Fact sheet: MI Momentum Factor 4

Fund information
Fund name
MI Momentum Factor 4 A Acc
Fund manager company
Momentum Global Investment Mgt
Fund type
OEIC
Fund manager
  • James Klempstersince 05/11/2012
Fund objective
The MI Momentum Factor 4 Fund aims to deliver a real return for investors over the medium to long term of CPI +4% net of fees, with anticipated volatility in the range of 7-11%. The Fund aims to operate within the 'lowest medium' 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 five years.
Benchmark
  • UK CPI +4% (net)
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
11%
1 Year rank in sector
-
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.
1.49%
Fund size
£20m
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.
42
Mid price
128.8688
Top in this sector
Fund name1 Year
M&G Managed Growth27.1%
Margetts Venture Strategy23.7%
MGTS Frontier Adventurs21.7%
CF IM Global Strategy21.5%
The Divsftion ICVC21.1%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK47.4%
    USA17.4%
    Money Market11.5%
    Europe ex UK10.7%
    Asia Pacific ex Japan5.6%
  • No data available.
  • UK Equities31.2%
    Global Investment Grade Fixed Interest17.4%
    Global Fixed Interest15.5%
    Money Market11.5%
    Global Developed Equities10.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-0.3%6.5%11%18.4%-
Sector-1.5%1.4%9.8%9.8%18.3%48%
Rank within sector137 / 253-----
Quartile3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector10.1%2%4.9%14.1%9.7%
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.
1.72
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.
0.68
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.
0.49
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%.
5.64
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.
3.32
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.
-0.09
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.
0.84
Price movement
52 week high131.63
52 week low128.27
Current bid price-
Current offer price-
Current mid price128.87
Region
1UK47.43%
2USA17.43%
3Money Market11.5%
4Europe ex UK10.71%
5Asia Pacific ex Japan5.58%
6Others4.34%
7Japan3.01%
Industry sector
No data available.
Asset type
1UK Equities31.2%
2Global Investment Grade Fixed Interest17.4%
3Global Fixed Interest15.5%
4Money Market11.5%
5Global Developed Equities10.5%
6Global Emerging Market Equities5.2%
7UK Property4.5%
8Global Government Fixed Interest2.5%
9Commodity & Energy1.7%
Individual holdings
1AXA US SHORT DURATION HIGH YIELD BOND Z ACC11%
2ISHARES PLC ISHARES £ CORP BOND 0-5 UCITS ETF GBP DIST9.7%
3ISHARES PLC ISHARES £ CORP BOND 0-5 UCITS ETF GBP DIST9.7%
4SCHRODER UK RECOVERY8.6%
5EVENLODE INCOME6.9%
6RWC INCOME OPPORTUNITIES6.2%
7CF LINDSELL TRAIN UK EQUITY6.1%
8ISHARES PLC ISHARES CORE FTSE100 UCITS ETF GBP DIST6%
9ISHARES PLC ISHARES CORE FTSE100 UCITS ETF GBP DIST6%
Management
Fund manager group
Momentum Global Investment Mgt
Fund manager company
Momentum Global Investment Mgt
Fund type
OEIC
Fund objective
The MI Momentum Factor 4 Fund aims to deliver a real return for investors over the medium to long term of CPI +4% net of fees, with anticipated volatility in the range of 7-11%. The Fund aims to operate within the 'lowest medium' 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 five years.
Benchmark
  • UK CPI +4% (net)
Investment style
Balanced
Investment method
None
Fund manager
NameSinceBiography
James Klempster05/11/2012
Compliance
IA Recognised, Non UCITS Retail Scheme, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MI Momentum Factor 4 A Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price128.8688
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGGML
MI Momentum Factor 4 C Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.49%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNB2T
Data provided by

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