Fact sheet: Lazard Multicap UK Income

Fund information
Fund name
Lazard Multicap UK Income Inst Acc
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund managers
  • Alan Cliffordsince 31/08/2008
  • Alan Custissince 01/01/2009
Fund objective
To achieve capital growth by investing in shares of UK companies.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
5.6%
1 Year rank in sector
22/91
Sector
UT UK Equity Income
Yield
3.7%
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.
0.8%
Fund size
£91m (£94m 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.
87
Mid price
958.1
Top in this sector
Fund name1 Year
UBS UK Equity Income23.8%
Scot Wid Fdmtl Index UK Equity18.1%
SVS Church House DeepValInvts15.5%
SJP UK Growth13.7%
Jupiter Income Trust13.5%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK97.9%
    Money Market2.1%
  • Financials25.2%
    Oil & Gas13%
    Consumer Goods11.2%
    Consumer Services11.2%
    Health Care10.5%
  • UK Equities97.9%
    Money Market2.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%0.5%8.2%5.6%17.1%69.7%
Sector-2%-1.7%4.8%3.4%14.4%59.6%
Rank within sector32 / 9611 / 9617 / 9622 / 9137 / 8221 / 77
Quartile2nd1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.3%5.3%2.8%25.3%16.9%
Sector4.1%4.9%2.8%24.8%13.5%
Rank within sector26 / 9250 / 8750 / 8338 / 7921 / 78
Quartile2nd3rd3rd2nd2nd
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.
0.27
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.
0.96
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.
0.26
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%.
8.72
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.
2.41
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.
0.01
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.
0.93
Price movement
52 week high994.5
52 week low790.3
Current bid price-
Current offer price-
Current mid price958.1
Region
1UK97.9%
2Money Market2.1%
Industry sector
1Financials25.2%
2Oil & Gas13%
3Consumer Goods11.2%
4Consumer Services11.2%
5Health Care10.5%
6Industrials10.1%
7Telecommunications7.4%
8Basic Materials5.8%
9Money Market2.1%
Asset type
1UK Equities97.9%
2Money Market2.1%
Individual holdings
1ROYAL DUTCH SHELL6.4%
2BRITISH AMERICAN TOBACCO PLC6.1%
3HSBC HOLDINGS PLC6.1%
4BP PLC5.4%
5RIO TINTO PLC4.8%
6GLAXOSMITHKLINE PLC4%
7VODAFONE GROUP3.7%
8UNILEVER3.5%
9BT GROUP2.9%
Management
Fund manager group
Lazard Fund Managers
Fund manager company
Lazard Fund Managers
Fund type
OEIC
Fund objective
To achieve capital growth by investing in shares of UK companies.
Benchmark
  • FTSE All Share
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Alan Clifford31/08/2008Alan Clifford is a Portfolio Manager/Analyst on our UK Equity team, specifically responsible for managing UK Small Cap Equity and UK Income portfolios. Prior to joining Lazard in 2002, Alan was a member of the UK Small Cap portfolio management team of Legal & General Investment Management. He has a BA (Hons) degree in Economics from Newcastle Polytechnic. Alan achieved the AIIMR qualification in 1994 and is an Associate of the Chartered Institute of Management Accountants.
Alan Custis01/01/2009Alan Custis is a Portfolio Manager/Analyst on our UK Equity Team, responsible for managing UK equity portfolios. He joined Lazard Asset Management Limited in 2004 and his investment experience began in 1989. Prior to joining Lazard, Alan worked for JP MorganFleming for five years in a variety of UK roles including heading their mid-cap initiative and more recently as a member of the UK large cap team. Previously, he worked at Hill Samuel Asset Management where he was Head of Small Cap investment and at Morgan Grenfell Securities as a derivatives trader. Alan holds a Business degree with Honours from Staffordshire University in 1986.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Lazard Multicap UK Income Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£200,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price958.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLZ80
Lazard Multicap UK Income Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£200,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price631.7
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ81
Lazard Multicap UK Income Ret Acc
Initial charge3.75%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price1249
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLZ09
Lazard Multicap UK Income Ret Inc
Initial charge3.75%
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.33%
Total expense ratio (TER)1.33%
Bid price-
Offer price-
Mid price586.6
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLZ18
Data provided by

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