Fact sheet: PEWT Secs PLC

Fund information
Fund name
Premier Energy&Water Trust Securities PLC Ord
Fund manager company
Premier Fund Managers
Fund type
Investment Trust
Fund managers
  • Claire Longsince 01/04/2011
  • James Smithsince 01/06/2012
Fund objective
The Company's investment objectives are to achieve a high income from its portfolio and to realise long term growth in the capital value of the portfolio. The Company will seek to achieve these objectives by investing principally in equity and equity related securities of companies operating in the utilities and infrastructure sectors. The Company may invest up to 15% in other investment companies provided that they themselves invest in utilities and infrastructure. Up to 15% of the portfolio can be invested in unquoted investments.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
37.1%
1 Year rank in sector
1/1
Sector
IT Utilities
Yield
5.9%
Fund size
£30m
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.
128
Mid price
164.5
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.
175.64
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.
-6.34
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
PEWT Secs PLC37.1%
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...more in IT Utilities

Performance snapshot

Holdings snapshot

  • North America24%
    China18.2%
    Latin America11.3%
    Europe ex UK11%
    UK9.1%
  • Utilities38.9%
    Electricity Supply34.4%
    Alternative & Renewable Energy13.1%
    Oil & Gas10.9%
    Money Market2.7%
  • Commodity & Energy97.3%
    Money Market2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-1.6%5.2%37.1%9.7%138%
Sector-6.1%-2.6%3.4%27.5%20.9%70.6%
Rank within sector2 / 32 / 32 / 31 / 11 / 11 / 1
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund4.3%33.9%-26.9%31.5%71.8%
Sector2.8%32%-16%23.9%12.2%
Rank within sector2 / 31 / 11 / 11 / 11 / 1
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.
-4.59
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.
1.15
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.
0.05
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%.
21.14
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.
12.47
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.
-0.34
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.
0.64
Price movement
52 week high175
52 week low128
Current bid price163
Current offer price166
Current mid price164.5
Region
1North America24%
2China18.2%
3Latin America11.3%
4Europe ex UK11%
5UK9.1%
6India6.5%
7Eastern Europe5.1%
8Asia5%
9International4.2%
Industry sector
1Utilities38.9%
2Electricity Supply34.4%
3Alternative & Renewable Energy13.1%
4Oil & Gas10.9%
5Money Market2.7%
Asset type
1Commodity & Energy97.3%
2Money Market2.7%
Individual holdings
1OPG POWER VENTURE PLC6.1%
2BEIJING ENTERPRISE HLDGS5.5%
3SSE PLC5.4%
4FIRST TR MLP & ENERGY INCOME FD5.1%
5CHINA EVERBRIGHT INTERNATIONAL4.9%
6CIA DE SANEAMENTO DO PARANA4.9%
7HUANENG RENEWABLES CORP LTD4.6%
8PATTERN ENERGY GROUP INC 4% CNV BDS 15/07/20 USD1000 144A4%
9AVANGRID INC3.9%
Management
Fund manager group
Premier Asset Management
Fund manager company
Premier Fund Managers
Fund type
Investment Trust
Fund objective
The Company's investment objectives are to achieve a high income from its portfolio and to realise long term growth in the capital value of the portfolio. The Company will seek to achieve these objectives by investing principally in equity and equity related securities of companies operating in the utilities and infrastructure sectors. The Company may invest up to 15% in other investment companies provided that they themselves invest in utilities and infrastructure. Up to 15% of the portfolio can be invested in unquoted investments.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Claire Long01/04/2011Claire Long joined Premier Asset Management in 2008 and has over 12 years of investment experience covering utilities and UK smaller company investing. Claire joined Premier from Rothschild Asset Management and was previously at Foreign & Colonial. Claire graduated from the University of Oxford with a MA in Modern History.
James Smith01/06/2012James Smith joined Premier Asset Management in 2012 and is the fund manager of the Premier Global Utilities Income Fund and Premier Energy & Water Trust, assisted by Claire Long. James joined Premier from Utilico, where he spent 14 years specialising in the global utilities, transportation infrastructure and renewable energy sectors. James is a Chartered Accountant and Barrister.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Premier Energy&Water Trust Securities PLC 2020 ZDP 1P
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 price104.06
CurrencyGBX
Price updated08/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJOD
Premier Energy&Water Trust Securities PLC 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 price172.25
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNLRU
Premier Energy&Water Trust Securities PLC Ord NAV
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 price193.34
CurrencyGBX
Price updated30/10/2013
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG4D4
Premier Energy&Water Trust Securities PLC ZDP 1P
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price218
Offer price220.75
Mid price219.375
CurrencyGBX
Price updated29/12/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeP949
Premier Energy&Water Trust Securities PLC ZDP 1P NAV
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 price193.34
CurrencyGBX
Price updated30/10/2013
Type-
Institutional or retail classRetail
Domicile-
Citi codeG4D5
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