maitland Institutional Service
Fund type
OEIC
Fund objective
The objective of the fund is to achieve long-term capital growth by investing primarily in a portfolio of fully listed and AIM traded UK equities.
Benchmark
  • FTSE All Share Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
David Taylor19/10/2014David Taylor began his career as an analyst in the research department at Wedd Durlacher and moved into fund management in 1987 with the Merchant Navy Officers Pension Fund. He joined Gartmore Investment Limited in 1991, during this time, he ran a combination of institutional funds and investment trusts, namely the Clydesdale Investment Trust and London & Strathclyde Trust. In 1995, he moved to LGT to manage small cap retail funds and latterly spent nearly seven years as head of UK smaller companies at HSBC Asset Management. He joined Chelverton Asset Management in January 2006 and has comanaged the Chelverton UK Equity Income Fund since launch.
James Baker19/10/2014James Baker a history graduate from Cambridge University, has over 30 years of equity market experience on both buy and sell sides, specialising for all of his career in UK Small and Mid caps stock selection. He has worked for several organisations over the years, but most notably spent 11 years from 1999 to 2011 as part of the ABN Amro Small Mid cap sales team, which was consistently top ranked by Extel. Prior to joining Chelverton he worked as the Assistant fund manager on the Rathbone UK Recovery Fund.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MI Chelverton UK Equity Growth A Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.6746
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN7BX
MI Chelverton UK Equity Growth B Acc
Initial charge5%
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price160.8925
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKN1B
MI Chelverton UK Equity Growth B Inc
Initial charge5%
Annual charge0.75%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price157.4291
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKN1A
Data provided by

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