Fact sheet: Trojan Income

Fund information
Fund name
Trojan Income O Acc
Fund manager company
Troy Asset Management Ltd
Fund type
OEIC
Fund managers
  • Francis Brookesince 29/09/2004
  • Hugo Uresince 31/08/2011
Accolades
 Highly Commended - UK Equity Income
Fund objective
The investment objective of the Trojan Income Fund is to provide an above average income with the potential for capital growth in the medium term. The policy is to invest substantially in UK and overseas equities and fixed interest securities but the Fund may also invest in collective investment schemes and money market instruments. Any comparisons against indices are for illustrative purposes only.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3.4%
1 Year rank in sector
43/91
Sector
UT UK Equity Income
Yield
-
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.
1.02%
Fund size
£3,077m (£2,398m 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.
77
Mid price
290.44
Top in this sector
Fund name1 Year
UBS UK Equity Income23.8%
Scot Wid Fdmtl Index UK Equity18.1%
SVS Church House DeepValInvts15.5%
SJP UK Growth13.7%
Jupiter Income Trust13.5%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK93%
    Money Market7%
  • Consumer Goods22%
    Financials22%
    Utilities13%
    Consumer Services8%
    Health Care7%
  • UK Equities93%
    Money Market7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.9%-5.2%1.9%3.4%29.2%67.2%
Sector-2%-1.7%4.8%3.4%14.4%59.6%
Rank within sector93 / 9688 / 9674 / 9643 / 911 / 8230 / 77
Quartile4th4th4th2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.9%10.7%10%20.2%9.9%
Sector4.1%4.9%2.8%24.8%13.5%
Rank within sector46 / 9216 / 872 / 8364 / 7963 / 78
Quartile2nd1st1st4th4th
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.
5.55
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.
0.82
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.
0.84
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%.
8.34
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.
4.54
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.
0.98
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.
0.74
Price movement
52 week high313.88
52 week low260.7
Current bid price-
Current offer price-
Current mid price290.44
Region
1UK93%
2Money Market7%
Industry sector
1Consumer Goods22%
2Financials22%
3Utilities13%
4Consumer Services8%
5Health Care7%
6Money Market7%
7Oil & Gas7%
8Industrials6%
9Telecommunications6%
Asset type
1UK Equities93%
2Money Market7%
Individual holdings
1UNILEVER4.5%
2ROYAL DUTCH SHELL4.1%
3GLAXOSMITHKLINE PLC3.6%
4IMPERIAL TOBACCO GROUP PLC3.6%
5COMPASS GROUP PLC3.4%
6ROYAL MAIL PLC3.4%
7ASTRAZENECA PLC3.3%
8VODAFONE GROUP3.3%
9BP PLC3.2%
Management
Fund manager group
Troy Asset Management
Fund manager company
Troy Asset Management Ltd
Fund type
OEIC
Fund objective
The investment objective of the Trojan Income Fund is to provide an above average income with the potential for capital growth in the medium term. The policy is to invest substantially in UK and overseas equities and fixed interest securities but the Fund may also invest in collective investment schemes and money market instruments. Any comparisons against indices are for illustrative purposes only.
Benchmark
  • FTSE All Share
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Francis Brooke29/09/2004Before joining Troy Asset Management in 2004, Francis was a Director at Merrill Lynch Investment Managers, where he was responsible for over £1 billion of UK Equities. He was also a member of Merrill's Asset Allocation and Sector Strategy Committees. Francis was previously employed at Foreign & Colonial Management Ltd, where he was appointed Director in 1995, and at Kleinwort Benson Securities, where he began his career in 1986, after graduating from Edinburgh University.
Hugo Ure31/08/2011Hugo joined Troy Asset Management in 2009. Before moving to Troy he was an equity analyst at Kleinwort Benson, a role he enjoyed for 3 years after a short period as part of the portfolio management team. Hugo previously spent four years serving as an officer in the Scots Guards after passing out of the Royal Military Academy Sandhurst in 2000. Hugo graduated from Oxford University in 1999; he is a CFA Charterholder and has completed his Securities and Investment diploma.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Trojan Income I Acc
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price281.06
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQM88
Trojan Income I Inc
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price167.73
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQM89
Trojan Income O Acc
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price290.44
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQM33
Trojan Income O Inc
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price177.16
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQM34
Trojan Income S Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price293.24
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQM91
Trojan Income S Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price182.71
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQM90
Data provided by

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