Fact sheet: Kempen (Lux) Global Property

Fund information
Fund name
Kempen (Lux) Global Property I
Fund manager company
Kempen Capital Management N.V.
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
Kempen International Funds SICAV - Kempen (Lux) Global Property Fund (the Fund) has the objective to achieve strong relative investment results by investing in a concentrated portfolio of listed global property companies. The Fund is managed on the basis of a bottom-up stock picking approach. The Fund's strategy is to exploit mispricings between the valuation of property companies in relation to the quality of their real estate portfolios, balance sheets, corporate governance and management capability to add value to the property portfolio.
Benchmark
  • FTSE EPRA/NAREIT Developed
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3.3%
1 Year rank in sector
8/44
Sector
FO Property - International
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.
0.91%
Fund size
£56m (£21m 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.
109
Top in this sector
Fund name1 Year
SKAGEN SKAGEN m224.3%
Sarasin IE GblRlEstEq(£)18.8%
HSBC GIF GblRlEstEqt15.2%
Fidelity Gbl Prop14.7%
Oasis Crescent GlbProEq14.7%
...more in FO Property - International

Performance snapshot

Holdings snapshot

  • USA54.6%
    Japan10.2%
    Australia5.3%
    Hong Kong5.3%
    France4.9%
  • Retail27.2%
    Offices - Property25.3%
    Residential - Property18.6%
    Industrials17.3%
    Others11.6%
  • Property Shares100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%-4.9%0.8%3.3%51.2%107.3%
Sector-1.2%-6.7%-1.7%-0.2%21.2%50.6%
Rank within sector4 / 4414 / 4514 / 458 / 442 / 421 / 34
Quartile1st2nd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund4.8%14%27.7%6.8%26.7%
Sector0.5%4.3%16%0.9%21.8%
Rank within sector7 / 441 / 437 / 424 / 4011 / 34
Quartile1st1st1st1st2nd
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.
6.68
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.
1.23
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.
0.72
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%.
14.87
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.
7.78
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.
0.99
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.
0.74
Price movement
52 week high2848.47
52 week low2219.36
Current bid price-
Current offer price-
Current mid price2656.12
Region
1USA54.6%
2Japan10.2%
3Australia5.3%
4Hong Kong5.3%
5France4.9%
6Singapore4.6%
7UK4.5%
8Others4.4%
9Germany3.6%
Industry sector
1Retail27.2%
2Offices - Property25.3%
3Residential - Property18.6%
4Industrials17.3%
5Others11.6%
Asset type
1Property Shares100%
Individual holdings
1SIMON PROPERTY GROUP INC6.2%
2BOSTON PROPERTIES INC4.1%
3EQUITY RESIDENTIAL PROPERTIES TRUST SHS OF BENEFICIAL INTEREST USD0.013.3%
4ESSEX PROPERTY TRUST INC USD0.00013.3%
5GOODMAN GROUP3.2%
6ALEXANDRIA REAL ESTATE EQUITIES INC3.1%
7KILROY REALTY CORP3.1%
8MITSUI FUDOSAN3.1%
9NATIONAL RETAIL PROPERTIES INC2.9%
Management
Fund manager group
No data available.
Fund manager company
Kempen Capital Management N.V.
Fund type
Offshore Fund
Fund objective
Kempen International Funds SICAV - Kempen (Lux) Global Property Fund (the Fund) has the objective to achieve strong relative investment results by investing in a concentrated portfolio of listed global property companies. The Fund is managed on the basis of a bottom-up stock picking approach. The Fund's strategy is to exploit mispricings between the valuation of property companies in relation to the quality of their real estate portfolios, balance sheets, corporate governance and management capability to add value to the property portfolio.
Benchmark
  • FTSE EPRA/NAREIT Developed
Investment style
None
Investment method
Shares
Fund manager
No data available.
Compliance
Transparent for Swiss Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Germany, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Sweden
Kempen (Lux) Global Property A
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)2.07%
Bid price-
Offer price-
Mid price62.34
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM2C2
Kempen (Lux) Global Property AN
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price63.75
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRTM
Kempen (Lux) Global Property I
Initial charge-
Annual charge0.7%
Min single investment£50,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price2656.12
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM2C3
Kempen (Lux) Global Property J
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1075.92
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC2BI
Data provided by

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