Fact sheet: Orbis SICAV Global Balanced

Fund information
Fund name
Orbis SICAV Global Balanced
Fund manager company
Orbis Investment Mgmt Limited
Fund type
Offshore Fund
Fund manager
  • Alec Cutlersince 31/12/2012
Fund objective
The Fund seeks to balance appreciation of capital, income generation and risk of loss with a diversified global portfolio of equity, fixed income and commodity-linked instruments. It aims to earn higher long term returns than its benchmark, which is comprised of 60% MSCI World Index with net dividends reinvested and 40% JP Morgan Global Government Bond Index (“60/40 Index”), each in US dollars.
Benchmark
No data available.
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
15.2%
1 Year rank in sector
9/134
Sector
FO Mixed Asset - Balanced
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.
0.61%
Fund size
£2,600m
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.
88
Top in this sector
Fund name1 Year
Templeton Emg Mkts Bal35.1%
Capital Group EMTOpL27.8%
HSBC Pfl World Seltn 325.2%
Oasis Crs Gbl Low EqBal21.1%
Dimensional Wrld Alloc 60/4020%
...more in FO Mixed Asset - Balanced

Performance snapshot

Holdings snapshot

  • North America43%
    Europe28%
    Asia Pacific ex Japan15%
    Japan8%
    Others3%
  • Equities84%
    Fixed Interest13%
    Commodity & Energy2%
    Net Current Assets1%
  • North American Equities32%
    European Equities26%
    Asia Pacific ex Japan Equities15%
    North American Fixed Interest11%
    Japanese Equities8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%-9.2%15.2%12.9%-
Sector0.4%-0.6%3%3.6%9.9%25.8%
Rank within sector58 / 14348 / 14310 / 1369 / 13446 / 114-
Quartile2nd2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund16%-3.4%-2.5%24.8%-
Sector4.2%-0.3%4.7%7.5%7.6%
Rank within sector9 / 133102 / 124112 / 1131 / 102-
Quartile1st4th4th1st
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.
0.26
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.
1.34
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.
0.02
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%.
9.43
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.
6.09
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.
0.16
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.
0.62
Price movement
52 week high13.64
52 week low10.84
Current bid price-
Current offer price-
Current mid price13.56
Region
1North America43%
2Europe28%
3Asia Pacific ex Japan15%
4Japan8%
5Others3%
6Not Specified2%
7Money Market1%
Industry sector
1Equities84%
2Fixed Interest13%
3Commodity & Energy2%
4Net Current Assets1%
Asset type
1North American Equities32%
2European Equities26%
3Asia Pacific ex Japan Equities15%
4North American Fixed Interest11%
5Japanese Equities8%
6Other International Equities3%
7Commodity & Energy2%
8European Fixed Interest2%
9Money Market1%
Individual holdings
1QUALCOMM INC3.2%
2NETEASE INC2.8%
3ROYAL DUTCH SHELL2.8%
4ABBVIE INC2.7%
5SSGA SPDR GOLD SHARES2.4%
6SAMSUNG ELECTRONICS CO2.1%
7BP2%
8CARNIVAL CORP2%
9APACHE CORP1.8%
Management
Fund manager group
Orbis Investment Mgmt
Fund manager company
Orbis Investment Mgmt Limited
Fund type
Offshore Fund
Fund objective
The Fund seeks to balance appreciation of capital, income generation and risk of loss with a diversified global portfolio of equity, fixed income and commodity-linked instruments. It aims to earn higher long term returns than its benchmark, which is comprised of 60% MSCI World Index with net dividends reinvested and 40% JP Morgan Global Government Bond Index (“60/40 Index”), each in US dollars.
Benchmark
No data available.
Investment style
Balanced
Investment method
None
Fund manager
NameSinceBiography
Alec Cutler31/12/2012Alec holds a Bachelor of Science (Honours) in Naval Architecture from the United States Naval Academy, a Master of Business Administration from The Wharton School, University of Pennsylvania, and is a CFA Institute charterholder. Prior to joining Orbis in 2004 he was at Brandywine Asset Management Ltd, where he managed the Relative Value product, co-managed the Large Cap Value area and co-managed the firm as a member of the Executive Committee.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Bermuda, United Kingdom, Ireland, Luxembourg, Netherlands, Norway, Offshore, Sweden, South Africa
Orbis SICAV Global Balanced
Initial charge-
Annual charge0.5%
Min single investment£50,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price13.56
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKI9C
Data provided by

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