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
  • Mark Seaverssince 01/01/2015
  • CFA. Davan Byrnesince 16/04/2015
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
  • MSCI World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
12.7%
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
£123m (£96m last year)
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq68.3%
Dodge & Cox Gbl Stk59.4%
RWC Global Horizon53.2%
Orbis SICAV Global Equity53.1%
SKAGEN Focus51.2%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America57%
    Europe11.8%
    Eurozone11.8%
    UK11.6%
    Japan4.7%
  • Financials18.7%
    Consumer Staples15%
    Health Care14.8%
    Industrials13.9%
    Energy7.7%
  • North American Equities57%
    European Equities11.8%
    Eurozone Equity 11.8%
    UK Equities11.6%
    Japanese Equities4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2%4.8%7.1%12.7%29.7%-
Sector2.4%7.4%6.8%22.7%20.6%51.2%
Rank within sector398 / 512454 / 506----
Quartile4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.8%----
Sector4.3%7.9%0.7%6%21.3%
Rank within sector493 / 509----
Quartile4th
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.
4.86
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.
0.55
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.
0.59
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%.
8.3
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.
7.69
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.
0.24
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.
0.38
Price movement
52 week high1.07
52 week low0.96
Current bid price-
Current offer price-
Current mid price1.07
Region
1North America57%
2Europe11.8%
3Eurozone11.8%
4UK11.6%
5Japan4.7%
6Asia Pacific ex Japan3.1%
Industry sector
1Financials18.7%
2Consumer Staples15%
3Health Care14.8%
4Industrials13.9%
5Energy7.7%
6Information Technology7.7%
7Telecommunications Utilities7.6%
8Materials5.9%
9Consumer Discretionary4.8%
Asset type
1North American Equities57%
2European Equities11.8%
3Eurozone Equity 11.8%
4UK Equities11.6%
5Japanese Equities4.7%
6Asia Pacific ex Japan Equities3.1%
Individual holdings
1JOHNSON & JOHNSON3.4%
2ALTRIA GROUP INC3%
3DU PONT(E.I.)DE NEMOURS & CO3%
4AT&T INC2.9%
5EXXON MOBIL CORP2.9%
6JPMORGAN CHASE & CO2.9%
7MERCK & CO INC(NEW)2.9%
8MICROSOFT CORP2.9%
9GENERAL ELECTRIC CO.2.8%
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
  • MSCI World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Mark Seavers01/01/2015Mark Seavers is the Chief Investment Officer of Davy Asset Management. Mark has over 28 years’ investment experience in a range of asset classes. He is the chairperson of the Davy Asset Management Asset Allocation Committee and is responsible for coordinating and overseeing the investment teams and strategies. Mark is also the Lead Fund Manager for Davy Asset Managements’ suite of Global Equity Income products. Mark joined Davy Asset Management in 2014, when Davy Asset Management acquired Prescient Investment Managers (previously Allied Irish Bank Investment Managers, AIBIM). Mark began his investment career in 1988 at AIBIM and was appointed to the Portfolio Management Team in 1992. Mark holds a Master of Arts in Economics and a Masters of Finance from University College Dublin
CFA. Davan Byrne16/04/2015Davan Byrne is an Associate Fund Manager in the Global Equity Investment team. He has over 2 years' investment experience. Davan works on the Global Equity Income strategy suite. Prior to joining Davy Asset Management in 2015, he worked in the Institutional Research department in Davy as a Food & Beverage analyst. Davan holds a Bachelor of Science (Hons) in Economics & Finance from University College Dublin, where he graduated first in his class. Davan is a CFA level III candidate and holds a Certificate in Stockbroking from the Institute of Banking, Ireland.
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 price1.6471
CurrencyEUR
Price updated16/02/2017
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 price1.5247
CurrencyEUR
Price updated16/02/2017
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 price1.3156
CurrencyEUR
Price updated16/02/2017
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 price1.2895
CurrencyEUR
Price updated16/02/2017
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 price1.2505
CurrencyGBP
Price updated16/02/2017
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 price1.2333
CurrencyGBP
Price updated16/02/2017
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 price1.066
CurrencyEUR
Price updated16/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFMZ
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