Fact sheet: Strategic Equity Capital plc

Fund information
Fund name
Strategic Equity Capital plc
Fund manager company
GVQ Investment Management
Fund type
Investment Trust
Fund managers
  • Jeff Harrissince 30/04/2014
  • Stuart Widdowsonsince 29/06/2009
Accolades
 Winner - UK Smaller Companies
Fund objective
Strategic Equity Capital plc (“SEC” or “Trust”) is a London-listed investment trust investing predominately in small cap UK equities. The Trust is not constrained by market indices and aims to maximise returns for investors over the medium term.
Benchmark
  • FTSE SmallCap ex IT (TR)
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
-16.4%
1 Year rank in sector
18/18
Sector
IT UK Smaller Companies
Yield
0.4%
Fund size
£129m
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.
154
Mid price
185
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.
210.64
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.
-11.99
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
Chelverton Growth Trust plc33%
Rights & Issues IT28.8%
Invesco Perp UK Sm Cos plc6.8%
River & Merc UK Micro Cap3.3%
Dunedin Sm Cos IT PLC-0.2%
...more in IT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK83%
    Money Market17%
  • Software23.8%
    Money Market17%
    Support Services13.7%
    Electronics11.2%
    Health Care8.7%
  • UK Equities83%
    Money Market17%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.4%-5.8%-12.6%-16.4%32.2%163.6%
Sector-3.1%-0.3%2.1%1.2%23.3%114%
Rank within sector16 / 1814 / 1818 / 1818 / 185 / 164 / 16
Quartile4th4th4th4th2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund-15.6%14.2%32.7%61.5%25.6%
Sector-1.3%25.3%-5.1%44.7%28.8%
Rank within sector18 / 1813 / 171 / 164 / 1614 / 16
Quartile4th4th1st1st4th
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.
2.93
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.
1.18
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.
0.4
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%.
20.4
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.
15.21
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.
0.2
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.
0.45
Price movement
52 week high224.5
52 week low169.5
Current bid price183.75
Current offer price187.5
Current mid price185
Region
1UK83%
2Money Market17%
Industry sector
1Software23.8%
2Money Market17%
3Support Services13.7%
4Electronics11.2%
5Health Care8.7%
6Media7.6%
7Financials7.5%
8Consumer Services4.4%
9Industrials3.2%
Asset type
1UK Equities83%
2Money Market17%
Individual holdings
1CLINIGEN GROUP PLC9.33%
2SERVELEC GROUP PLC8.24%
3WILMINGTON PLC8%
4EQUINITI GROUP PLC7.96%
5E2V TECHNOLOGIES7.78%
6TRIBAL GROUP7.26%
7EMIS GROUP PLC5.9%
84IMPRINT GROUP PLC5.85%
9IFG GROUP5.75%
Management
Fund manager group
SVG
Fund manager company
GVQ Investment Management
Fund type
Investment Trust
Fund objective
Strategic Equity Capital plc (“SEC” or “Trust”) is a London-listed investment trust investing predominately in small cap UK equities. The Trust is not constrained by market indices and aims to maximise returns for investors over the medium term.
Benchmark
  • FTSE SmallCap ex IT (TR)
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Jeff Harris30/04/2014Jeff joined GVQ Investment Management in 2012 as an Analyst. He was appointed Assistant Manager in May 2014. He fulfills this role for both GVQ’s Unconstrained and Strategic Funds. Prior to joining he worked at PricewaterhouseCoopers within the Transaction Services Team on a number of private equity and corporate transactions. Jeff holds the ACA qualification.
Stuart Widdowson29/06/2009Stuart joined GVO Investment Management in 2006 as an Investment Manager. Stuart’s main investment responsibility is the day to day management of our strategic mandates. Prior to joining, he spent five years working at HgCapital, most recently as an Associate Director where he advised on the origination, sourcing and deal execution of private equity opportunities. Previously Stuart was a strategy consultant advising private equity firms. He has a degree in Business Economics from Exeter University.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Strategic Equity Capital 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 price211.11
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJGJ
Data provided by

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