Fact sheet: Utilico Emerging Markets 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.
EMERGING MARKETS
Sector
IT Global Emerging Markets Equities
Fund type
Investment Trust
Primary aim
GROWTH & INCOME
Why Money Observer Rates Utilico Emerging Markets IT

Rated Fund 2014-2017. Provides exposure to emerging market infrastructure

This trust won Money Observer's Best Emerging Markets Trust award in 2013 and has been highly commended every year since. Although its main aim is to produce a good total return, one of its attractions is that it pays a quarterly income and has a yield of more than 3 per cent.

It invests mainly in listed companies involved in the infrastructure, utility and related sectors operating in emerging markets. This gives it considerable defensive qualities. The management team is led by Charles Jillings. The team aims to identify companies whose underlying values and growth prospects are not reflected in their market prices.

The trust's investments include firms operating in the fields of water, sewerage, waste, electricity, gas, telecommunications, ports, airports, service companies, rail and roads; any businesses with essential services or monopolistic characteristics; and new infrastructure or utility firms. It may also invest in businesses that supply services to, or otherwise support, the infrastructure, utility and related sectors.

It focuses on both the underdeveloped and developing markets of Asia, Latin America, emerging Europe and Africa, but it has the flexibility to invest in markets worldwide if the managers believe a country has attributes such as political stability, economic development, an acceptable legal framework and an encouraging attitude to foreign investment.

Jillings and his team look for firms that are undervalued, often as a result of strong growth drivers unrecognised by the market. But opportunities can arise with changes in regulation, technology, potential for financial engineering, competition and shareholder attitudes.

3 Year Performance
Fund Performance28.9%
Average of Rated Funds Group45.4%
Sector Performance30.8%
Fund information
Fund name
Utilico Emerging Markets
Fund manager company
Ingot Capital Mgmt Pty Limited
Fund type
Investment Trust
Fund manager
No data available.
Accolades
Highly commended - Best Emerging Markets Trust
Fund objective
To provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
8.2%
1 Year rank in sector
8/10
Sector
IT Global Emerging Markets Equities
Yield
3.2%
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.
1.1%
Fund size
£454m
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.
119
Mid price
216
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.
252.47
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.
-14.45
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
JPM Emg Mkts IT plc22.6%
Templeton Emg Mkts21.3%
AbrEmrMrInvCmpLtd18.1%
Fundsmith Emg Eqs Tst17.3%
Genesis Emerging Mkt15.8%
...more in IT Global Emerging Markets Equities

Performance snapshot

Holdings snapshot

  • Brazil22.8%
    Hong Kong & China16.5%
    Romania9.6%
    Argentina8.4%
    Philippines6.7%
  • Electricity Supply23.5%
    Infrastructure21%
    Oil & Gas16.9%
    Marine Ports12.5%
    Others8.4%
  • Brazilian Equities22.8%
    Asia Pacific Equities20.5%
    American Emerging Equities13%
    European Emerging Equities9.6%
    Philippine Equities6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%0.3%-1%8.2%28.9%38.7%
Sector-4.6%0.6%3.3%11.6%30.8%27.1%
Rank within sector5 / 115 / 119 / 118 / 107 / 103 / 9
Quartile2nd2nd4th4th3rd2nd
Calendar performance
 YTD - 20182017201620152014
Fund-2.7%20.4%19.5%-5.8%-0.1%
Sector-2.7%20.8%26.7%-10.4%1.6%
Rank within sector6 / 118 / 108 / 104 / 107 / 9
Quartile3rd4th4th2nd4th
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.
-1.3
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.
0.93
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.
0.34
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%.
13.94
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.
8.23
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.
-0.28
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.
0.65
Price movement
52 week high231
52 week low205.75
Current bid price216
Current offer price218
Current mid price216
Region
1Brazil22.8%
2Hong Kong & China16.5%
3Romania9.6%
4Argentina8.4%
5Philippines6.7%
6India6.4%
7Middle East/ Africa5.7%
8Malaysia5%
9Latin America4.6%
Industry sector
1Electricity Supply23.5%
2Infrastructure21%
3Oil & Gas16.9%
4Marine Ports12.5%
5Others8.4%
6Utilities5.6%
7Media3.8%
8Alternative & Renewable Energy3.2%
9Telecommunications2.8%
Asset type
1Brazilian Equities22.8%
2Asia Pacific Equities20.5%
3American Emerging Equities13%
4European Emerging Equities9.6%
5Philippine Equities6.7%
6Indian Equities6.4%
7Middle East & African Equities5.7%
8Malaysian Equities5%
9European Equities4.5%
Individual holdings
1INTERNATIONAL CONTAINER TER SER INC5%
2OCEAN WILSONS HLDGS4.4%
3ALUPAR INVESTIMENTO SA3.6%
4SHANGHAI INTERNATIONAL AIRPORT CO3%
5SNTGN TRANSGAZ SA3%
6YUEXIU TRANSPORT INFRASTRUCTURE LTD3%
7MALAYSIA AIRPORTS HLDGS BHD2.9%
8TRANSPORTADORA DE GAS DEL NORTE S.A2.8%
9BOLSAS Y MERCADOS ARG2.7%
Management
Fund manager group
Ingot Capital Mgmt
Fund manager company
Ingot Capital Mgmt Pty Limited
Fund type
Investment Trust
Fund objective
To provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund manager
No data available.
Compliance
AIC Member, Offshore
Domicile
No data available.
Fund for sale in
Bermuda, United Kingdom, Offshore
Utilico Emerging Markets
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 price262
CurrencyGBX
Price updated14/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJEP
Utilico Emerging Markets Sub 0.005P
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price32.1
Offer price33
Mid price32.55
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMT9V
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.