Fact sheet: Majedie Tortoise

Fund information
Fund name
Majedie Tortoise A GBP
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund managers
  • Tom Morrissince 30/09/2013
  • Matthew Smithsince 02/09/2007
Fund objective
To achieve positive absolute returns in all market conditions through investment primarily in long and synthetic short positions in equities over rolling three-year periods with less volatility than a conventional long-only equity fund
Benchmark
No data available.
Investment style
Absolute Return,Long/Short
Investment method
Equity
Quick stats
1 Year return
26.5%
1 Year rank in sector
2/108
Sector
FO Hedge/Stru Prod - Equity
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.
1.08%
Fund size
£0m
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.
69
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS27.5%
Majedie Tortoise26.5%
DNB ECO Abs Rt21.1%
Income Partners AllSeasnAsCred19.3%
Ennismore Eurpn Smallar Cos14.4%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%8.1%13%26.5%16.7%47.8%
Sector0.3%-0.3%0.3%-2.7%3.2%13.9%
Rank within sector97 / 1145 / 1266 / 1202 / 10816 / 729 / 49
Quartile4th1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund26.7%-8%0.8%17.3%6.9%
Sector-2.2%2.7%2.5%7.1%3.9%
Rank within sector2 / 10988 / 9347 / 7416 / 6618 / 51
Quartile1st4th3rd1st2nd
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.
6.04
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.
-0.53
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.
0.13
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%.
10.35
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.
11.42
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.
0.32
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.
0.03
Price movement
52 week high261.93
52 week low196.86
Current bid price-
Current offer price-
Current mid price253.22
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
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 through investment primarily in long and synthetic short positions in equities over rolling three-year periods with less volatility than a conventional long-only equity fund
Benchmark
No data available.
Investment style
Absolute Return,Long/Short
Investment method
Equity
Fund managers
NameSinceBiography
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.
Matthew Smith02/09/2007Matthew 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.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Majedie Tortoise A GBP
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price253.2196
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN5T0
Majedie Tortoise B GBP
Initial charge-
Annual charge-
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price272.0787
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN5T1
Majedie Tortoise C GBP
Initial charge-
Annual charge1.5%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price202.2431
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeISE3
Majedie Tortoise D GBP
Initial charge-
Annual charge1.5%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price201.8244
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeISE4
Majedie Tortoise E GBP
Initial charge-
Annual charge1.5%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price199.4459
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeISE5
Majedie Tortoise F GBP
Initial charge-
Annual charge1.5%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price199.6303
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeISE6
Majedie Tortoise G GBP
Initial charge-
Annual charge1.5%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price199.6818
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN5T2
Majedie Tortoise H USD
Initial charge-
Annual charge1.5%
Min single investment£800,000
Min regular saving£160,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price2.5114
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN5T3
Majedie Tortoise I EUR
Initial charge-
Annual charge1.5%
Min single investment£600,000
Min regular saving£120,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price2.3441
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN5T4
Majedie Tortoise Z EUR
Initial charge-
Annual charge1.5%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price1.1318
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJZNL
Majedie Tortoise Z GBP
Initial charge-
Annual charge1.5%
Min single investment£800,000
Min regular saving£160,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price114.4564
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZNM
Majedie Tortoise Z USD
Initial charge-
Annual charge1.5%
Min single investment£600,000
Min regular saving£120,000
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price0.8862
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJZNN
Data provided by

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