Fact sheet: Kames EqMaNe

Fund information
Fund name
Kames Equity Market Neutral B Acc GBP
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • David Griffithssince 02/12/2014
  • David Pringlesince 02/12/2014
  • Malcolm McPartlinsince 02/12/2014
Fund objective
The primary investment objective is to generate positive absolute returns over a three year period irrespective of market conditions.
Benchmark
  • 1 Month GBP LIBOR
Investment style
Market Neutral
Investment method
Equity
Quick stats
1 Year return
-2.2%
1 Year rank in sector
58/109
Sector
FO Hedge/Stru Prod - Equity
Yield
-
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.
0.92%
Fund size
£270m (£176m 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.
18
Top in this sector
Fund name1 Year
Majedie Tortoise28.4%
MontLake ToscaMiCaUCITS27.8%
DNB ECO Abs Rt25.9%
Stratton Street Japan Syn Warrant21%
Income Partners AllSeasnAsCred19.5%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%0.7%-0.9%-2.2%--
Sector0.6%-0.1%0.5%-2.2%3.5%14.6%
Rank within sector55 / 11845 / 12774 / 12158 / 109--
Quartile2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-2.8%2.5%---
Sector-1.9%2.7%2.5%7.1%3.9%
Rank within sector60 / 11050 / 94---
Quartile3rd3rd
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 high10.3
52 week low9.85
Current bid price-
Current offer price-
Current mid price9.97
Region
1International100%
Industry sector
1Health Care3.8%
2Derivatives2%
3Materials1.4%
4Financials1.2%
5Industrials0.9%
6Information Technology0.7%
7Consumer Staples-
8Energy-0.3%
9Consumer Discretionary-0.8%
Asset type
1International Equities100%
Individual holdings
1TREASURY 0% TSY BILL 05/12/16 GBP117.48%
2STANDARD CHARTERED BANK 0.51% CT OF DEP 14/11/16 GBP1 TR14.33%
3SUMITOMO TRUST & BANKING CO 0.55% CT OF DEP 08/11/16 GBP14.33%
4DZ BANK AG-DEUTSCHE ZENTRAL-GENOSBK 0.42% CT OF DEP 19/01/17 GBP13.9%
5MIZUHO BANK LTD CD 0.43% 18/01/20173.68%
6SHIRE ORD GBP0.05 CFD2.55%
7BAE SYSTEMS ORD GBP0.025 CFD2.25%
8BRIT AMER TOBACCO ORD GBP0.25 CFD2.17%
9ING BANK N.V. CD 0.38% 12/12/20162.16%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
Fund objective
The primary investment objective is to generate positive absolute returns over a three year period irrespective of market conditions.
Benchmark
  • 1 Month GBP LIBOR
Investment style
Market Neutral
Investment method
Equity
Fund managers
NameSinceBiography
David Griffiths02/12/2014David is an Investment Manager in the UK Equities team. He joined us in 2000 from the British Steel Pension Fund where he was a sector fund manager. David studied Aerospace Engineering at the University of Bristol, holds the IIMR and is add is an associate of the UK Society of Investment Professionals.
David Pringle02/12/2014David is an Investment Manager in the UK Equities team. He joined us in 2001 from the WM Company where he was a researcher. David studied Financial Services at Glasgow Caledonian University and is a CFA charterholder.
Malcolm McPartlin02/12/2014Malcolm is an investment manager in the UK Equities team. He is the co-manager of the Kames Equity Market Neutral Funds with David Griffiths and David Pringle and the support manager for the UK Equity Absolute Return Fund. He has analysis responsibilities for the mining and media sectors. Malcolm joined us in 2003 from Scottish Equitable where he was a business analyst. He studied Financial Services at Napier University, is a CFA charterholder and a member of the CFA institute
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, 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 Equity Market Neutral A Hedged Acc EUR
Initial charge5.5%
Annual charge1.5%
Min single investment£500
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.6934
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMX3I
Kames Equity Market Neutral B Acc GBP
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9693
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJD
Kames Equity Market Neutral B Hedged Acc CHF
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.6496
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJG
Kames Equity Market Neutral B Hedged Acc EUR
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.7956
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJE
Kames Equity Market Neutral B Hedged Acc SEK
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.0174
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMY1U
Kames Equity Market Neutral B Hedged Acc USD
Initial charge-
Annual charge0.85%
Min single investment£500,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9504
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWJF
Data provided by

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