Fact sheet: Charishare Restricted

Fund information
Fund name
Charishare Restricted Gr Acc
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund managers
  • Adam Avigdorisince 04/07/2017
  • David Goldmansince 04/07/2017
Fund objective
Charishare Restricted 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, with a restriction on investment in tobacco and defence related securities. Charishare Restricted 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 achieve long-term capital growth by investing mainly in UK listed companies, but excluding investment in tobacco and defence related securities.
Benchmark
  • FTSE All Share ex Tobacco,ex Inv Trusts,ex Aerospace & Defence
Investment style
None
Investment method
Shares
Quick stats
1 Year return
17.1%
1 Year rank in sector
58/275
Sector
UT UK All Companies
Yield
2.4%
Fund size
£55m (£61m 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.
92
Bid price
369.5
Offer price
374.4
Top in this sector
Fund name1 Year
MI Chelverton UK Equ Grth37.4%
Old Mutual Equity 136.2%
Old Mutual UK Mid Cap35.9%
Unicorn UK Growth34.3%
Blackrock Inst Eq UK Sm Cos32%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK99.4%
    Money Market0.6%
  • Consumer Services22.1%
    Financials19.9%
    Consumer Goods11%
    Oil & Gas9.1%
    Mutual Funds9.1%
  • International Equities99.4%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%1.6%7.9%17.1%34.7%69%
Sector1.6%0.6%6.1%14%26.9%66%
Rank within sector107 / 28260 / 28161 / 28158 / 27563 / 257114 / 244
Quartile2nd1st1st1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund10.1%15.1%5.2%3.4%19.1%
Sector9.4%11.2%3.7%0.6%25.7%
Rank within sector89 / 27989 / 269118 / 26154 / 255219 / 248
Quartile2nd2nd2nd1st4th
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.
-0.83
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.
1.48
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.
0.68
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%.
10.12
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.
5.85
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.
0.43
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 high373.4
52 week low309.1
Current bid price369.5
Current offer price374.4
Current mid price-
Region
1UK99.44%
2Money Market0.56%
Industry sector
1Consumer Services22.07%
2Financials19.89%
3Consumer Goods11.03%
4Oil & Gas9.08%
5Mutual Funds9.07%
6Health Care8.58%
7Industrials7.54%
8Telecommunications6.12%
9Basic Materials6.05%
Asset type
1International Equities99.44%
2Money Market0.56%
Individual holdings
1BLACKROCK GROWTH & RECOVERY A ACC9.07%
2ROYAL DUTCH SHELL5.96%
3UNILEVER5.51%
4LLOYDS BANKING GROUP PLC5.02%
5RIO TINTO4.94%
6RELX PLC4.19%
7RECKITT BENCKISER GROUP PLC3.83%
8BT GROUP3.62%
9COMPASS GROUP3.32%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock Invest Mgrs UK Ltd
Fund type
Unit Trust
Fund objective
Charishare Restricted 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, with a restriction on investment in tobacco and defence related securities. Charishare Restricted 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 achieve long-term capital growth by investing mainly in UK listed companies, but excluding investment in tobacco and defence related securities.
Benchmark
  • FTSE All Share ex Tobacco,ex Inv Trusts,ex Aerospace & Defence
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Adam Avigdori04/07/2017Adam Avigdori is manager of the BlackRock Income and Growth Investment Trust plc, and is a member of the UK Equity Team. Adam joined BlackRock in 2001 and is responsible for managing UK equity portfolios covering the real estate and construction sectors. Adam has a degree in management sciences.
David Goldman04/07/2017David Goldman, CFA, Director, is co-manager of the BlackRock Income and Growth Investment Trust plc, and is a member of the UK Equity Team. David joined BlackRock in 2004 and is responsible for managing UK equity portfolios covering the support services sectors. David has a degree with first class honours in economics.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Charishare Restricted Gr Acc
Initial charge1%
Annual charge0.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price369.5
Offer price374.4
Mid price-
CurrencyGBX
Price updated17/08/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCA93
Charishare Restricted Gr Inc
Initial charge1%
Annual charge0.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price198.7
Offer price201.3
Mid price-
CurrencyGBX
Price updated17/08/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCA94
Data provided by

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