Fact sheet: Freehold Inc Authorised

Fund information
Fund name
Freehold Income Authorised A Gr Acc
Fund manager company
TIME Investments
Fund type
OEIC
Fund managers
  • Nigel Ashfieldsince 01/04/2005
  • Roger Skeldonsince 01/05/2005
Fund objective
The investment objective of the Fund is to manage investor capital to provide a secure and stable investment primarily through acquiring freehold ground rents which offer a consistent income stream and capital growth prospects. The aim is to achieve a total return for the Fund in excess of 5% per annum for Shareholders.
Benchmark
  • No Specified Index
Investment style
Active
Investment method
Physical
Quick stats
1 Year return
9.8%
1 Year rank in sector
13/53
Sector
UT Property
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.
1.65%
Fund size
£290m
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.
21
Mid price
6.0749
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop33.5%
First State AsianPropSec19.6%
Schroder Gbl Rel Est Sec Inc18.1%
Fidelity Global Property17.9%
L&G Global Real Estate Div Ix17.6%
...more in UT Property

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.3%4.9%9.8%32.6%52.6%
Sector0.2%0.7%3.5%5.8%20.9%36.8%
Rank within sector7 / 528 / 5413 / 5413 / 5317 / 5017 / 40
Quartile1st1st1st1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund4%9.4%11.5%8.9%7.3%
Sector2%5%5.4%10.7%4.7%
Rank within sector9 / 5413 / 5210 / 5234 / 4719 / 43
Quartile1st1st1st3rd2nd
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.
10.08
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.
-0.04
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.
5.7
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%.
1.09
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.
6.22
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.
0.18
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.
0.05
Price movement
52 week high6.07
52 week low5.57
Current bid price-
Current offer price-
Current mid price6.07
Region
1London26%
2South East UK21.1%
3North West UK14.1%
4Eastern UK13.3%
5Midlands11.9%
6South West UK7.3%
7Wales2.7%
8Yorkshire & Humberside1.9%
9UK0.9%
Industry sector
1Property100%
Asset type
1Property100%
Individual holdings
No data available.
Management
Fund manager group
TIME Investments
Fund manager company
TIME Investments
Fund type
OEIC
Fund objective
The investment objective of the Fund is to manage investor capital to provide a secure and stable investment primarily through acquiring freehold ground rents which offer a consistent income stream and capital growth prospects. The aim is to achieve a total return for the Fund in excess of 5% per annum for Shareholders.
Benchmark
  • No Specified Index
Investment style
Active
Investment method
Physical
Fund managers
NameSinceBiography
Nigel Ashfield01/04/2005Nigel is Managing Director of Alpha Real Property Investment Advisers LLP (trading as TIME Investments) which is a subsidiary of Alpha Real Capital LLP. Nigel is the Fund Manager of the Freehold Income Authorised Fund (and Feeder Trust) and Commercial Freehold Fund (and Feeder Trust). He has over 17 years’ experience in fund management and finance and is responsible for over £550 million of tax efficient investments. Previously he was Managing Director of Close Brothers’ Property Division where he worked for ten years. Nigel qualified as a chartered accountant with PwC in London after studying law at University.
Roger Skeldon01/05/2005Roger has over 10 years’ experience in fund management, finance and commercial property. At TIME Investments Roger is Assistant Fund Manager for the TIME:Freehold Income Authorised Fund as well as for TIME:Commercial Freehold Fund. Previously, Roger was an assistant director at Close Brothers Group PLC’s tax efficient and property funds division, with responsibilities across a number of commercial property funds. Roger holds a BA degree in Business and Financial Economics and is a chartered accountant.
Compliance
IA Recognised, Non UCITS Retail Scheme, Property Authorised Investment Funds
Domicile
No data available.
Fund for sale in
United Kingdom
Freehold Income Authorised A Gr Acc
Initial charge1%
Annual charge1.18%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price6.0749
CurrencyGBP
Price updated12/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC209
Freehold Income Authorised B Net Acc
Initial charge1%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price5.8546
CurrencyGBP
Price updated12/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJBYY
Freehold Income Authorised C Gr Inc
Initial charge1%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price2.0369
CurrencyGBP
Price updated12/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC208
Freehold Income Authorised D Net Inc
Initial charge1%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price2.0357
CurrencyGBP
Price updated12/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJBZA
Freehold Income Authorised E Gr Acc
Initial charge3%
Annual charge1.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price6.0036
CurrencyGBP
Price updated12/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJBZB
Freehold Income Authorised F Net Acc
Initial charge3%
Annual charge1.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price5.789
CurrencyGBP
Price updated12/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJBZC
Freehold Income Authorised G Gr Inc
Initial charge3%
Annual charge1.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price2.0185
CurrencyGBP
Price updated12/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJBZD
Freehold Income Authorised H Net Inc
Initial charge3%
Annual charge1.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)2.75%
Bid price-
Offer price-
Mid price2.0175
CurrencyGBP
Price updated12/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJBZE
Freehold Income Authorised ISA Acc
Initial charge1%
Annual charge1.2%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price6.0749
CurrencyGBP
Price updated12/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSCE
Freehold Income Authorised ISA Inc
Initial charge1%
Annual charge1.2%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price2.0369
CurrencyGBP
Price updated12/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKSCD
Freehold Income Authorised S Net Acc
Initial charge7%
Annual charge1.4%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)2.73%
Bid price-
Offer price-
Mid price5.7897
CurrencyGBP
Price updated12/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNMYP
Freehold Income Authorised T Net Inc
Initial charge7%
Annual charge1.4%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)2.73%
Bid price-
Offer price-
Mid price2.0177
CurrencyGBP
Price updated12/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNMYQ
Data provided by

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