Fact sheet: Manchester & London IT plc

Fund information
Fund name
Manchester & London IT plc
Fund manager company
M&L Capital Management Ltd
Fund type
Investment Trust
Fund manager
  • Mark Sheppardsince 01/01/2000
Fund objective
The principle objective of the Manchester & London Investment Trust plc (“MNL”) is to achieve capital appreciation with a reasonable levels of income.
Benchmark
  • FTSE All Share Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.5%
1 Year rank in sector
1/17
Sector
IT UK All Companies
Yield
1.2%
Fund size
£59m
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.
102
Mid price
273
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.
348.3
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.
-21.66
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
Manchester & London IT plc15.5%
Fidelity Special Values PLC11.9%
Aurora Investment Trust plc10.6%
Crystal Amber9.7%
Abrden UK Tkr Tst plc9.7%
...more in IT UK All Companies

Performance snapshot

Holdings snapshot

  • USA50.3%
    UK29.1%
    Netherlands4.1%
    Switzerland3.4%
    France3.1%
  • Others100%
    Information Technology31.5%
    Health Care10.2%
    Mutual Funds9.5%
    Consumer Staples4.2%
  • US Equities50.3%
    UK Equities29.1%
    Dutch Equities4.1%
    Swiss Equities3.4%
    French Equities3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-4.5%17.9%15.5%12.5%4.9%
Sector1.1%-0.7%3.4%0.2%9.7%68.9%
Rank within sector17 / 1715 / 171 / 171 / 178 / 1514 / 15
Quartile4th4th1st1st3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund15.7%11.3%-11%-10.6%5.4%
Sector-0.1%9.1%-1.7%31.3%20.3%
Rank within sector2 / 177 / 1614 / 1515 / 1514 / 15
Quartile1st2nd4th4th4th
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.
2.13
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.
0.78
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.
0.03
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%.
13.11
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.
0.08
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 high301.75
52 week low227
Current bid price271
Current offer price275
Current mid price273
Region
1USA50.3%
2UK29.14%
3Netherlands4.11%
4Switzerland3.43%
5France3.08%
6Germany2.94%
7Italy2.63%
8Japan2.09%
9China1.03%
Industry sector
1Others100%
2Information Technology31.53%
3Health Care10.2%
4Mutual Funds9.49%
5Consumer Staples4.18%
6Equities-0.05%
7Consumer Discretionary-0.73%
8Real Estate-2.36%
9Utilities-3.86%
Asset type
1US Equities50.3%
2UK Equities29.14%
3Dutch Equities4.11%
4Swiss Equities3.43%
5French Equities3.08%
6German Equities2.94%
7Italian Equities2.63%
8Japanese Equities2.09%
9Chinese Equities1.03%
Individual holdings
1AMAZON.COM INC6.5%
2ALPHABET INC6.2%
3FACEBOOK INC4.8%
4MICROSOFT CORP4.3%
5APPLE INC4.1%
6GLAXOSMITHKLINE4%
7POLAR CAPITAL TECHNOLOGY TRUST PLC ORD 25P3.9%
8HEINEKEN NV3.8%
9PAYPAL HLDGS INC3.8%
Management
Fund manager group
Midas Investment Management
Fund manager company
M&L Capital Management Ltd
Fund type
Investment Trust
Fund objective
The principle objective of the Manchester & London Investment Trust plc (“MNL”) is to achieve capital appreciation with a reasonable levels of income.
Benchmark
  • FTSE All Share Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Mark Sheppard01/01/2000Mark Sheppard qualified in 1996 as a chartered accountant with Deloitte & Touche in London where he gained experience in advising on a number of venture capital deals. He then moved to ABN Amro where he became a smaller companies analyst and was part of the Restaurant, Breweries and Pubs team, which was voted the second best in the 1998 Reuters UK Smaller Company Survey. The following year Mark moved to the UK Smaller and Mid Cap Institutional sales team that was voted the second best team in the 1999 survey. In 2001, Mark became Chief Executive of Midas Investment Management Limited. Mark has been involved in the management of a number of investment funds including the Manchester & London Investment Trust plc.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Manchester & London IT plc
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 price337.2
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJMS
Data provided by

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