Junior Oils Trust Accumulation Units
Overview
| Initial charge | 5.25% |
|---|---|
| Initial saving | 4.25% |
| Annual charge | 1.75% |
| Annual saving | 0.100% ² |
| Performance charges | No |
| Total Expense Ratio | 1.96% |
| Launch date | 20-09-2004 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £26 million |
| Number of holdings | 41 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Please read the simplified prospectus in addition to the information above.
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
After a volatile 2008, this year has been better for many oil companies. Some halted production in the downturn, which has restricted supply and will therefore lead to higher prices in the medium to long-term, according to Angelos Damaskos. In the short-term however, markets might have overextended themselves and there could be a correction, but smaller oil companies could be supported by increasing takeover activity.
Full research
About the Fund Manager
Angelos Damaskos
Located in: London
Angelos Damaskos is a Greek national who arrived in the UK in 1981 to attend university. He graduated with a Bachelor of Science in Mechanical Engineering from the University of Glasgow and an MBA from Sheffield University in 1989. For the next 14 years, he worked with top-rated London investment banks specializing in natural resources financing. In 2004, subscribing to the thesis of a new super-cycle in energy and commodities, he set up Sector Investment Managers Ltd and launched the Junior Oils Trust, a fund investing in small to medium capitalization companies involved in oil exploration and production. Since its inception, the fund has consistently outperformed its benchmark, the FTSE 350 oil and gas index, as well as the crude oil price.
Income details
| Running yield | N/a |
|---|---|
| Income paid | N/a |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
Distribution dates are currently unavailable.
Top 10 holdings
| Afren | 6.20% |
|---|---|
| Dragon Oil | 6.01% |
| PA Resources AB | 5.30% |
| Tullow Oil | 5.08% |
| BowLeven | 4.87% |
| Soco International | 4.75% |
| QUESTERRE ENERGY CORP | 4.32% |
| Cirrus Energy Corp. | 4.29% |
| JKX Oil & Gas | 3.81% |
| Nighthawk Energy | 3.71% |
Top 10 sectors
| Oil & Gas Producers | 79.99% |
|---|---|
| Cash and Equiv. | 9.38% |
| Non-Classified | 6.36% |
| Bonds | 3.49% |
| Mining | 0.78% |
Top 10 countries
| United Kingdom | 46.46% |
|---|---|
| Canada | 11.48% |
| Cash and Equiv. | 9.38% |
| Ireland | 8.14% |
| United States | 6.23% |
| Norway | 6.17% |
| Sweden | 5.30% |
| Australia | 4.82% |
| Non-Classified | 2.02% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 08-02-2010. Data accurate as at 31/08/2009.
