Fact sheet: Canlife UK Property Jersey

Fund information
Fund name
Canlife UK Property Jersey Acc
Fund manager company
CF Canada Life Investments
Fund type
Unit Trust
Fund manager
  • Michael Whitesince 17/11/2005
Fund objective
The fund aims to provide investors with a total return consistent with a balanced UK commercial property portfolio. It will invest primarily in the main UK commercial property sectors (offices, retail, industrial, warehousing and leisure). The fund may also hold investments in property related equities, gilts and cash. A 'bricks and mortar' fund that invests in property offering a steady and rising income coupled with the potential for long-term capital growth.
Benchmark
  • IPD UK Monthly Index (Retail)
Investment style
None
Investment method
Physical
Quick stats
1 Year return
1.6%
1 Year rank in sector
28/53
Sector
UT Property
Yield
-
Fund size
£58m (£57m 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.
58
Bid price
2606.3
Offer price
2736.85
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop35.6%
Schroder Gbl Rel Est Sec Inc23.5%
First State AsianPropSec22%
BlackRock Gbl PrpSecEqTrk20.9%
F&C Gbl Real Est Secs20.2%
...more in UT Property

Performance snapshot

Holdings snapshot

  • South East UK39.4%
    London16.7%
    Money Market12.9%
    Midlands11.7%
    Scotland7.6%
  • Offices - Property47.9%
    Retail - Property17.6%
    Industrial - Property15.2%
    Money Market12.9%
    Leisure - Property3.5%
  • Property87.1%
    Cash & Cash Equivalents12.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%7.5%-1%1.6%30.4%99%
Sector-1.5%-0.8%1.5%3.8%20.6%34.3%
Rank within sector1 / 494 / 5630 / 5528 / 5315 / 452 / 40
Quartile1st1st3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund1.1%12%13.8%37.1%12.7%
Sector3%5.4%10.7%4.7%6.7%
Rank within sector26 / 537 / 5222 / 471 / 4313 / 40
Quartile2nd1st2nd1st2nd
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.
12.13
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.
-0.39
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.
0.97
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%.
6.01
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.
9.61
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.
0.32
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.
0.14
Price movement
52 week high2637.44
52 week low2412.92
Current bid price2606.3
Current offer price2736.85
Current mid price-
Region
1South East UK39.37%
2London16.72%
3Money Market12.9%
4Midlands11.67%
5Scotland7.58%
6Northern UK6.45%
7South West UK5.31%
Industry sector
1Offices - Property47.9%
2Retail - Property17.6%
3Industrial - Property15.2%
4Money Market12.9%
5Leisure - Property3.5%
6Warehouse - Property2.9%
Asset type
1Property87.1%
2Cash & Cash Equivalents12.9%
Individual holdings
1FIRST QUARTER EPSOM (INDUSTRIAL)12.2%
2GOLDEN LANE, LONDON (OFFICE)12.2%
3FELSTEAD HOUSE, WINDSOR (OFFICE)10.7%
4CATHEDRAL PLACE, BIRMINGHAM (OFFICE)8.6%
515 -17 GORDON STREET, GLASGOW (RETAIL)7.6%
Management
Fund manager group
Canada Life Investments
Fund manager company
CF Canada Life Investments
Fund type
Unit Trust
Fund objective
The fund aims to provide investors with a total return consistent with a balanced UK commercial property portfolio. It will invest primarily in the main UK commercial property sectors (offices, retail, industrial, warehousing and leisure). The fund may also hold investments in property related equities, gilts and cash. A 'bricks and mortar' fund that invests in property offering a steady and rising income coupled with the potential for long-term capital growth.
Benchmark
  • IPD UK Monthly Index (Retail)
Investment style
None
Investment method
Physical
Fund manager
NameSinceBiography
Michael White17/11/2005Michael has been with Canada Life Investments since 1986. As our Property Investment Director he devises the annual investment strategy for UK and Ireland property funds and leads the investment acquisition programme in finding suitable product to match the requirements of each individual fund. Michael is a professional member of the Royal Institution of Chartered Surveyors.
Compliance
IA Recognised, Reporting Fund Status
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife UK Property Jersey Acc
Initial charge5%
Annual charge1.5%
Min single investment£75,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.87%
Bid price2606.3
Offer price2736.85
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQF96
Canlife UK Property Jersey Inc
Initial charge5%
Annual charge1.5%
Min single investment£75,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.87%
Bid price1882.36
Offer price1976.65
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeQF13
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.