Fact sheet: IFSL Brooks Macdonald DC

Fund information
Fund name
IFSL Brooks Macdonald Defensive Capital A
Fund manager company
IFSL
Fund type
OEIC
Fund managers
  • Jonathan Gumpelsince 28/06/2011
Fund objective
The fund is designed to provide investors with an opportunity to attain the stability of bonds while maintaining exposure to potential equity upsides. The fund aims to achieve long-term capital growth that is independent of equity market performance and positive absolute returns over rolling three year periods. The fund accomplishes this by investing in a range of defensive assets – investments that are generally lower risk and less volatile than equities, and don’t rely on market growth to achieve returns – such as preference shares, convertibles and structured notes.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Cautious
Investment method
None
Quick stats
1 Year return
10.4%
1 Year rank in sector
6/71
Sector
UT Targeted Absolute Return
Yield
1.2%
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.
0.82%
Fund size
£351m (£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.
31
Mid price
210.8
Top in this sector
Fund name1 Year
Schroder UKDynAbsRet15.8%
VT iFunds Absolute Rtn Orange13.6%
7IM Unconstrained12.6%
S&W Saltus Wealth12.1%
CF Ruffer Absolute Return11%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • Structured Products23.7%
    Global Fixed Interest22.9%
    Convertibles18.9%
    Preference Shares14.5%
    Others9.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%1%2.2%10.4%18.4%34.4%
Sector-0.3%0.6%0.9%2.5%6.6%16.1%
Rank within sector51 / 7730 / 7720 / 746 / 7112 / 5611 / 47
Quartile3rd2nd2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2%9.3%2.5%3.8%8.2%
Sector0.8%1%2.2%2.5%6.5%
Rank within sector17 / 777 / 7026 / 6427 / 5519 / 50
Quartile1st1st2nd2nd2nd
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.
1.63
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.
1.99
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.
0.59
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%.
4.33
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.
3.12
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.
1.21
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.
0.64
Price movement
52 week high212.6
52 week low188
Current bid price-
Current offer price-
Current mid price210.8
Region
No data available.
Industry sector
No data available.
Asset type
1Structured Products23.7%
2Global Fixed Interest22.85%
3Convertibles18.94%
4Preference Shares14.49%
5Others9.2%
6Money Market9.09%
7Hedge1.74%
Individual holdings
1ARGENTUM CAPITAL SA ILN 13/08/21(BSKT OF IDX)GBP11.98%
2HSBC BANK PLC PREF LKD NT 11/1/23(PF 725 EURAIROS)GBP11.94%
3AMEDEO AIR FOUR PLUS LIMITED RED ORD NPV1.89%
4EDINBURGH DRAGON TRUST 3.5% CONV UNSEC LOAN STK 31/01/18 GBP11.86%
5UBS AG LONDON BRANCH ELN 01/12/22(QUADRANS CAPITAL LTD)GBP11.66%
6NB PRIVATE EQUITY PARTNERS1.64%
7F&C GLOBAL SMALLER COMPANIES 3.5% CNV UNSEC LOAN STK 31/07/19 GBP11.62%
8RANGER DIRECT LENDING ZDP PLC ZERO DIV PREF GBP11.62%
9VOLTA FINANCE LIMITED ORD1.56%
Management
Fund manager group
IFSL
Fund manager company
IFSL
Fund type
OEIC
Fund objective
The fund is designed to provide investors with an opportunity to attain the stability of bonds while maintaining exposure to potential equity upsides. The fund aims to achieve long-term capital growth that is independent of equity market performance and positive absolute returns over rolling three year periods. The fund accomplishes this by investing in a range of defensive assets – investments that are generally lower risk and less volatile than equities, and don’t rely on market growth to achieve returns – such as preference shares, convertibles and structured notes.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Cautious
Investment method
None
Fund managers
NameSinceBiography
Jonathan Gumpel28/06/2011Jonathan was a founder director of Brooks Macdonald in 1991, having worked in the industry since 1986. During his career, he has won a number of investment management awards and is one of the investment directors responsible for overseeing investment management strategy and asset allocation for Brooks Macdonald.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
IFSL Brooks Macdonald Defensive Capital A
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price210.8
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIP5
IFSL Brooks Macdonald Defensive Capital B
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price194
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIP6
IFSL Brooks Macdonald Defensive Capital B Hedged Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.8
CurrencyEUX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM7ZV
IFSL Brooks Macdonald Defensive Capital B Hedged Acc SGD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.8
CurrencySGX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM7ZW
IFSL Brooks Macdonald Defensive Capital B Hedged Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.5
CurrencyUSX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM7ZX
IFSL Brooks Macdonald Defensive Capital C
Initial charge-
Annual charge0.55%
Min single investment£2,000,000
Min regular saving£2,000,000
Available in ISAYes
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price206
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIIP7
Data provided by

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