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
0.8%
1 Year rank in sector
76/77
Sector
UT Sterling Strategic Bond
Yield
6.5%
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.
1.26%
Fund size
£22m (£6m 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
170.84
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc12.8%
Fidelity I Stg Cr + Bd11.2%
Fidelity UK Inv Grd Lg Cr10.4%
Legg Mason IFBrwiGlInOp10.1%
AXA Framlington Mgd Inc9.4%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • International100%
  • Asset/Mortgage-Backed Securities36.6%
    High Yield Bond27.4%
    Debt14.2%
    Fixed Interest11.1%
    Government Bonds5.6%
  • Global Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-3.4%0.9%0.8%10.9%29.7%
Sector-0.8%-2.8%2.5%5.2%13.2%31.8%
Rank within sector76 / 8351 / 8274 / 8276 / 7748 / 7138 / 60
Quartile4th3rd4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.6%3.6%4.6%4.6%12.9%
Sector6.2%-0.3%6.8%2.6%12.6%
Rank within sector76 / 771 / 7451 / 7223 / 6439 / 61
Quartile4th1st3rd2nd3rd
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.
-0.56
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.
0.96
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
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%.
4.45
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.
3.05
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.
-0.24
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 low162.51
Current bid price-
Current offer price-
Current mid price170.84
Region
1International100%
Industry sector
1Asset/Mortgage-Backed Securities36.57%
2High Yield Bond27.38%
3Debt14.23%
4Fixed Interest11.09%
5Government Bonds5.58%
6Others5.14%
Asset type
1Global Fixed Interest100%
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
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.87
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2RI
City Financial Diversified Fixed Interest A Inc
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.94
CurrencyGBX
Price updated08/12/2016
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)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price170.84
CurrencyGBX
Price updated08/12/2016
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)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.48
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQI71
Data provided by

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