Fact sheet: Close Managed Balanced

Fund information
Fund name
Close Managed Balanced X Acc
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund managers
  • Sam Grant-Daltonsince 01/11/2014
  • Matthew Stanesbysince 01/11/2014
  • James Daviessince 01/11/2014
Fund objective
The investment objective of the Close Managed Balanced Fund is to generate capital growth with some income.
Benchmark
  • IA Mixed Investment 40%-85% Shares
Investment style
Balanced,Growth
Investment method
None
Quick stats
1 Year return
7.1%
1 Year rank in sector
209/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
1.1%
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.
1.1%
Fund size
£99m (£72m 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.
62
Top in this sector
Fund name1 Year
Orbis Gbl Bal34.6%
FP MA DRP VIII21.2%
HSBC Wld Seltn Advntr Pfl21%
CF Greenmount20.7%
S&W Millbank East River20.4%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • Americas24.1%
    International19.3%
    Not Specified18.1%
    UK16.8%
    Europe ex UK7.9%
  • No data available.
  • American Equity24.1%
    Global Fixed Interest17.9%
    UK Equities16.8%
    Europe ex UK Equities7.9%
    Alternative Assets7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%0.9%9.6%7.1%19.7%51%
Sector-2%0.4%8.9%9.5%18.7%46.9%
Rank within sector99 / 280109 / 279120 / 275209 / 268128 / 240103 / 207
Quartile2nd2nd2nd4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.3%4.7%5.5%14.1%10.9%
Sector9.9%2.2%5%13.5%9%
Rank within sector215 / 26842 / 252116 / 242123 / 22472 / 207
Quartile4th1st2nd3rd2nd
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.
-0.13
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.
1.07
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%.
7.67
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.
1.82
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.
0.15
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.
0.95
Price movement
52 week high212.3
52 week low173.9
Current bid price-
Current offer price-
Current mid price207.3
Region
1Americas24.08%
2International19.33%
3Not Specified18.08%
4UK16.8%
5Europe ex UK7.87%
6Asia Pacific ex Japan4.55%
7Japan4.46%
8Money Market2.83%
9Global Emerging Markets2%
Industry sector
No data available.
Asset type
1American Equity24.08%
2Global Fixed Interest17.93%
3UK Equities16.8%
4Europe ex UK Equities7.87%
5Alternative Assets7.01%
6Global Corporate Fixed Interest6.36%
7International Equities6.11%
8Asia Pacific ex Japan Equities4.55%
9Japanese Equities4.46%
Individual holdings
1ISHARES CORE FTSE 100 UCITS ETF4.99%
2LYXOR FTSE ACTUARIES UK GILTS (DR) UCITS ETF GBP4.72%
3SISF ASIAN TOT RET-CD GBP4.58%
4BROWN ADVIS US FLX EQ-C USD4.52%
5LIONTRUST SPECIAL SITUATIONS I INC4.25%
6SSGA SPDR S&P US Dividend Aristocrats UCITS USD4.25%
7ARTEMIS US EXT ALPHA-I ACC4.13%
8LM US EQ INCOME - X INC GBP4.04%
9FP CRUX EUROPEAN SP SIT-IRA4%
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 Managed Balanced Fund is to generate capital growth with some income.
Benchmark
  • IA Mixed Investment 40%-85% Shares
Investment style
Balanced,Growth
Investment method
None
Fund managers
NameSinceBiography
Sam Grant-Dalton01/11/2014Having joined Close Brothers in 2010, Sam manages discretionary portfolios and is co-manager of the Close Managed funds. Sam sits on the Multi Asset Committee, setting asset allocation across asset classes and is a key member of the Manager Research Committee. Sam holds a BSc with Hons from the University of Bristol and a Masters from Imperial College Business School. He also holds the Investment Management Certificate.
Matthew Stanesby01/11/2014Matthew joined Close Brothers in 2007 and heads up the Manager Research team which is responsible for the research, selection and monitoring of fund managers. He is also a portfolio manager for our Managed and Tactical Select range of multi-asset funds. Matthew started his career in the actuarial and investment consulting world and worked within the life insurance, pensions and investment teams at Mercer and Aon. He graduated from Nottingham University with a First Class Honours Degree in Mathematics with Engineering.
James Davies01/11/2014James is an investment manager and senior fund research specialist working within the Managed and Manager Research teams. He is co-manager of the Close Managed funds, and sits on the Multi Asset Committee. James began his investment career with Chartwell Group in 2003. From 2006 he headed up the firm’s fund research and in 2009 began managing their discretionary investment portfolios. In 2010 Chartwell was wholly acquired by Close Brothers Plc. James holds a BScEcon (Hons) in International Relations from Aberystwyth University.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Close Managed Balanced A Acc
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.87%
Total expense ratio (TER)2.03%
Bid price-
Offer price-
Mid price219.4
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0GVF
Close Managed Balanced X Acc
Initial charge-
Annual charge0.45%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price207.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOXK
Close Managed Balanced Y Acc
Initial charge-
Annual charge0.7%
Min single investment£100,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price222.9
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0GVG
Data provided by

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