Fact sheet: Kames Abslut Rtrn Bd

Fund information
Fund name
Kames Absolute Return Bond B Acc GBP
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Colin Finlaysonsince 29/09/2011
  • Stephen Snowdensince 29/09/2011
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 GBP 3m
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
2.5%
1 Year rank in sector
-
Sector
FO Absolute Return
Yield
1.1%
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.
0.68%
Fund size
£1,985m (£1,882m 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.
7
Top in this sector
Fund name1 Year
SW Mitchell Emerging European48.4%
F&C Ml Strat Gbl Eq27.5%
Polar Capital UK Abs Eq25.6%
SWMC UK20.4%
Pictet Scv II Dyn Ass Alloc19.8%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • UK34.1%
    USA28.8%
    Netherlands9.3%
    Australia8.3%
    France6.3%
  • Financials36.4%
    Industrials35.1%
    Utilities14.1%
    Money Market6.5%
    Asset/Mortgage-Backed Securities5.7%
  • UK Fixed Interest42.9%
    US Fixed Interest20.8%
    Dutch Fixed Interest9.3%
    Money Market5.5%
    American Emerging Fixed Interest3.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.4%0.5%2.5%4%8.6%
Sector0.6%1.6%1.1%3.7%3.2%8.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.3%1.4%0.7%2.1%1.7%
Sector0.9%0.7%0.7%1.2%3.6%
Rank within sector-----
Quartile
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.
1.22
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.
0.19
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
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%.
0.69
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.
1.62
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.
0.23
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.
0.27
Price movement
52 week high11.03
52 week low10.72
Current bid price-
Current offer price-
Current mid price11.02
Region
1UK34.13%
2USA28.8%
3Netherlands9.27%
4Australia8.3%
5France6.32%
6Money Market5.6%
7Germany3.35%
8Cayman Islands3.27%
9Jersey2.83%
Industry sector
1Financials36.4%
2Industrials35.1%
3Utilities14.1%
4Money Market6.5%
5Asset/Mortgage-Backed Securities5.7%
6Government Bonds1.3%
7Government Agency Bonds0.9%
Asset type
1UK Fixed Interest42.88%
2US Fixed Interest20.83%
3Dutch Fixed Interest9.27%
4Money Market5.55%
5American Emerging Fixed Interest3.27%
6French Fixed Interest3.21%
7Spanish Fixed Interest2.76%
8Swiss Fixed Interest2.38%
9Belgian Fixed Interest2.17%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1002.6%
2JPMORGAN CHASE & CO 6.128% FR SUB CALL NTS 30/05/17 GBP2.15%
3TELEFONICA EMISIONES SAU 5.375% INST 02/02/18 GBP500002.08%
4BG ENERGY CAPITAL 6.5% CAP SECS BDS 30/11/72 GBP1000002.07%
5AT&T INC 5.875% NTS 28/04/17 GBP500002.03%
6AA BOND CO LTD 4.7201% BDS 02/07/43 GBP1000002%
7ANHEUSER-BUSCH INBEV SA/NV 6.5% NTS 23/06/17 GBP10002%
8BANK OF AMERICA CORP 7.75% NTS 30/04/18 GBP500001.99%
9YORKSHIRE WATER SERVICES BRADFD FIN 6% FXD/FLTG RTE NTS 24/04/25 GBP50000 B11.96%
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
  • LIBOR GBP 3m
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Colin Finlayson29/09/2011Colin Finlayson is an investment manager in Kames Capital’s Fixed Income team and specialises in global government bonds and relative-value analysis. He is the co-manager of the Kames Absolute Return Fund and Kames Strategic Global Bond Fund as well as the Core Plus and Long Core Plus pooled pension funds. He joined us in 2000 directly from the University of Strathclyde, where he studied Economics and Finance. Colin is a CFA charterholder.
Stephen Snowden29/09/2011Stephen Snowden is Head of Credit in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds and an absolute return bond fund. He rejoined Kames Capital in July 2011 from Old Mutual Asset Management where he managed the Corporate Bond Fund. Stephen started his career with us in 1994, initially focusing on equities before moving to the fixed income team to manage corporate bond funds. He has a first class honours degree BSc Finance and an MSc Finance from Queens University Belfast, and is also an associate member of the CFA Society of the UK.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, 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 A Hedged Acc EUR
Initial charge5.5%
Annual charge1.15%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0778
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIAFC
Kames Absolute Return Bond B Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price11.0205
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DSD
Kames Absolute Return Bond B Hedged Acc EUR
Initial charge-
Annual charge0.65%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.5496
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DSE
Kames Absolute Return Bond B Hedged Acc USD
Initial charge-
Annual charge0.65%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.3036
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DSF
Kames Absolute Return Bond B Inc GBP
Initial charge-
Annual charge0.65%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0072
CurrencyGBP
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM2FS
Kames Absolute Return Bond C Acc GBP
Initial charge-
Annual charge0.5%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price10.9307
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0SVT
Kames Absolute Return Bond C Hedged Acc CHF
Initial charge-
Annual charge0.5%
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 price10.0738
CurrencyCHF
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZ4Y
Kames Absolute Return Bond C Hedged Acc EUR
Initial charge-
Annual charge0.5%
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 price10.3242
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJENS
Kames Absolute Return Bond C Hedged Acc SEK
Initial charge-
Annual charge0.5%
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 price100.9707
CurrencySEK
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKYCR
Kames Absolute Return Bond C Hedged Acc USD
Initial charge-
Annual charge0.5%
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 price10.5064
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJTXN
Kames Absolute Return Bond H Hedged Acc CHF
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8277
CurrencyCHF
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM5MO
Kames Absolute Return Bond H Hedged Acc EUR
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1345
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJWER
Kames Absolute Return Bond H Hedged Acc USD
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.1421
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM5MN
Kames Absolute Return Bond H Hedged Inc EUR
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7734
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM5MP
Data provided by

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