Fact sheet: ReAssure AL Mjd AstUKEq Pn

Fund information
Fund name
ReAssure AL Majedie Asset UK Equity Pn IP
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Matthew Smithsince 01/11/2010
  • James de Uphaughsince 27/03/2003
  • Chris Fieldsince 27/03/2003
  • Richard Staveleysince 30/04/2014
Underlying fund
Majedie UK Equity
Fund objective
The Fund aims to produce a total return in excess of the FTSE All-Share Index over the long-term through investment in a diversified portfolio, with at least 80% of the Fund invested in UK equities.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
13%
1 Year rank in sector
42/843
Sector
PN UK All Companies
Yield
-
Fund size
£0m
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.
112
Bid price
1.864
Offer price
1.963
Top in this sector
Fund name1 Year
Stan Life SLI UK Eq Rcvry Pn41.9%
Countrywide Equity Pn21.2%
OMW Schroder Recovery20.7%
Royal London Schroders Recovery Pn20.5%
Fidelity UBS UK Select Pn20%
...more in PN UK All Companies

Performance snapshot

Holdings snapshot

  • UK86.6%
    Money Market4.7%
    Canada1.7%
    Italy1.7%
    France1.6%
  • Oil & Gas Exploration & Production16.2%
    Banks15.7%
    Mineral Extraction11.4%
    Support Services8.9%
    Food & Drug Retailers7.9%
  • UK Equities86.6%
    Money Market4.7%
    Canadian Equities1.7%
    Italian Equities1.7%
    French Equities1.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%5.5%13.7%13%17.1%73.2%
Sector-1.2%-0.3%6.2%5.1%13.2%59.3%
Rank within sector313 / 86533 / 86229 / 86142 / 843216 / 805166 / 756
Quartile2nd1st1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund15%-2.1%2.4%26%16.8%
Sector5.6%4.4%0.6%24.2%15.4%
Rank within sector32 / 843755 / 831193 / 806305 / 785229 / 758
Quartile1st4th1st2nd2nd
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.
0.69
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.
1.01
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.
0.15
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%.
11.18
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.
5.36
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.
0.77
Price movement
52 week high1.91
52 week low1.44
Current bid price1.86
Current offer price1.96
Current mid price-
Region
1UK86.64%
2Money Market4.65%
3Canada1.7%
4Italy1.67%
5France1.57%
6Ireland1.23%
7Japan0.9%
8Netherlands0.57%
9Spain0.38%
Industry sector
1Oil & Gas Exploration & Production16.25%
2Banks15.69%
3Mineral Extraction11.39%
4Support Services8.93%
5Food & Drug Retailers7.89%
6Telecommunications6.26%
7Money Market4.65%
8Pharmaceuticals4.38%
9Wireless & Mobile Communications4.15%
Asset type
1UK Equities86.64%
2Money Market4.65%
3Canadian Equities1.7%
4Italian Equities1.67%
5French Equities1.57%
6Irish Equities1.23%
7Japanese Equities0.9%
8Dutch Equities0.57%
9Spanish Equities0.38%
Individual holdings
1ROYAL DUTCH SHELL7.36%
2BP7.31%
3HSBC HLDGS6.98%
4TESCO4.09%
5VODAFONE GROUP PLC3.81%
6ANGLO AMERICAN3.61%
7BARCLAYS PLC3.41%
8GLAXOSMITHKLINE3.27%
9BT GROUP3.09%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Fund aims to produce a total return in excess of the FTSE All-Share Index over the long-term through investment in a diversified portfolio, with at least 80% of the Fund invested in UK equities.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Matthew Smith01/11/2010Matthew Smith is a fund manager and analyst with 22 years' investment experience in UK and international equity markets. Matthew is responsible for lead managing the Tortoise Fund and co-managing both the UK Equity and UK Focus funds. Before joining Majedie in 2006, Matthew had been a Director at Deutsche Bank, where he was Pan European Support Services Analyst. Until 2004 he had been a Director and Transport Analyst at Credit Suisse. Prior to that, he was a fund manager and analyst at NPI, where he managed the NPI UK Extra Income Unit Trust. Matthew joined NPI in 1994. He holds a Bachelor of Sciences degree in Geophysics from the University of Southampton.
James de Uphaugh27/03/2003James de Uphaugh is Chairman and Chief Investment Officer of Majedie Asset Management. He is a fund manager and analyst with 27 years' investment experience in UK and international equity markets. James is responsible for co-managing both the UK Equity and UK Focus funds. He also leads Majedie's efforts in Responsible Capitalism. Before co-founding Majedie in 2002, James had been a Managing Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also Chairman of the UK Investment Group and Alpha Team Leader. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.4bn. James joined Mercury Asset Management in 1988. He holds a Master of Arts degree in Economics from Jesus College, Cambridge. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Chris Field27/03/2003Chris Field is an Executive Director of Majedie Asset Management. He is a fund manager and analyst with 29 years' investment experience in UK and international equity markets. Chris is responsible for co-managing both the UK Equity and UK Focus funds. Before co-founding Majedie in 2002, Chris had been a Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also a member of the UK Investment Group. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.7bn. Chris joined Rowan Investment Managers (a predecessor firm to Mercury Asset Management) in 1980. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Richard Staveley30/04/2014Richard Staveley is a fund manager and analyst with 17 years’ investment experience in UK and international equity markets. Richard is responsible for managing the UK Smaller Companies Fund and the smaller companies element of the UK Equity Fund. Before joining Majedie in 2013, Richard was a founding Partner of River & Mercantile Asset Management, where he managed the UK Smaller Companies and UK Income funds and was Head of Research. Until 2006, he was a Fund Manager and subsequently Head of UK Small Companies at Société Générale Asset Management. Prior to that, he was an Assistant Fund Manager at hedge fund boutique Bradshaw Asset Management. Richard qualified as a Chartered Accountant at Coopers & Lybrand/PwC, which he joined in 1996. He holds a Bachelor of Arts degree in Politics from the University of Newcastle. He is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure AL Majedie Asset UK Equity Pn IP
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.864
Offer price1.963
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGQG3
ReAssure AL Majedie Asset UK Equity Pn PPB1
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.851
Offer price1.948
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGQG5
ReAssure AL Majedie Asset UK Equity Pn RA
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.898
Offer price1.998
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGQG4
Data provided by

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