Fact sheet: Cavendish UK Balanced Income

Fund information
Fund name
Cavendish UK Balanced Income B Inc
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund manager
  • Julian Lewissince 17/05/2010
Fund objective
The objective of the UK Balanced Income Fund is to provide income and growth.
Benchmark
  • FTSE All Share
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
16.5%
1 Year rank in sector
13/29
Sector
UT UK Equity & Bond Income
Yield
4.5%
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.
0.61%
Fund size
£53m (£41m 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.
68
Mid price
149.7
Top in this sector
Fund name1 Year
S&W Millbank Veracruz24.4%
S&W Hercules Growth24.3%
S&W Millbank Brooklyn23.4%
First Arrow Diversified23.2%
S&W Millbank Blackwall20.5%
...more in UT UK Equity & Bond Income

Performance snapshot

Holdings snapshot

  • UK98.1%
    Money Market1.9%
  • Financials25.5%
    Fixed Interest24.9%
    Consumer Discretionary21.9%
    Industrials6.7%
    Consumer Staples4.8%
  • UK Equities73.2%
    Global Fixed Interest24.9%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%3.8%6.1%16.5%23.9%71.1%
Sector0.6%3.6%5.7%15.6%24.6%50.4%
Rank within sector4 / 2814 / 2912 / 2913 / 2916 / 262 / 24
Quartile1st2nd2nd2nd3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund3.6%11.5%4.6%3.8%20.9%
Sector3.2%11.7%2.7%5.5%15.5%
Rank within sector11 / 2916 / 286 / 2620 / 254 / 24
Quartile2nd3rd1st4th1st
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.
0.37
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.
1.06
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.
0.38
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%.
8.2
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.
3.64
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.
0.17
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.
0.8
Price movement
52 week high151.5
52 week low126.3
Current bid price-
Current offer price-
Current mid price149.7
Region
1UK98.1%
2Money Market1.9%
Industry sector
1Financials25.5%
2Fixed Interest24.9%
3Consumer Discretionary21.9%
4Industrials6.7%
5Consumer Staples4.8%
6Energy4.6%
7Materials3.8%
8Utilities2.3%
9Health Care2.1%
Asset type
1UK Equities73.2%
2Global Fixed Interest24.9%
3Money Market1.9%
Individual holdings
1GALLIFORD TRY PLC3.2%
2RIO TINTO PLC3.2%
3HSBC HLDGS2.8%
4DIRECT LINE INSURANCE GROUP PLC2.7%
5TAYLOR WIMPEY PLC2.4%
6KIER GROUP2.2%
7LLOYDS BANKING GROUP PLC2.1%
8AVIVA2%
9PETROBRAS INTERNATIONAL FINANCE CO 6.25% BDS 14/12/26 GBP1000002%
Management
Fund manager group
Cavendish Asset Management
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund objective
The objective of the UK Balanced Income Fund is to provide income and growth.
Benchmark
  • FTSE All Share
Investment style
Aggressive
Investment method
None
Fund manager
NameSinceBiography
Julian Lewis17/05/2010Julian Lewis is Chief Investment Officer of Cavendish. He has significant experience in investment management, both in the UK and worldwide, as well as specific sector experience in the property, hotel and leisure industries. Julian qualified as an accountant after taking a first class degree in management science from Warwick University. In addition to Cavendish, he has run various other businesses including property and hotels. Julian is the manager of the Cavendish Worldwide and UK Balanced Income funds since inception and manager of the Cavendish North American Fund since 28th October 2016.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Cavendish UK Balanced Income A Acc
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeITS5
Cavendish UK Balanced Income A Inc
Initial charge5%
Annual charge0.5%
Min single investment£2,500
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price142.1
CurrencyGBX
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeITS6
Cavendish UK Balanced Income B Acc
Initial charge5%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeITS7
Cavendish UK Balanced Income B Inc
Initial charge5%
Annual charge0.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price149.7
CurrencyGBX
Price updated28/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeITS8
Data provided by

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