Fact sheet: Castellain Value

Fund information
Fund name
Castellain Value A
Fund manager company
Castellain Capital LLP
Fund type
No data available.
Fund manager
  • Robert Goldsmithsince 01/02/2009
Fund objective
The Castellain Value Fund seeks to achieve capital appreciation over the medium-term by investing primarily in listed closed-end funds whose shares trade at a discount to their reported net asset values. We try to identify catalysts which will cause either (i) the discount to net asset value to narrow, or (ii) the net asset value to rise. Where appropriate, we mitigate market risk through hedging, although we often view the discount itself as a form of hedge.
Benchmark
  • FTSE All Share Index
Investment style
Absolute Return,Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
17.6%
1 Year rank in sector
2/123
Sector
FO Hedge/Stru Prod - Mixed
Yield
-
Fund size
£23m
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
Top in this sector
Fund name1 Year
LFIS VisionPremiaOpps18.7%
Castellain Value17.6%
Avia Altus14.6%
Garraway Garr FT11.1%
Nordea 1 Alpha 1510.6%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

  • UK58.4%
    Netherlands22.8%
    Switzerland9.9%
    France7.9%
    Money Market1%
  • Mutual Funds29%
    Private Equity25%
    Equities24%
    Fixed Interest16%
    Real Estate5%
  • International Equities99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.6%11.3%17.6%29.2%81.3%
Sector-0.5%-1.2%-0.2%-2.1%3.2%6.9%
Rank within sector-2 / 1401 / 1372 / 1235 / 823 / 68
Quartile1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund15.8%4.9%6.5%17%21.4%
Sector-1.3%-0.6%5.1%1.4%1.9%
Rank within sector2 / 12416 / 10829 / 894 / 812 / 72
Quartile1st1st2nd1st1st
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.
7.27
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.
1.1
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.
0.8
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%.
6.45
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.
6.05
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.
1.19
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.
0.12
Price movement
52 week high3.78
52 week low3.17
Current bid price-
Current offer price-
Current mid price3.78
Region
1UK58.41%
2Netherlands22.77%
3Switzerland9.9%
4France7.92%
5Money Market1%
Industry sector
1Mutual Funds29%
2Private Equity25%
3Equities24%
4Fixed Interest16%
5Real Estate5%
6Money Market1%
Asset type
1International Equities99%
2Money Market1%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Castellain Capital LLP
Fund type
No data available.
Fund objective
The Castellain Value Fund seeks to achieve capital appreciation over the medium-term by investing primarily in listed closed-end funds whose shares trade at a discount to their reported net asset values. We try to identify catalysts which will cause either (i) the discount to net asset value to narrow, or (ii) the net asset value to rise. Where appropriate, we mitigate market risk through hedging, although we often view the discount itself as a form of hedge.
Benchmark
  • FTSE All Share Index
Investment style
Absolute Return,Multi Strategy
Investment method
Mixed
Fund manager
NameSinceBiography
Robert Goldsmith01/02/2009Robert Goldsmith is a founding partner of Castellain Capital LLP. Robert manages the Castellain Value Fund. Previously, Robert spent eight years with Dawnay, Day International as Director of Principal Investments. During his tenure, he was an active investor in a number of closed-end investment companies including split capital investment trusts, property companies, and other asset-backed situations. Robert also played a key role in structuring two of Dawnay, Day's listed overseas property funds, which raised over EUR 1 billion of equity between 2005 and 2007. He has served on the board of a number of investment trusts including Investec European Growth & Income Trust and Britannic UK Income Trust. Robert has a First Class BSc (Hons) in Computer Science from the University of Birmingham.
Compliance
Reporting Fund Status
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey, Offshore
Castellain Value A
Initial charge-
Annual charge1.25%
Min single investment£100,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price3.7765
CurrencyGBP
Price updated31/10/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKYWR
Castellain Value A6
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 price3.31
CurrencyGBP
Price updated31/12/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN03L
Castellain Value B
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 price3.2546
CurrencyGBP
Price updated31/12/2015
Type-
Institutional or retail classRetail
Domicile-
Citi codeN03M
Data provided by

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