Fact sheet: Majedie UK Focus

Fund information
Fund name
Majedie UK Focus X Acc
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund managers
  • Chris Reidsince 01/12/2012
  • James de Uphaughsince 28/09/2003
  • Matthew Smithsince 01/11/2010
  • Chris Fieldsince 28/09/2003
Accolades
Fund objective
To maximise total return and to outperform the FTSE All-Share Index over the long term through investment in a concentrated portfolio of predominantly UK equities
Benchmark
  • FTSE All Share
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
18.3%
1 Year rank in sector
19/277
Sector
UT UK All Companies
Yield
1.6%
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.
1.53%
Fund size
£814m (£638m 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.
109
Mid price
182.1
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry52.3%
UBS UK Opportunities31.1%
Schroder Recovery30.1%
Charity Equity28.2%
Schroder Specialist Value UK Equ27.5%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK88.4%
    Money Market4.8%
    Canada1.8%
    Netherlands1.7%
    France1.2%
  • Oil & Gas Exploration & Production16%
    Banks14.7%
    Food & Drug Retailers11.4%
    Life Insurance8.5%
    Mineral Extraction8.4%
  • UK Equities88.4%
    Money Market4.8%
    Canadian Equities1.8%
    Dutch Equities1.7%
    French Equities1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.2%9.3%14%18.3%31.8%103.1%
Sector2.4%0.3%7.9%9.5%17%61.6%
Rank within sector26 / 2853 / 28316 / 28119 / 27718 / 26321 / 251
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund17.8%0.7%7.9%34.4%18.1%
Sector8.2%3.7%0.6%25.7%14.8%
Rank within sector14 / 278205 / 26915 / 26447 / 25781 / 251
Quartile1st4th1st1st2nd
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.
3.5
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.
0.94
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.
0.43
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%.
10.52
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.
5.47
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.
0.56
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.
0.73
Price movement
52 week high181.67
52 week low132.92
Current bid price-
Current offer price-
Current mid price182.1
Region
1UK88.36%
2Money Market4.76%
3Canada1.81%
4Netherlands1.74%
5France1.19%
6Greece1%
7Belgium0.84%
8Ireland0.31%
Industry sector
1Oil & Gas Exploration & Production16%
2Banks14.66%
3Food & Drug Retailers11.36%
4Life Insurance8.49%
5Mineral Extraction8.37%
6Travel6%
7Support Services5.17%
8Money Market4.76%
9Telecommunications3.57%
Asset type
1UK Equities88.36%
2Money Market4.76%
3Canadian Equities1.81%
4Dutch Equities1.74%
5French Equities1.19%
6Greek Equities1%
7Belgian Equities0.84%
8Irish Equities0.31%
Individual holdings
1BP7.08%
2TESCO6.68%
3ROYAL DUTCH SHELL6%
4ANGLO AMERICAN5.29%
5BARCLAYS PLC4.28%
6HSBC HLDGS4.01%
7ROYAL BANK OF SCOTLAND GROUP PLC3.81%
8VODAFONE GROUP PLC3.35%
9MORRISON(WM.)SUPERMARKETS3.05%
Management
Fund manager group
Majedie
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund objective
To maximise total return and to outperform the FTSE All-Share Index over the long term through investment in a concentrated portfolio of predominantly UK equities
Benchmark
  • FTSE All Share
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Chris Reid01/12/2012Chris Reid is a fund manager and analyst with 17 years' investment experience in UK and international equity markets. Chris is responsible for lead managing the UK Income Fund and for co-managing the UK Focus Fund. Before joining Majedie in 2008, Chris had been a Director at Deutsche Bank, where he was Pan European Travel & Leisure Analyst. Until 2005 he had been Transport Analyst at Credit Suisse. Prior to that, he was a consultant at PA Consulting Group. Chris joined PA Consulting in 1995. He holds a Master of Sciences degree in Natural Sciences from Downing College, Cambridge, where he also completed the Cambridge Advanced Course in Design, Manufacturing and Management. He is SFA qualified and holds an MBA with Distinction from London Business School, in addition to the ACCA Certified Diploma in Accounting & Finance.
James de Uphaugh28/09/2003James de Uphaugh is Chairman and Chief Investment Officer of Majedie Asset Management. He is a fund manager and analyst with 27 years' investment experience in UK and international equity markets. James is responsible for co-managing both the UK Equity and UK Focus funds. He also leads Majedie's efforts in Responsible Capitalism. Before co-founding Majedie in 2002, James had been a Managing Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also Chairman of the UK Investment Group and Alpha Team Leader. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.4bn. James joined Mercury Asset Management in 1988. He holds a Master of Arts degree in Economics from Jesus College, Cambridge. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Matthew Smith01/11/2010Matthew 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.
Chris Field28/09/2003Chris Field is an Executive Director of Majedie Asset Management. He is a fund manager and analyst with 29 years' investment experience in UK and international equity markets. Chris is responsible for co-managing both the UK Equity and UK Focus funds. Before co-founding Majedie in 2002, Chris had been a Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also a member of the UK Investment Group. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.7bn. Chris joined Rowan Investment Managers (a predecessor firm to Mercury Asset Management) in 1980. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Majedie UK Focus A
Initial charge-
Annual charge2%
Min single investment£10,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)2.03%
Total expense ratio (TER)2.03%
Bid price-
Offer price-
Mid price650.72
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM960
Majedie UK Focus B
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.03%
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price827.54
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM961
Majedie UK Focus X Acc
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price182.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGRHE
Majedie UK Focus X Inc
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price169.81
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGRHD
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