Fact sheet: LV= Investec UK Small Comp Pn

Fund information
Fund name
LV= Investec UK Smaller Companies Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Ken Hsiasince 21/01/2014
  • Calum Joglekarsince 31/07/2015
Underlying fund
Investec UK Smaller Comp
Fund objective
The Fund aims to achieve long term capital growth primarily through investment in equities issued by UK smaller companies and in derivatives the underlying assets of which are equities issued by UK smaller companies.
Benchmark
  • Numis Small Cap (ex IT) plus AIM
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2.9%
1 Year rank in sector
94/107
Sector
PN UK Smaller Companies
Yield
-
Fund size
£2m (£3m 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.
80
Bid price
174.2
Offer price
183.3
Top in this sector
Fund name1 Year
OMW Prof Liontrust UK Sm Cos Pn11.2%
Aviva Art UK Sm Cos Pn10.8%
OMW Liontrust UK Sm Cos10.4%
Pru Artemis UK Sm Cos Pn10.3%
FL Old Mutual UK Sm Cos Pn10.2%
...more in PN UK Smaller Companies

Performance snapshot

Holdings snapshot

  • UK98.1%
    Money Market1.9%
  • Consumer Services28%
    Industrials17.1%
    Financials16.6%
    Technology13.5%
    Consumer Goods11%
  • UK Equities98.1%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-3.5%-1.1%-2.9%11.9%98.4%
Sector1.3%0.5%3.4%3.6%22.1%101%
Rank within sector102 / 112100 / 11197 / 10994 / 10784 / 10357 / 95
Quartile4th4th4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-3.6%12.4%-1.1%46.4%25%
Sector2.5%17.6%-2.3%37.9%24.8%
Rank within sector95 / 10792 / 10636 / 10310 / 10251 / 95
Quartile4th4th2nd1st3rd
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.
-3.38
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.
1.14
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.
0.04
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%.
13.84
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.
5.55
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.
-0.48
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.
0.85
Price movement
52 week high184.1
52 week low150.7
Current bid price174.2
Current offer price183.3
Current mid price-
Region
1UK98.1%
2Money Market1.9%
Industry sector
1Consumer Services28%
2Industrials17.1%
3Financials16.6%
4Technology13.5%
5Consumer Goods11%
6Health Care4.6%
7Basic Materials2.4%
8Telecommunications2.4%
9Money Market1.9%
Asset type
1UK Equities98.1%
2Money Market1.9%
Individual holdings
1PAYSAFE GROUP PLC2.7%
2FDM GROUP PLC2.5%
3SAFESTYLE UK PLC2.5%
4Arrow Global Group Plc Ord2.4%
5GAMMA COMMUNICATIONS PLC2.4%
6NATIONAL EXPRESS GROUP PLC2.3%
7TARSUS GROUP PLC2.3%
8NEXT FIFTEEN COMMUNICATIONS GROUP2.2%
9XLMEDIA PLC2.2%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The Fund aims to achieve long term capital growth primarily through investment in equities issued by UK smaller companies and in derivatives the underlying assets of which are equities issued by UK smaller companies.
Benchmark
  • Numis Small Cap (ex IT) plus AIM
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Ken Hsia21/01/2014Ken is a portfolio manager and sector specialist covering the Industrials sector for the 4Factor UK Equity team. He joined Investec Asset Management in 2004 from MoVa Investment Partners, a hedge fund, where he was Portfolio Manager and co-founder. He was involved in managing a portfolio focused on European small and mid cap stocks. Prior to that, Ken spent eight years at Fidelity Investments as an equity analyst covering a range of sectors including UK and European auto components, construction, non-food retail and utilities, and was Assistant Fund Manager on the UK Recovery Trust (now renamed UK Aggressive). Ken graduated from Oxford University, with a Doctorate in Organic Chemistry. He is also an associate member of the UK Society of Investment Professionals (UKSIP).
Calum Joglekar31/07/2015Calum is co-portfolio manager in the 4Factor Equities Team at Investec Asset Management, for the UK Smaller Companies Fund. Calum joined the 4Factor team initially in 2010 as an analyst for the UK Smaller Companies Fund and the UK technology and telecoms sector He began his career as a graduate at ABN AMRO, subsequently Royal Bank of Scotland, as an analyst in the transport & logistics/ global industrials sector. While at RBS he worked on a number of announced deals and takeover approaches, performing strategic industry analysis and valuation modelling. Calum graduated from Edinburgh University in 2006 with a first class degree in Biological Sciences and is also a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Investec UK Smaller Companies Pn S2
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.84%
Bid price174.2
Offer price183.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLUP2
Data provided by

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