Fact sheet: Majedie Tortoise

Fund information
Fund name
Majedie Tortoise A GBP
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund managers
  • Matthew Smithsince 12/02/2013
  • Tom Morrissince 30/09/2013
Fund objective
To achieve positive absolute returns in all market conditions over rolling three-year periods with less volatility than a conventional long-only equity fund.
Benchmark
No data available.
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
10.8%
1 Year rank in sector
10/71
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.
2.56%
Fund size
£1,100m (£939m 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.
67
Mid price
234.09
Top in this sector
Fund name1 Year
7IM Unconstrained16.7%
VT iFunds Absolute Rtn Orange15.3%
S&W Saltus Wealth14.9%
FP Pictet Multi Asset Portfolio14.9%
CF Ruffer Absolute Return14.7%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Money Market93.4%
    UK13.3%
    Not Specified9.5%
    Russia6.5%
    Italy4.7%
  • Money Market93.4%
    Retailers - Food9.1%
    Fixed Interest8.5%
    Oil & Gas - Integrated6.1%
    Gold5.4%
  • Money Market93.4%
    UK Equities13.3%
    Global Fixed Interest8.5%
    Russian Equities6.5%
    Italian Equities4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-0.9%2.8%10.8%6.3%34.8%
Sector0.1%1.1%1.2%2.8%5.7%15.6%
Rank within sector73 / 7770 / 7720 / 7410 / 7132 / 559 / 46
Quartile4th4th2nd1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund-1.5%24.4%-9.2%-0.3%16.1%
Sector0.9%1%2.2%2.5%6.5%
Rank within sector73 / 771 / 7064 / 6451 / 558 / 50
Quartile4th1st4th4th1st
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.
0.33
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.
0.35
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
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%.
9.85
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.
10.31
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.
-0.42
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.
0.04
Price movement
52 week high245.47
52 week low204.47
Current bid price-
Current offer price-
Current mid price234.09
Region
1Money Market93.39%
2UK13.26%
3Not Specified9.53%
4Russia6.51%
5Italy4.7%
6Canada3.97%
7China3.34%
8Japan3.03%
9Denmark1.93%
Industry sector
1Money Market93.39%
2Retailers - Food9.06%
3Fixed Interest8.48%
4Oil & Gas - Integrated6.07%
5Gold5.44%
6Telecommunications Utilities5.38%
7Oil & Gas Exploration & Production5.26%
8Mineral Extraction5.02%
9Banks4.23%
Asset type
1Money Market93.39%
2UK Equities13.26%
3Global Fixed Interest8.48%
4Russian Equities6.51%
5Italian Equities4.7%
6Canadian Equities3.97%
7Chinese Equities3.34%
8Japanese Equities3.03%
9Danish Equities1.93%
Individual holdings
1BARRICK GOLD CORP5.44%
2ANGLO AMERICAN5.02%
3Government Of United Kingdom 0.0% 24-apr-20174.24%
4TESCO3.64%
5MORRISON(WM.)SUPERMARKETS3.11%
6Government Of United Kingdom 0.0% 18-apr-20172.92%
7GAZPROM OAO2.78%
8STANDARD CHARTERED2.56%
9ORANGE SA2.5%
Management
Fund manager group
Majedie
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund objective
To achieve positive absolute returns in all market conditions over rolling three-year periods with less volatility than a conventional long-only equity fund.
Benchmark
No data available.
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Matthew Smith12/02/2013Matthew Smith is a fund manager and analyst with 22 years' investment experience in UK and international equity markets. Matthew is responsible for lead managing the Tortoise Fund and co-managing both the UK Equity and UK Focus funds. Before joining Majedie in 2006, Matthew had been a Director at Deutsche Bank, where he was Pan European Support Services Analyst. Until 2004 he had been a Director and Transport Analyst at Credit Suisse. Prior to that, he was a fund manager and analyst at NPI, where he managed the NPI UK Extra Income Unit Trust. Matthew joined NPI in 1994. He holds a Bachelor of Sciences degree in Geophysics from the University of Southampton.
Tom Morris30/09/2013Tom Morris is a fund manager and analyst with 7 years’ investment experience in UK and international equity markets. Tom is responsible for co-managing both the Global Equity and Global Focus funds and also the Tortoise Fund. Tom holds a Master of Sciences degree in Natural Sciences, specialising in Physics, from St Catharine’s College, Cambridge. He is a CFA charter holder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Majedie Tortoise A GBP
Initial charge-
Annual charge2.5%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)2.56%
Total expense ratio (TER)2.57%
Bid price-
Offer price-
Mid price234.09
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGM5V
Majedie Tortoise B GBP
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.07%
Bid price-
Offer price-
Mid price271.39
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGM5W
Majedie Tortoise C GBP
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price195.73
CurrencyGBX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGM5X
Majedie Tortoise H USD
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price242.15
CurrencyUSX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGM5Y
Majedie Tortoise I EUR
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.56%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price222.46
CurrencyEUX
Price updated21/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGM5Z
Data provided by

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