Fact sheet: UK Mortgages Ltd

Fund information
Fund name
UK Mortgages Ltd Ord
Fund manager company
TwentyFour Asset Management LL
Fund type
Investment Trust
Fund managers
  • Ben Haywardsince 06/07/2015
  • Silvia Pivasince 06/07/2015
  • Douglas Charlestonsince 06/07/2015
Fund objective
The Fund aims to provide Shareholders with stable income returns through low leveraged exposure to portfolios of loans secured against UK residential property.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-4.1%
1 Year rank in sector
19/21
Sector
IT Debt
Yield
4.8%
Fund size
£236m
Mid price
94.5
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.
93.46
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.
+0.85
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 Ltd610.3%
Volta Finance Limited15.9%
Fair Oaks Income Fund Ltd12.1%
Blackstone/GSO Loan Fin Ltd11.6%
Carador Income PLC8.8%
...more in IT Debt

Performance snapshot

Holdings snapshot

  • Outer London54.1%
    South East UK16.6%
    Eastern UK9%
    South West UK7.5%
    Midlands6.7%
  • No data available.
  • UK Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-1.3%-2.1%-4.1%--
Sector-1.4%1.1%8.1%8.7%9%13%
Rank within sector20 / 2421 / 2420 / 2219 / 21--
Quartile4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-2.1%----
Sector9.1%-2.6%2.4%9.2%-4.2%
Rank within sector20 / 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 high102.63
52 week low91
Current bid price93.5
Current offer price95.5
Current mid price94.5
Region
1Outer London54.06%
2South East UK16.59%
3Eastern UK8.99%
4South West UK7.52%
5Midlands6.67%
6Yorkshire & Humberside2.31%
7North West UK2.3%
8Wales0.96%
9Northern UK0.6%
Industry sector
No data available.
Asset type
1UK Fixed Interest100%
Individual holdings
No data available.
Management
Fund manager group
TwentyFour
Fund manager company
TwentyFour Asset Management LL
Fund type
Investment Trust
Fund objective
The Fund aims to provide Shareholders with stable income returns through low leveraged exposure to portfolios of loans secured against UK residential property.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ben Hayward06/07/2015Partner with 18 years' structured finance experience, previous senior fund manager to four portfolios at Citi Alternative
Silvia Piva06/07/2015
Douglas Charleston06/07/2015Portfolio Manager with 9 years' experience. Previous roles include a structurer at Lloyds and ratings analyst at S&P
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Luxembourg, Offshore
UK Mortgages Ltd C
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMORQ
UK Mortgages Ltd 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 price93.46
CurrencyGBX
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNLQI
Data provided by

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