Fact sheet: North Atlantic Sm Co IT

Fund information
Fund name
North Atlantic Smaller Companies IT
Fund manager company
Harwood Capital
Fund type
Investment Trust
Fund manager
  • Christopher Millssince 01/01/1997
Fund objective
To provide capital appreciation through investment in a portfolio of smaller companies based in countries bordering the North Atlantic Ocean.
Benchmark
  • Russell 2000
Investment style
None
Investment method
Shares
Quick stats
1 Year return
10.8%
1 Year rank in sector
3/3
Sector
IT North American Smaller Companies
Yield
-
Fund size
£354m
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.
102
Mid price
2450
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.
3002.2
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.
-17.48
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
JPMrgnUSSmC IT PLC 2.5P38.3%
JupiterUSSmallrCoPLC32.6%
North Atlantic Sm Co IT10.8%
...more in IT North American Smaller Companies

Performance snapshot

Holdings snapshot

  • North America100%
  • Government Bills27.3%
    Investment Companies23%
    Construction15.1%
    Healthcare & Medical Products5.8%
    Travel4.5%
  • North American Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-0.2%5.4%10.8%60.7%159.3%
Sector5.2%9.3%24.3%28%40.1%126.8%
Rank within sector3 / 33 / 33 / 33 / 31 / 32 / 3
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund8.3%25.3%17.6%16.1%38.8%
Sector26.4%7.3%3.1%28.2%23.1%
Rank within sector3 / 31 / 31 / 33 / 31 / 3
Quartile
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.
7.72
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.
0.78
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.
0.85
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%.
15.01
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.
12.42
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.
0.37
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.
0.33
Price movement
52 week high2601
52 week low2040
Current bid price2435
Current offer price2500
Current mid price2450
Region
1North America100%
Industry sector
1Government Bills27.3%
2Investment Companies23%
3Construction15.1%
4Healthcare & Medical Products5.8%
5Travel4.5%
6Real Estate4%
7Media3.7%
8Financials3.5%
9Industrials3.5%
Asset type
1North American Equities100%
Individual holdings
1TRIDENT PRIVATE EQUITY FUND III LP5.9%
2TEAM ROCK LIMITED3.4%
3INDUSTRIAL PROPERTIES LIMITED2.9%
4PERFORMANCE CHEMICAL COMPANY2.3%
5INDOOR BOWLING EQUITY LIMITED1.7%
6HARWOOD PRIVATE EQUITY IV L.P.1.2%
7TRUST ATLANTIC FINANCIAL1.1%
8GAJV HOLDINGS INC.0.9%
9US BANK PORTFOLIO0.9%
Management
Fund manager group
Harwood Capital
Fund manager company
Harwood Capital
Fund type
Investment Trust
Fund objective
To provide capital appreciation through investment in a portfolio of smaller companies based in countries bordering the North Atlantic Ocean.
Benchmark
  • Russell 2000
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Christopher Mills01/01/1997Christopher joined the board of JOHCM in 1993. He is Chief Executive of North Atlantic Smaller Companies Investment Trust Plc (NASCIT) and of American Opportunity Trust Plc. NASCIT is the winner of numerous Micropal and S&P Investment Trust awards. Before joining JOHCM he worked from 1975 for Samuel Montagu Limited, Montagu Investment Management Limited, and its successor company, Invesco MIM, until 1993. He was a director of Invesco MIM and held positions as Head of North American Investments and Head of North American Venture Capital.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
North Atlantic Smaller Companies IT
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 price3038.83
CurrencyGBX
Price updated31/10/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLII
North Atlantic Smaller Companies IT Conv
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 price1335
CurrencyGBX
Price updated09/05/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJF09
Data provided by

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