Fact sheet: Kames UK Equity Absolute Ret

Fund information
Fund name
Kames UK Equity Absolute Return B Acc
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Malcolm McPartlinsince 02/12/2014
  • David Griffithssince 22/02/2010
  • David Pringlesince 22/02/2010
Fund objective
The investment objective is to achieve a positive return over a rolling 36 month period in all market conditions. By investing in the Fund, capital is at risk. There is no guarantee that the Fund will deliver positive returns over this, or any, time period.
Benchmark
  • 1 Month GBP LIBOR
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
-1.5%
1 Year rank in sector
49/72
Sector
UT Targeted Absolute Return
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.
0.84%
Fund size
£582m (£554m 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.
19
Mid price
120.78
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%1%-1.7%-1.5%4.3%11.6%
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector12 / 7320 / 7458 / 7249 / 7239 / 5837 / 47
Quartile1st2nd4th3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-2.9%2.5%4.2%6.1%1.6%
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector58 / 7228 / 6725 / 5829 / 5336 / 47
Quartile4th2nd2nd3rd4th
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.
0.22
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.
0.53
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%.
2.92
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.
2.89
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.
-0.34
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.
0.09
Price movement
52 week high124.9
52 week low119.18
Current bid price-
Current offer price-
Current mid price120.78
Region
1UK100%
Industry sector
1Health Care3.9%
2Derivatives2%
3Materials1.5%
4Financials1.3%
5Industrials1.2%
6Information Technology0.7%
7Consumer Staples0.2%
8Energy-0.3%
9Consumer Discretionary-0.6%
Asset type
No data available.
Individual holdings
1TREASURY 0% TSY BILL 05/12/16 GBP17.78%
2TREASURY 0% TSY BILL 19/12/16 GBP14.32%
3ABN AMRO BANK NV 0.54% CT OF DEP 01/12/16 GBP13.46%
4DZ BANK AG-DEUTSCHE ZENTRAL-GENOSBK 0.42% CT OF DEP 19/01/17 GBP13.11%
5MIZUHO BANK LTD CD 0.43% 18/01/20173.11%
6SHIRE ORD GBP0.05 CFD2.66%
7NATIONWIDE BUILDING SOCIETY 0.38% CT OF DEP 06/01/17 GBP12.59%
8BAE SYSTEMS ORD GBP0.025 CFD2.38%
9BRIT AMER TOBACCO ORD GBP0.25 CFD2.27%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
Fund objective
The investment objective is to achieve a positive return over a rolling 36 month period in all market conditions. By investing in the Fund, capital is at risk. There is no guarantee that the Fund will deliver positive returns over this, or any, time period.
Benchmark
  • 1 Month GBP LIBOR
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
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
David Griffiths22/02/2010David 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 Pringle22/02/2010David 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Kames UK Equity Absolute Return A Acc
Initial charge2.5%
Annual charge1.55%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price115.05
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI8K8
Kames UK Equity Absolute Return B Acc
Initial charge-
Annual charge0.8%
Min single investment£2,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price120.78
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI8K9
Kames UK Equity Absolute Return D Acc
Initial charge2.5%
Annual charge1.05%
Min single investment£250,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.09%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.97
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI01Z
Data provided by

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