Fact sheet: Close Select Fixed Income

Fund information
Fund name
Close Select Fixed Income X
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund manager
  • Ian Goodhandsince 14/10/2012
Fund objective
The investment objective of the Close Select Fixed Income Fund is to generate income while maintaining its capital value over the medium term.
Benchmark
  • IA Unclassified
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.7%
1 Year rank in sector
39/67
Sector
UT Global Bonds
Yield
3.9%
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.
0.45%
Fund size
£97m (£79m 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.
26
Top in this sector
Fund name1 Year
M&G Global gvt bnd27.9%
Threadneedle EurpHdBd24.3%
Aberdeen World Gov Bd23.9%
Threadneedle Eurpn CrpBd23.4%
BlackRock Osea GovBdTrk23.2%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-3.9%2.7%4.7%16.8%-
Sector-3.8%-1.9%5.3%11.2%13.1%19.2%
Rank within sector25 / 6863 / 6939 / 6939 / 6718 / 57-
Quartile2nd4th3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.8%1.7%9%-1.8%-
Sector10.8%-1.3%3.8%-2%6.1%
Rank within sector38 / 6710 / 617 / 5837 / 55-
Quartile3rd1st1st3rd
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.
2.65
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.
0.47
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.
0.38
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%.
4.77
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.
4.98
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.
-0.07
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.
0.33
Price movement
52 week high108
52 week low97.06
Current bid price-
Current offer price-
Current mid price101.8
Region
No data available.
Industry sector
No data available.
Asset type
1Global Corporate Fixed Interest95.35%
2Money Market2.5%
3Global Fixed Interest2.15%
Individual holdings
1SOCIETY OF LLOYD'S 7.421% 21/06/494.09%
2J SAINSBURY PLC3.09%
3BHP BILLITON FINANCE LTD3.07%
4HEATHROW FINANCE PLC3.06%
5SOCIETY OF LLOYDS(THE) 4.75% SUB NTS 30/10/24 GBP1000002.97%
6DAILY MAIL & GENERAL TRUST 6.375% BDS 21/06/27 GBP500002.92%
7LEGAL & GENERAL GROUP2.84%
8INTERCONTINENTAL HOTELS2.8%
9SSE PLC 3.875% 09/10/492.8%
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 Select Fixed Income Fund is to generate income while maintaining its capital value over the medium term.
Benchmark
  • IA Unclassified
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Ian Goodhand14/10/2012Ian joined Close in June 07 as a Fixed Income Fund Manager. He has 16 years of investment experience predominantly in fixed income securities with institutions including Lloyds, Hill Samuel, Bloomberg and formerly Old Mutual Asset Management gaining experience by directing an institutional Gilt Hedge Fund portfolio. He specialises across the full spectrum of fixed income investment opportunities including conventional & alternative asset classes. Ian is a graduate of the University of Brighton
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
European Economic Community, United Kingdom
Close Select Fixed Income A Inc
Initial charge10%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.9
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGOZF
Close Select Fixed Income X
Initial charge-
Annual charge0.35%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.8
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN2OK
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.