Fact sheet: Charishare Common Invest

Fund information
Fund name
Charishare Common Invest Gr Inc
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund managers
  • David Goldmansince 04/07/2017
  • Adam Avigdorisince 04/07/2017
Fund objective
Charishare is one of six Common Investment Funds managed by BlackRock that have been specifically designed to meet the investment needs of charities. The Fund offers charities access to a professionally managed, diversified equity portfolio which invests predominantly in quality UK companies. Charishare is a charity in its own right, approved by the Charity Commission and with an independent Advisory Committee. It is exempt from stamp duty and capital gains tax. The Fund aims to provide medium to long-term capital and income appreciation by investing mainly in UK listed companies.
Benchmark
  • FTSE All Share Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
14.1%
1 Year rank in sector
91/273
Sector
UT UK All Companies
Yield
2.5%
Fund size
£347m (£355m last year)
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.
91
Bid price
636.2
Offer price
638.2
Top in this sector
Fund name1 Year
Elite Webb Cap SmCos Inc&Gth37.1%
MI Chelverton UK Equ Grth34.5%
Unicorn UK Growth33.7%
MFM Bowland32.7%
Blackrock Inst Eq UK Sm Cos31.5%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK97.4%
    Money Market2.6%
  • Financials19.9%
    Consumer Services18%
    Consumer Goods14.4%
    Industrials11%
    Mutual Funds9.6%
  • International Equities97.4%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%0.5%0.9%14.1%39.9%66.2%
Sector-0.4%1.2%1.8%13.2%29.7%61.6%
Rank within sector94 / 278202 / 277168 / 27691 / 27352 / 256103 / 243
Quartile2nd3rd3rd2nd1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund11%15.7%6.9%2%18.9%
Sector10.6%11.2%3.7%0.6%25.7%
Rank within sector95 / 27374 / 26395 / 25687 / 250218 / 243
Quartile2nd2nd2nd2nd4th
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.
0.81
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.
1.42
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.
0.76
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%.
9.54
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.
5.39
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.
0.64
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.
0.74
Price movement
52 week high652.3
52 week low572.6
Current bid price636.2
Current offer price638.2
Current mid price-
Region
1UK97.44%
2Money Market2.56%
Industry sector
1Financials19.91%
2Consumer Services17.97%
3Consumer Goods14.39%
4Industrials11%
5Mutual Funds9.57%
6Oil & Gas8.5%
7Health Care6.26%
8Basic Materials5.58%
9Telecommunications4.26%
Asset type
1International Equities97.44%
2Money Market2.56%
Individual holdings
1BLACKROCK GROWTH & RECOVERY A ACC9.57%
2BRITISH AMERICAN TOBACCO6.27%
3ROYAL DUTCH SHELL5.7%
4RIO TINTO4.59%
5UNILEVER4.09%
6LLOYDS BANKING GROUP PLC3.99%
7RELX PLC3.93%
8FERGUSON PLC3.04%
9HSBC HLDGS2.82%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund objective
Charishare is one of six Common Investment Funds managed by BlackRock that have been specifically designed to meet the investment needs of charities. The Fund offers charities access to a professionally managed, diversified equity portfolio which invests predominantly in quality UK companies. Charishare is a charity in its own right, approved by the Charity Commission and with an independent Advisory Committee. It is exempt from stamp duty and capital gains tax. The Fund aims to provide medium to long-term capital and income appreciation by investing mainly in UK listed companies.
Benchmark
  • FTSE All Share Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
David Goldman04/07/2017David Goldman, CFA, Director, is a portfolio manager of the UK Equity team within BlackRock's Fundamental Equity division of BlackRock's Active Equity Group. He is responsible for covering the support services sector. Mr. Goldman's service with the firm dates back to 2004, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. At MLIM, Mr. Goldman held a variety of positions on both the UK equity team and in the fixed income division. He was previously responsible for research in the travel and leisure, real estate, construction, banks and oil & gas sectors. Mr. Goldman began his investment career with MLIM in 2004 as a member of the investment training program. Mr. Goldman earned a BSc degree, with first class honours, in economics from Bristol University in 2004.
Adam Avigdori04/07/2017Adam Avigdori, Director and portfolio manager, is a member of BlackRock's UK Equity team in the Fundamental Equity division of BlackRock's Active Equity Group. Mr Avigdori is Co-Head of the UK Income Fund, with a sector emphasis on Mining. Mr Avigdori's service with the firm dates back to 2001, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. Mr Avigdori earned a BSc (Hons) in Management Sciences from UMIST in 2001.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Charishare Common Invest Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.02%
Bid price1860
Offer price1865
Mid price-
CurrencyGBX
Price updated11/12/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCC88
Charishare Common Invest Gr Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.02%
Bid price636.2
Offer price638.2
Mid price-
CurrencyGBX
Price updated11/12/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCC03
Data provided by

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