Fact sheet: Close Tactical Slct Psv Bln

Fund information
Fund name
Close Tactical Select Passive Balanced X Acc
Fund manager company
Close Brothers AM
Fund type
Unit Trust
Fund managers
  • Weixu Yansince 26/10/2015
Fund objective
The investment objective of the Close Tactical Select Passive 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
23.9%
1 Year rank in sector
62/268
Sector
UT Mixed Investment 40%-85% 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.
0.51%
Fund size
£21m (£10m 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.
64
Top in this sector
Fund name1 Year
Orbis Gbl Bal45.8%
FP MA DRP VIII37.7%
CF Greenmount37.2%
HSBC Wld Seltn Advntr Pfl37%
SVS TPI Aggressive 136.9%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • Americas25.8%
    Not Specified24.3%
    UK23.8%
    Europe ex UK9.4%
    Money Market7.1%
  • No data available.
  • American Equity25.8%
    UK Equities23.8%
    Global Corporate Fixed Interest11.3%
    Europe ex UK Equities9.4%
    Global Fixed Interest9.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%1.8%9%23.9%29.2%54.9%
Sector3.3%2.7%8.6%19.7%22.9%50.6%
Rank within sector258 / 284215 / 280135 / 27762 / 26844 / 243101 / 208
Quartile4th4th2nd1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund1%17.6%2.4%7.3%11.4%
Sector2%13.3%2.2%5%13.5%
Rank within sector269 / 28339 / 268129 / 25250 / 242171 / 224
Quartile4th1st3rd1st4th
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.
1.69
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.
0.68
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%.
7.95
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.
2.26
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.
0.92
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.
0.92
Price movement
52 week high259.6
52 week low201.6
Current bid price-
Current offer price-
Current mid price258.6
Region
1Americas25.78%
2Not Specified24.27%
3UK23.82%
4Europe ex UK9.41%
5Money Market7.08%
6Asia Pacific ex Japan6.7%
7Japan2.94%
Industry sector
No data available.
Asset type
1American Equity25.78%
2UK Equities23.82%
3Global Corporate Fixed Interest11.27%
4Europe ex UK Equities9.41%
5Global Fixed Interest9.2%
6Money Market7.08%
7Asia Pacific ex Japan Equities6.7%
8Alternative Assets3.8%
9Japanese Equities2.94%
Individual holdings
1HSBC FTSE 250 INDEX C ACC7.76%
2VANGUARD FTSE UK ALL I-A7.24%
3VANGUARD US EQUITY INDEX A ACC5.93%
4PWRSHR S&P500 HI DVD LOW5.01%
5FIRST TRUST US EQUITY INCOME UCITS ETF A4.86%
6VANGUARD FUND PLC - S&P 500 ETF4.24%
7ISHARES MARKIT IBOXX GBP CORPORATE BOND4.23%
8UBS ETF MSCI EMU TRN A-AC4.22%
9LYXOR ETF GBP GILTS4.16%
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 Tactical Select Passive 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
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 Tactical Select Passive Balanced X Acc
Initial charge-
Annual charge0.3%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.51%
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price258.6
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOXO
Data provided by

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