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 10/06/2014
  • Alexandra Jacksonsince 10/06/2014
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
14.3%
1 Year rank in sector
180/271
Sector
UT UK All Companies
Yield
2.3%
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.
0.88%
Fund size
£63m (£69m 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.
77
Bid price
484.33
Offer price
489.86
Top in this sector
Fund name1 Year
Old Mutual Equity 132.5%
Old Mutual UK Mid Cap31.9%
Stan Life Inv UK Eq Recvry31%
MI Chelverton UK Equ Grth30.9%
Blackrock Inst Eq UK Sm Cos29%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK85.4%
    Money Market7.3%
    International7.3%
  • Consumer Services24.8%
    Financials14.7%
    Industrials14.1%
    Technology11.5%
    Oil & Gas8.4%
  • UK Mid Cap Companies32%
    UK Large Cap Companies25.7%
    UK Equities16.7%
    UK Small Cap Companies11%
    Cash & Cash Equivalents7.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.8%6.3%14.3%22.9%73.2%
Sector-1.2%3%6.1%15.5%22.2%60.8%
Rank within sector69 / 279126 / 279100 / 275180 / 271129 / 25784 / 242
Quartile1st2nd2nd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund4.2%7.8%12%-3.7%37.1%
Sector4.1%11.2%3.7%0.6%25.7%
Rank within sector106 / 277192 / 26936 / 260233 / 25529 / 248
Quartile2nd3rd1st4th1st
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.
-1.07
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.
1.11
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.
0.25
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%.
10.87
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.
4.58
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.
-0.11
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.
0.83
Price movement
52 week high489.74
52 week low394.43
Current bid price484.33
Current offer price489.86
Current mid price-
Region
1UK85.43%
2Money Market7.3%
3International7.27%
Industry sector
1Consumer Services24.84%
2Financials14.72%
3Industrials14.09%
4Technology11.54%
5Oil & Gas8.35%
6Basic Materials7.67%
7Health Care7.48%
8Cash & Cash Equivalents7.3%
9Telecommunications2.17%
Asset type
1UK Mid Cap Companies32.02%
2UK Large Cap Companies25.7%
3UK Equities16.73%
4UK Small Cap Companies10.98%
5Cash & Cash Equivalents7.3%
6International Equities7.27%
Individual holdings
1ROYAL DUTCH SHELL4.13%
2SSP GROUP PLC3.67%
3MICRO FOCUS INTERNATIONAL3.49%
4WPP PLC3.49%
5MELROSE INDUSTRIES PLC3.16%
6HANSTEEN HLDGS3.11%
7RIO TINTO3.1%
8UNITE GROUP3.06%
9ADVANCED MEDICAL SOLUTIONS GROUP3.02%
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 Rands10/06/2014Joanne 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 Jackson10/06/2014Alexandra 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)0.88%
Total expense ratio (TER)0.89%
Bid price599.53
Offer price605.79
Mid price-
CurrencyGBX
Price updated21/04/2017
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)0.88%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price599.53
CurrencyGBX
Price updated21/04/2017
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)0.88%
Total expense ratio (TER)0.89%
Bid price484.33
Offer price489.86
Mid price-
CurrencyGBX
Price updated21/04/2017
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)0.88%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price484.33
CurrencyGBX
Price updated21/04/2017
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)1.63%
Total expense ratio (TER)1.66%
Bid price579.16
Offer price600.01
Mid price-
CurrencyGBX
Price updated21/04/2017
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)1.63%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price579.16
CurrencyGBX
Price updated21/04/2017
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)1.63%
Total expense ratio (TER)1.64%
Bid price464.58
Offer price481.92
Mid price-
CurrencyGBX
Price updated21/04/2017
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)1.63%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price464.58
CurrencyGBX
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFTN1
Data provided by

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