Fact sheet: Practical Investment

Fund information
Fund name
Practical Investment Acc
Fund manager company
Consistent Unit Tst Mgt Co Ltd
Fund type
Unit Trust
Fund managers
  • Sean Ashfieldsince 11/09/2009
Accolades
 Winner - Mixed Investment 40-85%
Fund objective
This Fund is designed to provide investors with above average capital growth and increasing income from investments in a wide spread of UK and dollar denominated investment trusts, ordinary shares and other selected investments.
Benchmark
  • FTSE All Share TR
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
24.6%
1 Year rank in sector
34/267
Sector
UT Mixed Investment 40-85% Shares
Yield
2.9%
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.
1.16%
Fund size
£46m (£64m 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.
63
Bid price
1217
Offer price
1299
Top in this sector
Fund name1 Year
HSBC Wld Seltn Advntr Pfl32.3%
Orbis Gbl Bal31.6%
SVS TPI Aggressive 131.4%
S&W Acacia31.1%
S&W Pityoulish30.8%
...more in UT Mixed Investment 40-85% Shares

Performance snapshot

Holdings snapshot

  • UK89%
    Not Specified8%
    Canada2%
    Net Current Assets1.1%
  • Investment Trusts86%
    Unit Trusts5.9%
    UK Fixed Interest2.9%
    Investment Companies2.1%
    Canadian Fixed Interest2%
  • Others94%
    UK Fixed Interest2.9%
    Canadian Fixed Interest2%
    Money Market1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.4%6.2%14.7%24.6%25.9%83.9%
Sector1.6%1.9%7.7%19.3%26.4%56.5%
Rank within sector12 / 2824 / 2793 / 27534 / 267147 / 24110 / 208
Quartile1st1st1st1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund10.9%10.2%2.3%3.8%24.6%
Sector4.6%13.3%2.2%5%13.5%
Rank within sector2 / 276208 / 260137 / 246192 / 2373 / 222
Quartile1st4th3rd4th1st
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.
0.63
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.
0.87
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.
0.54
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%.
7.35
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.
4.27
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.
-0.09
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.
0.67
Price movement
52 week high1221
52 week low949.16
Current bid price1217
Current offer price1299
Current mid price-
Region
1UK88.95%
2Not Specified7.96%
3Canada2.03%
4Net Current Assets1.06%
Industry sector
1Investment Trusts86.04%
2Unit Trusts5.91%
3UK Fixed Interest2.91%
4Investment Companies2.05%
5Canadian Fixed Interest2.03%
6Net Current Assets1.06%
Asset type
1Others94%
2UK Fixed Interest2.91%
3Canadian Fixed Interest2.03%
4Money Market1.06%
Individual holdings
1London & St Lawrence Investment Co Plc Ordinary 5p8.55%
2DUNEDIN INCOME GRP ORDGBP4.61%
3THE MERCHANTS TRUST4.51%
4TEMPLE BAR INVESTMENT TRUST PLC4.27%
5ABERFORTH GEARED INCOME TRUST PLC ORD 1P4.19%
6HENDERSON FAR EAST INCOME TRUST4.03%
7EDINBURGH INVESTMENT TRUST4%
8JOHN LAING INFRASTRUCTURE FUND LTD ORD GBP0.00014%
9JPMORGAN INCOME & GROWTH INVESTMENT TRUST €“ INCOME SHARES3.98%
Management
Fund manager group
Consistent Unit Tst Mgt Co
Fund manager company
Consistent Unit Tst Mgt Co Ltd
Fund type
Unit Trust
Fund objective
This Fund is designed to provide investors with above average capital growth and increasing income from investments in a wide spread of UK and dollar denominated investment trusts, ordinary shares and other selected investments.
Benchmark
  • FTSE All Share TR
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Sean Ashfield11/09/2009Sean Ashfield has been Investment Manager for Practical Investment Fund and Consistent Unit Trust for a number of years. He has been a Director of Consistent Unit Trust Management Company Ltd since 2005. He is also a Director of London & St Lawrence Investment Company plc and an Investment Manager at Charles Stanley & Co., Stockbrokers.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Practical Investment Acc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.11%
Bid price1217
Offer price1299
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOP08
Practical Investment Inc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.11%
Bid price238
Offer price254
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeOP09
Data provided by

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