Fact sheet: Freehold Inc Authorised

Fund information
Fund name
Freehold Income Authorised C Gr Inc
Fund manager company
TIME Investments
Fund type
OEIC
Fund managers
  • Stephen Danielssince 27/02/2007
  • Nigel Ashfieldsince 31/03/2005
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
8.1%
1 Year rank in sector
13/52
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.
1.64%
Fund size
£247m
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.
30
Mid price
1.9838
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop52.1%
Schroder Gbl Rel Est Sec Inc25.4%
BlackRock Gbl PrpSecEqTrk22.6%
First State AsianPropSec22%
F&C Gbl Real Est Secs21.9%
...more in UT Property

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%1.1%3.2%8.1%30.1%47.9%
Sector-0.4%-0.7%1%4.5%21.2%34.5%
Rank within sector34 / 5019 / 5513 / 5413 / 5219 / 4418 / 39
Quartile3rd2nd1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.9%11.4%8.8%7.3%6.1%
Sector3.2%5.4%10.7%4.7%6.7%
Rank within sector12 / 529 / 5133 / 4618 / 4219 / 39
Quartile1st1st3rd2nd2nd
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.
9.39
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.
-0.02
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.
1.3
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%.
4.34
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.
7.37
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.
0.45
Price movement
52 week high2.02
52 week low1.92
Current bid price-
Current offer price-
Current mid price1.98
Region
1South East UK23.7%
2London23.2%
3North West UK14.1%
4Eastern UK13.3%
5Midlands12.3%
6South West UK7.5%
7Wales2.6%
8Yorkshire & Humberside1.7%
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
Stephen Daniels27/02/2007Stephen has over 6 years of experience of investing in UK SMEs and is the fund manager for the TIME:ADVANCE and TIME:CTC tax efficient investment services. Previously, Stephen was a divisional director at Close Brothers Group PLC’s tax efficient and property division, with responsibility for structuring and managing tax efficient investments, including Enterprise Investment Schemes (EISs). A chartered certified accountant, Stephen began his career with Accenture Corporation.
Nigel Ashfield31/03/2005Nigel is managing director of Alpha Real Property Investment Advisers LLP which is a subsidiary of Alpha Real Capital LLP.Nigel is the fund manager of The Freehold Income Trust. 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.
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 charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price5.7906
CurrencyGBP
Price updated14/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC209
Freehold Income Authorised B Acc
Initial charge1%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.6002
CurrencyGBP
Price updated14/11/2016
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)1.64%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price1.9838
CurrencyGBP
Price updated14/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC208
Freehold Income Authorised D Inc
Initial charge1%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.9822
CurrencyGBP
Price updated14/11/2016
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)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.7302
CurrencyGBP
Price updated14/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJBZB
Freehold Income Authorised F Acc
Initial charge3%
Annual charge1.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.5448
CurrencyGBP
Price updated14/11/2016
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)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.9687
CurrencyGBP
Price updated14/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJBZD
Freehold Income Authorised H Inc
Initial charge3%
Annual charge1.4%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.9671
CurrencyGBP
Price updated14/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJBZE
Freehold Income Authorised ISA Acc
Initial charge1%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.7906
CurrencyGBP
Price updated14/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSCE
Freehold Income Authorised ISA Inc
Initial charge1%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.9838
CurrencyGBP
Price updated14/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKSCD
Freehold Income Authorised S Inc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5.5449
CurrencyGBP
Price updated14/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNMYP
Freehold Income Authorised T Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.9671
CurrencyGBP
Price updated14/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNMYQ
Data provided by

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