Fact sheet: River & Merc UK Micro Cap

Fund information
Fund name
River And Mercantile UK Micro Cap
Fund manager company
River & Mercantile Asset Mgmt
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
The Company will aim to achieve long-term capital growth from investment in a diversified portfolio of UK micro cap companies, typically comprising companies with a free float market capitalisation of less than £100 million at the time of purchase
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
26%
1 Year rank in sector
6/17
Sector
IT UK Smaller Companies
Yield
-
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.
1.26%
Fund size
£99m
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.
270
Mid price
191
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.
193.28
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.
-1.18
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
SVM UK Emerging37.5%
JPMorganSmCoITplc34.8%
BlackRock Sm Cos IT31.8%
StnLf UKSmCoPL30.4%
BlkRck Throgmrtn TstPLC27.6%
...more in IT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK95.4%
    Money Market4.6%
  • Technology22.3%
    Industrials17.4%
    Financials12.7%
    Consumer Services11%
    Oil & Gas10.4%
  • UK Equities95.4%
    Money Market4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-8.6%-4.1%26%77.7%-
Sector-2.6%1.9%5.6%16%60.8%110.5%
Rank within sector19 / 1914 / 1912 / 196 / 175 / 16-
Quartile4th3rd3rd2nd2nd
Calendar performance
 YTD - 20182017201620152014
Fund-5.2%62.2%2.7%15.8%-
Sector-1.3%27.6%4%25.3%-5.1%
Rank within sector17 / 191 / 176 / 1711 / 16-
Quartile4th1st2nd3rd
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.
15.97
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.
0.69
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.
1.53
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%.
16.8
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.
14.91
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.
0.6
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.
0.23
Price movement
52 week high235
52 week low148.5
Current bid price186
Current offer price196
Current mid price191
Region
1UK95.4%
2Money Market4.6%
Industry sector
1Technology22.3%
2Industrials17.4%
3Financials12.7%
4Consumer Services11%
5Oil & Gas10.4%
6Health Care9.2%
7Consumer Goods7.7%
8Basic Materials4.7%
9Money Market4.6%
Asset type
1UK Equities95.4%
2Money Market4.6%
Individual holdings
1TAPTICA INTL LTD5.1%
2MAXCYTE INC5%
3FRONTIER DEVELOPMENTS PLC4.5%
4BLUE PRISM GROUP PLC4.1%
5SDX ENERGY INC3.7%
6D4T4 SOLUTIONS PLC3.6%
7INSPIRED ENERGY PLC3.5%
8DIVERSIFIED GAS & OIL PLC3.4%
9TAX SYSTEMS PLC3.4%
Management
Fund manager group
River & Mercantile Asset Mgmt
Fund manager company
River & Mercantile Asset Mgmt
Fund type
Investment Trust
Fund objective
The Company will aim to achieve long-term capital growth from investment in a diversified portfolio of UK micro cap companies, typically comprising companies with a free float market capitalisation of less than £100 million at the time of purchase
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Fund manager
No data available.
Compliance
AIC Member, Offshore
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
River And Mercantile UK Micro Cap
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 price193.28
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJLE
Data provided by

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