Fact sheet: Manchester & London IT plc

Fund information
Fund name
Manchester & London IT plc
Fund manager company
M&L Capital Management Ltd
Fund type
Investment Trust
Fund manager
  • Mark Sheppardsince 01/01/2000
Fund objective
The principle objective of the Manchester & London Investment Trust plc (“MNL”) is to achieve capital appreciation together with a reasonable level of income.
Benchmark
  • FTSE All Share Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
36.9%
1 Year rank in sector
2/17
Sector
IT UK All Companies
Yield
1.1%
Fund size
£66m
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.
105
Mid price
305.75
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.
386
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.
-20.79
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
Crystal Amber62.8%
Manchester & London IT plc36.9%
Fidelity Special Values PLC26.9%
Artemis Alpha Tst plc26.1%
Columbia Thrdnedle UK Sel Tst23.8%
...more in IT UK All Companies

Performance snapshot

Holdings snapshot

  • USA55.8%
    UK27.4%
    Switzerland3.3%
    Netherlands3.3%
    Germany2.8%
  • Others100%
    Information Technology36.9%
    Health Care9.7%
    Mutual Funds8.3%
    Consumer Staples2.6%
  • US Equities55.8%
    UK Equities27.4%
    Swiss Equities3.3%
    Dutch Equities3.3%
    German Equities2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.2%11.5%5.8%36.9%24.3%11.1%
Sector3.2%9.7%9.6%18.4%13.3%68.2%
Rank within sector2 / 176 / 1713 / 172 / 175 / 1514 / 15
Quartile1st2nd4th1st2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund11.2%16.5%11.3%-11%-10.6%
Sector5.7%3.8%9.1%-1.7%31.3%
Rank within sector3 / 172 / 177 / 1614 / 1515 / 15
Quartile1st1st2nd4th4th
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.
4.02
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.
0.79
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.
0.25
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%.
13.25
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.
11.37
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.
0.23
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.
0.3
Price movement
52 week high308
52 week low228
Current bid price304.75
Current offer price306.75
Current mid price305.75
Region
1USA55.78%
2UK27.42%
3Switzerland3.29%
4Netherlands3.26%
5Germany2.78%
6Italy2.5%
7France2.4%
8Japan1.19%
9China0.96%
Industry sector
1Others100.01%
2Information Technology36.91%
3Health Care9.7%
4Mutual Funds8.28%
5Consumer Staples2.64%
6Equities-0.04%
7Consumer Discretionary-0.52%
8Real Estate-2.39%
9Utilities-3.69%
Asset type
1US Equities55.78%
2UK Equities27.42%
3Swiss Equities3.29%
4Dutch Equities3.26%
5German Equities2.78%
6Italian Equities2.5%
7French Equities2.4%
8Japanese Equities1.19%
9Chinese Equities0.96%
Individual holdings
1MICROSOFT CORP7.8%
2ALPHABET INC7.6%
3AMAZON.COM INC7.6%
4FACEBOOK INC7.3%
5APPLE INC4.2%
6POLAR CAPITAL TECHNOLOGY TR PLC ORD 25P4.2%
7GLAXOSMITHKLINE PLC3.9%
8SCOTTISH MORTGAGE INVESTMENT TST3.5%
9HEINEKEN NV3.4%
Management
Fund manager group
Midas Investment Management
Fund manager company
M&L Capital Management Ltd
Fund type
Investment Trust
Fund objective
The principle objective of the Manchester & London Investment Trust plc (“MNL”) is to achieve capital appreciation together with a reasonable level of income.
Benchmark
  • FTSE All Share Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Mark Sheppard01/01/2000Mark Sheppard qualified in 1996 as a chartered accountant with Deloitte & Touche in London where he gained experience in advising on a number of venture capital deals. He then moved to ABN Amro where he became a smaller companies analyst and was part of the Restaurant, Breweries and Pubs team, which was voted the second best in the 1998 Reuters UK Smaller Company Survey. The following year Mark moved to the UK Smaller and Mid Cap Institutional sales team that was voted the second best team in the 1999 survey. In 2001, Mark became Chief Executive of Midas Investment Management Limited. Mark has been involved in the management of a number of investment funds including the Manchester & London Investment Trust plc.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Manchester & London IT plc
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 price386
CurrencyGBX
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJMS
Data provided by

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