Fact sheet: Investec Actv Comm

Fund information
Fund name
Investec Active Commodities C Acc USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Charles Whallsince 31/03/2015
  • George Cheveleysince 31/03/2015
Fund objective
The Fund aims to achieve long-term capital growth primarily by gaining exposure to a range of commodity sectors, including energy, agriculture, base metals, bulk metals and precious metals.
Benchmark
  • Bloomberg Commodity
Investment style
Active
Investment method
Derivatives
Quick stats
1 Year return
7.1%
1 Year rank in sector
67/98
Sector
FO Commodity & Energy
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.
3.22%
Fund size
£6m (£6m 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.
106
Top in this sector
Fund name1 Year
EGI Earth Gold104.9%
LLB Craton Cap Precious Metal83.4%
LLB Craton Capital Gbl Res75.5%
Baring Global Mining60.1%
Franklin Gold&Prec Met55.3%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

  • No data available.
  • Energy34%
    Fishery, Agriculture & Forestry20.5%
    Precious Metals & Stones18.3%
    Industrial Commodities15.2%
    Soft Commodities10.7%
  • Commodity & Energy100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%3.7%1.3%7.1%--
Sector1.5%1.2%6.8%16.1%-10.6%-22.9%
Rank within sector49 / 9950 / 10171 / 10167 / 98--
Quartile2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund9.5%-26.4%---
Sector21.2%-19.8%-9%-6.6%-3.4%
Rank within sector70 / 9969 / 99---
Quartile3rd3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high12.56
52 week low10.21
Current bid price-
Current offer price-
Current mid price12.14
Region
No data available.
Industry sector
1Energy34%
2Fishery, Agriculture & Forestry20.5%
3Precious Metals & Stones18.3%
4Industrial Commodities15.2%
5Soft Commodities10.7%
6Money Market1.3%
Asset type
1Commodity & Energy100%
Individual holdings
No data available.
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund aims to achieve long-term capital growth primarily by gaining exposure to a range of commodity sectors, including energy, agriculture, base metals, bulk metals and precious metals.
Benchmark
  • Bloomberg Commodity
Investment style
Active
Investment method
Derivatives
Fund managers
NameSinceBiography
Charles Whall31/03/2015Charles is a portfolio manager in the Commodities & Resources team at Investec Asset Management. He joined Investec Asset Management in London, having previously worked at Newton Investment Management (BNY Mellon) for 12 years, where he led oil and gas research, responsible for stock selection, pricing models and a thematic framework for investment within the sector. Charles was the number one rated buyside Oil and Gas analyst in the Thomson Extel Survey for 2012. Prior to this, Charles worked for 19 years within the oil and gas industry, with Britoil, ARCO and BP where he covered a wide variety of roles including drilling, oil and gas reservoir development and project management. During this time, Charles completed an MBA and moved from engineering to financial roles, including mergers and acquisitions, financial planning, and then commercial roles including gas marketing and trading. Charles graduated from the University of Leeds with a BSc (honours) in Civil Engineering. He also gained an MBA at the University of Surrey and holds the Investment Management Certificate.
George Cheveley31/03/2015George is a portfolio manager and metals and mining specialist in the Commodities & Resources team at Investec Asset Management having joined the firm in 2007. Prior to this he was a market analyst at BHP Billiton, the world’s largest mining company, for three years, working in The Hague and Singapore. He was recruited to BHP Billiton in 2004 from CRU (Commodities Research Unit), an independent metals/chemicals related research company based in London. At CRU, he spent three years in the Carbon Steel team and five years as a research manager, providing in-depth research and forecasts to the industry, banks and hedge funds. George began his career in 1990 in operations at British Steel Strip Products, working for three years in the Tinplate division. George graduated from the University of Oxford in 1989 with an honours degree in Classics and in 1995 was awarded an MBA from Warwick University.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, Denmark, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Investec Active Commodities A Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.45
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK8Y
Investec Active Commodities C Acc USD
Initial charge3%
Annual charge2.5%
Min single investment£100,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)3.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.14
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK8Z
Investec Active Commodities F Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£100,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)2.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.31
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK4Y
Investec Active Commodities S Gr Acc USD
Initial charge10%
Annual charge-
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.43%
Bid price-
Offer price-
Mid price12.58
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0J9L
Data provided by

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