British Empire Securities Ord

To achieve capital growth through a focused portfolio of investments, particularly in companies whose share prices stand at a discount to estimated underlying net asset value. Investments are principally in companies listed on recognised stock exchanges in the UK and/or overseas, which may include investment holding companies, investment trusts and other companies, the share prices of which are assessed to be below their estimated net asset value or intrinsic worth. The Company generally invests on a long-only basis but may hedge exposures through the use of derivative instruments and may also hedge its foreign currency exposures. There are no geographic limits on exposure, as the Company invests wherever it considers that there are opportunities for capital growth.

Key stats

Management firm  Asset Value Investors
Domicile  United Kingdom
Fund Administrator  Halifax Share Dealing Ltd
Global Branding Name  Asset Value Investors
12 month yield  2.30%
Fund currency  GBP
Launch Date  1889-01-01
ISIN  GB0001335081
SEDOL  0133508
Manager 1 Name  John Pennink
Manager 2 Name  Joe Bauernfreund
Fund Strategy  Global Large-Cap Value Equity
Benchmark  MSCI ACWI Ex USA GR USD
Fund Structure  Closed Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-03-31
Return - 1 Month  0.96%
Return - 2 Months  3.27 %
Return - 3 Months  3.89%
Return - 6 Months  6.74 %
Return - 9 months  6.86 %
Return - 12 Months  1.08%
Annualized return 24 months  12.00 %
Annualized return 36 months  3.67 %
Annualized return 48 months  5.96 %
Annualized return 60 months  12.53 %
Return 120 months  10.16 %
Annualized return since Inception  0.00%
Return YTD  3.89%

Ratings

Morning Star Rating Date   2014-03-31
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - 120 Months  fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating fund has a 5 star rating
Morning Star Rating - Overall  fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating fund has a 4 star rating

Charges

Initial  0.00 %
Maximum Managment Charge  0.70 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact name  Jake Crowhurst
Contact Address  25 Berkeley Square
Contact city  London
Contact country  United Kingdom
Fund Admin Group  Asset Value Investors
Web Address  www.assetvalueinvestors.com
Email contact  Jake.Crowhurst@assetvalueinvestors.com
Custodian  JPMorgan Chase Bank, London
Phone  44 20 7659 4800

Price

Last Price Date  2014-04-17
Pre-tax nav  4.89
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  £0.04
Price change (percentage)  0.80 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

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