Fact sheet: Halifax Smaller Companies

Fund information
Fund name
Halifax Smaller Companies C
Fund manager company
HBOS Investment Fd Mgrs Ltd
Fund type
OEIC
Fund managers
  • Pan European Equity Teamsince 31/03/2014
  • Jeremy Whitleysince 31/03/2014
Fund objective
To achieve long term capital growth through investing mainly in smaller companies, principally in the U.K. The Halifax Smaller Companies Life and Pension funds invest directly into the Halifax Smaller Companies OEIC.
Benchmark
  • FTSE All Small ex IT
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
3.6%
1 Year rank in sector
28/47
Sector
UT UK Smaller Companies
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.
1.59%
Fund size
£148m (£212m 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.
81
Mid price
86.97
Top in this sector
Fund name1 Year
Cavendish AIM22.7%
The MI Discretionary Unit18.9%
Jupiter UK Smaller Companies17.4%
TB Amati UK Sm Cos15.1%
Marlborough UK Micro Cap Gwth12%
...more in UT UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK100%
  • Industrials38.2%
    Equities16.8%
    Financials13.8%
    Consumer Services11.1%
    Health Care8.1%
  • UK Equities98.3%
    Money Market1.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%-1.4%5%3.6%8.7%83.1%
Sector3.3%0.8%4.6%4.4%21%93.5%
Rank within sector43 / 4838 / 4824 / 4828 / 4744 / 4642 / 44
Quartile4th4th2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1.3%11.4%-7.6%38.8%28.4%
Sector4%14.2%-1.9%37.4%22.5%
Rank within sector36 / 4738 / 4742 / 4623 / 4513 / 44
Quartile4th4th4th3rd2nd
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.
-3.48
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.
0.98
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
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%.
11.57
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.
5.78
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.
-0.64
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.
0.76
Price movement
52 week high91.76
52 week low75.26
Current bid price-
Current offer price-
Current mid price86.97
Region
1UK100%
Industry sector
1Industrials38.19%
2Equities16.83%
3Financials13.77%
4Consumer Services11.1%
5Health Care8.11%
6Basic Materials5.24%
7Consumer Goods4.21%
8Money Market1.74%
9Oil & Gas0.82%
Asset type
1UK Equities98.26%
2Money Market1.74%
Individual holdings
1RPC GROUP3.78%
2DECHRA PHARMACEUTICALS3.65%
3XP POWER LTD3.38%
4SMART METERING SYSTEMS PLC3.31%
5FISHER(JAMES)& SONS PLC3.23%
6EUROMONEY INSTITUTIONAL INVESTOR3.19%
7WILMINGTON PLC3.15%
8AVEVA GROUP3%
9HANSTEEN HOLDINGS PLC2.97%
Management
Fund manager group
HBOS
Fund manager company
HBOS Investment Fd Mgrs Ltd
Fund type
OEIC
Fund objective
To achieve long term capital growth through investing mainly in smaller companies, principally in the U.K. The Halifax Smaller Companies Life and Pension funds invest directly into the Halifax Smaller Companies OEIC.
Benchmark
  • FTSE All Small ex IT
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Pan European Equity Team31/03/2014
Jeremy Whitley31/03/2014Jeremy was appointed Head of UK and European Equities in July 2009. Previous roles at Aberdeen include Senior Investment Manager on the Global Equity Team as well as the Asian Equities Team based in Singapore. Jeremy graduated with an MA (Joint Hons) in English and Art History from the University of St Andrews and an MBA from the University of Edinburgh.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Halifax Smaller Companies C
Initial charge-
Annual charge1.5%
Min single investment£500
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price86.97
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEU71
Halifax Smaller Companies F
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price45.23
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeASG7
Halifax Smaller Companies G
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price45.24
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeASG8
Halifax Smaller Companies P
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 price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGFI
Halifax Smaller Companies Q
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 price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGFJ
Halifax Smaller Companies R
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 price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGFK
Data provided by

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