Fact sheet: Kames Property Income Feeder

Fund information
Fund name
Kames Property Income Feeder B Inc
Fund manager company
Kames Capital
Fund type
Unit Trust
Fund managers
  • David Wisesince 28/03/2014
  • Alex Walkersince 28/03/2014
Fund objective
The investment objective is to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In doing so, the Kames Property Income Fund aims to provide income with potential for capital growth through investment mainly in commercial property.
Benchmark
  • IA UK Direct Property
Investment style
None
Investment method
Physical, Feeder fund
Quick stats
1 Year return
2.2%
1 Year rank in sector
24/52
Sector
UT Property
Yield
4.8%
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.
0.96%
Fund size
£433m (£368m 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.
67
Bid price
107.63
Offer price
110.32
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop52.1%
Schroder Gbl Rel Est Sec Inc25.4%
BlackRock Gbl PrpSecEqTrk22.6%
First State AsianPropSec22%
F&C Gbl Real Est Secs21.9%
...more in UT Property

Performance snapshot

Holdings snapshot

  • North West UK28.4%
    Yorkshire & Humberside17.6%
    Scotland14.9%
    Northern UK14.2%
    South West UK12.4%
  • Offices - Property55%
    Retail - Property19.9%
    Leisure - Property14.8%
    Industrial - Property7.8%
    Other - Property2.5%
  • Property69.8%
    Others28.4%
    International Equities1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%9.9%-1.4%2.2%--
Sector-0.4%-0.7%1%4.5%21.2%34.5%
Rank within sector11 / 503 / 5533 / 5424 / 52--
Quartile1st1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.7%7.7%---
Sector3.2%5.4%10.7%4.7%6.7%
Rank within sector23 / 5227 / 51---
Quartile2nd3rd
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 high112.51
52 week low96.55
Current bid price107.63
Current offer price110.32
Current mid price-
Region
1North West UK28.38%
2Yorkshire & Humberside17.63%
3Scotland14.86%
4Northern UK14.2%
5South West UK12.43%
6South East UK6.69%
7Midlands3.04%
8Outer London2.77%
Industry sector
1Offices - Property54.96%
2Retail - Property19.9%
3Leisure - Property14.84%
4Industrial - Property7.78%
5Other - Property2.53%
Asset type
1Property69.82%
2Others28.4%
3International Equities1.78%
Individual holdings
No data available.
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
Unit Trust
Fund objective
The investment objective is to carry on Property Investment Business and to manage cash raised from investors for investment in the Property Investment Business. In doing so, the Kames Property Income Fund aims to provide income with potential for capital growth through investment mainly in commercial property.
Benchmark
  • IA UK Direct Property
Investment style
None
Investment method
Physical, Feeder fund
Fund managers
NameSinceBiography
David Wise28/03/2014David is an investment director in the property team and is a member of the Property Senior Management team. He joined us in 2007 from Aviva Investors where he was Property Investment Director. David is a member of the ABI Property Panel and has recently been appointed Chairman of AREF.
Alex Walker28/03/2014Alex is the co-manager of the Kames Property Income Fund, and is also responsible for a portfolio of assets within the Aegon UK Property Fund as well as new business initiatives. He joined us in 2008 from Aviva Investors, where he was an assistant fund manager in the property team. Alex studied Land Management at Reading University and is a Member of the Royal Institution of Chartered Surveyors
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Kames Property Income Feeder B Inc
Initial charge2.5%
Annual charge0.75%
Min single investment£250,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price107.63
Offer price110.32
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK7JU
Data provided by

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