Fact sheet: FP New HorizonInc

Fund information
Fund name
FP New Horizon Income B Inc
Fund manager company
WAY Fund Managers
Fund type
OEIC
Fund manager
  • Richard Foleysince 15/08/2005
Fund objective
The aim of the Fund is a regular income in excess of that available from standard deposit accounts available from UK deposit takers, together with a minimum requirement to preserve the capital value of an investment, through investment in a diversified portfolio of high-yielding collective investment schemes, investment trusts, other transferable securities, cash or near cash, deposits, money market instruments and derivatives.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious
Investment method
Mixed
Quick stats
1 Year return
11%
1 Year rank in sector
35/78
Sector
UT Mixed Investment 0-35% Shares
Yield
2.3%
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.
1.75%
Fund size
£19m (£22m 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.
40
Mid price
96.38
Top in this sector
Fund name1 Year
SVS TPI Cautious 316.9%
BlackRock NURS II Consensus 3516.6%
TM The Beamish16%
AXA Defensive Dist15.7%
Old Mutual Cirilium Cons15.6%
...more in UT Mixed Investment 0-35% Shares

Performance snapshot

Holdings snapshot

  • UK41.9%
    North America31.2%
    Europe15%
    Emerging Asia5.6%
    Others4.2%
  • Corporate Bonds42.7%
    Government Bonds24.2%
    Real Estate7.9%
    Money Market2.9%
    Utilities2.9%
  • Global Fixed Interest70.2%
    International Equities25.6%
    Money Market2.9%
    Others1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%1%4.8%11%11.4%24.7%
Sector0.7%1.4%4.4%10.1%15.1%28.4%
Rank within sector85 / 8757 / 8539 / 8235 / 7851 / 5635 / 43
Quartile4th3rd2nd2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.9%8.9%-2.1%2.9%5%
Sector2.5%8.4%0.3%5.2%4.2%
Rank within sector59 / 8335 / 7357 / 5850 / 5523 / 50
Quartile3rd2nd4th4th2nd
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.
-1.87
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.
1.2
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.
0.06
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%.
5.11
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.
1.82
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.
-0.53
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 high97.37
52 week low89.23
Current bid price-
Current offer price-
Current mid price96.38
Region
1UK41.89%
2North America31.17%
3Europe14.98%
4Emerging Asia5.55%
5Others4.15%
6Australasia1.16%
7Latin America1.04%
8Japan0.06%
Industry sector
1Corporate Bonds42.73%
2Government Bonds24.16%
3Real Estate7.86%
4Money Market2.86%
5Utilities2.85%
6Financial Services2.84%
7Consumer Staples2.06%
8Cyclical Consumer Goods2.06%
9Industrials1.97%
Asset type
1Global Fixed Interest70.22%
2International Equities25.64%
3Money Market2.86%
4Others1.28%
Individual holdings
1ISHARES MARKIT IBOXX £ BOND19.29%
2PIMCO SHORT-TERM HIGH YIELD COPRORATE BOND ETF13.48%
3TREASURY 1.25% IDX-LKD GILT 22/11/27 GBP`WI`DEC11.06%
4POWERSHARES S&P 500 HIGH DIVIDEND LOW VOLATILITY9.91%
5ISHARES GLOBAL HIGH YIELD CORP BOND GBP HEDGED UTF7.5%
6ISHARES BARCLAYS CAPITAL GBP INDEX-LINKED GILTS6.29%
7ISHARES FTSE EPRA/NAR UK PRP ETF6.24%
8ISHARES PLC ISHARES MARKIT IBOXX CORPORATE BOND6.2%
9AMUNDI ETF MSCI INDIA UCITS5.77%
Management
Fund manager group
WAY Fund Managers
Fund manager company
WAY Fund Managers
Fund type
OEIC
Fund objective
The aim of the Fund is a regular income in excess of that available from standard deposit accounts available from UK deposit takers, together with a minimum requirement to preserve the capital value of an investment, through investment in a diversified portfolio of high-yielding collective investment schemes, investment trusts, other transferable securities, cash or near cash, deposits, money market instruments and derivatives.
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious
Investment method
Mixed
Fund manager
NameSinceBiography
Richard Foley15/08/2005Richard 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 Income A Inc
Initial charge5%
Annual charge1.75%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)2.21%
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeW094
FP New Horizon Income B Inc
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.75%
Total expense ratio (TER)1.75%
Bid price-
Offer price-
Mid price96.38
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeW043
FP New Horizon Income C
Initial charge-
Annual charge0.55%
Min single investment£5,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price102.94
CurrencyGBX
Price updated19/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM24W
Data provided by

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