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Contact details

50 Bothwell Street, Glasgow, G2 6HR
0141 222 8300 (Fax Number)
0800 317 749 (Main Number)

Fund managers

* Caspar Trenchard01-Aug-2014 to Present
David Clark»01-Nov-2004 to 31-Jul-2014
Philip Graves»01-Jul-1995 to 29-Oct-2004

Investment objectives

The fund aims to achieve the best possible growth from investing mainly in smaller companies in the UK.

Key Information

Fund vs sector

  1y 3y
Position 49 / 53 46 / 51
Quartile 4 4

Fund ratings

FE Crown Rating: 1 FE Crown Rating


  1y 3y
Volatility 12.51 12.50
Alpha -6.59 -4.89
Beta 1.40 1.11
Sharpe -0.01 0.66
Info Ratio -0.98 -0.65
R2 0.80 0.82
Quartiles:   1  2  3  4   help with ratios
vs. IMA UK Smaller Companies»
performance chart
INC -6.7+45.2+70.1+41.8+9.8-8.2+27.5
  IMA UK SMALLER COMPANIES   +1.2+61.5+92.6+35.5+17.8-1.5+21.0
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf IGNIS SMALLER COMPANIES I ACC ACC 147.63 (p) 155.81 (p) 24-Nov-2014 0.00 0.86% 0N10 B6TWZW5
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf IGNIS SMALLER COMPANIES A INC INC 576.66 (p) 608.62 (p) 24-Nov-2014 0.18 1.55% FM03 0329330
pdf IGNIS SMALLER COMPANIES A ACC ACC 691.62 (p) 729.95 (p) 24-Nov-2014 0.00 1.64% FM06 0330086

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Unit Trust
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£57.5m / $90.2m (24-Nov-14)
Savings plan Fund has Savings Plan Minimum: £ 50.0 Monthly Launch09-Apr-1985
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 500
Minimum additional£ 250
Initial charge5.25%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryCitibank International plc
RegistrarIgnis Fund Managers Ltd
Dividend policyMay 01 (Final), Nov 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed IMA UK Smaller Companies
Largest holdings, 31-Oct-2014
Holding (%) Rank Prev Fund factsheet Equity factsheet
QUADRISE FUELS 3.20 1 (2) - *
FLOWGROUP 3.10 2 (1) - *
SPIRIT PUB CO PLC 3.00 3 (3) - *
LOOKERS 2.70 4 (5) - *
MEARS GROUP 2.60 5 (-) - *
TARSUS GROUP PLC 2.60 6 (6) - *
LAVENDON GROUP 2.50 7 (7) - *
PENDRAGON PLC 2.50 8 (9) - *
GAME DIGITAL PLC 2.40 9 (10) - *
QUINTAIN ESTATES 2.40 10 (4) - *
Regional weightings, 31-Oct-2014
UK99.701(1) 99.70% UK
Money Market0.302(2) 0.30% Money Market
Sector weightings, 31-Oct-2014
Industrials42.201(1) 42.20% Industrials
Consumer Services22.902(2) 22.90% Consumer Services
Technology11.003(3) 11.00% Technology
Financials9.804(4) 9.80% Financials
Oil & Gas4.605(6) 4.60% Oil & Gas
Consumer Goods4.006(7) 4.00% Consumer Goods
Health Care2.107(8) 2.10% Health Care
Telecommunications1.908(10) 1.90% Telecommunications
Basic Materials1.209(9) 1.20% Basic Materials
Money Market0.3010(5) 0.30% Money Market

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Asset allocation

UK Equities, 99.70%
99.7000% ofUK Equities
Money Market, 0.30%
0.3000% ofMoney Market

FE Adviser Fund Index

Sector analysis


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