Fact sheet: Kames AbReBdGl

Fund information
Fund name
Kames Absolute Return Bond Global B Inc GBP
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • John McNeillsince 28/04/2015
  • Nicholas Chatterssince 28/04/2015
  • Paul Dilworthsince 28/04/2015
  • Sandra Holdsworthsince 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
  • 3 Month LIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
1.2%
1 Year rank in sector
40/132
Sector
FO Absolute Return
Yield
1.7%
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
£57m (£41m last year)
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd16.5%
Polar Capital UK Abs Eq9.8%
Orbis Optimal SA9.8%
Orbis Optimal USD9.6%
Orbis Optimal EUR8.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials44.4%
    Industrials37.4%
    Utilities10.2%
    Money Market3.2%
    Asset/Mortgage-Backed Securities2.6%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0%0.7%1.2%--
Sector-0.5%-0.5%0.3%-0.6%2.2%9.5%
Rank within sector67 / 14160 / 14164 / 13840 / 132--
Quartile2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.1%----
Sector-0%0.7%1.2%3.6%3.9%
Rank within sector52 / 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.
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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.
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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%.
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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.
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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.
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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.
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Price movement
52 week high10.04
52 week low9.85
Current bid price-
Current offer price-
Current mid price9.98
Region
No data available.
Industry sector
1Financials44.4%
2Industrials37.4%
3Utilities10.2%
4Money Market3.2%
5Asset/Mortgage-Backed Securities2.6%
6Government Bonds1.3%
7Government Agency Bonds0.9%
Asset type
No data available.
Individual holdings
1MELLON CAPITAL III 6.369% BDS 05/09/66 GBP500001.56%
2COOPERATIEVE RABOBANK UA 8.4% BDS 09/11/49 USD10001.53%
3FIRSTGROUP 6.125% BDS 18/1/19 GBP(VAR) REG`S`1.52%
4UBM PLC 6.5% BDS 23/11/16 GBP500001.51%
5LLOYDS BANK PLC 10.75% SUBORD FXD NTS 16/12/21 GBP10001.37%
6NATIONAL EXPRESS GROUP 6.25% NTS 13/01/17 GBP500001.31%
7AUSTRALIA(COMMONWEALTH OF) 3% BDS 21/03/47 AUD10001.26%
8YORKSHIRE WATER SERVICES BRADFD FIN 6% FXD/FLTG RTE NTS 24/04/25 GBP50000 B11.25%
9KBC BANK NV 8% NTS 25/01/23 USD2000001.24%
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
  • 3 Month LIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
John McNeill28/04/2015John is an investment manager in the fixed income team and Head of Rates, 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.
Nicholas Chatters28/04/2015Nicholas is an investment manager in the fixed income team and specialises in interest rate derivatives and relative value investment. He supports the management of the Kames Absolute Return Bond fund as well as having responsibility for derivative trading and structuring. 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.
Paul Dilworth28/04/2015Paul is an investment manager in the fixed income team with responsibility for analysing the global banking sector, particularly Iberian and Nordic banks. Paul is also the co-manager of several credit funds. He joined us 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
Sandra Holdsworth28/04/2015Sandra 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.
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 Global B Acc GBP
Initial charge-
Annual charge0.55%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.131
CurrencyGBP
Price updated02/12/2016
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£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8729
CurrencyCHF
Price updated02/12/2016
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£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9813
CurrencyEUR
Price updated02/12/2016
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£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.1091
CurrencySEK
Price updated02/12/2016
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£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1121
CurrencyUSD
Price updated02/12/2016
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£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8285
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6AK
Kames Absolute Return Bond Global B Inc GBP
Initial charge-
Annual charge0.55%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9761
CurrencyGBP
Price updated02/12/2016
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)0.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1715
CurrencyGBP
Price updated02/12/2016
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)0.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9147
CurrencyCHF
Price updated02/12/2016
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 price10.0167
CurrencyEUR
Price updated02/12/2016
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)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.3493
CurrencySEK
Price updated02/12/2016
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)0.49%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1606
CurrencyUSD
Price updated02/12/2016
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)0.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8226
CurrencyEUR
Price updated02/12/2016
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)0.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9783
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM6AP
Kames Absolute Return Bond Global Z Hedged Acc GBP
Initial charge-
Annual charge-
Min single investment£250,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.2116
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMQ2X
Data provided by

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