Fact sheet: CF Ruffer Absolute Return

Fund information
Fund name
CF Ruffer Absolute Return C Acc
Fund manager company
Ruffer LLP
Fund type
OEIC
Fund managers
  • Steve Russellsince 31/01/2006
  • David Ballancesince 01/03/2010
Fund objective
The fund aims to achieve low volatility and positive returns in all market conditions from an actively managed portfolio of equities or equity related securities (including convertibles), corporate and government bonds and currencies. Capital invested is at risk and there is no guarantee that a positive return will be delivered over any one or a number of twelve-month periods. The fund may also invest in collective investment schemes, cash, money market instruments and derivatives and forward transactions. Pervading this objective is a fundamental philosophy of capital preservation. In selecting investments the fund will adopt a stock picking approach and will not adopt any investment weightings by reference to any benchmark.
Benchmark
No data available.
Investment style
Absolute Return,Balanced
Investment method
None
Quick stats
1 Year return
8.9%
1 Year rank in sector
3/72
Sector
UT Targeted Absolute Return
Yield
1.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.23%
Fund size
£3,676m (£2,727m 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.
49
Mid price
213.77
Top in this sector
Fund name1 Year
Majedie Tortoise23.6%
Jupiter Absolute Return10.6%
CF Ruffer Absolute Return8.9%
Newton Mgd Tgtd Rtn8.7%
7IM Unconstrained8.1%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Not Specified33%
    International19%
    Japan15%
    Money Market12%
    UK10%
  • No data available.
  • Global Index Linked42%
    Japanese Equities15%
    Money Market12%
    UK Equities10%
    Commodity & Energy6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%0.4%10.6%8.9%19.2%34.5%
Sector-0.6%-0.4%0.8%0%5.5%14.9%
Rank within sector46 / 7427 / 741 / 723 / 726 / 588 / 47
Quartile3rd2nd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund11.3%0.3%5.6%10.3%2.8%
Sector-0.1%2.2%2.5%6.5%3.3%
Rank within sector2 / 7249 / 6717 / 5816 / 5334 / 47
Quartile1st3rd2nd2nd3rd
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.
0.87
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.
0.86
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%.
5.71
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.
2.88
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.
0.02
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.
0.77
Price movement
52 week high215.1
52 week low183.21
Current bid price-
Current offer price-
Current mid price213.77
Region
1Not Specified33%
2International19%
3Japan15%
4Money Market12%
5UK10%
6North America5%
7Europe4%
8Asia Pacific ex Japan2%
Industry sector
No data available.
Asset type
1Global Index Linked42%
2Japanese Equities15%
3Money Market12%
4UK Equities10%
5Commodity & Energy6%
6North American Equities5%
7European Equities4%
8Alternative Investment Strategies3%
9Asia Pacific ex Japan Equities2%
Individual holdings
1TREASURY 1.875% IDX LKD GILT 22/11/22 GBP4.2%
2US TIPS 1.25% 20204.2%
3TREASURY 0.375% IDX-LKD GILT 22/03/62 GBP3.5%
4TREASURY 1.25% IDX-LKD GILT 22/11/55 GBP0.013.4%
5US TIPS 0.125% 20222.9%
6BP PLC2%
7MITSUBISHI UFJ FINANCIAL GROUP1.6%
8SUMITOMO MITSUI FINANCIAL GROUP INC1.5%
9LLOYDS BANKING GROUP PLC1.4%
Management
Fund manager group
Ruffer
Fund manager company
Ruffer LLP
Fund type
OEIC
Fund objective
The fund aims to achieve low volatility and positive returns in all market conditions from an actively managed portfolio of equities or equity related securities (including convertibles), corporate and government bonds and currencies. Capital invested is at risk and there is no guarantee that a positive return will be delivered over any one or a number of twelve-month periods. The fund may also invest in collective investment schemes, cash, money market instruments and derivatives and forward transactions. Pervading this objective is a fundamental philosophy of capital preservation. In selecting investments the fund will adopt a stock picking approach and will not adopt any investment weightings by reference to any benchmark.
Benchmark
No data available.
Investment style
Absolute Return,Balanced
Investment method
None
Fund managers
NameSinceBiography
Steve Russell31/01/2006Steve Russell was graduated from Oxford in PPE and started work as an equity analyst at Confederation Life in 1987, progressing to Head of Equities. In 1999 he moved to HSBC Investment Bank as Head of UK and European Equity Strategy, before joining Ruffer in 2003. He is also co-manager of the Ruffer Investment Company.
David Ballance01/03/2010David Balance was Previously International Equities Head at Rothschild Private Management, he graduated from Oxford and was a Senior Investment Manager at Allied Dunbar, before moving to Threadneedle as Head of European Equities. He joined Ruffer in 2006.
Compliance
Distributor Status, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
CF Ruffer Absolute Return A Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price185.87
CurrencyGBX
Price updated04/12/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKQQ3
CF Ruffer Absolute Return A Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price164.38
CurrencyGBX
Price updated04/12/2015
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKQQ2
CF Ruffer Absolute Return C Acc
Initial charge7.5%
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price213.77
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQF97
CF Ruffer Absolute Return C Inc
Initial charge7.5%
Annual charge1.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price171.56
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQF10
CF Ruffer Absolute Return I Acc
Initial charge7.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price215.81
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLEN
CF Ruffer Absolute Return I Inc
Initial charge7.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price175.33
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGLEO
CF Ruffer Absolute Return L Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN0VO
CF Ruffer Absolute Return L Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.58
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN58A
CF Ruffer Absolute Return O Acc
Initial charge7.5%
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price207.2
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQF11
CF Ruffer Absolute Return O Inc
Initial charge7.5%
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price166.04
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQF12
Data provided by

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