Fact sheet: ChvSmCos DvTstplc

Fund information
Fund name
Chelverton Small Companies Dividend Trust plc Ordinary Shares
Fund manager company
Chelverton Asset Mgmt Ltd
Fund type
Investment Trust
Fund managers
  • David Taylorsince 28/02/2006
  • David Hornersince 11/05/1999
Fund objective
The investment objective of the Company is to provide Ordinary shareholders with a high income and opportunity for capital growth. The Trust’s funds will be invested principally in companies with a market capitalisation of up to £500 million; a maximum of 20 per cent of the Group’s portfolio may be invested in companies without reference to their market capitalisation at the discretion of the Investment Manager. The Trust’s portfolio will comprise companies listed on the Official List and companies admitted to trading on AIM. The Trust will not invest in preference shares, loan stock or notes, convertible securities or fixed interest securities or any similar securities convertible into shares. The Trust will not invest in other investment trusts or unquoted companies.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
None
Investment method
Shares
Quick stats
1 Year return
34.4%
1 Year rank in sector
1/25
Sector
IT UK Equity Income
Yield
3.1%
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.
1.93%
Fund size
£48m
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.
138
Mid price
267.5
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.
262.93
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.
+1.74
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.
125
Top in this sector
Fund name1 Year
ChvSmCos DvTstplc34.4%
Shires Income plc32.7%
Std Life Eq In Tst29.4%
JPMorganClaverhITplc25.1%
F&C Cap & Inc IT PLC20.7%
...more in IT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK98.9%
    Money Market1.2%
  • Financials18%
    Support Services13.9%
    Building & Construction11%
    Retailers - General8.4%
    Industrials5.3%
  • UK Equities98.9%
    Money Market1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%-0%10.7%34.4%91.7%203.2%
Sector0.8%1.9%3.6%14.6%24.8%60.4%
Rank within sector12 / 2519 / 254 / 251 / 251 / 251 / 25
Quartile2nd4th1st1st1st1st
Calendar performance
 YTD - 20182017201620152014
Fund1.9%27.6%13.8%29.4%-4.2%
Sector-0.1%14%6.9%3.8%3%
Rank within sector6 / 252 / 252 / 251 / 2523 / 25
Quartile1st1st1st1st4th
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.
14.78
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.
1.03
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.
1.35
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%.
14.76
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.
12.31
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.
1.15
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.
0.3
Price movement
52 week high270.25
52 week low208
Current bid price263
Current offer price272
Current mid price267.5
Region
1UK98.85%
2Money Market1.15%
Industry sector
1Financials18.02%
2Support Services13.91%
3Building & Construction11.01%
4Retailers - General8.43%
5Industrials5.3%
6Electronic & Electrical Equipment4.69%
7Technology4.51%
8Media4.33%
9Real Estate3.97%
Asset type
1UK Equities98.85%
2Money Market1.15%
Individual holdings
1DIVERSIFIED GAS & OIL PLC2.84%
2JARVIS SECURITIES2.32%
3ACAL ORD GBP0.052.26%
4STATPRO GROUP ORD GBP0.012.26%
5ALUMASC GROUP PLC2.15%
6MCCOLL`S RETAIL GROUP PLC2.15%
7GALLIFORD TRY PLC2.02%
8PERSONAL GROUP HLDORD GBP2.02%
9BELVOIR LETTINGS PLC ORD 1P1.95%
Management
Fund manager group
Chelverton Asset Mgmt
Fund manager company
Chelverton Asset Mgmt Ltd
Fund type
Investment Trust
Fund objective
The investment objective of the Company is to provide Ordinary shareholders with a high income and opportunity for capital growth. The Trust’s funds will be invested principally in companies with a market capitalisation of up to £500 million; a maximum of 20 per cent of the Group’s portfolio may be invested in companies without reference to their market capitalisation at the discretion of the Investment Manager. The Trust’s portfolio will comprise companies listed on the Official List and companies admitted to trading on AIM. The Trust will not invest in preference shares, loan stock or notes, convertible securities or fixed interest securities or any similar securities convertible into shares. The Trust will not invest in other investment trusts or unquoted companies.
Benchmark
  • FTSE Small Cap ex ITs
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
David Taylor28/02/2006David Taylor began his career as an analyst in the research department at Wedd Durlacher and moved into fund management in 1987 with the Merchant Navy Officers Pension Fund. He joined Gartmore Investment Limited in 1991, during this time, he ran a combination of institutional funds and investment trusts, namely the Clydesdale Investment Trust and London & Strathclyde Trust. In 1995, he moved to LGT to manage small cap retail funds and latterly spent nearly seven years as head of UK smaller companies at HSBC Asset Management. He joined Chelverton Asset Management in January 2006 and has comanaged the Chelverton UK Equity Income Fund since launch.
David Horner11/05/1999David Horner is qualified as a chartered accountant in 1984 with Deloitte before joining 3i Corporate Finance Limited in 1986. In May 1993 he joined Strand Partners Limited, and was appointed a director in January 1994, where he carried out a range of corporate finance assignments identifying, structuring and managing investments in quoted and unquoted companies. In June 1997 he left to set up Chelverton Asset Management Limited and, in May 1999, he launched the Small Companies Dividend Trust, which he still co-manages. He has also co-managed the Chelverton UK Equity Income Fund since launch. In 2013 he resigned his membership of the Institute of Chartered Accountants in England and Wales, as his career is now fully involved in fund management.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Chelverton Small Companies Dividend Trust plc C Shs
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price100
Offer price102
Mid price101
CurrencyGBX
Price updated22/01/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeOETY
Chelverton Small Companies Dividend Trust plc Ordinary Shares
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 price262.93
CurrencyGBX
Price updated19/01/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJGK
Chelverton Small Companies Dividend Trust plc SDV 2025 ZDP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price104
Offer price107
Mid price105.5
CurrencyGBX
Price updated22/01/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeOEPE
Data provided by

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