Fact sheet: Majedie UK Income

Fund information
Fund name
Majedie UK Income X Acc
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund managers
  • Yuri Khodjamiriansince 30/09/2013
  • Chris Reidsince 19/12/2011
Fund objective
To maintain an attractive yield, whilst outperforming the FTSE All-Share index over the long term
Benchmark
  • FTSE All Share
Investment style
Active,Concentrated
Investment method
Shares
Quick stats
1 Year return
0%
1 Year rank in sector
73/91
Sector
UT UK Equity Income
Yield
4.6%
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.
0.77%
Fund size
£907m (£1,000m 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.
96
Mid price
173.41
Top in this sector
Fund name1 Year
UBS UK Equity Income23.8%
Scot Wid Fdmtl Index UK Equity18.1%
SVS Church House DeepValInvts15.5%
SJP UK Growth13.7%
Jupiter Income Trust13.5%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK86.2%
    Netherlands4%
    USA3.2%
    Money Market2.6%
    Switzerland2.2%
  • Life Insurance19.2%
    Oil & Gas Exploration & Production9.6%
    Financial Services8.2%
    Travel7.7%
    Insurance7.4%
  • UK Equities86.2%
    Dutch Equities4%
    US Equities3.2%
    Money Market2.6%
    Swiss Equities2.2%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-0.3%2.2%0%21.3%-
Sector-2%-1.7%4.8%3.4%14.4%59.6%
Rank within sector39 / 9625 / 9670 / 9673 / 9115 / 82-
Quartile2nd2nd3rd4th1st
Calendar performance
 YTD - 20162015201420132012
Fund1%5.2%11.1%40.1%18.6%
Sector4.1%4.9%2.8%24.8%13.5%
Rank within sector72 / 9251 / 871 / 835 / 7915 / 78
Quartile4th3rd1st1st1st
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.
1.83
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.
1
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.
0.4
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%.
10.09
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.
5.05
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.
0.33
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.
0.75
Price movement
52 week high180.67
52 week low146.72
Current bid price-
Current offer price-
Current mid price173.41
Region
1UK86.19%
2Netherlands4.01%
3USA3.23%
4Money Market2.55%
5Switzerland2.21%
6Norway1.08%
7Greece0.74%
Industry sector
1Life Insurance19.19%
2Oil & Gas Exploration & Production9.64%
3Financial Services8.19%
4Travel7.74%
5Insurance7.4%
6Media6.27%
7Pharmaceuticals4.33%
8Utilities4.13%
9Mineral Extraction3.83%
Asset type
1UK Equities86.19%
2Dutch Equities4.01%
3US Equities3.23%
4Money Market2.55%
5Swiss Equities2.21%
6Norwegian Equities1.08%
7Greek Equities0.74%
Individual holdings
1LEGAL & GENERAL GROUP5.76%
2AVIVA5.57%
3BP5.43%
4PEARSON4.43%
5DELTA LLOYD NV4.01%
6TULLETT PREBON PLC3.38%
7GLAXOSMITHKLINE3.35%
8PHOENIX GROUP HLDGS3.27%
9IMPERIAL BRANDS PLC3.25%
Management
Fund manager group
Majedie
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund objective
To maintain an attractive yield, whilst outperforming the FTSE All-Share index over the long term
Benchmark
  • FTSE All Share
Investment style
Active,Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Yuri Khodjamirian30/09/2013Yuri Khodjamirian is a fund manager and analyst with 7 years’ investment experience in UK and international equity markets. Yuri is responsible for co-managing both the Global Equity and Global Focus funds and also the UK Income Fund. Yuri holds a Master of Arts degree in Economics from St Catharine’s College, Cambridge and a Master of Science degree in Economics with distinction from the London School of Economics. He is a CFA charter holder.
Chris Reid19/12/2011Chris 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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Majedie UK Income A
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price157.94
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGGQH
Majedie UK Income B
Initial charge-
Annual charge1%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price197.67
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGGQI
Majedie UK Income X Acc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price173.41
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGRHG
Majedie UK Income X Inc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price146.65
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGRHF
Data provided by

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