Fact sheet: City Financial Divfd FxIn

Fund information
Fund name
City Financial Diversified Fixed Interest R Acc GBP
Fund manager company
City Financial Inv Company Ltd
Fund type
OEIC
Fund manager
  • Mark Harrissince 08/03/2014
Fund objective
The investment objective of City Financial Diversified Fixed Interest Fund is to provide a high level of income, primarily through investment in a concentrated portfolio of fixed interest securities. Although the main objective is to provide a high level of income, consideration will also be given to capital return.
Benchmark
  • IA £ Strategic Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.7%
1 Year rank in sector
68/81
Sector
UT Sterling Strategic Bond
Yield
5.8%
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.
1.24%
Fund size
£21m (£28m 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.
34
Mid price
175.62
Top in this sector
Fund name1 Year
Fidelity I Stg Cr + Bd15.1%
Natixis LS Stgc Inc15.1%
Fidelity UK Inv Grd Lg Cr15%
Fidelity Pre-Retirmnt Bd13.8%
AXA Framlington Mgd Inc12.4%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • International100%
  • Asset/Mortgage-Backed Securities34.8%
    High Yield Bond26.1%
    Fixed Interest18.6%
    Debt10.4%
    Others5.2%
  • Global Fixed Interest98.1%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.1%-0.8%4.7%10.8%27.7%
Sector0.9%2.6%2%7.7%13.5%30.7%
Rank within sector78 / 8476 / 8481 / 8468 / 8154 / 7350 / 63
Quartile4th4th4th4th3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund1.8%2.6%3.6%4.6%4.6%
Sector2.3%7.3%-0.3%6.8%2.6%
Rank within sector63 / 8476 / 781 / 7451 / 7223 / 65
Quartile3rd4th1st3rd2nd
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.
-0.44
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.
0.97
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.
0.03
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%.
4.56
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.
3.14
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.
-0.2
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.
0.53
Price movement
52 week high178.95
52 week low167.59
Current bid price-
Current offer price-
Current mid price175.62
Region
1International100%
Industry sector
1Asset/Mortgage-Backed Securities34.78%
2High Yield Bond26.12%
3Fixed Interest18.6%
4Debt10.43%
5Others5.19%
6Government Bonds4.89%
Asset type
1Global Fixed Interest98.08%
2Money Market1.92%
Individual holdings
No data available.
Management
Fund manager group
City Financial Inv Company
Fund manager company
City Financial Inv Company Ltd
Fund type
OEIC
Fund objective
The investment objective of City Financial Diversified Fixed Interest Fund is to provide a high level of income, primarily through investment in a concentrated portfolio of fixed interest securities. Although the main objective is to provide a high level of income, consideration will also be given to capital return.
Benchmark
  • IA £ Strategic Bond
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Mark Harris08/03/2014Mark was part of the Eden asset management team that joined City Financial in October 2012. He previously managed the CF Eden Global Multi-Strategy Fund and, prior to that, was head of multi-manager at New Star and Henderson Global Investors where he managed funds totalling £800 million, winning multiple industry awards for performance.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
City Financial Diversified Fixed Interest A Acc GBP
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.55
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2RI
City Financial Diversified Fixed Interest A Inc GBP
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE2RJ
City Financial Diversified Fixed Interest R Acc GBP
Initial charge-
Annual charge0.45%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.24%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price175.62
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQI70
City Financial Diversified Fixed Interest R Inc GBP
Initial charge-
Annual charge0.45%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.6
CurrencyGBX
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQI71
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.