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Contact details

ManagerGroupLogo
25 Moorgate, London, EC2R 6AY
0141 222 1150 (Dealing)
020 7131 8100 (Enquiries)
020 7131 4100 (Fax Number)

funds@smith.williamson.co.uk

Fund managers

* Tana Focke01-Nov-1997 to Present
    view
* Robert Royle» 31-Aug-2013 to Present
Robert Royle» 22-Dec-2008 to 30-Aug-2013
Sophia Chambre» 01-Jan-2007 to 28-Nov-2008
John Hockin» 01-Jan-1990 to 01-Jan-1997
Christopher Chetwood» 02-Mar-1983 to 01-Jan-1990


Investment objectives

To achieve long-term growth of capital primarily through investment in securities quoted on markets in North America. In order to achieve the Trust’s objective, the strategy will be to invest in a wide range of companies, large and small, which reflect growth opportunities in various sectors of the North American and global economies.

Key Information

Fund vs sector

  1y 3y
Position 104 / 112 96 / 103
Quartile 4 4

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 1 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 5.36 10.09
Alpha -3.29 -2.41
Beta 0.82 0.95
Sharpe 0.62 0.91
Info Ratio -2.52 -1.40
R2 0.89 0.95
Quartiles:   1  2  3  4   help with ratios
vs. IMA North America»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC +12.0+55.4+83.9+27.8+8.6+5.7+11.9
  IMA NORTH AMERICA   +17.4+70.3+97.8+29.5+12.1+2.2+13.6
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SMITH & WILLIAMSON NORTH AMERICAN B INC 153.70 (p) 21-Nov-2014 0.93 0.70% A1GJ B40T1C3
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SMITH & WILLIAMSON NORTH AMERICAN A INC 1719.00 (p) 21-Nov-2014 0.00 1.55% TT08 0765569

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£89.0m / $139.5m (21-Nov-14)
Savings plan Fund has Savings Plan  Launch02-Mar-1983
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 100
Initial charge5.00%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarSmith & Williamson Fund Administration Limited
Multi-Managern/a
Indexn/a
Dividend policyJun 01 (Final), Dec 01
Peer groups
Region Asset Class Investment Focus Sector
North America Equity Mixed IMA North America
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
MICROSOFT CORP 4.30 1 - -
NASDAQ OMX GROUP INC 3.80 2 - -
JOHNSON & JOHNSON 3.70 3 - -
CVS CAREMARK 3.40 4 - -
GENERAL MOTORS CO 3.40 5 - -
AMERICAN INTERNATIONAL GROUP INC 3.40 6 - -
CITIGROUP INC 3.40 7 - -
ACTAVIS PLC 3.20 8 - -
WILEY(JOHN)& SONS INC 3.10 9 - -
SEAGATE TECHNOLOGY PLC 3.10 10 - -
Total34.80 
Regional weightings, 30-Sep-2014
Region(%)Rank 
North America96.101 96.10% North America
Cash3.902 3.90% Cash
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Consumer Services18.101 18.10% Consumer Services
Financials17.802 17.80% Financials
Technology16.903 16.90% Technology
Health Care12.604 12.60% Health Care
Industrials10.805 10.80% Industrials
Oil & Gas8.006 8.00% Oil & Gas
Consumer Goods6.007 6.00% Consumer Goods
Cash3.908 3.90% Cash
Telecommunications3.009 3.00% Telecommunications
Utilities2.9010 2.90% Utilities
Total100.00 

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

North American Equities, 96.10%
96.1000% ofNorth American Equities
Cash, 3.90%
3.9000% ofCash

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