Fact sheet: Close Balanced Portfolio

Fund information
Fund name
Close Balanced Portfolio X Acc
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund managers
  • Riitta Hujanensince 01/04/2013
Fund objective
The investment objective of the Close Balanced Portfolio Fund is to generate capital growth with some income.
Benchmark
  • IA Mixed Investment 40%-85% Shares
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
14.3%
1 Year rank in sector
206/267
Sector
UT Mixed Investment 40%-85% Shares
Yield
1.2%
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.
0.85%
Fund size
£1,070m (£978m 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.
56
Top in this sector
Fund name1 Year
Orbis Gbl Bal29.4%
HSBC Wld Seltn Advntr Pfl28.3%
S&W Acacia26.8%
SVS TPI Aggressive 126.7%
HSBC Gbl Strat Dyn Pfl26%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • Not Specified27.9%
    UK23.2%
    North America22.7%
    Europe ex UK11.7%
    Emerging Asia7.2%
  • No data available.
  • UK Equities23.2%
    North American Equities22.7%
    Global Corporate Fixed Interest18.1%
    Europe ex UK Equities11.7%
    Others7.2%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%4.4%6.4%14.3%24.1%51.7%
Sector0.3%3.1%4.6%16.6%26%49.9%
Rank within sector39 / 28142 / 28148 / 277206 / 267171 / 242120 / 210
Quartile1st1st1st4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund5.6%6.3%2.9%7.3%15.2%
Sector3.8%13.3%2.2%5%13.5%
Rank within sector29 / 278247 / 262102 / 24852 / 23996 / 224
Quartile1st4th2nd1st2nd
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.
-0.05
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.
0.88
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.
0.49
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%.
6.78
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.
-0.32
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 high180
52 week low155.9
Current bid price-
Current offer price-
Current mid price178.6
Region
1Not Specified27.85%
2UK23.18%
3North America22.68%
4Europe ex UK11.73%
5Emerging Asia7.15%
6Japan3.89%
7Money Market3.52%
Industry sector
No data available.
Asset type
1UK Equities23.18%
2North American Equities22.68%
3Global Corporate Fixed Interest18.05%
4Europe ex UK Equities11.73%
5Others7.15%
6Alternative Assets6.88%
7Japanese Equities3.89%
8Money Market3.52%
9Global Fixed Interest2.92%
Individual holdings
1ISHARES MSCI EMERGING MKTS IDX FD2.49%
2BRITISH AMERICAN TOBACCO2.48%
3HSBC PACIFIC INDEX-C ACC2.41%
4RELX PLC2.26%
5CARNIVAL CORP2.21%
6ADMIRAL GROUP PLC2.19%
7GKN2.17%
8ATOS SE2.09%
9CRODA INTERNATIONAL PLC2.09%
Management
Fund manager group
Close Brothers AM
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund objective
The investment objective of the Close Balanced Portfolio Fund is to generate capital growth with some income.
Benchmark
  • IA Mixed Investment 40%-85% Shares
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Riitta Hujanen01/04/2013Riitta joined Close Brothers Asset Management as Investment Director in July 2012, and was appointed manager of the Close Discretionary Portfolio Balanced Fund 1 April 2013 and of the Growth and Conservative Funds on 24 April 2013. Before joining CBAM, Riitta held fund management positions at Schroder’s Investment Management and Montanaro Fund Managers in London. Previously, she was Head of European equities at OKO Asset Management in Finland and worked at SEB Gyllenberg where she established Finland’s first multi-asset SRI mutual fund. Riitta holds an MSc. (Pol.) from the University of Helsinki and an MBA in International Finance from the Helsinki School of Economics and Business Administration.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Close Balanced Portfolio A Acc
Initial charge5%
Annual charge1.35%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price160.7
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUX6
Close Balanced Portfolio I Acc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price147.2
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGQ8D
Close Balanced Portfolio X Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price178.6
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOXE
Close Balanced Portfolio Y Acc
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.08%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price191.5
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0GXU
Data provided by

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