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 30/09/2011
  • Stephen Snowdensince 30/09/2011
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
1.9%
1 Year rank in sector
51/128
Sector
FO Absolute Return
Yield
1.6%
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
£1,993m (£1,458m 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 European20%
Pioneer SICV-AbsRetBd15%
Polar Capital UK Abs Eq14.3%
BlackRock SFAmDfEAbslRn13.4%
Orbis Optimal SA11%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • UK64.5%
    USA26.6%
    Money Market6.1%
    Netherlands5.3%
    France4.9%
  • Financials41.5%
    Industrials34.7%
    Utilities13.4%
    Asset/Mortgage-Backed Securities5.3%
    Money Market4.3%
  • UK Fixed Interest56.4%
    US Fixed Interest16.7%
    Money Market6.1%
    Dutch Fixed Interest5.3%
    Danish Fixed Interest3.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.6%1.3%1.9%4.8%-
Sector0.1%1.4%1.6%0.5%3.9%10.9%
Rank within sector57 / 13983 / 13766 / 13551 / 12826 / 78-
Quartile2nd3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.3%0.7%2.1%1.7%2.1%
Sector0.6%0.7%1.2%3.6%3.9%
Rank within sector54 / 13244 / 11638 / 8848 / 7147 / 62
Quartile2nd2nd2nd3rd4th
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.
1.21
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%.
0.71
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.
1.65
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.
0.01
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.
0.25
Price movement
52 week high10.98
52 week low10.72
Current bid price-
Current offer price-
Current mid price10.97
Region
1UK64.53%
2USA26.64%
3Money Market6.14%
4Netherlands5.29%
5France4.94%
6Japan3.69%
7Jersey3.45%
8Denmark3.32%
9Cayman Islands2.81%
Industry sector
1Financials41.5%
2Industrials34.7%
3Utilities13.4%
4Asset/Mortgage-Backed Securities5.3%
5Money Market4.3%
6Government Agency Bonds0.8%
Asset type
1UK Fixed Interest56.36%
2US Fixed Interest16.74%
3Money Market6.14%
4Dutch Fixed Interest5.29%
5Danish Fixed Interest3.32%
6American Emerging Fixed Interest2.81%
7French Fixed Interest2.12%
8Swiss Fixed Interest2.1%
9Canadian Fixed Interest1.57%
Individual holdings
1JPMORGAN CHASE & CO 6.128% FR SUB CALL NTS 30/05/17 GBP2.1%
2HSBC HLDGS CALL SUB 6.375%/FLTG RT NTS 18/10/22 GBP2.07%
3AT&T INC 5.875% NTS 28/04/17 GBP500002%
4NEXT 5.875% BDS 12/10/16 GBP500001.92%
5BSKYB FINANCE UK 5.75% SNR UNS NTS 20/10/17 GBP `REGS`1.84%
6MELLON CAPITAL III 6.369% BDS 05/09/66 GBP500001.78%
7INTERCONTINENTAL HOTELS GROUP 6% CALL NTS 09/12/16 GBP500001.68%
8SILVERSTONE MASTER ISSUER PLC 2009-1 CL`A3` RES MTG BKD FRN 21/01/551.68%
9LONDON POWER NETWORKS PLC 5.125% SEN UNSEC NTS 11/11/16 GBP500001.65%
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 Finlayson30/09/2011Colin is an investment manager in the fixed income team. He joined us in 2000 straight from university. Colin studied Economics and Finance at the University of Strathclyde, and is a CFA charterholder.
Stephen Snowden30/09/2011Stephen is an investment manager in the fixed income team. He rejoined us in 2011 from Old Mutual Asset Managers where he was a fund manager. Stephen studied Finance at Queen’s University, Belfast.
Compliance
Transparent for Austrian Tax, Transparent for Swiss 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)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0887
CurrencyEUR
Price updated23/09/2016
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 price10.9685
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
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)0.8%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.5412
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
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)0.8%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10.2247
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
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 price10.0239
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
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 price10.8727
CurrencyGBP
Price updated23/09/2016
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 price10.0808
CurrencyCHF
Price updated23/09/2016
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 price10.3115
CurrencyEUR
Price updated23/09/2016
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 price100.9309
CurrencySEK
Price updated23/09/2016
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 price10.4165
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJTXN
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 price10.1395
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJWER
Kames Absolute Return Bond H Hedged 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 price9.8537
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM5MO
Kames Absolute Return Bond H Hedged 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 price9.8258
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM5MP
Kames Absolute Return Bond H Hedged USD
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 price10.0793
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM5MN
Data provided by

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