Fact sheet: Elite Balanced

Fund information
Fund name
Elite Balanced B GBP
Fund manager company
WAY Fund Managers
Fund type
Unit Trust
Fund managers
  • Duncan Carmichael-Jacksince 25/04/2001
  • Edward Sulivansince 01/01/2013
Fund objective
The objective of the Fund is to provide a total positive return above the IMA Mixed Investment 40%-85% Shares Index, over a 3 year rolling period, with an emphasis on providing capital appreciation. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be met over the 3 year rolling period or in respect of any other period.
Benchmark
  • IA Mixed Investment 40% - 85% Shares
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
6.8%
1 Year rank in sector
238/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
0.2%
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.
1.81%
Fund size
£22m (£19m 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.
52
Top in this sector
Fund name1 Year
Orbis Gbl Bal38%
HSBC Wld Seltn Advntr Pfl24.5%
FP MA DRP VIII23.9%
SVS TPI Aggressive 123.5%
SVS TPI Growth 222.7%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • Not Specified31.7%
    UK27.7%
    International15.7%
    North America12.7%
    Far East ex Japan6%
  • No data available.
  • Mutual Funds56%
    Others16.2%
    Equities15.9%
    Global Fixed Interest8.9%
    Money Market3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-0.2%6.3%6.8%19.3%46.6%
Sector0%0.7%8.9%10.8%20.8%46.4%
Rank within sector184 / 280197 / 279233 / 276238 / 268169 / 240126 / 207
Quartile3rd3rd4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.5%4.3%5.3%13.4%11.7%
Sector10.7%2.2%5%13.5%9%
Rank within sector239 / 26851 / 252128 / 242141 / 22455 / 207
Quartile4th1st3rd3rd2nd
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.
0.06
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.
0.95
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.
0.34
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%.
6.87
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.
1.61
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.
-0.15
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.
0.95
Price movement
52 week high132.83
52 week low111.88
Current bid price-
Current offer price-
Current mid price129.36
Region
1Not Specified31.7%
2UK27.7%
3International15.7%
4North America12.7%
5Far East ex Japan6%
6Money Market3.3%
7Europe ex UK2.9%
Industry sector
No data available.
Asset type
1Mutual Funds56.04%
2Others16.17%
3Equities15.88%
4Global Fixed Interest8.87%
5Money Market3.05%
Individual holdings
1TREASURY 0.125% IDX LKD GILT 22/03/26 GBP0.015.88%
2Schroder Income Fd Z Inst (Inc)5.57%
3TROJAN INCOME O INC5.21%
4FUNDSMITH EQUITY I INC5.07%
5JUPITER STRATEGIC BOND I INC4.54%
6LIONTRUST SPECIAL SITUATIONS I INC4.51%
7OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HEDGED ACC GBP4.42%
8LEGG MASON WESTERN ASSET MACRO OPPORTUNITIES BOND PREMIER HEDGED (M) PLUS (E) DIS GBP4.38%
9RBS(LUXEMBOURG)SA AQR MANAGED FUTURES UCITS C GBP4.13%
Management
Fund manager group
WAY Fund Managers
Fund manager company
WAY Fund Managers
Fund type
Unit Trust
Fund objective
The objective of the Fund is to provide a total positive return above the IMA Mixed Investment 40%-85% Shares Index, over a 3 year rolling period, with an emphasis on providing capital appreciation. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be met over the 3 year rolling period or in respect of any other period.
Benchmark
  • IA Mixed Investment 40% - 85% Shares
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Duncan Carmichael-Jack25/04/2001Duncan Carmichael-Jack manages the WAY Green Portfolio Fund. Duncan joined Vestra Wealth from UBS where he held the position of Joint-Head of UBS UK Ltd. He began his career at JP Morgan Investment Management in 1991, moving to Credit Suisse Asset Management in 1994 as an equity fund manager. He joined investment boutique Laing and Cruickshank in 1999 where he held the role of Investment Manager before its takeover by UBS in 2004. Duncan was awarded a AA Citywide rating in 2007 for his management of the Elite Balanced and Elite Income Unit Trusts. For over a decade he has looked after a growing number of clients with ethical and environmental restrictions, investing in both direct equity and pooled investment vehicles. This knowledge, combined with his recognised fund of funds experience puts him in an ideal position to run this fund. Duncan works closely with the Ethical Investment Group in fund selection, which adds a further dynamic to the portfolio construction.
Edward Sulivan01/01/2013Edward joined Vestra Wealth in 2008 working with Duncan in the management of discretionary and advisory private client portfolios with a large focus on ethical investments. Having graduated from the University of Bristol with a BA Honours in Engineering Design, Edward worked in the recruitment industry before joining Duncan CarmichaelJack’s team as an investment assistant. He has since completed his Investment Management Certificate as well as the Private Client Investment Advice and Management examinations and is a chartered member of the CISI. Edward also manages a number of ethical mandates and is the co-manager of the WAY Green, Elite Income and Elite Balanced Fund of Funds.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Elite Balanced Acc
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.31%
Total expense ratio (TER)2.31%
Bid price-
Offer price-
Mid price153.29
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOV90
Elite Balanced B GBP
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price129.36
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3NV
Elite Balanced B USD
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price101.7
CurrencyUSX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJDKI
Elite Balanced C Acc GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.31%
Total expense ratio (TER)2.31%
Bid price-
Offer price-
Mid price122.07
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBPL
Elite Balanced C Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.53%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price95.66
CurrencyUSX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJK1R
Data provided by

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