Methodology & Judges

Sector categories

The quantitative screens for the sector categories is the same as in previous years and will be provided by both the AIC, using Morningstar data, and FE.

All performance data is run up to 30 June 2017. Any companies/trusts with assets of less than £20m are screened out. Those without a three-year track record to 30 June 2015 are not included in the main award categories but may be shortlisted in the New Issue category.

Within each sector, trusts/companies have their NAV returns measured over three discrete periods: 12 months to 30 June 2017, 12 months to 30 June 2016 and 12 months 30 June 2015 as well as their cumulative share price return for the full three year period. The data is run using the AIC's NAV calculation using debt at fair value and including income.

Returns over the 12 months to 30 June 2017 are given a 40% weighting, the 12 months prior that are given a 30% weighting and the 12 months to 30 June 2015 accounts for 20% of the overall score. The final 10% weight is given to the cumulative share price return.

These scores are added up to give a single quants figure out of 100, the highest of which will be shortlisted for consideration.

Shortlisted trusts - and their boards - are then contacted and asked to submit a questionnaire, which is used in the qualitative judging stage. Additional information may also be requested at the judges' discretion.

Qualitative awards:

Shortlists are constructed using a mixture of AIC data/research as well as from the submissions made by managers in the sector categories. As with the sector categories, winners will be decided during the qualitative judging process.


Submission for consideration for these category is by invitation only. Similar to last year, companies with three or more trusts/companies are invited to send in a submission as to why they feel they are deserving of this award; outlining any achievements or actions taken to support the industry, their managers or shareholders.

With all awards the Chairperson's decision is final.

2016 Judges

Jackie Beard, Morningstar, UK
David Holder, Morningstar, UK
James Carthew, Marten & Co
Simon Elliott, Winterflood Securities
Lawrence Gosling, Incisive Media
Nick Greenwood, Miton Asset Management
Jason Hollands, BestInvest
Simon Moore, Seven Investment Management
Andrew McHattie, The McHattie Group

Entry Form Questions:

*** Please note entries must be made via our online entry form - please contact for any queries ***