Fact sheet: Scottish Am Inv Co PLC

Fund information
Fund name
Scottish American Investment Company PLC
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund managers
  • Toby Rosssince 27/07/2016
  • James Dowsince 27/07/2016
  • Dominic Nearysince 14/02/2014
Accolades
Fund objective
The Trust aims to be a core investment for private investors seeking income. Its objective is to grow the dividend at a faster rate than inflation by increasing capital and growing income. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types.
Benchmark
  • FTSE All World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
23.7%
1 Year rank in sector
3/9
Sector
IT Global Equity Income
Yield
3.5%
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.
0.94%
Fund size
£416m
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.
108
Mid price
311.5
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.
294.62
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.
+5.73
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.
121
Top in this sector
Fund name1 Year
Murray Intl Tst PLC37.9%
Securities Trust Of Scotland24.7%
Scottish Am Inv Co PLC23.7%
Hndrsn Intl Inc Tst plc17.8%
Blue Planet Inv Tst PLC ORD 1P16.7%
...more in IT Global Equity Income

Performance snapshot

Holdings snapshot

  • Europe34.4%
    North America26.1%
    Not Specified16.8%
    Asia10.8%
    Australasia5.1%
  • No data available.
  • European Equities34.4%
    North American Equities26.1%
    Asia Pacific Equities15.9%
    Property11.5%
    Global Fixed Interest5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%6.1%16.5%23.7%37.3%78.5%
Sector0.2%2.9%14.3%18.4%25.6%75.1%
Rank within sector3 / 91 / 94 / 93 / 92 / 95 / 9
Quartile2nd1st2nd2nd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund23.7%9.2%1.6%18.3%13%
Sector19.6%1.7%2.4%23.2%16%
Rank within sector3 / 92 / 97 / 98 / 97 / 9
Quartile2nd1st4th4th4th
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.
2.65
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.
1.08
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.
0.59
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%.
12.7
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.
9.08
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.
0.31
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.
0.48
Price movement
52 week high318.75
52 week low230
Current bid price308.25
Current offer price311.5
Current mid price311.5
Region
1Europe34.4%
2North America26.1%
3Not Specified16.8%
4Asia10.8%
5Australasia5.1%
6South America3.4%
7Middle East/ Africa2.4%
8Money Market0.9%
9International0.1%
Industry sector
No data available.
Asset type
1European Equities34.4%
2North American Equities26.1%
3Asia Pacific Equities15.9%
4Property11.5%
5Global Fixed Interest5.3%
6American Emerging Equities3.4%
7Middle East & African Equities2.4%
8Money Market0.9%
9International Equities0.1%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING2.6%
2COCA COLA2.5%
3WPP PLC2.1%
4JOHNSON & JOHNSON2%
5PARTNERS GROUP HOLDING2%
6PROCTER & GAMBLE CO1.9%
7LINEAR TECHNOLOGY CORP1.8%
8REYNOLDS AMERICAN INC1.7%
9SONIC HEALTHCARE LTD1.7%
Management
Fund manager group
Baillie Gifford
Fund manager company
Baillie Gifford & Company
Fund type
Investment Trust
Fund objective
The Trust aims to be a core investment for private investors seeking income. Its objective is to grow the dividend at a faster rate than inflation by increasing capital and growing income. The focus of the portfolio is on global equities but investments are also made in bonds, property and other asset types.
Benchmark
  • FTSE All World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Toby Ross27/07/2016Toby graduated MA in English Literature from the University of Cambridge in June 2006 and joined Baillie Gifford in the same year. He spent some time as an Investment Analyst in the UK Equity Team before becoming a Global Sector Specialist. Toby is a CFA Charterholder.
James Dow27/07/2016James graduated MA (Hons) in Economics-Philosophy from the University of St Andrews in 2000, and an MSc in Development Studies at the London School of Economics in 2001. He spent three years working at The Scotsman newspaper, where he was the Economics Editor. James joined Baillie Gifford’s graduate scheme in 2004 and became an Investment Manager in our US Equities Team. He is a Global Sector Specialist and a CFA Charterholder.
Dominic Neary14/02/2014Dominic joined Baillie Gifford in 2009 and is Head of the Global Income Growth Team and Manager of The Scottish American Investment Company PLC (SAINTS). Before joining Baillie Gifford Dominic spent time both at Insight Investment, where he managed global equity portfolios in both long-only and market-neutral strategies, as well as at Stewart Ivory. Preceding his career in fund management, Dominic spent three years as a post-doctoral research fellow in quantitative genetics, following completion of a PhD in Statistics at the University of Reading in 1995. Prior to this he graduated MSc in Statistics in 1991 and BA in Mathematics in 1990, both from the University of Oxford.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Scottish American Investment Company 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 price306.82
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJFE
Data provided by

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