Fact sheet: MontanaroUKSmlrCosIT PLC

Fund information
Fund name
Montanaro UK Smaller Companies IT PLC
Fund manager company
Montanaro Asset Management Ltd
Fund type
Investment Trust
Fund managers
  • David Lindleysince 01/07/2012
  • Anna Lundensince 01/07/2014
Fund objective
Capital growth by investing in quoted UK smaller companies and to outperform its Benchmark, the Numis Smaller Companies Index (ex-IC) (Capital Return). The Trust will invest primarily in quoted UK smaller companies with a market capitalisation smaller than the largest constituent of the Numis Smaller Companies Index at the time of initial investment.
Benchmark
  • NUMIS Smaller Companies (ex Investment Companies) Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
9.2%
1 Year rank in sector
14/18
Sector
IT UK Smaller Companies
Yield
1.9%
Fund size
£172m
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.
110
Mid price
514
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.
661.24
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.
-22.27
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
Rights & Issues IT46.4%
AberforthGeardIncTstPlc38.8%
River & Merc UK Micro Cap37.3%
BlackRock Sm Cos IT30.8%
Invesco Perp UK Sm Cos plc30.7%
...more in IT UK Smaller Companies

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2%9.1%14.9%9.2%9.7%60.8%
Sector5.4%9.5%16.7%22.1%40.2%122.1%
Rank within sector16 / 1812 / 1813 / 1814 / 1815 / 1615 / 16
Quartile4th3rd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund15.5%-13.9%24.6%-11.1%26.8%
Sector13.9%4%25.3%-5.1%44.7%
Rank within sector9 / 1817 / 1811 / 1712 / 1615 / 16
Quartile2nd4th3rd3rd4th
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.
-7.8
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.
1.16
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%.
15.75
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.
8.02
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.
-0.85
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.
0.74
Price movement
52 week high522.25
52 week low393
Current bid price515.5
Current offer price519
Current mid price514
Region
1UK100%
Industry sector
1Consumer Goods33%
2Industrials31%
3Financials18%
4Health Care9%
5Technology8%
6Basic Materials1%
Asset type
1UK Equities100%
Individual holdings
1DECHRA PHARMACEUTICALS PLC3.2%
2BIG YELLOW GROUP3%
3CINEWORLD GROUP3%
4MARSHALLS3%
5CONSORT MEDIC ORD GBP0.102.9%
6CRANSWICK ORD GBP0.102.7%
7DOMINO`S PIZZA ENTERPRISES LTD2.7%
8Dignity PLC ORD2.7%
9MEARS GROUP PLC2.7%
Management
Fund manager group
Montanaro Asset Management
Fund manager company
Montanaro Asset Management Ltd
Fund type
Investment Trust
Fund objective
Capital growth by investing in quoted UK smaller companies and to outperform its Benchmark, the Numis Smaller Companies Index (ex-IC) (Capital Return). The Trust will invest primarily in quoted UK smaller companies with a market capitalisation smaller than the largest constituent of the Numis Smaller Companies Index at the time of initial investment.
Benchmark
  • NUMIS Smaller Companies (ex Investment Companies) Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
David Lindley01/07/2012David Lindley gained his undergraduate degree at the University of Leeds in Chemistry (First Class) in 2005. As part of his degree, he undertook a year of study in USA. He went on to complete a Masters in Chemistry at Leeds the following year.On graduating, David joined Fox-Pitt, Kelton (now part of Macquarie Group), a global financial services focussed boutique, as an Investment Banking Analyst. During his 2 years there, he worked on a number of M&A and private equity transactions in the private and public sector across the insurance, consumer finance and miscellaneous financials space.David joined Montanaro in April 2010.
Anna Lunden01/07/2014Anna Lunden - portfolio manager - MSc business administration (Jonkoping Business School, Sweden), joined AIGGIG in 2003 after three years in sales at Jefferies & Co and Beeson Gregory, where she focused on small-caps and biotechnology stocks.
Compliance
AIC Member, Transparent for Swiss Tax
Domicile
No data available.
Fund for sale in
United Kingdom
Montanaro UK Smaller Companies IT 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 price553.75
CurrencyGBX
Price updated08/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJNH
Data provided by

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