Fact sheet: Pacific Horizon IT PLC

Fund information
Fund name
Pacific Horizon IT PLC
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund managers
  • Ewan Markson Brownsince 18/03/2014
  • Roderick Snellsince 10/09/2013
Fund objective
The Trust aims to achieve capital growth through investment in the Asia Pacific region (excluding Japan) and the Indian Sub-continent.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
19%
1 Year rank in sector
14/15
Sector
IT Asia Pacific excluding Japan Equities
Yield
0.2%
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.
1.26%
Fund size
£110m
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.
142
Mid price
202
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.
227.35
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.
-10.71
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.
112
Top in this sector
Fund name1 Year
Fid Asn Values PLC37%
Aberdeen Asian Income29.8%
ScrdrAsnTtlRetnInvstCo29.6%
Schroder Oriental Inc28.8%
Invesco Asia Trust plc26.2%
...more in IT Asia Pacific excluding Japan Equities

Performance snapshot

Holdings snapshot

  • Hong Kong & China39%
    Korea27.3%
    Taiwan14.5%
    India13.1%
    Vietnam4.8%
  • No data available.
  • Asia Pacific Equities39%
    South Korean Equities27.3%
    Taiwanese Equities14.5%
    Indian Equities13.1%
    Asia Pacific Emerging Equities4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-7.1%-4%16.9%19%21.3%37%
Sector-3.8%-1.2%19%25.9%29.4%61.8%
Rank within sector14 / 1513 / 1511 / 1514 / 159 / 1514 / 15
Quartile4th4th3rd4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund16.9%-6.3%12.7%5.5%8.5%
Sector25%-6.1%11.7%1.3%23.8%
Rank within sector15 / 159 / 155 / 154 / 1515 / 15
Quartile4th3rd2nd2nd4th
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.
-2.55
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.
1.25
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.
0.2
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%.
21.12
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.
11.25
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.
-0.11
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.
0.75
Price movement
52 week high240
52 week low151
Current bid price202
Current offer price204
Current mid price202
Region
1Hong Kong & China39%
2Korea27.3%
3Taiwan14.5%
4India13.1%
5Vietnam4.8%
6Money Market0.7%
7Singapore0.6%
Industry sector
No data available.
Asset type
1Asia Pacific Equities39%
2South Korean Equities27.3%
3Taiwanese Equities14.5%
4Indian Equities13.1%
5Asia Pacific Emerging Equities4.8%
6Money Market0.7%
7Singapore Equities0.6%
Individual holdings
1TENCENT HLDGS LIMITED9.7%
2ALIBABA GROUP HLDG LTD5.8%
3NAVER CORP4.6%
4JD.COM4.2%
5BAIDU INC3.9%
6GEELY AUTOMOBILE HLDGS3.4%
7HON HAI PRECISION INDUSTRY3%
8SUNNY OPTICAL TECHNOLOGY GROUP3%
9VIETNAM ENTERPRISE INVESTMENTS LTD2.8%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund objective
The Trust aims to achieve capital growth through investment in the Asia Pacific region (excluding Japan) and the Indian Sub-continent.
Benchmark
  • MSCI AC Asia Pacific ex Japan
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ewan Markson Brown18/03/2014Ewan graduated MA in Politics, Philosophy and Economics from Oxford University in 2000. Prior to joining Baillie Gifford in 2013, he was a Senior Vice President in Emerging Markets at PIMCO. Ewan previously worked at Newton for five years most recently as lead portfolio manager on an Asian Pacific equity strategy, as well as segregated Asian income and Japanese equity strategies. He also previously worked for Merrill Lynch Investment Managers as a portfolio manager in the Asia-Pacific region for six years. Ewan is an Investment Manager in the Emerging Markets Equity Team.
Roderick Snell10/09/2013Roddy graduated BSc First Class Honours in Medical Biology from the University of Edinburgh in 2006. He joined Baillie Gifford in the same year and worked in the UK and European Equity Teams before joining the Emerging Markets Equity Team where he is an Investment Manager. Roddy has managed the Baillie Gifford Pacific Fund since 2010.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Pacific Horizon 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 price226.19
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJGS
Data provided by

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