Fact sheet: Value & Income Trust plc

Fund information
Fund name
Value & Income Trust plc
Fund manager company
OLIM
Fund type
Investment Trust
Fund managers
  • Simon Jaffesince 01/01/1981
  • Matthew Oakeshottsince 29/09/1986
  • Angela Lascellessince 29/09/1986
  • Andrew Impeysince 01/01/1981
Fund objective
The objective of the Fund is to achieve long term capital and income growth through investment primarily in UK equities and convertible securities, with an above average yield. The Fund may also invest from time to time in other securities, including UK government securities, other fixed interest securities and cash.
Benchmark
  • FTSE All Share Index
Investment style
Value
Investment method
No data available.
Quick stats
1 Year return
0.8%
1 Year rank in sector
13/24
Sector
IT UK Equity Income
Yield
5.5%
Fund size
£114m
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.
127
Mid price
249.5
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.
298.07
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.
-16.29
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.
133
Top in this sector
Fund name1 Year
Tmpl Br IT PLC11.7%
Chv Small Cos Div Tst plc8.3%
Murray Inc Tst PLC7.8%
Finsbury Growth & Inc Tst PLC6.3%
Shires Income plc6.3%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK98.3%
    Money Market1.7%
  • Consumer Services20.8%
    Industrials19.7%
    Financials16.7%
    Consumer Goods9.5%
    Telecommunications7.9%
  • UK Equities68.6%
    UK Property29.7%
    Money Market1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%1.6%14.4%0.8%5.1%67.7%
Sector0.4%-0.9%5.7%1.1%11.8%68.7%
Rank within sector16 / 249 / 241 / 2413 / 2419 / 2411 / 24
Quartile3rd2nd1st3rd4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.4%-3%2.8%47.6%8.3%
Sector2.2%3.8%3%29.8%20%
Rank within sector7 / 2419 / 2416 / 245 / 2424 / 24
Quartile2nd4th3rd1st4th
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.
0.52
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.
0.51
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
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%.
12.07
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.
11.95
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.
-0.16
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.
0.1
Price movement
52 week high268.75
52 week low219
Current bid price247
Current offer price252
Current mid price249.5
Region
1UK98.3%
2Money Market1.7%
Industry sector
1Consumer Services20.8%
2Industrials19.7%
3Financials16.7%
4Consumer Goods9.5%
5Telecommunications7.9%
6Utilities7.9%
7Basic Materials6.8%
8Oil & Gas6.5%
9Health Care4.2%
Asset type
1UK Equities68.6%
2UK Property29.7%
3Money Market1.7%
Individual holdings
No data available.
Management
Fund manager group
OLIM
Fund manager company
OLIM
Fund type
Investment Trust
Fund objective
The objective of the Fund is to achieve long term capital and income growth through investment primarily in UK equities and convertible securities, with an above average yield. The Fund may also invest from time to time in other securities, including UK government securities, other fixed interest securities and cash.
Benchmark
  • FTSE All Share Index
Investment style
Value
Investment method
No data available.
Fund managers
NameSinceBiography
Simon Jaffe01/01/1981Simon manages both equity and balanced portfolios at OLIM. He began his investment career as an equity analyst in 1995 before becoming a fund manager in 1998. He spent six years at F&C where he managed a range of UK and pan-European portfolios for institutional clients. Immediately before joining OLIM, Simon co-managed the £4bn UK value fund at Morley. Simon holds a BSc(Econ.) 1st class and an MSc(Econ.) both from the LSE as well as an MSc in Finance with a Distinction from the LBS. He holds the IIMR qualification and is a member of the CFA Institute
Matthew Oakeshott29/09/1986Matthew Oakshott founded OLIM in 1986 and the founder-director of OLIM Ltd, an independent company specialising in investment management of UK equities and commercial property for pension funds, charities and substantial private clients.
Angela Lascelles29/09/1986Angela Lascelles co-founded OLIM in 1986. She has been professionally engaged in investment since graduating in philosophy from London University. She has worked for both the Associated British Foods and Courtaulds Pension Funds. At the latter she managed the UK and Overseas bond portfolios and a major part of the UK equity portfolio. Since the formation of OLIM she has focussed on managing equity portfolios. She is also responsible for our bond holdings
Andrew Impey01/01/1981Andrew is responsible for managing both equity and balanced portfolios at OLIM. He has over twenty years experience as a fund manager and has managed a broad range of funds. Prior to joining OLIM in 2009, Andrew was Chief Investment Officer at Singer & Friedlander Investment Management. In addition to his CIO responsibilities, Andrew managed the charity portfolios. Earlier in his career Andrew worked at Dresdner RCM, River and Mercantile Investment Management and Strauss Turnbull & Co specialising in UK small and mid cap equities
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Value & Income Trust plc
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 price292.18
CurrencyGBX
Price updated31/10/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNNDZ
Data provided by

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