Fact sheet: F&C High Income

Fund information
Fund name
F&C High Income 1 Inc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Unit Trust
Fund managers
  • Chris Childssince 01/01/2007
Fund objective
The objective is to provide income. The Manager seeks to achieve this by investing in structured debentures, derivatives, equities, investment grade fixed interest securities and other permitted investments.
Benchmark
  • IA UK Equity & Bond Income Median
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
3.6%
1 Year rank in sector
108/124
Sector
UT Specialist
Yield
4.9%
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.
1.84%
Fund size
£84m (£101m 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.
25
Bid price
14.7
Offer price
15.48
Top in this sector
Fund name1 Year
MFM Junior Gold134.7%
WAY Charteris Gd Prcsml124.2%
Old Mutual JPM Nat Res87.6%
Smith & Williamson GblGld&Res86.8%
JPM Natural Resources85.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • No data available.
  • Fixed Interest47.8%
    Floating Rate Notes16.4%
    Financials11.6%
    Consumer Goods5.8%
    Oil & Gas4.9%
  • Global Fixed Interest64.2%
    International Equities34.5%
    Money Market1.7%
    Foreign Exchange-0%
    Alternative Investment Strategies-0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%1.7%4.2%3.6%1.2%4%
Sector-1.2%-0.5%9.4%19.8%17%27.7%
Rank within sector40 / 12440 / 12589 / 125108 / 124101 / 11469 / 91
Quartile2nd2nd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.3%-1.2%-1.7%3.2%0.6%
Sector19.7%-4.5%1.2%4.5%7.5%
Rank within sector107 / 12465 / 11984 / 11563 / 10572 / 91
Quartile4th3rd3rd3rd4th
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.
-1.53
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.
0.24
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
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%.
3.31
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.
7.68
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.
-0.71
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.
0.53
Price movement
52 week high14.87
52 week low14.24
Current bid price14.7
Current offer price15.48
Current mid price-
Region
No data available.
Industry sector
1Fixed Interest47.8%
2Floating Rate Notes16.37%
3Financials11.61%
4Consumer Goods5.82%
5Oil & Gas4.9%
6Consumer Services2.91%
7Health Care2.81%
8Basic Materials1.97%
9Industrials1.73%
Asset type
1Global Fixed Interest64.17%
2International Equities34.5%
3Money Market1.71%
4Foreign Exchange-0.03%
5Alternative Investment Strategies-0.35%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.0112.18%
2TREASURY 1.75% GILT 22/01/17 GBP0.0110.88%
3TREASURY 5% GILT 07/03/18 GBP8.13%
4TREASURY 4% GILT 7/09/20168.04%
5LEADENHALL UCITS ILS FUND2.28%
6EUROPEAN INVESTMENT BANK (FRN) 0.79% 22/02/20171.99%
7HSBC HLDGS1.94%
8BP PLC1.93%
9BRITISH AMERICAN TOBACCO HLDGS1.87%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
Unit Trust
Fund objective
The objective is to provide income. The Manager seeks to achieve this by investing in structured debentures, derivatives, equities, investment grade fixed interest securities and other permitted investments.
Benchmark
  • IA UK Equity & Bond Income Median
Investment style
Cautious
Investment method
None
Fund managers
NameSinceBiography
Chris Childs01/01/2007Chris Childs is the Fund Manager of the F&C High Income Unit Trust, the F&C HVB-Stiftungsfonds and co-manager of the F&C Active Return Fund. Each of these funds employ derivative overlay strategies. Chris joined F&C in 1993 and together with Stephen Crewe formed a derivatives fund management team. He has over 16 years of investment experience. He is also the manager of the award wining F&C HVB-Stiftungsfonds Fund. Chris is a graduate of the Bristol Business School and the University of Exeter where he studied the quantitative aspects of fund management.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
F&C High Income 1 Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price14.7
Offer price15.48
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO40
F&C High Income C Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price51.16
Offer price51.29
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE5BA
Data provided by

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