Fact sheet: Family Asset

Fund information
Fund name
Family Asset
Fund manager company
Family Investment Management
Fund type
Unit Trust
Fund managers
  • State Street Global Advisorssince 30/04/2012
Fund objective
To achieve long term capital growth by tracking the total return of the FTSE 350 share Index excluding Investment Trusts, or such other similar index, as the Manager shall consider appropriate (the Index). In order to accurately track this Index, the Trust's investments will normally replicate the holdings in that Index. Where appropriate, the Trust may use Transferable Securities, Approved Money Market Instruments, units in Collective Investment Schemes, deposits and cash or near cash. Derivatives and Forward Transactions may be used for Efficient Portfolio Management purposes (including hedging). The Trust may not consist of the exact composition and weighting of the Index in circumstances where the Manager determined that this is expedient for reasons of poor liquidity or excessive cost to the Trust.
Benchmark
  • FTSE 350 ex IT
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
6.1%
1 Year rank in sector
113/277
Sector
UT UK All Companies
Yield
2.5%
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.
1.06%
Fund size
£57m (£57m 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.
93
Bid price
281.6
Offer price
298.3
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry43.6%
Schroder Recovery19%
UBS UK Opportunities19%
Charity Equity17.9%
R&M UK Equity Long Term Recovery16.9%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-1.1%7.9%6.1%10.3%40%
Sector-1.1%-1.2%5.9%4.5%13%57.4%
Rank within sector201 / 284111 / 283116 / 280113 / 277204 / 263224 / 250
Quartile3rd2nd2nd2nd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund8.5%-0.2%-0.3%19%9.4%
Sector5.5%3.7%0.6%25.7%14.8%
Rank within sector102 / 278225 / 269186 / 264230 / 257226 / 251
Quartile2nd4th3rd4th4th
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.
-0.97
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.
0.96
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.
0.01
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%.
9.69
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.
3.4
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.
-0.35
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.
0.88
Price movement
52 week high296.2
52 week low230.2
Current bid price281.6
Current offer price298.3
Current mid price-
Region
1UK97.6%
2Money Market2.4%
Industry sector
No data available.
Asset type
1UK Equities97.6%
2Money Market2.4%
Individual holdings
1HSBC HLDGS5.48%
2BRITISH AMERICAN TOBACCO PLC4.39%
3BP PLC4.04%
4ROYAL DUTCH SHELL3.96%
5GLAXOSMITHKLINE PLC3.81%
6ROYAL DUTCH SHELL PLC B3.57%
7ASTRAZENECA PLC3.01%
8VODAFONE GROUP2.82%
9DIAGEO PLC2.67%
Management
Fund manager group
Family
Fund manager company
Family Investment Management
Fund type
Unit Trust
Fund objective
To achieve long term capital growth by tracking the total return of the FTSE 350 share Index excluding Investment Trusts, or such other similar index, as the Manager shall consider appropriate (the Index). In order to accurately track this Index, the Trust's investments will normally replicate the holdings in that Index. Where appropriate, the Trust may use Transferable Securities, Approved Money Market Instruments, units in Collective Investment Schemes, deposits and cash or near cash. Derivatives and Forward Transactions may be used for Efficient Portfolio Management purposes (including hedging). The Trust may not consist of the exact composition and weighting of the Index in circumstances where the Manager determined that this is expedient for reasons of poor liquidity or excessive cost to the Trust.
Benchmark
  • FTSE 350 ex IT
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
State Street Global Advisors30/04/2012State Street Global Advisors (SSgA), one of the industry's largest institutional asset managers, is the investment management arm of State Street Bank and Trust Company, a wholly owned subsidiary of State Street Corporation, a leading provider of financial services to institutional investors.They employ a diverse group of investment professionals within our 26 worldwide locations and 10 investment centers. As an organization, they are committed to corporate social responsibility. Active engagement with our communities around the world, both as a partner and a leader, is a fundamental value at State Street.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Family Asset
Initial charge5%
Annual charge1%
Min single investment£100,000
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.06%
Total expense ratio (TER)1.06%
Bid price281.6
Offer price298.3
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFA22
Data provided by

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