Fact sheet: TheEqInc TstForChrt

Fund information
Fund name
The Equity Income Trust For Charities A Inc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund manager
  • Matt Hudsonsince 02/12/2002
Fund objective
The Equity Income Trust for Charities aims to provide a portfolio yield in excess of the FTSE All Share Index, targeting a premium of 30 per cent., through investing predominately in UK equities. The income provision will be the primary objective. The Trust's secondary target is to provide capital growth in order that its total return exceeds that of the FTSE All Share Index over rolling five-year periods.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
1.7%
1 Year rank in sector
213/277
Sector
UT UK All Companies
Yield
5.1%
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.
0.62%
Fund size
£330m (£367m 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.
88
Bid price
87.99
Offer price
88.25
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry44%
Schroder Recovery20.2%
UBS UK Opportunities19.9%
Charity Equity18.1%
R&M UK Equity Long Term Recovery17.8%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK96.5%
    Money Market3.5%
  • Financials31.9%
    Oil & Gas12.1%
    Health Care9.1%
    Industrials8.5%
    Consumer Services8%
  • International Equities96.5%
    Money Market3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-1.4%5.6%1.7%9.6%62.9%
Sector-0.5%0.5%7.6%6.1%14%60.7%
Rank within sector170 / 284171 / 283164 / 280213 / 277209 / 263123 / 250
Quartile3rd3rd3rd4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.6%3.1%1%27.1%18.7%
Sector7%3.7%0.6%25.7%14.8%
Rank within sector183 / 278145 / 269116 / 264115 / 25776 / 251
Quartile3rd3rd2nd2nd2nd
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.
-3.91
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.
1.35
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.
0.03
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%.
9.62
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.
6.04
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.
0.64
Price movement
52 week high93.64
52 week low78.01
Current bid price87.99
Current offer price88.25
Current mid price-
Region
1UK96.5%
2Money Market3.5%
Industry sector
1Financials31.92%
2Oil & Gas12.09%
3Health Care9.06%
4Industrials8.54%
5Consumer Services8.03%
6Telecommunications7.73%
7Utilities6.84%
8Consumer Goods5.04%
9Basic Materials4.86%
Asset type
1International Equities96.5%
2Money Market3.5%
Individual holdings
1HSBC HLDGS7.89%
2ROYAL DUTCH SHELL6.2%
3BP5.89%
4GLAXOSMITHKLINE5.24%
5VODAFONE GROUP PLC4.85%
6NATIONAL GRID3.65%
7RIO TINTO3.41%
8LLOYDS BANKING GROUP PLC3.4%
9ASTRAZENECA PLC3.23%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The Equity Income Trust for Charities aims to provide a portfolio yield in excess of the FTSE All Share Index, targeting a premium of 30 per cent., through investing predominately in UK equities. The income provision will be the primary objective. The Trust's secondary target is to provide capital growth in order that its total return exceeds that of the FTSE All Share Index over rolling five-year periods.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Fund manager
NameSinceBiography
Matt Hudson02/12/2002Matt Hudson is a member of the Cazenove Capital Pan-European Equity team at Schroders, with responsibility for equity income portfolios. Matt manages the Cazenove UK Equity Income Fund and the Equity Income Trust for Charities, a UK authorised Common Investment Fund. Matt joined Cazenove Capital in 2001 from AIB Govett Investment Management. Prior to this he was a chartered accountant at PriceWaterhouseCoopers. Matt graduated from Cambridge University with a degree in History. He has 14 years of investment experience.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
The Equity Income Trust For Charities A Acc
Initial charge-
Annual charge0.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price102.8
Offer price103.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM3WV
The Equity Income Trust For Charities A Inc
Initial charge-
Annual charge0.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.65%
Bid price87.99
Offer price88.25
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKR35
The Equity Income Trust For Charities S Acc
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.38%
Total expense ratio (TER)-
Bid price103.1
Offer price103.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUGH
Data provided by

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