Fact sheet: Kames AbReBdCo

Fund information
Fund name
Kames Absolute Return Bond Constrained B Hedged Acc GBP
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Euan McNeilsince 28/04/2015
  • James Lynchsince 28/04/2015
Fund objective
The investment objective of the fund is to generate positive absolute returns for investors over a rolling 3 year period irrespective of market conditions.
Benchmark
  • EURIBOR 1 month
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
1.1%
1 Year rank in sector
46/132
Sector
FO Absolute Return
Yield
0.9%
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.
0.4%
Fund size
£65m (£60m 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.
3
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd17.9%
Polar Capital UK Abs Eq10.3%
SW Mitchell Emerging European9.6%
Orbis Optimal SA9.4%
Orbis Optimal USD9.4%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials36.5%
    Industrials36.3%
    Utilities13.6%
    Money Market10.1%
    Government Bonds3.1%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.2%0.3%1.1%--
Sector-0.5%-0.4%0.4%-0.4%2.2%9.7%
Rank within sector53 / 14154 / 14176 / 13846 / 132--
Quartile2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.1%----
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector54 / 132----
Quartile2nd
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 high10.15
52 week low10
Current bid price-
Current offer price-
Current mid price10.14
Region
No data available.
Industry sector
1Financials36.5%
2Industrials36.3%
3Utilities13.6%
4Money Market10.1%
5Government Bonds3.1%
6Asset/Mortgage-Backed Securities0.4%
Asset type
No data available.
Individual holdings
1UNITED STATES OF AMER TREAS BILLS BDS 15/04/21 USD1005.25%
2TESCO CORPORATE TREASURY SVCS PLC 1.375% NTS 01/07/19 EUR1000001.88%
3SCOTTISH POWER UK 8.375% BDS 20/02/17 GBP(VAR)(BR)1.87%
4WENDEL SA 6.75% BDS 20/04/18 EUR1000001.75%
5GOLDMAN SACHS GROUP INC 6.375% MTN 02/05/18 EUR10001.74%
6AT&T INC 5.875% NTS 28/04/17 GBP500001.73%
7SEVERN TRENT UTILITIES FINANCE PLC 6% GTD NTS 22/01/18 GBP750001.73%
8FIDELITY INTERNATIONAL 6.875% NTS 24/02/17 EUR10001.65%
9BEAR STEARNS CO 6.4% BDS 01/10/17 USD10001.63%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
Fund objective
The investment objective of the fund is to generate positive absolute returns for investors over a rolling 3 year period irrespective of market conditions.
Benchmark
  • EURIBOR 1 month
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Euan McNeil28/04/2015Euan is an investment manager in the fixed income team. He joined us in 2003 from Britannic Asset Management where he worked in the corporate bond team. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis.
James Lynch28/04/2015James Lynch is an investment manager in the fixed income team, and is responsible for analysing inflation-linked government bonds. James joined us in 2012 from Morgan Stanley where he was a director in the OTC derivatives department. He studied Economics at Stirling University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCIS, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Offshore, Portugal, Sweden
Kames Absolute Return Bond Constrained B Acc EUR
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0255
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AR
Kames Absolute Return Bond Constrained B Hedged Acc CHF
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8981
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AT
Kames Absolute Return Bond Constrained B Hedged Acc GBP
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1446
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AS
Kames Absolute Return Bond Constrained B Hedged Acc SEK
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.3129
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMY1S
Kames Absolute Return Bond Constrained B Hedged Acc USD
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1499
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AU
Kames Absolute Return Bond Constrained C Acc EUR
Initial charge-
Annual charge0.2%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0411
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AV
Kames Absolute Return Bond Constrained C Hedged Acc CHF
Initial charge-
Annual charge0.2%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9143
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AX
Kames Absolute Return Bond Constrained C Hedged Acc GBP
Initial charge-
Annual charge0.2%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.31%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1571
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AW
Kames Absolute Return Bond Constrained C Hedged Acc SEK
Initial charge-
Annual charge0.2%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.3924
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMY1T
Kames Absolute Return Bond Constrained C Hedged Acc USD
Initial charge-
Annual charge0.2%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1672
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AY
Data provided by

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