Fact sheet: Menhaden Capital Plc

Fund information
Fund name
Menhaden Capital Plc ORD 1P
Fund manager company
Frostrow Capital LLP
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
Menhaden Capital PLC (the “Company”) seeks to generate long-term shareholder returns, predominantly in the form of capital growth, by investing in businesses and opportunities, irrespective of their size, location or stage of development, delivering or benefiting from the efficient use of energy and resources. Whilst the intention is to pursue an active, non-benchmarked total return strategy, the Company will be cognisant of the positioning of its portfolio against the MSCI World Index (Total Return, Sterling adjusted).
Benchmark
No data available.
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-25.1%
1 Year rank in sector
11/11
Sector
IT VCT Specialist Environmental
Yield
-
Fund size
£52m
Mid price
65.5
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.
85.58
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.
-23.46
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
Menhaden Capital Plc-25.1%
...more in IT VCT Specialist Environmental

Performance snapshot

Holdings snapshot

  • Europe28.5%
    USA27.7%
    Money Market24.9%
    UK14.1%
    Global Emerging Markets3.3%
  • Equities75.1%
    Money Market24.9%
  • Commodity & Energy75.1%
    Money Market24.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-12.9%5.6%-25.1%--
Sector-1.7%2.6%6%2.5%21.3%44.1%
Rank within sector3 / 101 / 115 / 1011 / 11--
Quartile2nd1st2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund-14.9%----
Sector2.5%4.1%13.1%11.9%8.7%
Rank within sector11 / 11----
Quartile4th
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 high85.5
52 week low54.5
Current bid price63
Current offer price68
Current mid price65.5
Region
1Europe28.5%
2USA27.7%
3Money Market24.9%
4UK14.1%
5Global Emerging Markets3.3%
6Asia1.5%
Industry sector
1Equities75.1%
2Money Market24.9%
Asset type
1Commodity & Energy75.1%
2Money Market24.9%
Individual holdings
1X-ELIO14.6%
2TERRAFORM POWER INC7.5%
3WHEB VENTURES PRIVATE EQUITY FUND 2 LP5.4%
4AIRBUS GROUP SE4.9%
5ALPINA PARTNERS FUND LP4.9%
6VOLKSWAGEN AG4.7%
7SAFRAN S.A.4%
8STERICYCLE INC3.4%
9TERRAFORM GLOBAL INC3.3%
Management
Fund manager group
Frostrow Capital
Fund manager company
Frostrow Capital LLP
Fund type
Investment Trust
Fund objective
Menhaden Capital PLC (the “Company”) seeks to generate long-term shareholder returns, predominantly in the form of capital growth, by investing in businesses and opportunities, irrespective of their size, location or stage of development, delivering or benefiting from the efficient use of energy and resources. Whilst the intention is to pursue an active, non-benchmarked total return strategy, the Company will be cognisant of the positioning of its portfolio against the MSCI World Index (Total Return, Sterling adjusted).
Benchmark
No data available.
Investment style
None
Investment method
Shares
Fund manager
No data available.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Menhaden Capital Plc ORD 1P
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 price85.58
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNK8J
Data provided by

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