Fact sheet: Cavendish North American

Fund information
Fund name
Cavendish North American B Inc
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund manager
  • Tim Robertssince 14/05/2009
Fund objective
The objective of the North American Fund is to achieve long term capital growth.
Benchmark
  • S&P 500
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
23%
1 Year rank in sector
74/82
Sector
UT North America
Yield
0.4%
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.
0.81%
Fund size
£110m (£87m 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.
108
Mid price
239.6
Top in this sector
Fund name1 Year
VT De Lisle America54.2%
CF Canlife North American44.7%
Investec American42%
Aviva Inv US Equity Income40.8%
Aviva Inv US Eq Inc II40%
...more in UT North America

Performance snapshot

Holdings snapshot

  • North America95.9%
    Money Market4.1%
  • Technology15.6%
    Consumer Discretionary15.4%
    Financials14.6%
    Health Care13.2%
    Industrials12%
  • North American Equities95.9%
    Money Market4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%8.2%20.3%23%53.5%93.9%
Sector3%8.1%21.7%27.2%59.6%121.4%
Rank within sector71 / 8961 / 8765 / 8374 / 8261 / 7364 / 64
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund23%3.4%17.8%23.7%4.2%
Sector26.6%4.9%17.8%30.5%6.9%
Rank within sector74 / 8257 / 8048 / 7366 / 6655 / 64
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.
-1.17
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.
1.01
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.
0.96
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%.
11.79
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.
2.68
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.
-0.37
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.
0.95
Price movement
52 week high241.8
52 week low172
Current bid price-
Current offer price-
Current mid price239.6
Region
1North America95.9%
2Money Market4.1%
Industry sector
1Technology15.6%
2Consumer Discretionary15.4%
3Financials14.6%
4Health Care13.2%
5Industrials12%
6Energy7.8%
7Consumer Staples7.7%
8Communications6.8%
9Money Market4.1%
Asset type
1North American Equities95.9%
2Money Market4.1%
Individual holdings
1APPLE INC3%
2AMAZON.COM INC2.3%
3FACEBOOK INC2.2%
4ALPHABET INC2.1%
5VISA INC2.1%
6EXXON MOBIL CORP1.9%
7GENERAL ELECTRIC CO.1.9%
8HOME DEPOT INC1.8%
9JPMORGAN CHASE & CO1.8%
Management
Fund manager group
Cavendish Asset Management
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund objective
The objective of the North American Fund is to achieve long term capital growth.
Benchmark
  • S&P 500
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Tim Roberts14/05/2009Tim Roberts has 23 years of industry experience, nine of which being gained with Cavendish. Having studied History at Oxford, he spent time working with the Adam Smith Institute, Walker Crips and later Ruffer Investment Management before joining Cavendish in 1999. Tim has been investing in North American equities since 2007 and has been the manager of the North American Fund since launch in 2009.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Cavendish North American A Acc
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeETW7
Cavendish North American A Inc
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price232.2
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeETW6
Cavendish North American B Acc
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeETW5
Cavendish North American B Inc
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price239.6
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeETW4
Data provided by

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