Fact sheet: Baring Targeted Return

Fund information
Fund name
Baring Targeted Return Gross Inc
Fund manager company
Baring Asset Management Limite
Fund type
Unit Trust
Fund managers
  • Malcolm Herringsince 26/09/2011
Fund objective
The objective of the Fund is to aim for a total return of CPI + 5% per annum net of the Manager's fees, which shall include an income target of CPI + 1% per annum, in each case over a rolling 3 year period.
Benchmark
  • CPI + 5%
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
4.3%
1 Year rank in sector
252/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
3%
Fund size
£92m (£134m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
50
Bid price
113.5
Offer price
113.8
Top in this sector
Fund name1 Year
Orbis Gbl Bal35.2%
HSBC Wld Seltn Advntr Pfl23%
FP MA DRP VIII21%
HSBC Gbl Strat Dyn Pfl20.7%
SVS TPI Aggressive 120.2%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • International39.5%
    Money Market19.4%
    Europe ex UK13.7%
    UK12%
    Japan9.1%
  • No data available.
  • Cash & Cash Equivalents19.4%
    Global High Yield Fixed Interest15.1%
    Europe ex UK Equities13.7%
    UK Equities12%
    Japanese Equities9.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.6%3.5%4.3%14.8%30.7%
Sector-0.2%0.3%8.4%10%20.1%45.3%
Rank within sector191 / 280243 / 279260 / 276252 / 268216 / 240193 / 207
Quartile3rd4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.6%2.4%5%9.5%7.2%
Sector10.1%2.2%5%13.5%9%
Rank within sector250 / 268131 / 252143 / 242200 / 224166 / 207
Quartile4th3rd3rd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.49
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.04
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.13
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
6.46
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
2.16
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.6
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.89
Price movement
52 week high116.7
52 week low103.6
Current bid price113.5
Current offer price113.8
Current mid price-
Region
1International39.5%
2Money Market19.4%
3Europe ex UK13.7%
4UK12%
5Japan9.1%
6Not Specified6.3%
Industry sector
No data available.
Asset type
1Cash & Cash Equivalents19.4%
2Global High Yield Fixed Interest15.1%
3Europe ex UK Equities13.7%
4UK Equities12%
5Japanese Equities9.1%
6Others8%
7Global Index Linked7.4%
8Global Investment Grade Fixed Interest6.5%
9Property5.6%
Individual holdings
1US INDEX LINKED 3.375% 15.04.327.4%
2NB HIGH YIELD BOND I ACC GBP7.3%
3BAILLIE GIFFORD JAPANESE FUND6.6%
4MAYFAIR PROPERTY FUND5.6%
5AXA INV. MANAGERS US HIGH YIELD INC5.1%
6BARING EUROPE SELECT TRUST4.7%
7MEXICO(UNITED MEXICAN STATES) 10% BDS 05/12/24 MXN1004.3%
8ISHARES USD CORP. BOND3.3%
9M&G INVESTMENT MANAGEMENT CORPORATE BOND FUND3.3%
Management
Fund manager group
Baring
Fund manager company
Baring Asset Management Limite
Fund type
Unit Trust
Fund objective
The objective of the Fund is to aim for a total return of CPI + 5% per annum net of the Manager's fees, which shall include an income target of CPI + 1% per annum, in each case over a rolling 3 year period.
Benchmark
  • CPI + 5%
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Malcolm Herring26/09/2011Malcolm is a member of Barings Multi Asset Team and his responsibilities include co-managing Baring Multi-Manager Targeted Risk Funds and managing the Baring Portfolio Fund. He also has responsibility for Financials research, heading the Financial Global Sector Team. Malcolm works with the UK equity team in his areas of specialisation, the Financial and Property sectors. Malcolm's broad experience has included being involved in the management and marketing of charitable funds services for over 15 years. Malcolm joined the UK Equity research department in 1979 and the portfolio management team in 1981. He was appointed Divisional Director in 1989. He joined Baring Asset Management after graduating from the London School of Economics in 1979, where he was awarded a BSc in Monetary Economics.
Compliance
IA Recognised, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
Baring Targeted Return Gross Acc
Initial charge-
Annual charge0.5%
Min single investment£10,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.56%
Bid price151.7
Offer price152.3
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH901
Baring Targeted Return Gross Inc
Initial charge-
Annual charge0.5%
Min single investment£10,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.56%
Bid price113.5
Offer price113.8
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBO38
Data provided by

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