Fact sheet: Montanaro UK Income

Fund information
Fund name
Montanaro UK Income Seed GBP
Fund manager company
Montanaro Eurpn Smaller Co Plc
Fund type
OEIC
Fund managers
  • Charles Montanarosince 18/12/2012
Accolades
Fund objective
Capital growth and income. The Fund will invest primarily in Small and MidCap companies quoted in the UK that offer an attractive dividend yield or the potential for dividend growth. Up to 20% of the Fund may be invested in companies quoted in the EU (excluding the UK), Iceland, Norway and Switzerland. No unquoted investments are permitted.
Benchmark
  • IA UK Equity Income
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
14.3%
1 Year rank in sector
50/58
Sector
FO Equity - UK
Yield
-
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.
0.22%
Fund size
£155m (£129m last year)
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.
82
Top in this sector
Fund name1 Year
Boost FTSE 100 3x LD ETP96.1%
Boost FTSE 100 2x LD ETP59%
Old Mutual UK SmCos Fcus48.5%
Boost FTSE 250 2x LD ETP34.2%
Majedie UK Equity30.7%
...more in FO Equity - UK

Performance snapshot

Holdings snapshot

  • UK81.1%
    Sweden4.6%
    Italy4%
    Switzerland2.6%
    Spain2.6%
  • Consumer Discretionary22.5%
    Industrials19.9%
    Financials18.3%
    Consumer Staples12.8%
    Materials8%
  • UK Equities81.1%
    Swedish Equities4.6%
    Italian Equities4%
    Swiss Equities2.6%
    Spanish Equities2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%8.4%5.6%14.3%25.9%83.8%
Sector2.2%6.5%5.6%19.3%15.2%51.1%
Rank within sector31 / 627 / 6338 / 6250 / 587 / 516 / 44
Quartile2nd1st3rd4th1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4.2%1%20.1%2.8%33.2%
Sector2.6%8.9%4.9%1%23.7%
Rank within sector5 / 6356 / 584 / 5512 / 507 / 46
Quartile1st4th1st1st1st
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.
3.15
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.
0.98
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.
0.46
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%.
11.19
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.
7.12
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.
0.39
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.
0.6
Price movement
52 week high1.82
52 week low1.47
Current bid price-
Current offer price-
Current mid price1.79
Region
1UK81.11%
2Sweden4.56%
3Italy3.95%
4Switzerland2.64%
5Spain2.58%
6Portugal1.69%
7Norway1.07%
8Germany0.96%
9Belgium0.87%
Industry sector
1Consumer Discretionary22.48%
2Industrials19.95%
3Financials18.35%
4Consumer Staples12.81%
5Materials7.99%
6Real Estate6.83%
7Information Technology5.52%
8Health Care2.26%
9Utilities2.21%
Asset type
1UK Equities81.11%
2Swedish Equities4.56%
3Italian Equities3.95%
4Swiss Equities2.64%
5Spanish Equities2.58%
6Portuguese Equities1.69%
7Norwegian Equities1.07%
8German Equities0.96%
9Belgian Equities0.87%
Individual holdings
1TAYLOR WIMPEY PLC3.81%
2ST JAMES`S PLACE PLC3.69%
3JUPITER FUND MANAGEMENT PLC ORD GBP0.023.67%
4BIG YELLOW GROUP PLC3.63%
5CINEWORLD GROUP3.55%
6BOOKER GROUP PLC3.49%
7CRANSWICK3.49%
8HILTON FOOD GROUP PLC3.29%
9MARSHALLS2.91%
Management
Fund manager group
Montanaro
Fund manager company
Montanaro Eurpn Smaller Co Plc
Fund type
OEIC
Fund objective
Capital growth and income. The Fund will invest primarily in Small and MidCap companies quoted in the UK that offer an attractive dividend yield or the potential for dividend growth. Up to 20% of the Fund may be invested in companies quoted in the EU (excluding the UK), Iceland, Norway and Switzerland. No unquoted investments are permitted.
Benchmark
  • IA UK Equity Income
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Charles Montanaro18/12/2012Charles graduated with an honours degree in Anthropology from Durham University in 1976. He spent four years in industry before joining Merrill Lynch in 1980 as a private client broker in London. He joined Dean Witter Reynolds in 1984 and Drexel Burnham Lambert in 1987 as a Senior Vice President, where in both cases he was their top institutional broker in the UK, joining the high yield bond department in 1989. In 1990, Charles joined MMG Patricof (now Apax Partners) as a Director of investment banking working with UK smaller companies. In August 1991, he founded Montanaro to specialise in analysing and investing in European smaller companies on behalf of leading institutions. He has since launched several funds now totalling over 1 billion and established a strong track record. In addition, he has served on the Boards of two public smaller companies
Compliance
Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Finland, France, United Kingdom, Ireland, Netherlands, Norway, Offshore, Sweden
Montanaro UK Income EUR
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 price0.855
CurrencyEUR
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE3WU
Montanaro UK Income GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.032
CurrencyGBP
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE3WV
Montanaro UK Income Seed EUR
Initial charge4%
Annual charge0.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.196
CurrencyEUR
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEJA1
Montanaro UK Income Seed GBP
Initial charge4%
Annual charge0.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.793
CurrencyGBP
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeEJA2
Data provided by

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