Fact sheet: The SME Loan Fund Plc

Fund information
Fund name
The SME Loan Fund Plc ORD 1P
Fund manager company
Amberton Asset Management Ltd
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
To provide Shareholders with attractive risk adjusted returns through investment, principally via the Investee Platforms, in a range of SME loan assets, diversified by way of asset class, geography and duration. The Company may invest directly or indirectly into available opportunities, including by making investments in, or acquiring interests held by, third party alternative lending Platforms and other lending related opportunities as identified by the Manager in accordance with the Company's investment policy. The Company intends to achieve its investment objective by investing in a range of loans originated principally through the Investee Platforms in which GLIF holds strategic equity investments. The Company may also make investments through other third party alternative lending Platforms that present suitable investment opportunities identified by the Manager.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.8%
1 Year rank in sector
17/21
Sector
IT Debt
Yield
7.2%
Fund size
£99m
Mid price
94
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.
101.24
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.
-7.15
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
Duet Real Estate Fin Ltd575.4%
Volta Finance Limited17.3%
Fair Oaks Income Fund Ltd12.2%
Blackstone/GSO Loan Fin Ltd10.8%
NB GlbRateIncFdLtd9.1%
...more in IT Debt

Performance snapshot

Holdings snapshot

  • UK53.5%
    International19.3%
    USA19.2%
    Europe8%
  • Short dated bonds37.8%
    Very short dated bonds32.4%
    Medium dated bonds29.8%
  • UK Fixed Interest53.5%
    Global Fixed Interest19.3%
    US Fixed Interest19.2%
    European Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%0.2%3.1%-0.8%--
Sector-2.1%1.2%8%9.2%8.4%12.6%
Rank within sector19 / 2415 / 2417 / 2217 / 21--
Quartile4th3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.6%----
Sector9%-2.6%2.4%9.2%-4.2%
Rank within sector19 / 22----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high102
52 week low89
Current bid price93.5
Current offer price94.5
Current mid price94
Region
1UK53.5%
2International19.3%
3USA19.2%
4Europe8%
Industry sector
1Short dated bonds37.8%
2Very short dated bonds32.4%
3Medium dated bonds29.8%
Asset type
1UK Fixed Interest53.5%
2Global Fixed Interest19.3%
3US Fixed Interest19.2%
4European Fixed Interest8%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Amberton Asset Management Ltd
Fund type
Investment Trust
Fund objective
To provide Shareholders with attractive risk adjusted returns through investment, principally via the Investee Platforms, in a range of SME loan assets, diversified by way of asset class, geography and duration. The Company may invest directly or indirectly into available opportunities, including by making investments in, or acquiring interests held by, third party alternative lending Platforms and other lending related opportunities as identified by the Manager in accordance with the Company's investment policy. The Company intends to achieve its investment objective by investing in a range of loans originated principally through the Investee Platforms in which GLIF holds strategic equity investments. The Company may also make investments through other third party alternative lending Platforms that present suitable investment opportunities identified by the Manager.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
The SME Loan Fund Plc ORD 1P
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 price101.24
CurrencyGBX
Price updated31/10/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNLPI
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.