Fact sheet: RWC Enhanced Income

Fund information
Fund name
RWC Enhanced Income B GBP
Fund manager company
RWC
Fund type
Offshore Fund
Fund managers
  • Nick Purvessince 12/10/2010
  • Ian Lancesince 12/10/2010
  • John Teahansince 31/08/2010
Fund objective
To protect and grow the real value of clients' capital whilst also delivering a constant annual yield of 7% by investing primarily in a portfolio of strong, but lowly valued businesses predominantly listed in the UK. Over a market cycle, the Fund will aim to deliver attractive real and absolute returns in excess of the FTSE All Share with lower volatility. Its flexibility and value driven style and yield enhancement strategy mean that it may periodically have significant divergence from the Index.
Benchmark
  • FTSE All Share
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
3.9%
1 Year rank in sector
38/61
Sector
FO Equity - UK
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.
1.11%
Fund size
£370m (£330m 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.
47
Top in this sector
Fund name1 Year
Boost FTSE 100 3x LD ETP24.9%
Boost FTSE 100 2x LD ETP19.1%
Old Mutual UK SmCos Fcus18.9%
Majedie UK Equity16%
UK Autocall13.5%
...more in FO Equity - UK

Performance snapshot

Holdings snapshot

  • UK52.5%
    Money Market23.6%
    USA22.5%
    Netherlands1.4%
  • Money Market23.6%
    Health Care23.1%
    Retail8.3%
    Oil & Gas7.7%
    Media7.2%
  • International Equities76.4%
    Money Market23.6%
    Options0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-1.7%2.9%3.9%6.8%33%
Sector1%-1.7%5%4.5%14%52.4%
Rank within sector58 / 6532 / 6548 / 6438 / 6145 / 5142 / 44
Quartile4th2nd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.3%0.8%3%12.6%11.1%
Sector4.2%4.9%1%23.7%12.3%
Rank within sector40 / 6136 / 5712 / 5144 / 4533 / 43
Quartile3rd3rd1st4th4th
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.
1.26
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.
0.28
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%.
5.03
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.
7.8
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.
-0.22
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.
0.24
Price movement
52 week high130.79
52 week low118.18
Current bid price-
Current offer price-
Current mid price124.26
Region
1UK52.5%
2Money Market23.62%
3USA22.5%
4Netherlands1.38%
Industry sector
1Money Market23.62%
2Health Care23.12%
3Retail8.31%
4Oil & Gas7.71%
5Media7.21%
6Health & Household5.56%
7Technology5.36%
8Insurance5.34%
9Telecommunications3.98%
Asset type
1International Equities76.37%
2Money Market23.62%
3Options0.01%
Individual holdings
1TREASURY 1.75% GILT 22/01/17 GBP0.0110.77%
2GLAXOSMITHKLINE5.15%
3UNILEVER4.77%
4MERCK & CO INC(NEW)4.21%
5MICROSOFT CORP4.18%
6RELX PLC3.9%
7BP3.89%
8ROYAL DUTCH SHELL3.74%
9PFIZER INC3.7%
Management
Fund manager group
RWC
Fund manager company
RWC
Fund type
Offshore Fund
Fund objective
To protect and grow the real value of clients' capital whilst also delivering a constant annual yield of 7% by investing primarily in a portfolio of strong, but lowly valued businesses predominantly listed in the UK. Over a market cycle, the Fund will aim to deliver attractive real and absolute returns in excess of the FTSE All Share with lower volatility. Its flexibility and value driven style and yield enhancement strategy mean that it may periodically have significant divergence from the Index.
Benchmark
  • FTSE All Share
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Nick Purves12/10/2010Originally qualifying as an accountant, Nick moved from KPMG to Schroders in 1994. He departed to RWC in 2010 where he retained the management responsibility of the St. James’s Place Equity Income fund.
Ian Lance12/10/2010Ian joined RWC in August 2010 to launch the RWC Equity Income franchise. He was previously senior portfolio Manager at Schroders managing the Schroder Income Fund and Income Maximiser Fund together with Nick Purves. Previously Ian was the Head of European Equities and Director of Research at Citigroup Asset Management and Head of Global Research at Gartmore.
John Teahan31/08/2010John joined RWC in September 2010 to assist managing the RWC Equity Income franchise. He previously worked at Schroders, where he co-managed the Schroder Income Maximiser with Nick Purves and Ian Lance and also specialized in trading and managing derivative securities for a range of structured Funds. Previously he worked as a performance and risk analyst for Bank of Ireland Asset Management UK. John is a CFA Charterholder.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore, Sweden
RWC Enhanced Income A Dis GBP
Initial charge5%
Annual charge1.5%
Min single investment£25,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price78.2503
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLDC4
RWC Enhanced Income A GBP
Initial charge5%
Annual charge1.5%
Min single investment£25,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price118.4082
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLDC3
RWC Enhanced Income B Dis GBP
Initial charge5%
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price82.1855
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLDC6
RWC Enhanced Income B GBP
Initial charge5%
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price124.2608
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLDC5
RWC Enhanced Income C Dis GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLDC8
RWC Enhanced Income C GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLDC7
RWC Enhanced Income R Acc
Initial charge5%
Annual charge0.8%
Min single investment£25,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.7419
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMF8J
RWC Enhanced Income R GBP
Initial charge5%
Annual charge0.8%
Min single investment£25,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price79.9175
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM02K
Data provided by

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