Fact sheet: Close Managed Inc

Fund information
Fund name
Close Managed Income 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 Income Fund is to achieve income with capital growth. The Fund aims to have a yield in excess of the FTSE All Share Index.
Benchmark
  • IA Mixed Investment 20%-60% Shares
Investment style
Balanced,Growth
Investment method
None
Quick stats
1 Year return
7.6%
1 Year rank in sector
91/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
3.2%
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.
1.1%
Fund size
£90m (£50m 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.
40
Top in this sector
Fund name1 Year
S&W The Magpie18.8%
AXA Global Distribution17.8%
SVS TPI Balanced 216.3%
S&W Wessex15.2%
HSBC Open Global Return14.7%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Not Specified51.5%
    UK15.3%
    International8.5%
    Americas6.6%
    Europe ex UK6.2%
  • No data available.
  • Global Fixed Interest25.8%
    UK Equities15.3%
    Global Corporate Fixed Interest14.4%
    Alternative Assets11.3%
    International Equities8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%0.4%6.4%7.6%20.4%48.3%
Sector-1.7%-0.6%6.3%7.1%14.8%35.7%
Rank within sector20 / 21461 / 213105 / 21091 / 20430 / 17328 / 144
Quartile1st2nd2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.6%4.5%6.4%10.3%11.1%
Sector7.6%1.2%5%9%8%
Rank within sector111 / 20420 / 19052 / 17577 / 16144 / 145
Quartile3rd1st2nd2nd2nd
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.
1.79
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.
0.6
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%.
4.74
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.
1.56
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.
0.74
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.
0.91
Price movement
52 week high205.2
52 week low179.6
Current bid price-
Current offer price-
Current mid price203.2
Region
1Not Specified51.49%
2UK15.3%
3International8.49%
4Americas6.55%
5Europe ex UK6.16%
6Money Market4.44%
7Japan3.47%
8Asia Pacific ex Japan2.22%
9Global Emerging Markets1.88%
Industry sector
No data available.
Asset type
1Global Fixed Interest25.83%
2UK Equities15.3%
3Global Corporate Fixed Interest14.39%
4Alternative Assets11.27%
5International Equities8.49%
6American Equity6.55%
7Europe ex UK Equities6.16%
8Money Market4.44%
9Japanese Equities3.47%
Individual holdings
1FIDELITY STRATEGIC BOND Y GRS ACC4.78%
2SCHRODER STRATEGIC CREDIT L INC4.72%
3HENDERSON STRATEGIC BOND I INC4.63%
4FIDELITY GLOBAL ENH IN-W-INC4.55%
5JPM US EQUITY INCOME-C-INC4.23%
6SVS CH INVEST GR FIX INT-INC4.06%
7NEWTON GLOBAL INCOME-I-W-A4.01%
8LYXOR FTSE ACTUARIES UK GILTS (DR) UCITS ETF GBP3.66%
9ROYAL LONDON STERLING EXTRA YIELD BOND Z INC3.64%
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 Income Fund is to achieve income with capital growth. The Fund aims to have a yield in excess of the FTSE All Share Index.
Benchmark
  • IA Mixed Investment 20%-60% Shares
Investment style
Balanced,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 Income 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)1.01%
Bid price-
Offer price-
Mid price203.2
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOXH
Close Managed Income 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)1.01%
Bid price-
Offer price-
Mid price178.6
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGOXG
Data provided by

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