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Contact details

ManagerGroupLogo
Aberdeen Asset Managers, Aberdeen Investment Trusts, 10 Queen's Terrace, Aberdeen, AB10 1YG
0500 00 40 00 (Main Number)

inv.trusts@aberdeen-asset.com

Fund managers

* Charles Luke»01-Sep-2006 to Present
Anne Richards»31-Jan-2005 to 31-Jan-2011
Ben Ritchie»01-Oct-2009 to 31-Jan-2011
Gary McAleese»31-Jan-2005 to 31-Aug-2006
Ross Watson»01-Jan-2002 to 30-Jan-2005
James Laing»01-Apr-2003 to 30-Jan-2005


Investment objectives

To achieve a high and growing income combined with capital growth through investment in a portfolio principally of UK equities.

Key Information

Fund vs sector

  1y 3y
Position 14 / 24 22 / 24
Quartile 3 4

Fund ratings

FE Crown Rating: 3 FE
Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 8.88 10.92
Alpha -1.69 -3.99
Beta 1.01 1.04
Sharpe 0.00 0.76
InfoRatio -0.34 -0.77
R2 0.65 0.83
Quartiles:   1  2   3  4   help with ratios
vs. UK Equity Income»

Performance

performance chart
chart
    1y 3y 5y 12m-24m 24m-36m 36m-48m 48m-60m
+5.5 +53.1 +90.9 +21.6 +19.4 +0.9 +23.5
  NAV +3.2+51.3+75.6+23.4 +18.8-1.7+18.1
  UK Equity Income +5.9+67.9+91.1+30.3+21.7-2.2+16.4
Share Price
 SharePriceDatePrem/DiscDiluted NAVGearingDiv yield
EstimLast pub.NetGross
pdf MURRAY INCOME IT PLC ORD 25P 787.00 (p) 26-Nov-2014 +2.02 774.37 773.22
25-Nov-2014
110 3.97 3.97
Capital structure & income
Share Type Exchange Nominal value Issued Market value (m) Wind-up date Splits News
MURRAY INCOME IT PLC ORD 25P UNIT LONDON 25 68,142,000 538.32 n/a n/a company announcements
Share identifiers: TIDM: MUT; SEDOL: 0611112; ISIN: GB0006111123
Detailed fund information
Fund type flag United Kingdom-registered Investment Trusts
Launched1923
Gross assets£582.7m / $919.8m
Sector UK Equity Income
Asset ClassEquity
Own ISA wrapper Fund has no ISA Wrapper help with ISA
Savings plan Fund has no Savings Plan 
Annual accountsannual (Click to order)
Last report / accounts23-Sep-2014
Last AGM29-Oct-2014
Next AGMOctober 2013
EGM22-Mar-2010
Stockbroker(s)Arbuthnot, Collins Stewart Europe Limited
Management contractA fixed fee of '37,500 per month and a monthly fee at the rate of one twelfth of 0.55% on the first '400 million and 0.45% on the next '150 million of net assets and 0.25% on the excess over '550 million, chargeable 50% to revenue and 50% to capital. A secretarial fee of '75,000 per annum is also payable, chargeable 100% to revenue.
Borrowing limitn/a
Continuation / Wind-up provisionNo maximum fixed life
Dividend policyn/a
Investment restrictionsn/a
Reconstruction proposaln/a
Settlement detailsn/a
Tax policyThe tax payable is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK Equity Income
Largest holdings, 30-Sep-2014
Holding (%) Rank Holding (%) Rank
ROYAL DUTCH SHELL4.601BHP BILLITON3.806
ASTRAZENECA PLC4.402CENTRICA PLC3.807
BRITISH AMERICAN TOBACCO4.403HSBC HLDGS3.608
UNILEVER4.304PEARSON3.509
GLAXOSMITHKLINE4.205ROCHE3.5010
 Total40.10 
Regional weightings, 30-Sep-2014
Region (%) Rank  
UK 98.50 1 98.50% UK
Cash 1.50 2 1.50% Cash
Total100.00 
Sector weightings, 30-Sep-2014
Sector (%) Rank  
Financials 21.70 1 21.70% Financials
Consumer Goods 14.40 2 14.40% Consumer Goods
Oil & Gas 12.10 3 12.10% Oil & Gas
Health Care 12.00 4 12.00% Health Care
Industrials 8.70 5 8.70% Industrials
Consumer Services 8.40 6 8.40% Consumer Services
Utilities 8.30 7 8.30% Utilities
Telecommunications 6.10 8 6.10% Telecommunications
Basic Materials 4.70 9 4.70% Basic Materials
Technology 2.10 10 2.10% Technology
Cash 1.50 11 1.50% Cash
Total100.00 


All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested. NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.

 
 
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pop64 Jul 25th, 2014 at 09:50 AM

Some 6 years ago there was not much to choose between the two bellwether stalwarts of the UK Equity Income Investment Trust sector, Murray Income and City of London. However, since then City of London has done a better job at recovering lost ground and increasing the dividend than that of Murray Income. Since 31st Jan 2011 when Aberdeen’s CIO, Anne Richards, stepped aside to let the relatively inexperienced Charles Luke run the show, Murray Income’s performance has noticeably lagged behind that of City of London. While I don’t expect either Murray Income or City of London to ever shot lights out – they are simply not put together in such a way to do that - I do expect them to consistently hold a mid-table position. To use a metaphor, Murray Income is beginning to flirt with ‘relegation’.

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Source FTSE 250: Net Asset Value(s)

09:42 AM | 25-Nov-2014

Source FTSE 100: Net Asset Value(s)

09:42 AM | 25-Nov-2014

Latest Fundswire  

Asset allocation

UK Equities, 98.50%
98.5000% ofUK Equities
Cash, 1.50%
1.5000% ofCash

Sector analysis

Charting

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