Fact sheet: Davy Defensive Eq Inc

Fund information
Fund name
Davy Defensive Equity Income M Acc EUR
Fund manager company
Davy Asset Management
Fund type
OEIC
Fund managers
  • Chantal Brennansince 15/03/2016
Fund objective
The investment objective of the Defensive Equity Income Fund is to achieve long term capital growth with reduced levels of volatility compared to global equity markets. The Fund invests in Quality global equities which are expected to provide a higher than average dividend yield coupled with an ability to grow these dividends. One of the key features of the Fund is the use of call option premiums to purchase some “insurance” against significant market falls.
Benchmark
  • 2/3 MSCI World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3%
1 Year rank in sector
-
Sector
FO Equity - International
Yield
-
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.
0.55%
Fund size
£116m (£96m last year)
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq50.5%
Schroder ISF Gbl Rec42.1%
Dodge & Cox Gbl Stk38.8%
SKAGEN Focus36.1%
Dimensional Gbl Small Cos35%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America54.2%
    UK13.2%
    Europe12.3%
    Eurozone12.2%
    Japan4.8%
  • Financials17.4%
    Consumer Staples16.2%
    Health Care14.9%
    Industrials14.1%
    Telecommunications Utilities7.6%
  • North American Equities54.2%
    UK Equities13.2%
    European Equities12.3%
    Eurozone Equity 12.2%
    Japanese Equities4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%2.5%4.1%3%23.3%-
Sector2.9%0.7%5.1%6.1%16.8%56%
Rank within sector157 / 500167 / 497----
Quartile2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector6.8%0.7%6%21.3%12.7%
Rank within sector-----
Quartile
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.
3.97
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.
0.57
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.
0.36
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%.
8.33
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.
7.49
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.
0.25
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.
0.42
Price movement
52 week high1.03
52 week low0.96
Current bid price-
Current offer price-
Current mid price1.03
Region
1North America54.2%
2UK13.2%
3Europe12.3%
4Eurozone12.2%
5Japan4.8%
6Asia Pacific ex Japan3.3%
Industry sector
1Financials17.4%
2Consumer Staples16.2%
3Health Care14.9%
4Industrials14.1%
5Telecommunications Utilities7.6%
6Energy7.5%
7Information Technology6.4%
8Materials5.8%
9Consumer Discretionary5.5%
Asset type
1North American Equities54.2%
2UK Equities13.2%
3European Equities12.3%
4Eurozone Equity 12.2%
5Japanese Equities4.8%
6Asia Pacific ex Japan Equities3.3%
Individual holdings
1JOHNSON & JOHNSON3.5%
2ALTRIA GROUP INC3.1%
3GENERAL ELECTRIC CO.3%
4MICROSOFT CORP2.9%
5AT&T INC2.8%
6DU PONT(E.I.)DE NEMOURS & CO2.8%
7EXXON MOBIL CORP2.8%
8MERCK & CO INC(NEW)2.8%
9PEPSICO INC2.8%
Management
Fund manager group
No data available.
Fund manager company
Davy Asset Management
Fund type
OEIC
Fund objective
The investment objective of the Defensive Equity Income Fund is to achieve long term capital growth with reduced levels of volatility compared to global equity markets. The Fund invests in Quality global equities which are expected to provide a higher than average dividend yield coupled with an ability to grow these dividends. One of the key features of the Fund is the use of call option premiums to purchase some “insurance” against significant market falls.
Benchmark
  • 2/3 MSCI World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Chantal Brennan15/03/2016Chantal Brennan is the Chief Investment Officer of Davy Asset Management. She has over 20 years' investment experience. Chantal is the chairperson of the Davy Asset Management Asset Allocation Committee and is responsible for coordinating and overseeing the investment teams and strategies. Prior to joining Davy Asset Management in 2014, she was the Managing Director of PineBridge Investment’s Global Small and Mid-Capitalisation Equities. She was also a member of various investment committees. In 2010, AIG sold its third party asset management business which became PineBridge Investments. At AIG Global Investment Group, Chantal won many investment awards. She began her investment career with Standard Life. Chantal holds a Master of Science in Investment and Treasury from Dublin City University, a Master of Arts and a Bachelor of Arts in Economics from University College Dublin. She is a Member of the UK Society of Investment Professionals and the CFA Institute.
Compliance
IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Ireland, Jersey, Offshore
Davy Defensive Equity Income A Acc EUR
Initial charge-
Annual charge0.43%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price1.5841
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0XUU
Davy Defensive Equity Income B Acc EUR
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price1.4668
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0XUV
Davy Defensive Equity Income C Acc EUR
Initial charge-
Annual charge1.4%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price1.2677
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0XUW
Davy Defensive Equity Income D Acc EUR
Initial charge-
Annual charge0.68%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price1.2408
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJE3M
Davy Defensive Equity Income G
Initial charge-
Annual charge0.68%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price104.9795
CurrencyGBP
Price updated22/12/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMQZX
Davy Defensive Equity Income H Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price1.2037
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMX2C
Davy Defensive Equity Income H Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.88%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price1.2037
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMX2D
Davy Defensive Equity Income M Acc EUR
Initial charge-
Annual charge0.3%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price1.025
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFMZ
Data provided by

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