Fact sheet: Woodford PatientCapTrt

Fund information
Fund name
Woodford Patient Capital Trust PLC ORD 1P
Fund manager company
Woodford Investment Management
Fund type
Investment Trust
Fund managers
  • Saku Sahasince 20/04/2015
  • Stephen Lamacraftsince 20/04/2015
  • Neil Woodfordsince 20/04/2015
  • Paul Lamacraftsince 20/04/2015
Fund objective
To achieve long-term capital growth through investing in a portfolio consisting predominantly of UK companies, both quoted and unquoted. The Company will aim to deliver a return in excess of 10% per annum over the longer term.
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-11.5%
1 Year rank in sector
17/17
Sector
IT UK All Companies
Yield
0.2%
Fund size
£751m
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.
140
Mid price
90.85
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.
93.29
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.
-2.13
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
Manchester & London IT plc16%
Aurora Investment Trust plc11.9%
Crystal Amber10.9%
Columbia Thrdnedle UK Sel Tst8.9%
Abrden UK Tkr Tst plc8%
...more in IT UK All Companies

Performance snapshot

Holdings snapshot

  • UK72.1%
    USA19.4%
    Norway3.5%
    Ireland3.4%
    Switzerland1.5%
  • Health Care61.9%
    Financials15%
    Industrials9%
    Technology5.7%
    Consumer Services3.6%
  • UK Equities72.1%
    US Equities19.4%
    Norwegian Equities3.5%
    Irish Equities3.4%
    Swiss Equities1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%-2.7%-6%-11.5%--
Sector0.4%0%3.6%0.1%9.1%69.8%
Rank within sector3 / 1714 / 1715 / 1717 / 17--
Quartile1st4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-9.9%----
Sector-0.1%9.1%-1.7%31.3%20.3%
Rank within sector14 / 17----
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 high101.5
52 week low81
Current bid price90.3
Current offer price90.95
Current mid price90.85
Region
1UK72.12%
2USA19.42%
3Norway3.52%
4Ireland3.44%
5Switzerland1.5%
Industry sector
1Health Care61.86%
2Financials15%
3Industrials9.03%
4Technology5.65%
5Consumer Services3.62%
6Consumer Goods2.55%
7Telecommunications1.83%
8Basic Materials0.46%
Asset type
1UK Equities72.12%
2US Equities19.42%
3Norwegian Equities3.52%
4Irish Equities3.44%
5Swiss Equities1.5%
Individual holdings
1PROTHENA CORP PLC16.27%
2IMMUNOCORE A5.48%
3THERAVANCE BIOPHARMA INC5.29%
4OXFORD NANOPORE4.98%
5MEREO BIOPHARMA GROUP LTD4.07%
6PROTON PARTNERS INTERNATIONAL3.75%
74D PHARMA PLC3.48%
8PURPLEBRICKS GROUP PLC3.47%
9MALIN CORP PLC3.13%
Management
Fund manager group
No data available.
Fund manager company
Woodford Investment Management
Fund type
Investment Trust
Fund objective
To achieve long-term capital growth through investing in a portfolio consisting predominantly of UK companies, both quoted and unquoted. The Company will aim to deliver a return in excess of 10% per annum over the longer term.
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Saku Saha20/04/2015Saku’s previous role was as Analyst and Investment Director for the Invesco Perpetual UK Equities team. In this role, he was responsible for analysing investment opportunities and assisting Neil Woodford with a specific focus on early-stage and early-growth companies. His many years at a senior level in the British Army, stationed at home and abroad, have equipped him with exceptional discipline and rigour in his analysis and interpretation of market intelligence.
Stephen Lamacraft20/04/2015For the 6 years prior to joining Woodford Investment Management, Stephen made his mark at Invesco Perpetual as a UK Fund Manager. Responsible for £120m of assets, his strategy focused on fundamental analysis, an approach inspired by his mentor and colleague, Neil Woodford. An intensely competitive addition to the Woodford team, Stephen is highly focused on performance and has a naturally challenging mind that endeavours to enhance the business’ collective understanding of investment opportunities. He has a particular focus on the mature, blue-chip elements of the portfolios.
Neil Woodford20/04/2015Neil began his career with the Dominion Insurance Company having graduated with a degree in Economics and Agricultural Economics from the University of Exeter in 1981. He pursued postgraduate studies in Finance at the London Business School during the mid-1980s before joining Eagle Star as a fund manager in 1987. In 1988, Neil moved to Henley-based fund manager Perpetual (now Invesco Perpetual), where he forged a formidable reputation running two of the UK’s biggest and most successful retail funds – Invesco Perpetual Income and Invesco Perpetual High Income. In April 2014, Neil left Invesco Perpetual to set up Woodford Investment Management LLP, where he is Head of Investment. He is the lead fund manager on the firm’s flagship retail fund the £8.54bn CF Woodford Equity Income fund, which raised a record £1.6bn during a two-and-a-half week launch offer period in June 2014. He also manages Woodford Patient Capital Trust, the £800m investment trust launched in April 2015 that invests predominantly in early-stage and early-growth businesses. Neil was appointed Commander of the Order of the British Empire (CBE) for services to the economy in the 2013 Queen’s Birthday Honours.
Paul Lamacraft20/04/2015An experienced finance industry professional, Paul began his career at Ernst and Young and his most recent role, prior to joining Woodford, was as a fund manager on the UK Equities team at Invesco Perpetual. His private equity and corporate finance background provide our team with invaluable expertise. Paul is focused on comprehensive and diligent analysis of fundamentals to deliver positive long-term outcomes and has a particular specialism in the early-stage and early-growth components of the portfolios.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Woodford Patient Capital Trust 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 price92.95
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJDP
Data provided by

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