Fact sheet: Close FTSE techMARK

Fund information
Fund name
Close FTSE techMARK X Acc
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund managers
  • Weixu Yansince 26/10/2015
Fund objective
The Scheme aims to track the FTSE techMARK Focus Index performance in capital terms.
Benchmark
  • FTSE techMARK Focus Index
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Quick stats
1 Year return
6.5%
1 Year rank in sector
6/6
Sector
UT Technology & Telecoms
Yield
1.3%
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.
0.7%
Fund size
£41m (£40m 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.
104
Top in this sector
Fund name1 Year
L&G Gbl Technology Idx Trst31.6%
AXA Framlington Gbl Tech25.5%
Cavendish Technology24%
Henderson Global Technology23.9%
MFM Techinvest Technology16.1%
...more in UT Technology & Telecoms

Performance snapshot

Holdings snapshot

  • UK100%
  • Aerospace & Defence23.6%
    Software22.2%
    Biotechnology/Medical21%
    Electronic & Electrical Equipment10.3%
    Healthcare & Medical Products9.6%
  • UK Equities100%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-5.1%9.2%6.5%42.8%113.1%
Sector-1%2.7%21.4%21.1%54.8%109.9%
Rank within sector3 / 77 / 77 / 76 / 65 / 65 / 6
Quartile2nd4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5%15.6%11.3%29.6%21.7%
Sector21.6%8%14%28.3%10.6%
Rank within sector7 / 71 / 65 / 62 / 61 / 6
Quartile4th1st4th2nd1st
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.
1.63
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.
0.74
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.
0.73
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%.
12.84
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.
8.9
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.
-0.26
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.
0.56
Price movement
52 week high194.9
52 week low146.2
Current bid price-
Current offer price-
Current mid price178.7
Region
1UK100%
Industry sector
1Aerospace & Defence23.56%
2Software22.2%
3Biotechnology/Medical20.97%
4Electronic & Electrical Equipment10.3%
5Healthcare & Medical Products9.63%
6Others5.89%
7Hardware5.75%
8Telecommunications1.7%
Asset type
1UK Equities100%
Individual holdings
1SHIRE PLC10.62%
2BAE SYSTEMS PLC8.51%
3SMITH & NEPHEW PLC8.13%
4SAGE GROUP7.04%
5PADDY POWER BETFAIR PLC5.79%
6BTG ORD GBP0.104.13%
7COBHAM PLC3.93%
8SPECTRIS PLC3.93%
9MICRO FOCUS INTERNATIONAL3.9%
Management
Fund manager group
Close Brothers AM
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund objective
The Scheme aims to track the FTSE techMARK Focus Index performance in capital terms.
Benchmark
  • FTSE techMARK Focus Index
Investment style
Passive/Tracking
Investment method
Physical - Full, Shares
Fund managers
NameSinceBiography
Weixu Yan26/10/2015Weixu joined Close Brothers in 2009 and heads up ETF research. He also manages the Close Tactical Select Conservative, Balanced and Growth Portfolio Funds as well as the Close techMARK fund. His investment universe comprises a full range of passive (Index funds and Exchange Traded Products) investments across the equity, bond and alternative spectrums. Weixu has an undergraduate degree in Business Studies and Economics from University of Manchester and an MSc in Investment Management with distinction from Cass Business School, London.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Close FTSE techMARK A Acc
Initial charge4.75%
Annual charge1.15%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.62%
Bid price-
Offer price-
Mid price180.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCS24
Close FTSE techMARK X Acc
Initial charge-
Annual charge0.45%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price178.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOXS
Data provided by

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