The quantitative screens for the sector categories will be provided by the AIC, using Morningstar performance data and AIC sectors.
Investment companies without a three-year track record to 30 June 2019 are not included in the main award categories but may be shortlisted in the New Issue category. No total assets minimum - all companies within the AIC universe of all sizes are kept in and the judging panel will screen out at a later date if considered too small.
Within each sector, companies have their Cumulative Fair NAV returns measured over three discrete periods: 12 months to 30 June 2019, 12 months to 30 June 2018 and 12 months to 30 June 2017, as well as their cumulative NAV return for the full three year period.
Returns over the 12 months to 30 June 2019 the NAV returns are given a 40% weighting, the 12 months to 30 June 2018 are given a 30% weighting and the 12 months to 30 June 2017 accounts for 20% of the overall score. The final 10% weight is given to the full cumulative NAV return over the three years to 30 June 2019.
All returns are calculated in pound sterling.
These scores are added up to give a single quants figure out of 100, the highest of which will be shortlisted for consideration. Results are sorted according to Investment Week award categories and then by aggregated awards score (descending).
Shortlisted trusts and their boards will be contacted by Investment Week and asked to submit a questionnaire, which will be used in the qualitative judging stage.
Best New Issue Award
AIC to provide list of all new issues in the previous 24 months.
Awards data consists of TA, MC, NAVTR and SPTR for each 12 month period, Discount at the end of June 2017, 2018 and 2019 and launch assets.
NB: Companies that are not pricing will be excluded from the stats