Fact sheet: Discovery Managed Gth

Fund information
Fund name
Discovery Managed Growth B GBP
Fund manager company
T. Bailey Fund Srvs Ltd (ACD)
Fund type
OEIC
Fund managers
  • Richard Philbinsince 01/12/2014
  • Alan Durrantsince 01/12/2014
Fund objective
The objective of the Fund is to provide capital growth whilst being managed so as to remain, over a market cycle, within a defined volatility range.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
7.7%
1 Year rank in sector
140/223
Sector
UT Flexible Investment
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.
2.1%
Fund size
£3m (£3m 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.
66
Mid price
141.69
Top in this sector
Fund name1 Year
M&G Managed Growth26.1%
Margetts Venture Strategy21.7%
The Divsftion ICVC21.1%
CF Miton Worldwide Opps20.1%
CF IM Global Strategy19.9%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • Not Specified25.7%
    Asia Pacific ex Japan12.4%
    International12.2%
    Europe ex UK12%
    North America11.6%
  • No data available.
  • International Equities69.2%
    Others18.3%
    Global Fixed Interest10.4%
    Money Market2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%1%7.3%7.7%20.6%53.2%
Sector-1.9%0.6%8.6%8.4%17.5%45.4%
Rank within sector189 / 252101 / 246160 / 246140 / 22381 / 18664 / 158
Quartile3rd2nd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.5%5.7%4.1%20.1%9.5%
Sector9.2%2%4.9%14.1%9.7%
Rank within sector164 / 23233 / 209134 / 18840 / 17781 / 160
Quartile3rd1st3rd1st3rd
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.
-0.09
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.
1.1
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.
0.35
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%.
8.87
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.
2.7
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.
0.16
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.
0.91
Price movement
52 week high147.57
52 week low118.65
Current bid price-
Current offer price-
Current mid price141.69
Region
1Not Specified25.7%
2Asia Pacific ex Japan12.4%
3International12.2%
4Europe ex UK12%
5North America11.6%
6UK10.8%
7Money Market8.7%
8Japan6.6%
Industry sector
No data available.
Asset type
1International Equities69.2%
2Others18.3%
3Global Fixed Interest10.4%
4Money Market2.1%
Individual holdings
1HERMES ASIA EX JAPAN EQUITY C RETAIL ACC USD12.57%
2FUNDSMITH EQUITY I INC11.13%
3OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HEDGED ACC GBP9.75%
4FP CRUX EUROPEAN SPECIAL SITUATIONS I INC GBP9.04%
5FINDLAY PARK AMERICAN USD8.98%
6AXA FRAMLINGTON HEALTH Z ACC5.84%
7M&G STRATEGIC CORPORATE BOND I INC GBP5.64%
8CC JAPAN INCOME & GROWTH FOUNDER INC USD5.53%
9BLACKROCK EUROPEAN DYNAMIC A ACC5.07%
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 capital growth whilst being managed so as to remain, over a market cycle, within a defined volatility range.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
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.
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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Discovery Managed Growth A Acc EUR
Initial charge5%
Annual charge1.55%
Min single investment£5,000
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)2.95%
Total expense ratio (TER)2.74%
Bid price-
Offer price-
Mid price1.4985
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI591
Discovery Managed Growth A Acc GBP
Initial charge5%
Annual charge1.45%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.85%
Total expense ratio (TER)2.64%
Bid price-
Offer price-
Mid price129.38
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI593
Discovery Managed Growth A Acc USD
Initial charge5%
Annual charge1.55%
Min single investment£5,000
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)2.95%
Total expense ratio (TER)2.74%
Bid price-
Offer price-
Mid price1.5499
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI592
Discovery Managed Growth B GBP
Initial charge-
Annual charge0.7%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price141.69
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5ZZ
Discovery Managed Growth 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)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.96
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYHW
Data provided by

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