Fact sheet: Kennox Strategic Val

Fund information
Fund name
Kennox Strategic Value Inst Acc
Fund manager company
Kennox Asset Management Ltd
Fund type
OEIC
Fund managers
  • Charles L. Heenansince 01/07/2007
  • Geoff Leggsince 01/07/2007
Fund objective
The objective of the Company is to focus on long-term capital preservation and appreciation by providing investors with a concentrated portfolio of international equities, bonds and/or cash. The Company will focus on a small number of diverse, good-value opportunities which have identifiable business franchises but are experiencing temporarily depressed earnings. The Company can achieve the double benefit of growing earnings and rising expectations in the market. Adhering to this method of “strategic value investing”, the Company aims to maximise long-term risk-adjusted returns. The Company may also invest in other transferable securities, collective investment schemes, warrants, money markets instruments, deposits and other permitted investments. It is the ACD’s intention that derivatives and forward transactions be used for Efficient Portfolio Management. The Company does not offer a capital guarantee or principal protection mechanism but attempts to protect investors' capital through selection of stocks trading at a significant discount to the Investment Manager’s appraisal of their fair value.
Benchmark
  • No Specified Index
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
20.1%
1 Year rank in sector
195/243
Sector
UT Global
Yield
1.8%
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.
1.16%
Fund size
£208m (£187m 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.
97
Mid price
139.7
Top in this sector
Fund name1 Year
Natixis HarsAsGblConcntdEq44.1%
Investec Gbl Spcl Situations40.1%
Baillie Gifford Global Select39%
Orbis Gbl Eq37.1%
NFU Mutual Global Growth36.9%
...more in UT Global

Performance snapshot

Holdings snapshot

  • UK19%
    USA15.5%
    Japan14.4%
    Hong Kong10.3%
    Money Market9.2%
  • Consumer Discretionary17.7%
    Energy15.1%
    Telecommunications Utilities12.5%
    Information Technology11%
    Health Care10%
  • UK Equities19%
    US Equities15.5%
    Japanese Equities14.4%
    Hong Kong Equities10.3%
    Money Market9.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%0.9%-1.8%20.1%26.1%58%
Sector0.3%3%5.9%24.2%40.1%73.4%
Rank within sector195 / 254235 / 252249 / 250195 / 243201 / 223-
Quartile4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-0.4%35.8%-4%-1.1%-
Sector4.5%21%3.4%6.7%19.7%
Rank within sector248 / 25210 / 240219 / 229211 / 217-
Quartile4th1st4th4th
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.
-2.04
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.
0.88
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.
0.43
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%.
11.78
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.
7.9
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.
-0.46
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.
0.56
Price movement
52 week high144.4
52 week low114
Current bid price-
Current offer price-
Current mid price139.7
Region
1UK19%
2USA15.49%
3Japan14.44%
4Hong Kong10.3%
5Money Market9.17%
6France8.89%
7Germany6.2%
8Netherlands4.99%
9Singapore4.28%
Industry sector
1Consumer Discretionary17.74%
2Energy15.09%
3Telecommunications Utilities12.53%
4Information Technology10.95%
5Health Care9.96%
6Financials9.3%
7Money Market9.17%
8Materials7.17%
9Industrials5.43%
Asset type
1UK Equities19%
2US Equities15.49%
3Japanese Equities14.44%
4Hong Kong Equities10.3%
5Money Market9.17%
6French Equities8.89%
7German Equities6.2%
8Dutch Equities4.99%
9Singapore Equities4.28%
Individual holdings
1NEOPOST5.91%
2NEWMONT MINING CORP5.71%
3M1 LTD4.28%
4TEXWINCA HLDGS4.12%
5EXXON MOBIL CORP3.94%
6WESTERN UNION COMPANY (THE)3.83%
7ROYAL DUTCH SHELL3.82%
8BP3.8%
9GLAXOSMITHKLINE3.6%
Management
Fund manager group
No data available.
Fund manager company
Kennox Asset Management Ltd
Fund type
OEIC
Fund objective
The objective of the Company is to focus on long-term capital preservation and appreciation by providing investors with a concentrated portfolio of international equities, bonds and/or cash. The Company will focus on a small number of diverse, good-value opportunities which have identifiable business franchises but are experiencing temporarily depressed earnings. The Company can achieve the double benefit of growing earnings and rising expectations in the market. Adhering to this method of “strategic value investing”, the Company aims to maximise long-term risk-adjusted returns. The Company may also invest in other transferable securities, collective investment schemes, warrants, money markets instruments, deposits and other permitted investments. It is the ACD’s intention that derivatives and forward transactions be used for Efficient Portfolio Management. The Company does not offer a capital guarantee or principal protection mechanism but attempts to protect investors' capital through selection of stocks trading at a significant discount to the Investment Manager’s appraisal of their fair value.
Benchmark
  • No Specified Index
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Charles L. Heenan01/07/2007Charles heads our investment team and overall management of the Kennox Strategic Value Fund. He has 20 years' experience in global stock markets and over this time he has developed his own distinct value approach to global investing. In 1997 Charles joined First State Investments (then called Stewart Ivory) where he was involved in all aspects of the highly successful Asia Pacific (ex Japan) and Emerging Markets team’s investment activities. Prior to this Charles was with Brockhouse & Cooper, a consultant and broker firm based in Montreal. Charles achieved the Chartered Financial Analyst designation in 1995. Charles and Geoff launched the Strategic Value portfolio, then known as the Contrarian Global Value Fund, in July 2007.
Geoff Legg01/07/2007Geoff has been running the Strategic Value Portfolio with Charles since July 2007, and is involved in all aspects of the investment process with a focus on individual stock analysis and selection. Geoff has over 10 years' experience in financial services having previously qualified as an actuary with Towers Perrin. Geoff has a first class maths and physics degree and a postgraduate masters in financial mathematics.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Kennox Strategic Value A Acc
Initial charge5%
Annual charge0.8%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price140.6
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJAQS
Kennox Strategic Value A Inc
Initial charge5%
Annual charge0.8%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price127.7
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJAQT
Kennox Strategic Value Inst Acc
Initial charge5%
Annual charge1%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.7
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJAQU
Kennox Strategic Value Inst Inc
Initial charge5%
Annual charge1%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.25%
Bid price-
Offer price-
Mid price127.7
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4Y2
Kennox Strategic Value Prof Acc
Initial charge5%
Annual charge1.3%
Min single investment£20,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136.4
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJAQV
Kennox Strategic Value Prof Inc
Initial charge5%
Annual charge1.3%
Min single investment£20,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.4
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCAD2
Data provided by

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