Fact sheet: FP New Horizon Gth

Fund information
Fund name
FP New Horizon Growth B Inc
Fund manager company
WAY Fund Managers
Fund type
OEIC
Fund manager
  • Richard Foleysince 14/08/2005
Fund objective
The aim of the Fund is to achieve growth in capital over the medium to long-term, through investment in a diversified portfolio of collective investment schemes, investment trusts, other transferable securities, cash or near cash, deposits money market instruments and derivatives.
Benchmark
  • IA Mixed Investment 40% - 85% Shares
Investment style
Aggressive,Growth
Investment method
Mixed
Quick stats
1 Year return
13.9%
1 Year rank in sector
41/268
Sector
UT Mixed Investment 40%-85% Shares
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.
2.39%
Fund size
£4m (£4m 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.
61
Mid price
136.28
Top in this sector
Fund name1 Year
Orbis Gbl Bal34%
HSBC Wld Seltn Advntr Pfl22.3%
HSBC Gbl Strat Dyn Pfl20.4%
FP MA DRP VIII19.8%
S&W Millbank East River19.6%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK38.9%
    North America30.1%
    Europe9.6%
    Japan6.7%
    Emerging Asia6.4%
  • Money Market22%
    Cash & Cash Equivalents9.2%
    Financial Services8.5%
    Industrials8%
    Technology7.1%
  • International Equities60.4%
    Money Market22%
    Bond15.9%
    Others1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-1.6%7.9%13.9%22.1%41.7%
Sector-0.7%-0.3%7.9%9.3%19.4%44.8%
Rank within sector99 / 280218 / 279143 / 27641 / 26886 / 240146 / 207
Quartile2nd4th3rd1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund12%1.4%6.1%11.5%5.8%
Sector9.5%2.2%5%13.5%9%
Rank within sector68 / 268179 / 25296 / 242167 / 224186 / 207
Quartile2nd3rd2nd3rd4th
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.
0.89
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.
0.99
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.
0.45
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%.
7.61
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.
2.93
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.
0.85
Price movement
52 week high141.17
52 week low114.97
Current bid price-
Current offer price-
Current mid price136.28
Region
1UK38.9%
2North America30.12%
3Europe9.55%
4Japan6.65%
5Emerging Asia6.41%
6Asia3.88%
7Latin America2.36%
8Middle East/ Africa0.87%
9Australasia0.63%
Industry sector
1Money Market22%
2Cash & Cash Equivalents9.16%
3Financial Services8.52%
4Industrials7.97%
5Technology7.07%
6Cyclical Consumer Goods6.89%
7Consumer Staples6.16%
8Real Estate5.62%
9Health Care5.19%
Asset type
1International Equities60.4%
2Money Market22%
3Bond15.9%
4Others1.7%
Individual holdings
1UK MID CAP COMPANIES11%
2PIMCO SHORT-TERM HIGH YIELD COPRORATE BOND ETF9.53%
3ISHARES MSCI WORLD GBP HEDGED UCITS ETF9.28%
4SPDR FTSE UK ALL SHARE UCITS ETF9.13%
5ISHARES MSCI EMERG MARKET MIN VOLATILITY UCITS ETF7.72%
6ISHARES BARCLAYS CAPITAL GBP INDEX-LINKED GILTS5.42%
7DB X-TRACKERS EQUITY MOMENTUM FACTOR UCITS ETF (DR) 1C USD5.04%
8ISHARES EDGE MSCI WORLD VALUE FACTOR UCITS ETF4.92%
9ISHARES FTSE EPRA/NAR UK PRP ETF4.06%
Management
Fund manager group
WAY Fund Managers
Fund manager company
WAY Fund Managers
Fund type
OEIC
Fund objective
The aim of the Fund is to achieve growth in capital over the medium to long-term, through investment in a diversified portfolio of collective investment schemes, investment trusts, other transferable securities, cash or near cash, deposits money market instruments and derivatives.
Benchmark
  • IA Mixed Investment 40% - 85% Shares
Investment style
Aggressive,Growth
Investment method
Mixed
Fund manager
NameSinceBiography
Richard Foley14/08/2005Richard is a Chartered Wealth Manager and has 20 years’ experience managing investments for individuals, corporates and pension fund trustees. He joined WH Ireland after 10 years at Seymour Pierce where he developed the Core and Satellite trading strategies. Before Seymour Pierce he specialised in derivative-based strategies for hedging, risk management, income enhancement and speculation at Durlacher (now Panmure Gordon). He advocates the use of exchange traded funds for investment portfolios with a focus on asset allocation and, depending on the objective, some tactical overlay. He is a member of the CISI with a Masters in Wealth Management.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
FP New Horizon Growth A Inc
Initial charge5%
Annual charge1.75%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.89%
Total expense ratio (TER)2.89%
Bid price-
Offer price-
Mid price133.89
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeW093
FP New Horizon Growth B Inc
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)2.39%
Total expense ratio (TER)2.39%
Bid price-
Offer price-
Mid price136.28
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeW041
FP New Horizon Growth C
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price110.2
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM24X
FP New Horizon Growth D
Initial charge-
Annual charge0.7%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price100.79
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMT6F
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