Junior Oils Trust Accumulation Units 
Overview
| Fund manager's initial charge | 5.25% |
|---|---|
| HL initial saving | 4.25% |
| Net initial charge | 1.00% |
| Dealing charge | Free |
| Fund manager's annual charge | 1.75% |
| Performance charges | No |
| Total Expense Ratio | 1.96% |
| HL annual saving | 0.10% 2 |
| Platform fee | Free |
| Launch date | 20-09-2004 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £67.00 million |
| Number of holdings | 48 |
| Fund type | Unit Trust |
| Type of units | Accumulation |
Please read the Simplified Prospectus/Key Investor Information Document in addition to the information above.
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Before you invest please read the key features for details of charges and savings, and Simplified Prospectus/Key Investor Information Document, where available.
HL research - our view on this fund
The fund mainly invests in smaller oil companies, which have endured a torrid time recently, but Angelos Damaskos feels they now look hugely undervalued. The fund is positioned to take advantage of any recovery in the sector, and if the oil price remains elevated this will help oil producers generate healthy cash flow and profits. The fund also has some exposure to the corporate bonds of oil companies, providing the portfolio with a defensive element.
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
| Cooper Energy | 4.98% |
|---|---|
| NORSE ENERGY 6.5% SNR 14 | 4.94% |
| Soco International | 4.72% |
| Caza Oil & Gas | 4.16% |
| Encore Oil | 3.50% |
| Dragon Oil | 3.41% |
| Ecuanor ASA | 3.19% |
| Oilex | 3.12% |
| Premier Oil | 3.01% |
| Amerisur Resources | 2.96% |
Top 10 sectors
| Oil & Gas Producers | 69.53% |
|---|---|
| Cash and Equiv. | 12.80% |
| Bonds | 12.00% |
| Non-Classified | 5.67% |
Top 10 countries
| United Kingdom | 24.99% |
|---|---|
| Norway | 22.52% |
| Australia | 15.04% |
| Cash and Equiv. | 12.80% |
| Canada | 10.73% |
| Ireland | 6.67% |
| Non-Classified | 5.67% |
| Sweden | 1.39% |
| United States | 0.18% |
Some of the data on this page and other related pages is provided to you for your information and is received from the Fund Management Company administering this fund. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
2 Annual saving is not available in the SIPP or Junior ISA.
4 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.
Prices as at 03-02-2012. Data as at 30/04/2011.
