Fact sheet: Miton Miton The Inv Co

Fund information
Fund name
Miton The Investment Company Ord
Fund manager company
Miton Trust Managers Limited
Fund type
Investment Trust
Fund managers
  • Martin Turnersince 23/05/2013
  • Gervais Williamssince 23/05/2013
Fund objective
To provide Shareholders with an attractive level of dividends couple with capital growth over the long term.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-8.4%
1 Year rank in sector
22/24
Sector
IT UK Equity Income
Yield
6.1%
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.
2.5%
Fund size
£16m
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.
77
Mid price
337
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.
363.51
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.
-7.29
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
Tmpl Br IT PLC13.1%
Chv Small Cos Div Tst plc8.8%
Murray Inc Tst PLC8.8%
F&C Cap & Inc IT PLC7.8%
Shires Income plc7.4%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • International Equities51.6%
    Preference Shares22.9%
    Global Fixed Interest20.8%
    Convertibles4.6%
    Options0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.5%-5.6%-2.9%-8.4%2.8%93.1%
Sector0.3%0.8%6.6%2.3%12.6%71.7%
Rank within sector24 / 2423 / 2423 / 2422 / 2422 / 246 / 24
Quartile4th4th4th4th4th1st
Calendar performance
 YTD - 20162015201420132012
Fund-7.4%3.5%9.6%60.4%14.5%
Sector3.2%3.8%3%29.8%20%
Rank within sector22 / 2414 / 244 / 242 / 2415 / 24
Quartile4th3rd1st1st3rd
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.
3.83
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.
0.4
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.
0.11
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%.
12.07
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.
12.58
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.
0.06
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.
0.06
Price movement
52 week high389.5
52 week low332.5
Current bid price330
Current offer price344
Current mid price337
Region
No data available.
Industry sector
No data available.
Asset type
1International Equities51.6%
2Preference Shares22.9%
3Global Fixed Interest20.8%
4Convertibles4.6%
5Options0.1%
Individual holdings
1PHOENIX LIFE LTD6.2%
2CHARLES TAYLO ORD GBP0.013.9%
3NATIONAL WESTMINSTER BANK3.8%
4MANX TELECOM PLC3.2%
5ANGLO PACIFIC GROUP3.1%
6FISHGUARD & ROSSLARE3%
7AGGREGATED MICRO POWER HLDGS PLC2.9%
8CORAL PRODUCTS2.9%
9NEWCASTLE BUILDING SOCIETY2.9%
Management
Fund manager group
PSigma Unit Trust Managers
Fund manager company
Miton Trust Managers Limited
Fund type
Investment Trust
Fund objective
To provide Shareholders with an attractive level of dividends couple with capital growth over the long term.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Martin Turner23/05/2013Martin Turner joined Miton Group plc in May 2011. Prior to Miton, Martin has spent 25 years in the City. He qualified as a Chartered Accountant with Arthur Andersen in 1995 before moving to Rothschild and in time on to Head of Pan European Mid and Small Caps Sales at Merrill Lynch. Following this, Martin was Head of Sales at Teathers/Landsbanki before taking the Head of Small/Mid Cap Equities role covering research, sales and trading at Collins Stewart. Martin graduated from Warwick University with a degree in Accounting and Financial Analysis.
Gervais Williams23/05/2013Gervais Williams joined Miton Group plc in 2011. He manages a number of funds that aggregate to over £1bn, including the Miton UK MicroCap Trust. He is also Managing Director at Miton Group plc, the independent listed fund management group. His fund management career extends over 30 years including 17 years at Gartmore Group Ltd, where he was head of UK Small Companies investing in UK smaller companies and Irish equities. Gervais is a member of the AIM Advisory Council, a board member of the Quoted Companies Alliance and a board member of The Investment Association. He is also on the EU Taskforce reviewing why the number of smaller IPOs has declined over recent decades. Gervais Williams published his first book 'Slow Finance' in the autumn of 2011, and his second book 'The Future is Small' was published in November 2014. Gervais is Fund Manager of the CF Miton UK Multi Cap Income Fund, CF Miton UK Smaller Companies Fund, Miton Income Fund, Diverse Income Trust plc, The Investment Company plc and Miton UK MicroCap Trust plc. He was recently awarded Fund Manager of the Year 2014 by What Investment.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Miton The Investment Company NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price359.88
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMDFG
Miton The Investment Company NPV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price361.96
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMDVP
Miton The Investment Company Ord
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 price361.96
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLKZ
Data provided by

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