Fact sheet: Impax Food and Agriculture

Fund information
Fund name
Impax Food and Agriculture A
Fund manager company
Impax
Fund type
OEIC
Fund managers
  • Simon Higgosince 31/01/2013
  • Michael Landymoresince 31/01/2013
Fund objective
The Fund’s investment objective is to generate long term capital growth by investing in the securities of issuers predominantly involved in agriculture and food-related activities worldwide.
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
33.4%
1 Year rank in sector
6/472
Sector
FO Equity - International
Yield
-
Fund size
£3m
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.
94
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq47.8%
Sanlam Prv Wlt Glbl HgQul39.5%
SKAGEN Focus35.4%
Veritas Global Equity Income35.2%
JOHCM Gbl Opps34.7%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America42%
    Europe30%
    UK11%
    Asia Pacific ex Japan7%
    Japan4%
  • Foods52.5%
    Machinery15.8%
    Services13.9%
    Others7.9%
    Infrastructure6.9%
  • North American Equities42%
    European Equities30%
    UK Equities11%
    Asia Pacific ex Japan Equities7%
    Japanese Equities4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%12%17.9%33.4%37.4%-
Sector-0.1%7.7%7.1%8.6%18.1%59.1%
Rank within sector118 / 49477 / 48918 / 4846 / 47267 / 375-
Quartile1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund26.5%0.7%4%--
Sector5%0.7%6%21.3%12.7%
Rank within sector5 / 478227 / 433237 / 390--
Quartile1st3rd3rd
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.
5.3
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.
0.75
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.
0.63
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%.
11.4
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.
9.07
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.
0.34
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.
0.41
Price movement
52 week high1.45
52 week low1.05
Current bid price-
Current offer price-
Current mid price1.42
Region
1North America42%
2Europe30%
3UK11%
4Asia Pacific ex Japan7%
5Japan4%
6International3%
7Money Market3%
Industry sector
1Foods52.46%
2Machinery15.84%
3Services13.86%
4Others7.92%
5Infrastructure6.93%
6Money Market3%
Asset type
1North American Equities42%
2European Equities30%
3UK Equities11%
4Asia Pacific ex Japan Equities7%
5Japanese Equities4%
6International Equities3%
7Money Market3%
Individual holdings
1KONINKLIJKE AHOLD NV4.9%
2WESTROCK CO4.7%
3LEROY SEAFOOD GROUP4.4%
4KUBOTA CORP4.1%
5GREATVIEW ASEPTIC PACKAGING CO LTD4%
6KELLOGG CO4%
7SONOCO PRODUCTS CO3.9%
8UNITED NATURAL FOODS INC3.7%
9TOMRA SYSTEMS ASA3.6%
Management
Fund manager group
Impax
Fund manager company
Impax
Fund type
OEIC
Fund objective
The Fund’s investment objective is to generate long term capital growth by investing in the securities of issuers predominantly involved in agriculture and food-related activities worldwide.
Benchmark
  • MSCI AC World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Simon Higgo31/01/2013Simon is responsible for the development & implementation of investment risk management at Impax, working alongside the portfolio managers/analysts on company valuation modelling, screening and portfolio construction across all listed equity strategies. Simon also works together with Michael Landymore as a member of the Food & Agriculture portfolio construction team. Simon has worked in the financial sector for 23 years having previously worked at Helvetica Wealth Management Partners in Geneva, Jura Capital LLP, a London based hedge fund, Lazard Asset Management and Crown Financial where he trained as an actuary. Simon holds an MSc in Computational and Numerical Mathematics from Imperial College, London, and a first class honours degree in Mathematics from Liverpool University.
Michael Landymore31/01/2013Michael is responsible for developing the Food and Agriculture investment strategy. He is focused on industry analysis, stock screening, company analysis and portfolio construction. Michael brings with him 33 years' experience advising investors and companies in the food and beverage industry. He was part of the highly rated food equity analysts team at Investec Securities/Henderson Crosthwaite, subsequently with Rabobank corporate finance, and most recently the manager of the Léman Focus Global Food & Agriculture Fund at Helvetica Wealth Management Partners in Geneva. Michael has a degree in Economics from King's College, Cambridge, and is a Chartered Fellow of the Chartered Securities and Investments Institute, London.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Impax Food and Agriculture
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 price1.487
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI1YP
Impax Food and Agriculture A
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.421
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIB3C
Impax Food and Agriculture A Acc
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.278
CurrencyEUR
Price updated04/02/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJJ4K
Data provided by

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