Fact sheet: Discovery Balanced

Fund information
Fund name
Discovery Balanced B Inc GBP
Fund manager company
T. Bailey Fund Srvs Ltd (ACD)
Fund type
OEIC
Fund managers
  • Alan Durrantsince 01/12/2014
  • Richard Philbinsince 01/12/2014
Fund objective
The objective of the Fund is to provide returns through a combination of capital growth and income whilst being managed so as to remain, over a market cycle, within a defined volatility range.
Benchmark
No data available.
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
6.8%
1 Year rank in sector
115/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
3.3%
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.
1.68%
Fund size
£24m (£25m 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.
49
Mid price
118.08
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 Specified37.6%
    International20.4%
    UK13.4%
    North America7.1%
    Europe ex UK6.7%
  • No data available.
  • International Equities32.1%
    Others31.3%
    Global Fixed Interest28.1%
    Money Market8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%0.8%6.5%6.8%14.5%44.4%
Sector-1.7%-0.6%6.3%7.1%14.8%35.7%
Rank within sector113 / 21440 / 213103 / 210115 / 204114 / 17348 / 144
Quartile3rd1st2nd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.3%3%3.2%17.3%7.3%
Sector7.6%1.2%5%9%8%
Rank within sector137 / 20447 / 190154 / 1759 / 161109 / 145
Quartile3rd1st4th1st4th
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.
-0.9
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.
1.18
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.
0.24
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%.
6.46
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.
2.4
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.
-0.03
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.
0.88
Price movement
52 week high122.14
52 week low105.54
Current bid price-
Current offer price-
Current mid price118.08
Region
1Not Specified37.6%
2International20.4%
3UK13.4%
4North America7.1%
5Europe ex UK6.7%
6Japan6.3%
7Asia Pacific ex Japan4.6%
8Money Market3.9%
Industry sector
No data available.
Asset type
1International Equities32.1%
2Others31.3%
3Global Fixed Interest28.1%
4Money Market8.5%
Individual holdings
1BLACKSTONE BLACKSTONE/GSO LOAN FINANCING LIMITED7.94%
2MARGETTS ARDEVORA UK INCOME A ACC7.88%
3KBI INSTITUTIONAL NORTH AMERICA EQUITY A DIS GBP6.72%
4FUNDSMITH EQUITY I INC6.69%
5FP CRUX EUROPEAN SPECIAL SITUATIONS I INC GBP6.62%
6OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HEDGED ACC GBP6.58%
7BAILLIE GIFFORD CORPORATE BOND B INC6.31%
8SCHRODER ASIAN INCOME MAXIMISER Z INC5.35%
9ARTEMIS GLOBAL INCOME I INC5.23%
Management
Fund manager group
T. Bailey
Fund manager company
T. Bailey Fund Srvs Ltd (ACD)
Fund type
OEIC
Fund objective
The objective of the Fund is to provide returns through a combination of capital growth and income whilst being managed so as to remain, over a market cycle, within a defined volatility range.
Benchmark
No data available.
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Alan Durrant01/12/2014Alan Durrant is Chief Executive Officer of Wellian Investment Solutions. Previous roles for Alan were Group Chief Investment Officer at The National Bank of Abu Dhabi (NBAD) and prior to NBAD, was Head of Asset Management at Gulf Finance House. Before moving to the Middle East, Alan was Chief Investment Officer at Skandia Investment Management and Chairman of the investment committee. During his tenure the firm won the Best MultiManager at the prestigious Money Marketing Awards in three consecutive years. Whilst at Skandia, Alan conceived and launched the immensely popular Global Best Ideas and Asset Allocator ranges. Prior to Skandia, he was at Hargreaves Lansdown for 12 years, latterly as Investment Director.
Richard Philbin01/12/2014Richard Philbin is Chief Investment Officer of Wellian Investment Solutions. He is also the inventor of the highly regarded and publicised ‘Traffic Light Analysis’ system of assessing funds. Prior to Wellian, he was AXA Architas Multi Manager’s Chief Investment Officer where he chaired the investment committee and helped the company go from a foundling business to a top 5 player in the multi manager space in the UK with responsibility for assets of over £7 bn. Previously, Richard was Head of Multi Manager at F&C Investments. Whilst at F&C he launched the successful LifeStyle range of funds. Assets grew from £100m to over £1bn during his tenure.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Discovery Balanced A Acc EUR
Initial charge5%
Annual charge1.55%
Min single investment£5,000
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)2.53%
Total expense ratio (TER)2.33%
Bid price-
Offer price-
Mid price2.0873
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeVK43
Discovery Balanced A Acc GBP
Initial charge5%
Annual charge1.45%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.43%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price178.04
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDU93
Discovery Balanced A Acc USD
Initial charge5%
Annual charge1.55%
Min single investment£5,000
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)2.53%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price2.1628
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeVK95
Discovery Balanced A Inc GBP
Initial charge5%
Annual charge1.45%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.43%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price113.75
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDU94
Discovery Balanced B Acc GBP
Initial charge-
Annual charge0.7%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price132.54
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5ZY
Discovery Balanced B Inc GBP
Initial charge-
Annual charge0.7%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.08
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI5ZX
Discovery Balanced C Acc GBP
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.32
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYHV
Discovery Balanced C Inc GBP
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.78
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMYHU
Data provided by

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