Fact sheet: Cavendish Technology

Fund information
Fund name
Cavendish Technology B Inc
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund manager
  • Alison Hydesince 14/05/2009
Fund objective
The objective of this fund is to achieve long term capital growth.
Benchmark
  • FTSE AW Technology
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
24.3%
1 Year rank in sector
3/6
Sector
UT Technology & Telecoms
Yield
-
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.
0.85%
Fund size
£41m (£32m 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.
110
Mid price
369.2
Top in this sector
Fund name1 Year
L&G Gbl Technology Idx Trst28%
AXA Framlington Gbl Tech27.4%
Cavendish Technology24.3%
Henderson Global Technology23.9%
MFM Techinvest Technology18.6%
...more in UT Technology & Telecoms

Performance snapshot

Holdings snapshot

  • No data available.
  • Software30.5%
    Internet23.3%
    Communications Equipment10.3%
    Semi Conductors8.4%
    Others8.1%
  • International Equities94.4%
    Money Market5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.5%5.8%24.1%24.3%69.1%112.2%
Sector-3.6%3.7%21%20.9%54.3%112%
Rank within sector3 / 73 / 73 / 73 / 63 / 66 / 6
Quartile2nd2nd2nd2nd2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund24.2%14%14.1%24.5%5%
Sector21.1%8%14%28.3%10.6%
Rank within sector4 / 72 / 64 / 63 / 65 / 6
Quartile3rd2nd3rd2nd4th
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.
2.56
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.
1.09
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.
1.2
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%.
14.54
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.
4.07
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.
0.92
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.
0.92
Price movement
52 week high387.6
52 week low253.4
Current bid price-
Current offer price-
Current mid price369.2
Region
No data available.
Industry sector
1Software30.5%
2Internet23.3%
3Communications Equipment10.3%
4Semi Conductors8.4%
5Others8.1%
6Hardware7.5%
7Money Market5.6%
8Retail3.3%
9Information Technology3%
Asset type
1International Equities94.4%
2Money Market5.6%
Individual holdings
1MICROSOFT CORP8.8%
2ALPHABET INC8.5%
3APPLE INC7.5%
4FACEBOOK INC5.3%
5CISCO SYSTEMS INC3.9%
6TENCENT HLDGS LTD2.9%
7AMAZON.COM INC2.4%
8ORACLE CORP2.2%
9ADOBE SYSTEMS INC2.1%
Management
Fund manager group
Cavendish Asset Management
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund objective
The objective of this fund is to achieve long term capital growth.
Benchmark
  • FTSE AW Technology
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Alison Hyde14/05/2009Alison Hyde has 20 years of industry experience. Joining Cavendish in 1996, she has progressed through the company having worked initially within Fund Operations. Moving into the front office in 2003, Alison took responsibility for the management of a technology focused portfolio. In 2006 she completed the CFA® Program and subsequently was awarded the charter later the same year. She is also a holder of the IMC, STA Diploma and has been awarded the CFTe designation. Alison has managed the Cavendish Technology Fund since launch in 2009
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Cavendish Technology 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 price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeETX1
Cavendish Technology A Inc
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price348.4
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeETX0
Cavendish Technology 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)0.89%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeETW9
Cavendish Technology B Inc
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price369.2
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeETW8
Data provided by

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