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
-14.8%
1 Year rank in sector
71/72
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
£209m (£221m 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
306.69
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Consumer Discretionary25.8%
    Financials20.8%
    Industrials18.5%
    Materials5.1%
    Utilities2%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%-0.3%-8.4%-14.8%27.9%72.5%
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector5 / 7344 / 7470 / 7271 / 722 / 582 / 47
Quartile1st3rd4th4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-15.8%22.7%20.9%32.4%3.8%
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector71 / 721 / 671 / 583 / 5330 / 47
Quartile4th1st1st1st3rd
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.
12.11
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.
-0.6
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.
0.42
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%.
13.99
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.
14.21
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.
0.47
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.
0.01
Price movement
52 week high379.72
52 week low280.98
Current bid price-
Current offer price-
Current mid price306.69
Region
No data available.
Industry sector
1Consumer Discretionary25.79%
2Financials20.84%
3Industrials18.51%
4Materials5.07%
5Utilities1.96%
6Telecommunications Utilities0.48%
7Consumer Staples-4.78%
8Real Estate-5.36%
9Health Care-7.2%
Asset type
No data available.
Individual holdings
1PRICELINE GROUP INC (THE)5.77%
2JRP GROUP PLC5.13%
3CF INDUSTRIES HOLDINGS INC5.1%
4MOTORPOINT GROUP PLC4.78%
5NATIONSTAR MORTGAGE HLDGS INC4.76%
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 price286.71
CurrencyGBX
Price updated01/12/2016
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 price273.06
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBEF1
City Financial Absolute Equity F 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 price82.78
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE29S
City Financial Absolute Equity F Inc
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 price82.72
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
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 price306.69
CurrencyGBX
Price updated01/12/2016
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 price284.52
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBEF3
City Financial Absolute Equity IH 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-
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£0
Min regular saving£0
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 price107.3
CurrencyGBX
Price updated01/12/2016
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 price106.94
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKAVI
Data provided by

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