Fact sheet: Elite Income

Fund information
Fund name
Elite Income B Acc GBP
Fund manager company
WAY Fund Managers
Fund type
Unit Trust
Fund managers
  • Duncan Carmichael-Jacksince 17/03/2003
  • Edward Sulivansince 01/01/2013
Fund objective
The objective of the Fund is to achieve a competitive level of income, with capital growth.
Benchmark
  • IA Mixed 20-60% shares
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
11.3%
1 Year rank in sector
138/206
Sector
UT Mixed Investment 20%-60% Shares
Yield
1.9%
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.
1.77%
Fund size
£34m (£33m 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.
42
Top in this sector
Fund name1 Year
S&W The Magpie31.7%
S&W Wessex22.8%
Omnis Multi-Asset Income21.1%
SVS TPI Balanced 221%
AXA Lifetime Distribution20.9%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Not Specified43.5%
    UK27.8%
    International11.3%
    North America9.9%
    Europe ex UK3.1%
  • No data available.
  • Mutual Funds52.2%
    Equities15%
    Others14%
    Global Fixed Interest11.3%
    Money Market4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%2.9%4.2%11.3%17.5%23.5%
Sector0.3%2.7%4%12.4%19.4%35.2%
Rank within sector106 / 21470 / 21392 / 210138 / 206135 / 178139 / 145
Quartile2nd2nd2nd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund2.8%6.4%4%3.7%-
Sector2.5%10.3%1.2%5%9%
Rank within sector68 / 213177 / 20026 / 187143 / 173158 / 159
Quartile2nd4th1st4th4th
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.
-0.49
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
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.
0.31
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%.
5.54
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.
1.76
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.
-0.28
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.
0.9
Price movement
52 week high118.49
52 week low105.58
Current bid price-
Current offer price-
Current mid price117.94
Region
1Not Specified43.5%
2UK27.8%
3International11.3%
4North America9.9%
5Europe ex UK3.1%
6Money Market2.3%
7Far East ex Japan2.1%
Industry sector
No data available.
Asset type
1Mutual Funds52.18%
2Equities15.04%
3Others14.01%
4Global Fixed Interest11.31%
5Money Market4.43%
6Exchange Traded Funds (ETF)3.03%
Individual holdings
1LIONTRUST SPECIAL SITUATIONS I INC7.21%
2TROJAN INCOME O INC6.84%
3Schroder Income Fd Z Inst (Inc)6.8%
4JUPITER STRATEGIC BOND I INC6.72%
5TREASURY 0.125% IDX LKD GILT 22/03/26 GBP0.016.24%
6FINDLAY PARK AMERICAN USD5.54%
7LEGG MASON WESTERN ASSET MACRO OPPORTUNITIES BOND PREMIER HEDGED (M) PLUS (E) DIS GBP4.83%
8ISHARES II PLC4.72%
9OLD MUTUAL GLOBAL EQUITY ABSOLUTE RETURN R HEDGED ACC GBP4.62%
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 achieve a competitive level of income, with capital growth.
Benchmark
  • IA Mixed 20-60% shares
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Duncan Carmichael-Jack17/03/2003Duncan 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 Income Acc GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price220.37
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOM68
Elite Income B Acc GBP
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price117.94
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3NT
Elite Income B Acc USD
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyUSX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJEHE
Elite Income B Inc GBP
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price115.96
CurrencyGBX
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI3NU
Elite Income B Inc USD
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.77%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price91.71
CurrencyUSX
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJEHF
Elite Income C Acc GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price118.15
CurrencyGBX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBPM
Elite Income C Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyUSX
Price updated28/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJK1S
Elite Income C Inc GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price111.88
CurrencyGBX
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIBPN
Elite Income C Inc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price87.76
CurrencyUSX
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJK1T
Elite Income Inc GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.27%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price155.15
CurrencyGBX
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeOM67
Data provided by

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