Fact sheet: F&C Global Smaller Companies IT

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
GLOBAL GROWTH
Sector
IT Global
Fund type
Investment Trust
Primary aim
GROWTH
Why Money Observer Rates F&C Global Smaller Companies IT

Rated Fund 2014-2017. Gaining exposure to the world's fastest-growing companies

A multiple Money Observer award winner, F&C Global Smaller Companies has a strong and consistent past performance record. Overseen by Peter Ewins, director of F&C's smaller company division, it is the UK's largest specialist global smaller companies investment trust. Ewins decides the trust's allocation strategy with support from other F&C managers.

Exposure is achieved both through direct investment and the use of external funds. Although most of the trust's returns come from capital growth and it has a yield of under 1 per cent, it has nevertheless built up an impressive 46-year record of annual dividend increases.

During 2016 the portfolio's exposure to North America rose to 45 per cent, mainly at the expense of its UK holdings, which fell to 25 per cent. The trust has a slightly lower-than-average weighting to Europe at 10 per cent but somewhat higher exposure to Japan at 8 per cent, with the remainder spread mainly across other Asian markets. It is highly diversified with nearly 200 holdings.

Ewins himself manages its UK portfolio, while F&C's other smaller company specialist managers are responsible for North American and continental Europe. Ewins also selects external managers to gain exposure to companies in areas where F&C lacks its own smaller company investment management resources, such as Japan, Asia, Latin America and Africa.

Its largest investments include funds such as Eastspring Investments Japan Smaller Companies, Aberdeen Global Japanese Smaller Companies and the investment trust Scottish Oriental Smaller Companies.

3 Year Performance
Fund Performance54.6%
Average of Rated Funds Group63.7%
Sector Performance57.9%
Fund information
Fund name
F&C Global Smaller Companies
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Investment Trust
Fund managers
  • Peter Ewinssince 31/07/2005
Accolades
Highly Commended - Best Global Trust
Fund objective
To secure a high total return by investing in smaller companies worldwide.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.3%
1 Year rank in sector
17/23
Sector
IT Global
Yield
0.9%
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.
0.84%
Fund size
£793m
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.
108
Mid price
1356
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.
1341.29
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.
+1.10
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.
105
Top in this sector
Fund name1 Year
Independent Investment Trust75.9%
Sct Mtg IT PLC46.7%
Monks IT PLC46.3%
Edinburgh Worldwide IT PLC45.4%
Lazard World Trust36.7%
...more in IT Global

Performance snapshot

Holdings snapshot

  • North America38.6%
    UK27.5%
    Continental Europe12.6%
    International11.4%
    Japan8.7%
  • No data available.
  • North American Equities38.6%
    UK Equities27.5%
    European Equities12.6%
    International Equities11.4%
    Japanese Equities8.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%3.3%6.3%17.3%54.6%133.7%
Sector1%5.2%10.7%26.5%57.9%111%
Rank within sector19 / 2317 / 2317 / 2317 / 2312 / 237 / 23
Quartile4th3rd3rd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund10.5%25.8%10.9%7.8%31.1%
Sector21.1%21.1%6.8%7.4%21%
Rank within sector18 / 238 / 238 / 2313 / 237 / 23
Quartile4th2nd2nd3rd2nd
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.
2.62
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.
1.42
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%.
9.13
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.
5.92
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.
-0.06
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.
0.6
Price movement
52 week high1391
52 week low1167
Current bid price1347
Current offer price1356
Current mid price1356
Region
1North America38.6%
2UK27.5%
3Continental Europe12.6%
4International11.4%
5Japan8.7%
6Money Market1.2%
Industry sector
No data available.
Asset type
1North American Equities38.6%
2UK Equities27.5%
3European Equities12.6%
4International Equities11.4%
5Japanese Equities8.7%
6Money Market1.2%
Individual holdings
1EASTSPRING INVESTMENTS JAPAN SMALLER COMPANIES4.9%
2ABERDEEN GLOBAL JAPANESE SMALLER COMPANIES3.8%
3SCOTTISH ORIENTAL SMALLER COS INV TRUST2.9%
4PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY2.4%
5UTILICO EMERGING MARKETS1.7%
6HSBC GIF ASIA EX JAPAN EQUITY SMALLER COMPANIES1.5%
7ABERDEEN GLOBAL ASIAN SMALLER COMPANIES1.2%
8MANULIFE GLOBAL ASIAN SMALLER COMPANIES1.2%
9STATE BANK FINANCIAL CORP1.1%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Investment Trust
Fund objective
To secure a high total return by investing in smaller companies worldwide.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Peter Ewins31/07/2005Peter Ewins is a Director and Investment Manager in the UK small companies team having joined F&C in 1996. Previously he worked for Municipal Mutual Insurance and Commercial Union Insurance (1989-93) and ESN Pension Management (1994-96). Peter has a BA (Hons.) in Economics and Statistics from the University of Exeter and is an Associate of the UK Society of Investment Professionals.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
F&C Global Smaller Companies
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 price1341.29
CurrencyGBX
Price updated20/11/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJFG
F&C Global Smaller Companies NAV
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 price1341.29
CurrencyGBX
Price updated20/11/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFP53
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.