Fact sheet: Merchants Trust PLC

Fund information
Fund name
Merchants Trust PLC
Fund manager company
Allianz Global Invtrs GmbH(UK)
Fund type
Investment Trust
Fund managers
  • Simon Gergelsince 31/03/2006
Fund objective
The Trust’s objective is to provide an above average level of income, income growth and long-term growth of capital through a policy of investing mainly in higher yielding UK FTSE 100 companies.
Benchmark
  • FTSE 100
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
21.6%
1 Year rank in sector
6/24
Sector
IT UK Equity Income
Yield
5.1%
Fund size
£512m
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.
116
Mid price
470.5
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.
490.82
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.
-4.14
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.
119
Top in this sector
Fund name1 Year
Tmpl Br IT PLC33.7%
Chv Small Cos Div Tst plc25.9%
Lowland Investment Company25.9%
Shires Income plc23.6%
JPMorganClaverhITplc21.8%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK99%
    Money Market1%
  • Financials28.1%
    Consumer Services14.9%
    Oil & Gas14%
    Industrials13.8%
    Utilities9.7%
  • UK Equities99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%9.1%12.4%21.6%5.9%58.5%
Sector3%6.1%6.5%15.5%13.8%68.1%
Rank within sector13 / 245 / 245 / 246 / 2418 / 2420 / 24
Quartile3rd1st1st1st3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund5.2%10.9%-3.3%-3.5%40.3%
Sector2.5%6.9%3.8%3%29.8%
Rank within sector4 / 249 / 2420 / 2421 / 248 / 24
Quartile1st2nd4th4th2nd
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.
-2.81
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.
1.18
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
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%.
11.1
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.
6.42
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.
-0.34
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.
0.68
Price movement
52 week high474.75
52 week low384.75
Current bid price470
Current offer price474
Current mid price470.5
Region
1UK99%
2Money Market1%
Industry sector
1Financials28.1%
2Consumer Services14.9%
3Oil & Gas14%
4Industrials13.8%
5Utilities9.7%
6Health Care7.5%
7Consumer Goods5.1%
8Basic Materials3.5%
9Telecommunications2.4%
Asset type
1UK Equities99%
2Money Market1%
Individual holdings
1ROYAL DUTCH SHELL8.1%
2GLAXOSMITHKLINE7.4%
3HSBC HLDGS6.1%
4BP5.8%
5LLOYDS BANKING GROUP PLC4%
6UBM PLC3.8%
7CENTRICA PLC3%
8SSE PLC2.7%
9TATE & LYLE2.7%
Management
Fund manager group
Allianz Global Investors
Fund manager company
Allianz Global Invtrs GmbH(UK)
Fund type
Investment Trust
Fund objective
The Trust’s objective is to provide an above average level of income, income growth and long-term growth of capital through a policy of investing mainly in higher yielding UK FTSE 100 companies.
Benchmark
  • FTSE 100
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Simon Gergel31/03/2006Simon Gergel joined RCM in April 2006 from HSBC Halbis Partners where he managed over £900m in high income funds as well as core institutional and life UK equity portfolios. Prior to joining HSBC in 2001, Simon worked for 14 years at Phillips & Drew Fund Management / UBS AssetManagement where he was involved in all aspects of UK equity fund management, including research, portfolio management and account director roles. He graduated in 1987 from Cambridge University with an honours degree in mathematics and is an associate of the UK Society of Investment Professionals. Simon has managed the Allianz RCM UK Equity Income Fund since May 2006.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Merchants Trust 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 price513.44
CurrencyGBX
Price updated27/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJJC
Data provided by

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