Fact sheet: MI Activus Wealth

Fund information
Fund name
MI Activus Wealth Z Acc
Fund manager company
Activus Wealth Ltd
Fund type
OEIC
Fund manager
  • Dave Fergusonsince 18/07/2016
Fund objective
The investment objective is to achieve an annual gross return of the Bank of England base rate + 4% over the full market cycle without the constraints of any fixed asset allocation parameters.
Benchmark
  • Bank of England Base Rate + 4%
Investment style
Flexible
Investment method
None
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
UT Targeted Absolute Return
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.
0.76%
Fund size
£24m (£14m 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.
53
Mid price
99.76
Top in this sector
Fund name1 Year
Majedie Tortoise25.5%
Jupiter Absolute Return11.9%
CF Ruffer Absolute Return9.7%
7IM Unconstrained9.6%
IFSL Brooks Macdonald DC8.6%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Not Specified72.5%
    UK8.7%
    Money Market7.7%
    Asia4.1%
    USA3.9%
  • No data available.
  • Hedge29.9%
    Commodity & Energy20.1%
    Others10.3%
    UK Equities8.7%
    Money Market7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-1%----
Sector-0.2%-0.1%1.3%0.4%6%15.4%
Rank within sector61 / 7455 / 74----
Quartile4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector0.3%2.2%2.5%6.5%3.3%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high102.4
52 week low98.95
Current bid price-
Current offer price-
Current mid price99.76
Region
1Not Specified72.5%
2UK8.7%
3Money Market7.7%
4Asia4.1%
5USA3.9%
6Europe1.4%
7Japan1%
8Global Emerging Markets0.7%
Industry sector
No data available.
Asset type
1Hedge29.9%
2Commodity & Energy20.1%
3Others10.3%
4UK Equities8.7%
5Money Market7.7%
6Private Equity7.1%
7Asia Pacific Equities4.1%
8US Equities3.9%
9Global Index Linked3.5%
Individual holdings
1ODEY ABSOLUTE RETURN 7.8%
2MARLBOROUGH SPECIAL SITUATIONS A ACC6.9%
3THIRD POINT6.8%
4BACIT LIMITED5.9%
5BBGI SICAV SA5.5%
6BH GLOBAL GBP5.3%
7BLACKROCK GOLD & GENERAL A ACC5.3%
8DW CATALYST5.3%
9PERSONAL ASSETS TRUST PLC ORD5.1%
Management
Fund manager group
No data available.
Fund manager company
Activus Wealth Ltd
Fund type
OEIC
Fund objective
The investment objective is to achieve an annual gross return of the Bank of England base rate + 4% over the full market cycle without the constraints of any fixed asset allocation parameters.
Benchmark
  • Bank of England Base Rate + 4%
Investment style
Flexible
Investment method
None
Fund manager
NameSinceBiography
Dave Ferguson18/07/2016Dave established Activus Wealth in 2012 and has more than 25 years of investment and risk management experience. Dave joined Citibank in 1998 as a quantitative analyst and became a portfolio manager in asset backed securities and debt derivatives. From 1993 he was a principal and portfolio manager for institutional money managers including Fortress and Apollo and has worked in Bermuda, New York and Montreal. Dave graduated in 1998 with a degree in Mathematics from the University of London and holds the Diploma in Regulated Financial Planning and the Chartered Financial Analyst designation.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MI Activus Wealth A Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price99.38
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN0ZB
MI Activus Wealth A Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price99.382
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN0ZA
MI Activus Wealth Z Acc
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price99.76
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN0ZD
MI Activus Wealth Z Inc
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price99.4471
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN0ZC
Data provided by

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