Fact sheet: The CtyofLdn IT

Fund information
Fund name
The City of London Investment Trust Ord
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund manager
  • Job Curtissince 01/01/1991
Accolades
Fund objective
The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance of dividend income to shareholders.
Benchmark
  • AIC UK Growth & Income Sector
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.2%
1 Year rank in sector
10/24
Sector
IT UK Equity Income
Yield
4.1%
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.
0.45%
Fund size
£1,320m
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.
80
Mid price
394.6
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.
377.9
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.
+3.81
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.
106
Top in this sector
Fund name1 Year
Tmpl Br IT PLC18.6%
Dudn Inc Gth IT PLC13.3%
Murray Inc Tst PLC13.1%
F&C Cap & Inc IT PLC12.3%
Shires Income plc11%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK90.5%
    USA4.4%
    Switzerland3.1%
    Germany2.3%
    Netherlands2.2%
  • Financials24.8%
    Consumer Goods20.9%
    Consumer Services13.7%
    Industrials9.7%
    Utilities8%
  • UK Equities90.5%
    US Equities4.4%
    Swiss Equities3.1%
    German Equities2.3%
    Dutch Equities2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-3.3%4.9%8.2%21.4%73.3%
Sector2.1%-0.3%5.8%5%13.9%75.4%
Rank within sector18 / 2416 / 2415 / 2410 / 247 / 2414 / 24
Quartile3rd3rd3rd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.3%6.1%4.4%24.1%16.6%
Sector3.9%3.8%3%29.8%20%
Rank within sector9 / 2411 / 2413 / 2416 / 2414 / 24
Quartile2nd2nd3rd3rd3rd
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.
0.98
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.
1.12
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.
0.21
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%.
9.39
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.
3.86
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.
0.35
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.
0.84
Price movement
52 week high415
52 week low341.5
Current bid price394.5
Current offer price394.7
Current mid price394.6
Region
1UK90.54%
2USA4.36%
3Switzerland3.11%
4Germany2.28%
5Netherlands2.18%
6Hong Kong0.83%
7France0.52%
8Money Market-3.82%
Industry sector
1Financials24.82%
2Consumer Goods20.9%
3Consumer Services13.68%
4Industrials9.74%
5Utilities7.96%
6Oil & Gas7.68%
7Telecommunications7.33%
8Health Care6.36%
9Basic Materials4.01%
Asset type
1UK Equities90.54%
2US Equities4.36%
3Swiss Equities3.11%
4German Equities2.28%
5Dutch Equities2.18%
6Hong Kong Equities0.83%
7French Equities0.52%
8Money Market-3.82%
Individual holdings
1BRITISH AMERICAN TOBACCO4.9%
2ROYAL DUTCH SHELL4.5%
3HSBC HLDGS4.2%
4VODAFONE GROUP3%
5BP2.9%
6DIAGEO2.8%
7NATIONAL GRID2.3%
8UNILEVER2.3%
9IMPERIAL TOBACCO GROUP PLC2.1%
Management
Fund manager group
Henderson Global Investors
Fund manager company
Henderson Global Investors Ltd
Fund type
Investment Trust
Fund objective
The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance of dividend income to shareholders.
Benchmark
  • AIC UK Growth & Income Sector
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Job Curtis01/01/1991Job Curtis co-manages the Henderson Global Dividend Income Fund as well as the Henderson Global Equity Income Fund, a US-registered fund, and is Head of Value and Income at Henderson. He joined Henderson Global Investors in 1987 via Touche Remnant and has more than 24 years of investment management experience. Prior to joining Henderson he was an assistant fund manager at Cornhill Insurance. He has managed the City of London Investment Trust for the past 18 years and delivered consecutive increases in the trust’s distribution over this time. Job has a BA (Hons) in Philosophy, Politics and Economics from Oxford University and is an Associate Member of the Society of Investment Professionals (ASIP).
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
The City of London Investment Trust 10 1/4% Deb Stk 2020
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price126.25
Offer price131
Mid price128.625
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI9IX
The City of London Investment Trust 4.2%Cum 1St Prf Stk
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 price87.96
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code01JN
The City of London Investment Trust 4.2%Non-Cum 2Nd Prf Stk 1
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 price95
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code01JO
The City of London Investment Trust 8 1/2% Deb Stk 2021
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price121
Offer price126
Mid price123.5
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI9JB
The City of London Investment Trust NAV
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price387.4
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeTU13
The City of London Investment Trust 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 price389.7
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJFD
Data provided by

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