Elite Charteris Premium Income Fund Institutional Acc

 (MUTF_GB:ELIT_CHAR_PREM_109B6H9)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.37%
   
1 week   +1.64%
   
4 week
   
-0.62%  
3 month
   
-4.52%  
YTD   +2.78%
   
1 year
   
-1.26%  
3 years*   +2.10%
   
5 years*   +4.02%
   
*annualized
Best 3 month return+12.50%  
Worst 3 month return-12.08%  

Morningstar statistics

Morningstar category: UK Equity Income
Morningstar style  Learn more
      Large
      Mid
      Small
Value Blend Growth  

Key statistics

Total assets27.72M 
Front load-  
Deferred load-  
Expense ratio-  
Management fee1.00%  
Fund familyCharteris Treasury Ptfl Mgrs Ltd (Elite) 

Asset allocation

Cash1.70%  
Stocks98.30%  
Bonds0.00%  
Other0.00%  

Purchase information

Initial�100,000  
1.37-0.01(-0.39%)
Jul 31, 4:00PM GMT+1

Description

The Fund seeks to outperform the FTSE 100 Index with a target dividend yield of 6-7% through a combination of active stock selection and writing covered call options. The fund managers combine top-down thematic strategy with bottomup stock selection. They employ technical analysis extensively to help time investment decisions including writing covered call options. This strategy is different to other call option funds because the managers write call options for only part of the year and not continuously.
Asset manager:
Ian Williams (Started: Oct 31, 2008)
Advisor Company:
Charteris Treasury Portfolio Mngrs Ltd
Cedar House 3 Cedar Office Park, Cobham Road

Risk

  1 year 3 years 5 years 10 years  
Alpha* -6.34     -     -     -
Beta* 0.74     -     -     -
Mean annual return 0.53     -     -     -
R-squared* 75.44     -     -     -
Standard deviation 9.14     -     -     -
Sharpe ratio 0.64     -     -     -
* Against standard index

Top 10 holdings

Security Net Assets  
Fresnillo PLC (FRES) 4.70%  
GlaxoSmithKline PLC (GLAXF) 4.21%  
BAE Systems PLC (BA.) 4.16%  
Vodafone Group PLC (VODPF) 4.04%  
BHP Billiton PLC (BLT) 4.02%  
Petrofac Ltd (PFC) 3.58%  
Diageo PLC (DGE) 3.50%  
Standard Chartered PLC (STAN) 3.43%  
Randgold Resources Ltd (RGORF) 3.15%  
Imperial Tobacco Group PLC (IMT) 3.14%