Fact sheet: Monks IT PLC

Fund information
Fund name
Monks Investment Trust PLC
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund managers
  • Charles Plowdensince 27/03/2015
  • Malcolm MacCollsince 27/03/2015
  • Spencer Adairsince 27/03/2015
Fund objective
The objective of Monks is to invest globally to achieve capital growth. This takes priority over income and dividends. Monks seeks to meet its objective by investing principally in a portfolio of global quoted equities.
  • FTSE World
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1 Year rank in sector
IT Global
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.
Fund size
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.
Mid price
?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.
?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.
?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.
Top in this sector
Fund name1 Year
Lindsell Train IT plc54.9%
Monks IT PLC40.6%
Sct Mtg IT PLC38.5%
British Empire Trust plc36.8%
The Scottish Inv Tst PLC30.2%
...more in IT Global

Performance snapshot

Holdings snapshot

  • North America47.1%
    Global Emerging Markets18%
  • No data available.
  • North American Equities47.1%
    Global Emerging Market Equities18%
    European Equities15.4%
    UK Equities7.7%
    Japanese Equities7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector1 / 251 / 253 / 252 / 259 / 2519 / 25
Calendar performance
 YTD - 20162015201420132012
Rank within sector3 / 2511 / 2521 / 2516 / 2524 / 25
Risk statistics
?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 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.
?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 (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.
?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 high549
52 week low361.1
Current bid price547.5
Current offer price548.5
Current mid price548
1North America47.1%
2Global Emerging Markets18%
7Money Market1%
8Not Specified0.5%
Industry sector
No data available.
Asset type
1North American Equities47.1%
2Global Emerging Market Equities18%
3European Equities15.4%
4UK Equities7.7%
5Japanese Equities7%
6Asia Pacific Equities3.3%
7Money Market1%
8International Equities0.5%
Individual holdings
6SAP SE2.2%
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund objective
The objective of Monks is to invest globally to achieve capital growth. This takes priority over income and dividends. Monks seeks to meet its objective by investing principally in a portfolio of global quoted equities.
  • FTSE World
Investment style
No data available.
Investment method
No data available.
Fund managers
Charles Plowden27/03/2015Charles graduated BA in Modern History from Oxford University in 1983 and joined Baillie Gifford the same year, becoming a Partner in 1988. He was an Investment Manager in the UK equity team for over 20 years notably developing Baillie Gifford’s specialist UK capabilities, and was latterly head of the team. Since its inception in 2005, Charles has headed up the Global Alpha strategy which is currently his sole portfolio management role. He became Joint Senior Partner with overall responsibility for the investment departments in 2006.
Malcolm MacColl27/03/2015Malcolm graduated MA in Economics and History in 1998 and MLitt in Economics, Politics and Management in 1999 both from the University of St Andrews. He joined Baillie Gifford in 1999 and spent his graduate rotation in the UK Small Cap Team before joining the North American Team. Malcolm managed the North American portion of wider Global portfolios whilst in the North American Team. He has been a Global Alpha Investment Manager since the product’s inception in 2005 and this is now his sole portfolio responsibility. Malcolm is a member of the CFA Society of the UK. He became a Partner in 2011.
Spencer Adair27/03/2015Spencer graduated from the University of St Andrews with a BSc in Medicine in 1997 followed by two years of clinical training in Edinburgh. He joined Baillie Gifford in 2000 and spent time working in the Fixed Income, Japanese, European and UK teams, before becoming an Investment Manager for the Global Alpha portfolio. Spencer managed the Investment Grade Long Bond Fund whilst being a Fixed Income Investment Manager and the European portion of wider Global portfolios whilst in the European Team. He has also spent time with our Emerging Markets Team. Spencer has been involved in the Global Alpha portfolio since inception in 2005 and has focused exclusively on this portfolio management responsibility since early 2007. He became a Partner in 2013.
AIC Member, Transparent for Swiss Tax
No data available.
Fund for sale in
United Kingdom
Monks Investment Trust PLC
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.62%
Bid price547.5
Offer price548.5
Mid price548
Price updated20/10/2016
Institutional or retail classRetail
Citi codeBE05
Monks Investment Trust PLC 6 3/8% Deb Stk 2023
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price115
Offer price120
Mid price117.5
Price updated20/10/2016
Institutional or retail classRetail
Citi code01M0
Data provided by

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