Fact sheet: Close Managed Conservative

Fund information
Fund name
Close Managed Conservative X Acc
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund managers
  • Matthew Stanesbysince 01/11/2014
  • James Daviessince 01/11/2014
  • Sam Grant-Daltonsince 01/11/2014
Fund objective
The investment objective of the Close Managed Conservative Fund is to achieve income and moderate capital growth.
Benchmark
  • IA Mixed Investment 20%-60% Shares
Investment style
Cautious,Growth
Investment method
None
Quick stats
1 Year return
6.5%
1 Year rank in sector
149/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
1.8%
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.
1.1%
Fund size
£74m (£37m 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.
44
Top in this sector
Fund name1 Year
AXA Global Distribution20.2%
S&W The Magpie18.8%
SVS TPI Balanced 218.8%
Investec Caut Mgd18.4%
AXA Lifetime Distribution16.7%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Not Specified49.4%
    UK15.1%
    Americas11.1%
    Money Market6.6%
    Europe ex UK6.3%
  • No data available.
  • Global Fixed Interest24.5%
    UK Equities15.1%
    Global Corporate Fixed Interest14.6%
    American Equity11.1%
    Alternative Assets10.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-0.2%6.4%6.5%18.8%39.5%
Sector-0.1%-0.2%6.3%8.3%16.6%35.5%
Rank within sector86 / 21497 / 21397 / 211149 / 20474 / 17376 / 144
Quartile2nd2nd2nd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.4%4.2%5.7%10.6%8.5%
Sector8.4%1.2%5%9%8%
Rank within sector152 / 20424 / 19077 / 17572 / 16188 / 145
Quartile3rd1st2nd2nd3rd
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.
0.87
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.
0.39
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%.
5.36
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.
1.69
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.
0.42
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.
0.9
Price movement
52 week high201.2
52 week low174.4
Current bid price-
Current offer price-
Current mid price197.5
Region
1Not Specified49.37%
2UK15.11%
3Americas11.09%
4Money Market6.61%
5Europe ex UK6.34%
6International4.05%
7Japan3.1%
8Asia Pacific ex Japan2.39%
9Global Emerging Markets1.94%
Industry sector
No data available.
Asset type
1Global Fixed Interest24.54%
2UK Equities15.11%
3Global Corporate Fixed Interest14.57%
4American Equity11.09%
5Alternative Assets10.26%
6Money Market6.61%
7Europe ex UK Equities6.34%
8International Equities4.05%
9Japanese Equities3.1%
Individual holdings
1SVS CH INVEST GR FIX INT-INC5.4%
2FIDELITY STRATEGIC BOND Y GRS ACC4.9%
3LYXOR FTSE ACTUARIES UK GILTS (DR) UCITS ETF GBP4.73%
4KAMES INVESTMENT GRADE BOND B INC4.72%
5ISHARES GBP CORP BOND 0-5YR4.52%
6KAMES STRATEGIC BOND B INC4.18%
7PFS 24 INV L GROS INC GBP4.18%
8JPM US EQUITY INCOME-C-INC3.83%
9NOMURA GLOBAL DYNAMIC BOND FUND3.65%
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 Conservative Fund is to achieve income and moderate capital growth.
Benchmark
  • IA Mixed Investment 20%-60% Shares
Investment style
Cautious,Growth
Investment method
None
Fund managers
NameSinceBiography
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.
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.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Close Managed Conservative A Acc
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price207.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0GVH
Close Managed Conservative A Inc
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price196.9
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0GVI
Close Managed Conservative 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)0.99%
Bid price-
Offer price-
Mid price197.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOXJ
Close Managed Conservative X Inc
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)0.99%
Bid price-
Offer price-
Mid price184.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGOXI
Data provided by

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