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 27/09/2011
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
12.8%
1 Year rank in sector
252/268
Sector
UT Mixed Investment 40-85% Shares
Yield
3%
Fund size
£84m (£123m 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.
48
Bid price
121
Offer price
121.4
Top in this sector
Fund name1 Year
HSBC Wld Seltn Advntr Pfl32.5%
FP MA DRP VIII32%
Orbis Gbl Bal31.7%
S&W Acacia31.2%
CF Greenmount30.7%
...more in UT Mixed Investment 40-85% Shares

Performance snapshot

Holdings snapshot

  • International27.9%
    Europe ex UK18.1%
    UK15.2%
    Others11.8%
    Japan9.8%
  • No data available.
  • Europe ex UK Equities18.1%
    UK Equities15.2%
    Global High Yield Fixed Interest14.4%
    Others11.8%
    Japanese Equities9.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%4%8.1%12.8%20.3%43%
Sector1.9%2.8%8.3%19.5%27.3%57.9%
Rank within sector132 / 28256 / 279158 / 275252 / 268218 / 241191 / 208
Quartile2nd1st3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund6.3%6.1%2.4%5%9.5%
Sector5.5%13.3%2.2%5%13.5%
Rank within sector101 / 276247 / 260127 / 246139 / 237197 / 222
Quartile2nd4th3rd3rd4th
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.
-1.42
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
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.
0.39
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%.
6.25
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.
2.19
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.
-0.65
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.
0.87
Price movement
52 week high121
52 week low108.1
Current bid price121
Current offer price121.4
Current mid price-
Region
1International27.9%
2Europe ex UK18.1%
3UK15.2%
4Others11.8%
5Japan9.8%
6Not Specified6.3%
7Global Emerging Markets5.6%
8Money Market5.3%
Industry sector
No data available.
Asset type
1Europe ex UK Equities18.1%
2UK Equities15.2%
3Global High Yield Fixed Interest14.4%
4Others11.8%
5Japanese Equities9.8%
6Global Index Linked7.1%
7Global Investment Grade Fixed Interest6.4%
8Property6.3%
9Global Emerging Market Equities5.6%
Individual holdings
1UNITED STATES OF AMER TREAS BONDS 3.375% BDS 15/4/2032 USD10007.08%
2BAILLIE GIFFORD JAPANESE B INC6.84%
3MAYFAIR CAPITAL PROPERTY INCOME TRUST FOR CHARITIES6.34%
4BARING EUROPE SELECT I INC GBP5.23%
5BARINGS UMBRELLA FUND US HIGH YIELD BD COMPONENT TR X USD DIS4.76%
6SOURCE PHYSICAL GOLD USD3.92%
7SOURCE PHYSICAL GOLD USD3.92%
8MEXICO(UNITED MEXICAN STATES) 10% BDS 05/12/24 MXN1003.72%
9NB HIGH YIELD BOND I INC USD3.6%
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 Herring27/09/2011Malcolm 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 price163.6
Offer price164.3
Mid price-
CurrencyGBX
Price updated25/05/2017
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 price121
Offer price121.4
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBO38
Data provided by

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