Fact sheet: Foreign & Colonial 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 Foreign & Colonial IT

Rated Fund 2015-17. Perfect for investors with smaller portfolios

Foreign & Colonial ヨ the UK's oldest investment trust, established in 1868 ヨ was highly commended in the Best Global Growth Trust category of Money Observer's investment trust awards in 2017. A near ᆪ4 billion trust, it is low-cost (0.53 per cent) and very well-diversified, holding more than 500 companies in 35 countries.

Describing itself as conservatively managed, the trust aims to ムbe at the centre of an investor's portfolio'. David Liddell, a director of IpsoFacto Investor, an online investment advisory service, believes it fulfils that role. ムFor investors who like to sleep at night, Foreign & Colonial fits the bill and is perfect for smaller portfolios where investors want some international exposure,' he says.

The trust has been managed since 2014 by Paul Niven, who decides the asset allocation and level of gearing. He divides the portfolio into a range of global and regional strategies. Some of these are subcontracted to external managers.

Niven can have 20 per cent in private equity (7 per cent in June 2017); incorporating this, the portfolio had 47 per cent of assets in North America, 20 per cent in Europe, 13 per cent in emerging markets, 11 per cent in Japan and less than 6 per cent in the UK at the end of 2017.

Besides its long-term growth objective, it has a 47-year history of annual dividend increases. It yields 1.6 per cent and pays dividends quarterly.

Shares in the trust have traded within a range of a 3 per cent premium to a 12 per cent discount over the past three years.<\p>

3 Year Performance
Fund Performance61.1%
Average of Rated Funds Group61.4%
Sector Performance55.9%
Fund information
Fund name
Foreign & Colonial Investment Trust Ord
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Investment Trust
Fund managers
  • Paul Nivensince 01/06/2014
Accolades
Fund objective
The objective of the trust is to secure long-term growth in capital and income through a policy of investing primarily in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, with the use of gearing.
Benchmark
  • FTSE All World
Investment style
Growth
Investment method
No data available.
Quick stats
1 Year return
21.2%
1 Year rank in sector
6/21
Sector
IT Global
Yield
1.5%
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.
0.79%
Fund size
£3,692m
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.
100
Mid price
681
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.
691.6
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.
-1.53
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.
107
Top in this sector
Fund name1 Year
Independent Investment Trust51.4%
Edinburgh Ww IT PLC49.2%
Lindsell Train IT plc34.7%
Sct Mtg IT PLC33.6%
Monks IT PLC23.2%
...more in IT Global

Performance snapshot

Holdings snapshot

  • North America48.1%
    Europe ex UK19.3%
    Global Emerging Markets13.5%
    Japan11%
    UK6.1%
  • No data available.
  • North American Equities48.1%
    Europe ex UK Equities19.3%
    Global Emerging Market Equities13.5%
    Japanese Equities11%
    UK Equities6.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.6%5.2%8.8%21.2%61.1%100.6%
Sector5.9%5.7%7%18.8%55.9%87.4%
Rank within sector11 / 2113 / 215 / 216 / 216 / 218 / 21
Quartile3rd3rd1st2nd2nd2nd
Calendar performance
 YTD - 20182017201620152014
Fund6.1%21%23.7%9%13.5%
Sector4.8%23.5%21.1%6.8%7.4%
Rank within sector6 / 2110 / 2110 / 2110 / 215 / 21
Quartile2nd2nd2nd2nd1st
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.
2.17
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.
0.98
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.
1.36
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%.
9.85
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.
4.44
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.
0.4
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.
0.79
Price movement
52 week high684
52 week low575.5
Current bid price681
Current offer price682
Current mid price681
Region
1North America48.1%
2Europe ex UK19.3%
3Global Emerging Markets13.5%
4Japan11%
5UK6.1%
6Pacific ex-Japan1.4%
7Money Market0.6%
Industry sector
No data available.
Asset type
1North American Equities48.1%
2Europe ex UK Equities19.3%
3Global Emerging Market Equities13.5%
4Japanese Equities11%
5UK Equities6.1%
6Asia Pacific ex Japan Equities1.4%
7Money Market0.6%
Individual holdings
1AMAZON.COM INC1.8%
2MICROSOFT CORP1.3%
3ALPHABET INC1%
4UNITEDHEALTH GROUP INC1%
5ANTHEM INC0.9%
6BOOKING HLDGS INC0.8%
7FACEBOOK INC0.8%
8JPMORGAN CHASE & CO0.8%
9UTILICO EMERGING MARKETS0.8%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Investment Trust
Fund objective
The objective of the trust is to secure long-term growth in capital and income through a policy of investing primarily in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity, with the use of gearing.
Benchmark
  • FTSE All World
Investment style
Growth
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Niven01/06/2014Paul Niven is Head of Multi-Asset Investment and Fund Manager of the Foreign and Colonial Investment Trust. Paul joined the firm in 1996 and has worked in Asset Allocation and Investment Strategy since 1999, after undertaking a fund management position in Pacific Basin Equities. Paul has had responsibility for the management of Multi-Asset mandates within the group since 2002 and is Chair of the Investment Policy Group. He is responsible for strategic and tactical portfolio construction as well as manager selection across a variety of institutional mandates. Paul graduated from the University of Strathclyde with a BA (Hons) in Accounting and Economics, obtained an MPhil in Finance, and is a member of the UK CFA Institute.
Compliance
AIC Member, Transparent for Swiss Tax
Domicile
No data available.
Fund for sale in
United Kingdom
Foreign & Colonial Investment Trust 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 price691.6
CurrencyGBX
Price updated17/05/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFP57
Foreign & Colonial Investment Trust Ord
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 price691.6
CurrencyGBX
Price updated17/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJFV
Data provided by

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