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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

* Robert Lyon21-Apr-2008 to Present
 
view    
* Ani Markova»03-May-2010 to Present
Bob Farquharson»03-Dec-2004 to 02-May-2010
Charles Oliver»03-Dec-2004 to 31-Jan-2008


Investment objectives

The Fund aims to achieve long-term capital growth by investing primarily in the shares of gold mining companies, precious metal related companies and resources based companies quoted on recognised and eligible markets. The Fund may also invest in gold bullion shares, other transferable securities, money market instruments, deposits, collective investment schemes and warrants. The Fund will typically be fully invested in a spread of equities principally within the gold and precious metal industry.

Key Information

Fund vs sector

  1y 3y
Position 112 / 135 105 / 110
Quartile 4 4

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 4 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 30.98 33.38
Alpha -9.55 -27.95
Beta 2.18 2.57
Sharpe -0.03 -0.08
Info Ratio -0.32 -0.87
R2 0.19 0.43
Quartiles:   1  2  3  4   help with ratios
vs. Specialist»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
INC -12.5-57.1-32.8-41.3-16.5-1.9+59.6
  SPECIALIST   -1.1+10.1+27.9+8.6+2.5-0.4+16.7
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SMITH & WILLIAMSON GLOBAL GOLD & RESOURCES B INC 39.58 (p) 31-Oct-2014 0.00 0.71% A1GE B3RJHY3
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf SMITH & WILLIAMSON GLOBAL GOLD & RESOURCES A INC INC 156.90 (p) 31-Oct-2014 0.00 1.81% TT33 B04PXP6

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 Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£36.0m / $57.7m (31-Oct-14)
Savings plan Fund has Savings Plan  Launch03-Dec-2004
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 1,000
Minimum additional£ 500
Initial charge5.00%
Annual management charge1.75%
Note to chargesn/a
Trustee / DepositaryNational Westminster Bank plc
RegistrarSmith & Williamson Fund Administration Limited
Multi-Managern/a
Indexn/a
Dividend policyJun 01, Dec 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Commodity/Energy Gold Specialist
Largest holdings, 30-Sep-2014
Holding (%) Rank Fund factsheet Equity factsheet
TAHOE RESOURCES INC 4.40 1 - -
CENTRAL FUND OF CANADA CLASS`A`NPV 4.00 2 - -
ELDORADO GOLD CORP 4.00 3 - -
AGNICO EAGLE MINES 3.70 4 - -
SEMAFO INC 3.20 5 - -
B2GOLD CORP 3.20 6 - -
TOREX GOLD RESOURCES INC 3.20 7 - -
GOLDCORP INC 3.20 8 - -
ROYAL GOLD INC 3.10 9 - -
RANDGOLD RESOURCES 2.80 10 - -
Total34.80 
Regional weightings, 30-Sep-2014
Region(%)Rank 
Canada71.801 71.80% Canada
Cash10.202 10.20% Cash
UK8.303 8.30% UK
USA5.604 5.60% USA
Australia3.005 3.00% Australia
Belgium0.806 0.80% Belgium
Cayman Islands0.307 0.30% Cayman Islands
Total100.00 
Sector weightings, 30-Sep-2014
Sector(%)Rank 
Gold Mining61.521 61.52% Gold Mining
Precious Metals & Minerals(platinum,silver,diamonds)21.012 21.01% Precious Metals & Minerals(platinum,silver,diamonds)
Cash10.203 10.20% Cash
Diversified Metals & Minerals7.274 7.27% Diversified Metals & Minerals
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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alan phelps Aug 26th, 2011 at 10:25 AM

25 Aug 11 Since Feb 11 Gold has risen by
31%
S&W has lost 10%

Black Rock Gold and General
& Investec Global Gold currently offer better
performance even as we get this
current retrace in gold

Without some justification from AM It represents a reason
to switch funds.

Reply
Richard Kent Mar 13th, 2011 at 12:44 PM

I note your fund details are only up to 31st Jan and it is now mid-March. Can they be updated sooner at the end of each month?

Reply
Al Jan 13th, 2011 at 04:18 PM

what % of the fund is invested in China? I understand that chinese goldmining it revving up. What is your investment strategy for china for the next 6 months?
Thanks

Reply
 

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Asset allocation

Commodity & Energy, 89.80%
89.8000% ofCommodity & Energy
Money Market, 10.20%
10.2000% ofMoney Market

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