Fact sheet: MI Momentum Factor 5

Fund information
Fund name
MI Momentum Factor 5 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 5 Fund aims to deliver a real return for investors over the medium to long term of CPI +5% net of fees, with anticipated volatility in the range of 10-14%. The Fund aims to operate within the 'low 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 six years.
Benchmark
  • UK CPI +5% (net)
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
23.1%
1 Year rank in sector
101/237
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
£27m (£18m 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.
57
Mid price
141.242
Top in this sector
Fund name1 Year
M&G Managed Growth45.6%
NFU Mutual Mixed Pfl Max100% Shrs39.7%
CF IM Global Strategy39.6%
Invesco Perp Managed Growth37.7%
Margetts Venture Strategy37.2%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • UK55.1%
    USA15.3%
    Europe ex UK9.2%
    Others6.9%
    Asia Pacific ex Japan6.4%
  • No data available.
  • UK Equities45.1%
    Global Fixed Interest12.9%
    Global Developed Equities10%
    Global Investment Grade Fixed Interest8.6%
    Global Emerging Market Equities7.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.8%2.9%7.5%23.1%24.1%-
Sector3.3%2.9%8.8%19.9%22.1%50.7%
Rank within sector95 / 253121 / 253167 / 250101 / 23798 / 193-
Quartile2nd2nd3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.3%15.7%1.3%4.8%11.5%
Sector2.1%12.8%2%4.9%14.1%
Rank within sector111 / 24790 / 236133 / 213119 / 192121 / 181
Quartile2nd2nd3rd3rd3rd
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.
1.41
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.
0.83
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.
0.52
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%.
6.91
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.
2.69
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.
0.12
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.
0.88
Price movement
52 week high140.74
52 week low112.61
Current bid price-
Current offer price-
Current mid price141.24
Region
1UK55.05%
2USA15.25%
3Europe ex UK9.21%
4Others6.9%
5Asia Pacific ex Japan6.43%
6Money Market4.1%
7Japan3.07%
Industry sector
No data available.
Asset type
1UK Equities45.1%
2Global Fixed Interest12.9%
3Global Developed Equities10%
4Global Investment Grade Fixed Interest8.6%
5Global Emerging Market Equities7.6%
6UK Property6.3%
7Money Market4.1%
8Commodity & Energy3.1%
9Global Government Fixed Interest2.3%
Individual holdings
1ISHARES FTSE 10012%
2SCHRODER UK RECOVERY11.3%
3EVENLODE INCOME8.8%
4CF LINDSELL TRAIN UK EQUITY8.4%
5AXA US SHORT DURATION HIGH YIELD BOND Z ACC8%
6RWC INCOME OPPORTUNITIES8%
7EDISTON PROPERTY INVESTMENT COMPANY PLC ORD 1P4.7%
8ISHARES £ CORPORATE BOND 1-5YR UCITS ETF GBP4.2%
9ISHARES £ CORPORATE BOND 1-5YR UCITS ETF GBP4.2%
Management
Fund manager group
Momentum Global Investment Mgt
Fund manager company
Momentum Global Investment Mgt
Fund type
OEIC
Fund objective
The MI Momentum Factor 5 Fund aims to deliver a real return for investors over the medium to long term of CPI +5% net of fees, with anticipated volatility in the range of 10-14%. The Fund aims to operate within the 'low 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 six years.
Benchmark
  • UK CPI +5% (net)
Investment style
Aggressive
Investment method
None
Fund manager
NameSinceBiography
James Klempster05/11/2012James 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, Non UCITS Retail Scheme, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MI Momentum Factor 5 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 price141.242
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGGMN
MI Momentum Factor 5 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 codeNB2U
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