Fact sheet: MI Momentum Factor 3

Fund information
Fund name
MI Momentum Factor 3 A Acc
Fund manager company
Momentum Global Investment Mgt
Fund type
OEIC
Fund manager
  • James Klempstersince 01/04/2007
Fund objective
The MI Momentum Factor 3 Fund aims to deliver a real return for investors over the medium to long term of CPI +3% net of fees, with anticipated volatility in the range of 5-8%. The Fund aims to operate within the 'low' risk profile as defined by Distribution Technology, the independent fund rating agency. The Fund will invest across a range of asset classes using third party investment funds, and is classified in the IA Flexible Investment sector. The minimum investment horizon for the Fund should be thought of as four years.
Benchmark
  • UK CPI + 3%
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
9.5%
1 Year rank in sector
211/242
Sector
UT Flexible Investment
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.
1.45%
Fund size
£19m (£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.
34
Mid price
126.37
Top in this sector
Fund name1 Year
M&G Managed Growth32.8%
TB Wise Income30.2%
TB Wise Investment30%
Smith & Williamson MM GblInvest29.3%
CF Miton Worldwide Opps28.7%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK56.2%
    USA20.7%
    Others8%
    Europe ex UK7.5%
    Asia Pacific ex Japan5.4%
  • Alternative Assets100%
  • Global Investment Grade Fixed Interest28.3%
    Money Market15%
    UK Equities14.2%
    Global Government Fixed Interest13.2%
    Global Fixed Interest9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.5%1.4%9.5%16%27.6%
Sector-0.1%2.7%3.7%15.6%24.9%49%
Rank within sector93 / 255205 / 251217 / 243211 / 242165 / 191150 / 162
Quartile2nd4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.8%12.2%-0.8%3.5%4.9%
Sector3.4%12.8%2%4.9%14.1%
Rank within sector204 / 243143 / 230186 / 208145 / 186163 / 176
Quartile4th3rd4th4th4th
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.
1.05
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.
0.51
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.
0.41
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%.
4.37
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.
4.32
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.
-0.65
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.
0.76
Price movement
52 week high127.01
52 week low114.39
Current bid price-
Current offer price-
Current mid price126.37
Region
1UK56.2%
2USA20.7%
3Others8%
4Europe ex UK7.5%
5Asia Pacific ex Japan5.4%
6Japan2.2%
Industry sector
1Alternative Assets100%
Asset type
1Global Investment Grade Fixed Interest28.3%
2Money Market15%
3UK Equities14.2%
4Global Government Fixed Interest13.2%
5Global Fixed Interest9.6%
6Alternative Assets5.8%
7UK Property5.1%
8Commodity & Energy3.8%
9Global Developed Equities3.1%
Individual holdings
1ISHARES MARKIT IBOXX GBP CORPORATE BOND16%
2ISHARES £ CORPORATE BOND 0-5YR10.3%
3ISHARES JPMORGAN USD EMERGING MARKETS BOND5.4%
4SCHRODER UK RECOVERY5.2%
5AXA US SHORT DURATION HIGH YIELD BOND Z ACC5%
6EVENLODE INCOME4.6%
7US TIPS4.5%
8US TREASURY BOND4.5%
9EDISTON PROPERTY INVESTMENT COMPANY PLC ORD 1P3.8%
Management
Fund manager group
Momentum Global Investment Mgt
Fund manager company
Momentum Global Investment Mgt
Fund type
OEIC
Fund objective
The MI Momentum Factor 3 Fund aims to deliver a real return for investors over the medium to long term of CPI +3% net of fees, with anticipated volatility in the range of 5-8%. The Fund aims to operate within the 'low' risk profile as defined by Distribution Technology, the independent fund rating agency. The Fund will invest across a range of asset classes using third party investment funds, and is classified in the IA Flexible Investment sector. The minimum investment horizon for the Fund should be thought of as four years.
Benchmark
  • UK CPI + 3%
Investment style
Cautious
Investment method
None
Fund manager
NameSinceBiography
James Klempster01/04/2007James is the lead Portfolio Manager of a large number of Momentum’s global multi-asset solutions including the Factor Series and Managed Solutions fund ranges. James sits on the Momentum GIM Investment Strategy Group and in addition to his asset allocation responsibilities James is involved in the manager selection process across a number of asset classes, including ‘traditional’ and ‘esoteric’ strategies. James joined Momentum in 2007 and his previous experience encompasses both the management of long only equity portfolios and long only / hedge fixed income and currency strategies. James has an MA in Jurisprudence from the University of Oxford and is a CFA Charterholder.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MI Momentum Factor 3 A Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price126.37
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code04PZ
MI Momentum Factor 3 B Acc
Initial charge-
Annual charge1.5%
Min single investment£125,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)2.45%
Total expense ratio (TER)3.11%
Bid price-
Offer price-
Mid price127.5
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code04Q0
Data provided by

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