Fact sheet: Rathbone Recovery

Fund information
Fund name
Rathbone Recovery Inst Inc
Fund manager company
Rathbone Unit Trust Mgmt Ltd
Fund type
Unit Trust
Fund managers
  • Joanne Randssince 09/06/2014
  • Alexandra Jacksonsince 09/06/2014
Fund objective
The objective is to achieve capital growth by buying shares in companies whose recovery potential is not appreciated by the market and to sell them when this potential is recognised. The nature of unrecognised recovery potential may be based on macro economic, industry, sector specific or stock specific issues. Stock selection will involve the identification of a catalyst capable of triggering and sustaining a recovery in each specific stock selection. The fund has the flexibility to invest in companies of all sizes and to hold up to 20% in European shares; it will be benchmarked against the FTSE All-Share index.
Benchmark
  • FTSE All Share
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
4.5%
1 Year rank in sector
190/277
Sector
UT UK All Companies
Yield
2.2%
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.
0.89%
Fund size
£64m (£73m 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.
78
Bid price
453.67
Offer price
458.6
Top in this sector
Fund name1 Year
Stan Life Inv UK Eq Recvry47.8%
UBS UK Opportunities27.7%
Schroder Recovery27.5%
Charity Equity25.8%
Schroder Specialist Value UK Equ25.3%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK84.9%
    Money Market8.4%
    International6.8%
  • Consumer Services26.3%
    Industrials15.8%
    Financials12.2%
    Technology10%
    Cash & Cash Equivalents8.4%
  • UK Mid Cap Companies33.2%
    UK Large Cap Companies25.9%
    UK Equities16.7%
    UK Small Cap Companies9%
    Cash & Cash Equivalents8.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.6%1%4.7%4.5%16.7%77.4%
Sector2%0.3%7.4%7.6%16.2%60%
Rank within sector76 / 285103 / 283192 / 281190 / 277157 / 26374 / 251
Quartile2nd2nd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.3%12%-3.7%37.1%16.3%
Sector7.5%3.7%0.6%25.7%14.8%
Rank within sector191 / 27836 / 269243 / 26429 / 25794 / 251
Quartile3rd1st4th1st2nd
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.
-0.08
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.
1.04
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.
0.12
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%.
10.99
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.
4.77
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
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.
0.81
Price movement
52 week high472.11
52 week low391.95
Current bid price453.67
Current offer price458.6
Current mid price-
Region
1UK84.85%
2Money Market8.35%
3International6.8%
Industry sector
1Consumer Services26.31%
2Industrials15.8%
3Financials12.18%
4Technology10.03%
5Cash & Cash Equivalents8.35%
6Basic Materials7.71%
7Health Care7.71%
8Oil & Gas7.46%
9Telecommunications2.53%
Asset type
1UK Mid Cap Companies33.18%
2UK Large Cap Companies25.93%
3UK Equities16.73%
4UK Small Cap Companies9.01%
5Cash & Cash Equivalents8.35%
6International Equities6.8%
Individual holdings
1BOOKER GROUP PLC4.39%
2ROYAL DUTCH SHELL4.14%
3RIO TINTO3.55%
4MICRO FOCUS INTERNATIONAL3.48%
5WPP PLC3.34%
6SSP GROUP PLC3.23%
7ADVANCED MEDICAL SOLUTIONS GROUP3.06%
8HANSTEEN HLDGS2.89%
9UNITE GROUP2.78%
Management
Fund manager group
Rathbone Unit Trust Management
Fund manager company
Rathbone Unit Trust Mgmt Ltd
Fund type
Unit Trust
Fund objective
The objective is to achieve capital growth by buying shares in companies whose recovery potential is not appreciated by the market and to sell them when this potential is recognised. The nature of unrecognised recovery potential may be based on macro economic, industry, sector specific or stock specific issues. Stock selection will involve the identification of a catalyst capable of triggering and sustaining a recovery in each specific stock selection. The fund has the flexibility to invest in companies of all sizes and to hold up to 20% in European shares; it will be benchmarked against the FTSE All-Share index.
Benchmark
  • FTSE All Share
Investment style
Value
Investment method
Shares
Fund managers
NameSinceBiography
Joanne Rands09/06/2014Joanne has been co-manager of the Rathbone Recovery Fund since June 2014. She has over sixteen years of UK equity market experience, including four years co-managing UK Small and Mid Cap funds at Hermes, seven years assisting in managing UK Equity Funds at HSBC and three years in UK Equity Sales at Peel Hunt. Joanne holds the Securities Institute Diploma and is a Fellow of the Securities Institute.
Alexandra Jackson09/06/2014Alexandra has been co-manager of the Rathbone Recovery Fund since June 2014. She was previously Assistant Fund Manager on the Rathbone Global Opportunities Fund. She joined Rathbones in January 2007, having graduated from the University of Durham (University College) with a BA Hons in Economics. Alexandra also holds the Investment Management Certificate and is a CFA (Chartered Financial Analyst) charter-holder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Rathbone Recovery Inst Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price556.82
Offer price562.35
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WFK
Rathbone Recovery Inst Acc NAV
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price556.82
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0WFL
Rathbone Recovery Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price453.67
Offer price458.6
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0WFM
Rathbone Recovery Inst Inc NAV
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price453.67
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0WFN
Rathbone Recovery Ret Acc
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.66%
Bid price539.39
Offer price558.53
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFTM8
Rathbone Recovery Ret Acc NAV
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price539.39
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFTM9
Rathbone Recovery Ret Inc
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price436.37
Offer price452.42
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTN0
Rathbone Recovery Ret Inc NAV
Initial charge2.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price436.37
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTN1
Data provided by

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