Fact sheet: Lib Bal

Fund information
Fund name
Libero Balanced B Inst Acc
Fund manager company
Thesis Unit Trust Mgmt Ltd
Fund type
OEIC
Fund managers
  • William Buckhurstsince 08/11/2010
  • Alan McIntoshsince 08/11/2010
Fund objective
The Libero Balanced Fund aims to produce a balance between income and capital growth through a balanced investment strategy by investing in a well diversified spread of equities, bonds, and collective funds from each asset class and/or geographical sector. We have an active approach to stock-picking in UK and overseas markets. Where we feel that it would be more appropriate to access a particular asset class or geographical region through a collective fund, our independence allows us to select the best performing collective funds in the market place, without any affiliation to, or over-reliance on, one single investment house.
Benchmark
  • FTSE WMA Balanced Index
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
9.1%
1 Year rank in sector
155/268
Sector
UT Mixed Investment 40%-85% Shares
Yield
1.1%
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.
1.61%
Fund size
£32m (£30m 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.
64
Mid price
141.8
Top in this sector
Fund name1 Year
Orbis Gbl Bal33.6%
HSBC Wld Seltn Advntr Pfl21.9%
HSBC Gbl Strat Dyn Pfl20%
FP MA DRP VIII19.8%
S&W Millbank East River19.6%
...more in UT Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK33.8%
    Not Specified28.3%
    North America20%
    Europe ex UK5.4%
    Money Market4.2%
  • Equities67.5%
    Alternative Investment Strategies14.8%
    Fixed Interest13.5%
    Money Market4.2%
  • UK Equities33.8%
    North American Equities20%
    Alternative Investment Strategies14.8%
    Global Fixed Interest13.5%
    Europe ex UK Equities5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%-0.9%8.4%9.1%19.3%48.4%
Sector-0.8%-0.3%8%9.2%19.2%44.9%
Rank within sector149 / 280189 / 279127 / 275155 / 268149 / 24099 / 207
Quartile3rd3rd2nd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund9.4%2.7%3.6%17.2%9.2%
Sector9.4%2.2%5%13.5%9%
Rank within sector137 / 268115 / 252202 / 24254 / 224119 / 207
Quartile3rd2nd4th1st3rd
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.
-0.24
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.
1.05
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.
0.34
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%.
7.56
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.
1.53
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.
0.02
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.
0.96
Price movement
52 week high147.4
52 week low120.2
Current bid price-
Current offer price-
Current mid price141.8
Region
1UK33.78%
2Not Specified28.31%
3North America19.95%
4Europe ex UK5.43%
5Money Market4.21%
6Global Emerging Markets3.09%
7Japan3.08%
8Asia Pacific ex Japan2.16%
Industry sector
1Equities67.48%
2Alternative Investment Strategies14.82%
3Fixed Interest13.49%
4Money Market4.21%
Asset type
1UK Equities33.78%
2North American Equities19.95%
3Alternative Investment Strategies14.82%
4Global Fixed Interest13.49%
5Europe ex UK Equities5.43%
6Money Market4.21%
7Global Emerging Market Equities3.09%
8Japanese Equities3.08%
9Asia Pacific ex Japan Equities2.16%
Individual holdings
1FINDLAY PK FDS FP AMER7.22%
2IRIDIAN US EQUITY FUND4.72%
3VULCAN VALUE EQUITY FUND4.5%
4PRIVILEDGE SANDS US GROWTH FUND3.51%
5JOHCM CONTINENTAL EUROPEAN A EUR3.39%
6TREASURY 4.25% GILT 07/03/36 GBP0.013.36%
7ETFS GROUP ETFS PHYSICAL GOLD3.08%
8ETFS GROUP ETFS PHYSICAL GOLD3.08%
9TREASURY 4.75% GILT 07/12/30 GBP2.86%
Management
Fund manager group
Thesis Unit Trust Mgmt
Fund manager company
Thesis Unit Trust Mgmt Ltd
Fund type
OEIC
Fund objective
The Libero Balanced Fund aims to produce a balance between income and capital growth through a balanced investment strategy by investing in a well diversified spread of equities, bonds, and collective funds from each asset class and/or geographical sector. We have an active approach to stock-picking in UK and overseas markets. Where we feel that it would be more appropriate to access a particular asset class or geographical region through a collective fund, our independence allows us to select the best performing collective funds in the market place, without any affiliation to, or over-reliance on, one single investment house.
Benchmark
  • FTSE WMA Balanced Index
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
William Buckhurst08/11/2010William began his career in 2002 at Laing & Cruickshank Investment Management, which was acquired by UBS Wealth Management in 2004. He joined Cheviot Asset Management in 2006 where, in addition to managing private client, pension and charity portfolios, he is the comanager of the CF Cheviot Balanced Fund and the Climate Assets Fund and sits on Cheviot's external fund selection committee.
Alan McIntosh08/11/2010Alan began his career as a fund manager in 1982 at Scottish Life, followed by Municipal Mutual and BZW Investment Management. He joined Credit Suisse Asset Management in 1994 as UK Market Strategist, before moving in 1999 to Laing & Cruickshank Investment Management, where he ran the Model Portfolios and was Senior Equity Strategist. Alan continued in this role at UBS Wealth Management following their acquisition of Laing & Cruickshank in 2004, and was appointed Executive Director. He joined Cheviot Asset Management in 2006 as Chief Investment Officer.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Libero Balanced A Ret Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.03%
Bid price-
Offer price-
Mid price137.8
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGPD4
Libero Balanced A Ret Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)2.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price130.7
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGPD5
Libero Balanced B Inst Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price141.8
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGPD2
Libero Balanced B Inst Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.8
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGPD3
Libero Balanced C Acc
Initial charge10%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.8
CurrencyGBX
Price updated14/10/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeABZU
Libero Balanced C Inc
Initial charge10%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.4
CurrencyGBX
Price updated14/10/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeABZV
Libero Balanced CWM Acc
Initial charge10%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.36%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price141.4
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code13DV
Libero Balanced CWM Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.28%
Total expense ratio (TER)2.29%
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated31/01/2014
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code13DW
Libero Balanced D Acc
Initial charge10%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price138.7
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeABZS
Libero Balanced D Inc
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.03%
Total expense ratio (TER)1.98%
Bid price-
Offer price-
Mid price113.55
CurrencyGBX
Price updated31/01/2014
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeABZT
Libero Balanced X Acc
Initial charge10%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price149.1
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeABZW
Libero Balanced X Inc
Initial charge10%
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 price149.1
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMZKI
Data provided by

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