Fact sheet: TheEqInc TstForChrt

Fund information
Fund name
The Equity Income Trust For Charities A Inc
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund managers
  • Matt Hudsonsince 02/12/2002
  • Michael Zorkosince 30/09/2017
Fund objective
The Equity Income Trust for Charities aims to provide a portfolio yield in excess of the FTSE All Share Index, targeting a premium of 30 per cent., through investing predominately in UK equities. The income provision will be the primary objective. The Trust's secondary target is to provide capital growth in order that its total return exceeds that of the FTSE All Share Index over rolling five-year periods. Subject to cash reasonably held for redemptions and expenses, it is the intention of the Fund to remain fully invested except where market conditions necessitate the use of a defensive investment strategy involves the holding of cash or near cash.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
10.8%
1 Year rank in sector
191/275
Sector
UT UK All Companies
Yield
4.8%
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.
0.61%
Fund size
£317m (£345m 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
98.77
Offer price
98.99
Top in this sector
Fund name1 Year
Elite Webb Cap SmCos Inc&Gth45.6%
MI Chelverton UK Equ Grth33.9%
Blackrock Inst Eq UK Sm Cos32.1%
Stan Life Inv UK Opps31.1%
Slater Recovery30.6%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK96.8%
    Money Market2.6%
    Ireland0.5%
  • Financials31.2%
    Oil & Gas13.8%
    Basic Materials10%
    Consumer Services9.1%
    Industrials7.7%
  • UK Equities97.2%
    Money Market2.3%
    Irish Equities0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%2.3%4.9%10.8%26.2%54.1%
Sector2.6%2.4%6.4%13.1%33.2%59.9%
Rank within sector121 / 278160 / 278205 / 276191 / 275216 / 256164 / 243
Quartile2nd3rd3rd3rd4th3rd
Calendar performance
 YTD - 20182017201620152014
Fund0.8%10.9%9.3%3.1%1%
Sector0.8%13.8%11.2%3.7%0.6%
Rank within sector119 / 278204 / 273167 / 263142 / 256111 / 250
Quartile2nd3rd3rd3rd2nd
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.
-2.01
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.
1.32
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.
0.45
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%.
9.29
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.
5.58
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.
0.02
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.
0.67
Price movement
52 week high99.92
52 week low90.75
Current bid price98.77
Current offer price98.99
Current mid price-
Region
1UK96.82%
2Money Market2.65%
3Ireland0.54%
Industry sector
1Financials31.23%
2Oil & Gas13.77%
3Basic Materials9.96%
4Consumer Services9.06%
5Industrials7.74%
6Telecommunications6.46%
7Utilities5.73%
8Health Care5.64%
9Consumer Goods4.26%
Asset type
1UK Equities97.2%
2Money Market2.26%
3Irish Equities0.54%
Individual holdings
1ROYAL DUTCH SHELL7.66%
2BP6.11%
3VODAFONE GROUP PLC5.59%
4HSBC HLDGS4.32%
5LLOYDS BANKING GROUP PLC4.09%
6GLAXOSMITHKLINE3.94%
7PRUDENTIAL PLC3.59%
8RIO TINTO3.3%
9National Grid3.18%
Management
Fund manager group
Schroders
Fund manager company
Schroder UT Managers
Fund type
Unit Trust
Fund objective
The Equity Income Trust for Charities aims to provide a portfolio yield in excess of the FTSE All Share Index, targeting a premium of 30 per cent., through investing predominately in UK equities. The income provision will be the primary objective. The Trust's secondary target is to provide capital growth in order that its total return exceeds that of the FTSE All Share Index over rolling five-year periods. Subject to cash reasonably held for redemptions and expenses, it is the intention of the Fund to remain fully invested except where market conditions necessitate the use of a defensive investment strategy involves the holding of cash or near cash.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Matt Hudson02/12/2002Matt Hudson is a member of the Cazenove Capital Pan-European Equity team at Schroders, with responsibility for equity income portfolios. Matt manages the Cazenove UK Equity Income Fund and the Equity Income Trust for Charities, a UK authorised Common Investment Fund. Matt joined Cazenove Capital in 2001 from AIB Govett Investment Management. Prior to this he was a chartered accountant at PriceWaterhouseCoopers. Matt graduated from Cambridge University with a degree in History. He has 14 years of investment experience.
Michael Zorko30/09/2017Michael Zorko is a Fund Manager at Schroders, providing back-up for the Schroder UK Alpha Income Fund, the Equity Income Trust for Charities, the Schroder UK Opportunities Fund and the Schroder ISF UK Opportunities. He joined Cazenove Capital Management shortly before Schroders aquisition in 2013. He joined Schroders in 2013 and is based in London. Michael was an Analyst at Exane BNP Paribas from 2009 to 2013, in the Extel Top 5 ranked telecoms team. He was a Chartered Accountant at PriceWaterhouseCoopers from 2006 to 2009, which involved conducting company audits. Qualifications: BA in Physics from Oxford University.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
The Equity Income Trust For Charities A Acc
Initial charge-
Annual charge0.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price121.2
Offer price121.5
Mid price-
CurrencyGBX
Price updated18/01/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM3WV
The Equity Income Trust For Charities A Inc
Initial charge-
Annual charge0.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price98.77
Offer price98.99
Mid price-
CurrencyGBX
Price updated18/01/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKR35
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.