Fact sheet: Kames AbReBdGl

Fund information
Fund name
Kames Absolute Return Bond Global B Acc GBP
Fund manager company
Kames Capital plc
Fund type
OEIC
Fund managers
  • Nicholas Chatterssince 29/04/2015
  • John McNeillsince 29/04/2015
  • Sandra Holdsworthsince 29/04/2015
  • Paul Dilworthsince 29/04/2015
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
  • LIBOR 3 month GBP
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
1.9%
1 Year rank in sector
79/133
Sector
FO Absolute Return
Yield
1.3%
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.
0.65%
Fund size
£116m (£49m 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.
5
Top in this sector
Fund name1 Year
SWMC UK27.9%
SW Mitchell Emerging European27%
Polar Capital UK Abs Eq25.5%
SWMC European22.1%
F&C Ml Strat Gbl Eq18.1%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials44.1%
    Industrials33.2%
    Utilities11.7%
    Money Market5.4%
    Government Bonds3%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.4%1%1.9%--
Sector0.3%0.5%2.1%2.8%3.5%10.5%
Rank within sector95 / 14870 / 14790 / 13879 / 133--
Quartile3rd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.9%1.2%---
Sector1.4%0.7%0.7%1.2%3.6%
Rank within sector85 / 14556 / 126---
Quartile3rd2nd
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 high10.24
52 week low10.05
Current bid price-
Current offer price-
Current mid price10.24
Region
No data available.
Industry sector
1Financials44.1%
2Industrials33.2%
3Utilities11.7%
4Money Market5.4%
5Government Bonds3%
6Asset/Mortgage-Backed Securities2.6%
Asset type
No data available.
Individual holdings
1ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500002.43%
2JPMORGAN CHASE & CO 6.128% FR SUB CALL NTS 30/05/17 GBP2.43%
3GO-AHEAD GROUP 5.375% BDS 29/09/17 GBP10002.36%
4BG ENERGY CAPITAL 6.5% CAP SECS BDS 30/11/72 GBP1000002.2%
5RELX (INVESTMENTS) PLC 7% GTD NTS 11/12/17 GBP500002.03%
6TELEFONICA EMISIONES SAU 5.375% INST 02/02/18 GBP500001.92%
7WALES & WEST UTILITIES FINANCE PLC 6.75% TO FLTG GTD NTS 17/12/36 GBP500001.92%
8THAMES WATER UTILITIES CAYMAN FIN 5.375% TO FLT RT BDS 21/07/25 GBP50000 B1.89%
9HSBC BANK PLC 5% SUB EUR MED TRM NTS 20/3/23 GBP(VAR)1.71%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital plc
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
  • LIBOR 3 month GBP
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Nicholas Chatters29/04/2015Nicholas Chatters is an investment manager in the Fixed Income team and specialises in interest rate derivatives and relative value investment. He is co-manager of the Kames Absolute Return Global Bond Fund and supports the management of the Kames Absolute Return Bond Fund. Nicholas joined us in 2013 from Citi and has a background as an interest rate derivatives trader. He studied for an undergraduate degree in Economics and postgraduate degree in Finance at the University of St Andrews
John McNeill29/04/2015John McNeill is Head of Rates in the Fixed Income team, with responsibility for UK gilt and index-linked markets. He joined us in 2006 from Resolution Asset Management, where he managed global government bond funds. Prior to that, John worked in fixed income and foreign-exchange research roles with Mitsubishi Bank and IDEAglobal. John has an Honours degree in Economics from the University of Strathclyde and is a CFA charterholder.
Sandra Holdsworth29/04/2015Sandra Holdsworth is an investment manager in the Fixed Income team specialising in rates and government bonds. She joined us in March 2011 from Sutherlands Edinburgh where she wrote fixed income research. This followed a career break in 2005, prior to which Sandra was Head of Government Bonds at Threadneedle Asset Management. Sandra studied Mathematics at the University of Bath.
Paul Dilworth29/04/2015Paul Dilworth is a fixed income investment manager and forms part of our specialist financials team who are responsible for analysing the global financial sector. Paul is particularly interested in exploiting relative value opportunities that exist across capital structures and jurisdictions within the banking sector. He manages several pooled credit funds as well as a couple of more customised segregated mandates. He joined Kames as a fixed income performance analyst before moving to the fixed income team in 2012. Paul graduated from Heriot-Watt University with a first class honours degree in mathematics and is a CFA charterholder.
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, Sweden
Kames Absolute Return Bond Global B Acc GBP
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.2416
CurrencyGBP
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AF
Kames Absolute Return Bond Global B Hedged Acc CHF
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9113
CurrencyCHF
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AH
Kames Absolute Return Bond Global B Hedged Acc EUR
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0446
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AG
Kames Absolute Return Bond Global B Hedged Acc SEK
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.6687
CurrencySEK
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMY1Q
Kames Absolute Return Bond Global B Hedged Acc USD
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.2642
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AI
Kames Absolute Return Bond Global B Hedged Inc EUR
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8284
CurrencyEUR
Price updated22/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6AK
Kames Absolute Return Bond Global B Inc GBP
Initial charge-
Annual charge0.55%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0196
CurrencyGBP
Price updated22/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6AJ
Kames Absolute Return Bond Global C Acc GBP
Initial charge-
Annual charge0.3%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.2945
CurrencyGBP
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AL
Kames Absolute Return Bond Global C Hedged Acc CHF
Initial charge-
Annual charge0.3%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9647
CurrencyCHF
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AN
Kames Absolute Return Bond Global C Hedged Acc EUR
Initial charge-
Annual charge0.3%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0934
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AM
Kames Absolute Return Bond Global C Hedged Acc SEK
Initial charge-
Annual charge0.3%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.033
CurrencySEK
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMY1R
Kames Absolute Return Bond Global C Hedged Acc USD
Initial charge-
Annual charge0.3%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.3235
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6AO
Kames Absolute Return Bond Global C Hedged Inc EUR
Initial charge-
Annual charge0.3%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8204
CurrencyEUR
Price updated22/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6AQ
Kames Absolute Return Bond Global C Inc GBP
Initial charge-
Annual charge0.3%
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0212
CurrencyGBP
Price updated22/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6AP
Kames Absolute Return Bond Global Z Acc GBP
Initial charge-
Annual charge-
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.3508
CurrencyGBP
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMQ2X
Data provided by

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