Fact sheet: Kames Property Income

Fund information
Fund name
Kames Property Income B Acc
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Richard Peacocksince 01/01/2017
  • David Wisesince 28/03/2014
Accolades
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
Quick stats
1 Year return
3.9%
1 Year rank in sector
-
Sector
UT Property
Yield
4.5%
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
£435m (£442m 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.
64
Top in this sector
Fund name1 Year
Schroder Gbl Rel Est Sec Inc27.2%
L&G Global Real Estate Div Ix27.2%
Scot Wid MM Gbl RlEstSecs26.7%
BlackRock Gbl PrpSecEqTrk26.6%
First State AsianPropSec26.5%
...more in UT Property

Performance snapshot

Holdings snapshot

  • North West UK30%
    Yorkshire & Humberside17.1%
    Scotland14.8%
    Northern UK13.9%
    South West UK12.6%
  • Offices - Property54.4%
    Retail - Property19.8%
    Leisure - Property13.9%
    Industrial - Property9.4%
    Others2.5%
  • Property69.7%
    Others22.4%
    International Equities7.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%2.2%12.1%3.9%--
Sector1.2%3.2%2.3%6.8%22.7%34.6%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.6%3%8.3%--
Sector1.2%5%5.4%10.7%4.7%
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.
-
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 high123.93
52 week low106.75
Current bid price123.91
Current offer price127.01
Current mid price-
Region
1North West UK30.01%
2Yorkshire & Humberside17.08%
3Scotland14.8%
4Northern UK13.88%
5South West UK12.56%
6South East UK6.05%
7Midlands2.87%
8Outer London2.75%
Industry sector
1Offices - Property54.43%
2Retail - Property19.76%
3Leisure - Property13.94%
4Industrial - Property9.36%
5Others2.51%
Asset type
1Property69.73%
2Others22.36%
3International Equities7.91%
Individual holdings
1DIRECT PROPERTY ASSET72.66%
2DERWENT LONDON PLC2.53%
3LAND SECURITIES GROUP PLC2.29%
4GREAT PORTLAND ESTATES PLC1.13%
5BRITISH LAND CO PLC0.89%
6LONDONMETRIC PROPERTY PLC0.46%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
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
Fund managers
NameSinceBiography
Richard Peacock01/01/2017Richard is a fund manager in the property team and co-manages the Kames Property Income Fund. He joined us in 2016 from Aviva Investors, where he was fund manager for the Aviva Investors Pensions Ltd Property Fund. He has a BA (Hons) in Geography from Durham University and an MSc in Land Management from the University of Reading
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, Property Authorised Investment Funds
Domicile
No data available.
Fund for sale in
United Kingdom
Kames Property Income B Acc
Initial charge2.5%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price123.91
Offer price127.01
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK7JR
Kames Property Income B Gr Acc
Initial charge2.5%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price127.27
Offer price130.45
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK7JP
Kames Property Income B Gr Inc
Initial charge2.5%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price108.8
Offer price111.52
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK7JQ
Kames Property Income B Inc
Initial charge2.5%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price108.75
Offer price111.47
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK7JS
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.