Fact sheet: City Financial Absolute Eq

Fund information
Fund name
City Financial Absolute Equity I Acc GBP
Fund manager company
City Financial Inv Company Ltd
Fund type
OEIC
Fund managers
  • David Crawfordsince 28/03/2008
Fund objective
The Absolute Equity Fund is a fundamental equity long/short strategy which aims to achieve a positive absolute return for investors over rolling 36 month periods, primarily through investment in UK and global equities. The Fund is managed against a cash benchmark, reflecting the aim to deliver a positive return in all stock market conditions over rolling 36 month periods. There is no actual guarantee that these returns will be achieved over the specified, or any, time period, and capital is not guaranteed. In seeking to achieve absolute returns, the Fund may from time to time behave independently to equity markets and can even fall in value when equity markets rise. The manager seeks to generate positive returns from each position but, at times when this does not occur, the Fund may suffer negative returns. This behavior is partly reflected in the Fund's Key Investor Information Document Synthetic Risk and Reward Indicator score of 5.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
5.7%
1 Year rank in sector
20/71
Sector
UT Targeted Absolute Return
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.
0.94%
Fund size
£235m (£335m 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.
102
Mid price
374.46
Top in this sector
Fund name1 Year
Schroder UKDynAbsRet16.1%
VT iFunds Absolute Rtn Orange13.9%
7IM Unconstrained12.5%
S&W Saltus Wealth12.2%
CF Ruffer Absolute Return11%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Industrials23.3%
    Financials18.6%
    Consumer Discretionary15.5%
    Materials10%
    Utilities6.2%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund7.3%15.9%26.9%5.7%37.9%145.9%
Sector-0.3%0.6%0.8%2.5%6.6%16.1%
Rank within sector1 / 771 / 771 / 7420 / 711 / 561 / 47
Quartile1st1st1st2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund15.2%-10.7%22.7%20.9%32.4%
Sector0.8%1%2.2%2.5%6.5%
Rank within sector1 / 7767 / 701 / 641 / 553 / 50
Quartile1st4th1st1st1st
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.
11.37
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.
-0.15
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.
0.45
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%.
14.2
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.
14.33
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.
0.53
Price movement
52 week high374.78
52 week low280.98
Current bid price-
Current offer price-
Current mid price374.46
Region
No data available.
Industry sector
1Industrials23.31%
2Financials18.65%
3Consumer Discretionary15.48%
4Materials10.01%
5Utilities6.18%
6Information Technology1.59%
7Telecommunications Utilities0.84%
8Real Estate-0.44%
9Health Care-0.59%
Asset type
No data available.
Individual holdings
1CAPITAL STAGE AG6.18%
2ON THE BEACH GROUP PLC5.95%
3MOTORPOINT GROUP PLC4.96%
4HOLLYWOOD BOWL GROUP PLC4.6%
5SAGA PLC4.1%
Management
Fund manager group
City Financial Inv Company
Fund manager company
City Financial Inv Company Ltd
Fund type
OEIC
Fund objective
The Absolute Equity Fund is a fundamental equity long/short strategy which aims to achieve a positive absolute return for investors over rolling 36 month periods, primarily through investment in UK and global equities. The Fund is managed against a cash benchmark, reflecting the aim to deliver a positive return in all stock market conditions over rolling 36 month periods. There is no actual guarantee that these returns will be achieved over the specified, or any, time period, and capital is not guaranteed. In seeking to achieve absolute returns, the Fund may from time to time behave independently to equity markets and can even fall in value when equity markets rise. The manager seeks to generate positive returns from each position but, at times when this does not occur, the Fund may suffer negative returns. This behavior is partly reflected in the Fund's Key Investor Information Document Synthetic Risk and Reward Indicator score of 5.
Benchmark
  • LIBOR GBP 3 month
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
David Crawford28/03/2008In March 2008 whilst at Octopus, David launched the Fund that is now named the City Financial Absolute Equity Fund.  Prior to Octopus, David co-managed a £500m UK smaller companies portfolio at Hermes, which demonstrated significant outperformance of the FTSE Small-Cap and AIM benchmark. He has more than 14 years of investment experience and joined City Financial in September 2012 having previously worked at Octopus Investments, Hermes Investment Management and M&G Investments. David graduated from Durham University with a first class Honours degree in Chemistry.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
City Financial Absolute Equity A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price349.46
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEF0
City Financial Absolute Equity A Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price332.82
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBEF1
City Financial Absolute Equity F Acc
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.04
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE29S
City Financial Absolute Equity F Inc
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.95
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE29T
City Financial Absolute Equity I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price374.46
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBEF2
City Financial Absolute Equity I Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price347.35
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBEF3
City Financial Absolute Equity IH Acc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE29Q
City Financial Absolute Equity IH Inc
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE29R
City Financial Absolute Equity R Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price131.08
CurrencyGBX
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKAVH
City Financial Absolute Equity R Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price130.61
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKAVI
Data provided by

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