Fact sheet: Kames Property Income Feeder

Fund information
Fund name
Kames Property Income Feeder B Inc
Fund manager company
Kames Capital plc
Fund type
Unit Trust
Fund managers
  • Alex Walkersince 28/03/2014
  • David Wisesince 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
1.4%
1 Year rank in sector
39/53
Sector
UT Property
Yield
4.3%
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
£467m (£497m 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.
60
Bid price
109.01
Offer price
111.74
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop35.1%
First State AsianPropSec21.6%
Schroder Gbl Rel Est Sec Inc19.2%
Fidelity Global Property18.9%
BlackRock Gbl PrpSecEqTrk17.9%
...more in UT Property

Performance snapshot

Holdings snapshot

  • North West UK27.7%
    Yorkshire & Humberside17.2%
    Scotland13.7%
    Northern UK12.6%
    South West UK11.7%
  • Offices - Property50.3%
    Retail - Property24.3%
    Leisure - Property14.6%
    Industrial - Property8.6%
    Others2.3%
  • Property71.5%
    Others21.2%
    International Equities7.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%1%3.5%1.4%18.2%-
Sector0.2%0.8%3.9%6%20.9%36.7%
Rank within sector32 / 5228 / 5429 / 5439 / 5333 / 50-
Quartile3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.7%2.9%7.7%--
Sector2%5%5.4%10.7%4.7%
Rank within sector29 / 5426 / 5227 / 52--
Quartile3rd2nd3rd
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.
7.43
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.
-0.14
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.
0.3
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%.
7.88
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.
10.19
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.
-0.24
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.
0.01
Price movement
52 week high112.51
52 week low96.55
Current bid price109.01
Current offer price111.74
Current mid price-
Region
1North West UK27.72%
2Yorkshire & Humberside17.21%
3Scotland13.69%
4Northern UK12.63%
5South West UK11.66%
6Midlands5.91%
7South East UK5.91%
8Outer London3.92%
9London1.35%
Industry sector
1Offices - Property50.28%
2Retail - Property24.27%
3Leisure - Property14.55%
4Industrial - Property8.59%
5Others2.31%
Asset type
1Property71.53%
2Others21.24%
3International Equities7.24%
Individual holdings
No data available.
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital plc
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
Alex Walker28/03/2014Alex Walker is a fund manager in the property team and co-manages the Kames Property Income Fund. Alex is also part of the management team for the Aegon UK Property Fund. 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.
David Wise28/03/2014David Wise joined Kames Capital in October 2007. He is head of the Direct Property Investment team and co-manages the Kames Property Income Fund. David was previously at Morley Fund Management (now Aviva Investors) and its predecessors (Commercial Union and CGU) for 21 years where he was Property Investment Director. During his time at Aviva he launched the Ashtenne Industrial Fund one of the first large indirect property funds and was manager of a number of major funds including the Commercial Union Life Fund, General Accident Life Fund, Norwich Union Linked Life Fund and Aviva Investors Pooled Pension Fund. David is a Chartered Surveyor and board member of AREF (Association of Real Estate Funds), Chairman of the AREF Corporate Governance Committee and served on the Government’s 2007 Leasecode working party.
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 price109.01
Offer price111.74
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK7JU
Data provided by

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