Fact sheet: ReAssure Ardevora UK Income PPB Pn

Fund information
Fund name
ReAssure Ardevora UK Income PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Jeremy Langsince 11/01/2011
  • William Pattissonsince 11/01/2011
Underlying fund
Ardevora UK Income
Fund objective
The Ardevora UK Equity Income Fund’s investment objective is to achieve long-term capital appreciation and income. The fund will primarily invest in and gain exposure to, a diversified portfolio of UK equity or equity-related securities (such as ordinary and preference shares, global depository receipts and American depository receipts) listed or traded on Regulated Markets.
Benchmark
  • FTSE All Share
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN UK Equity Income
Yield
-
Fund size
£0m
Bid price
1.012
Offer price
1.065
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income22.8%
OMW IPLM&GGlLePn22.5%
FL Income Accumulation Pn18.1%
L&G Schroder Income Pn15%
Aviva Jup Income Pn14.7%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK99%
    Money Market1%
  • Consumer Staples27%
    Industrials26%
    Health Care11%
    Utilities11%
    Consumer Discretionary8%
  • UK Equities99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.3%-5.6%3.3%---
Sector-2.1%-1.9%5.9%4.9%16.3%59.7%
Rank within sector203 / 229201 / 229157 / 229---
Quartile4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector6%3.9%3.7%23.2%13.2%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1.13
52 week low0.95
Current bid price1.01
Current offer price1.07
Current mid price-
Region
1UK99%
2Money Market1%
Industry sector
1Consumer Staples27%
2Industrials26%
3Health Care11%
4Utilities11%
5Consumer Discretionary8%
6Information Technology7%
7Energy3%
8Telecommunications Utilities3%
9Financials2%
Asset type
1UK Equities99%
2Money Market1%
Individual holdings
1SEVERN TRENT PLC5.77%
2DIAGEO4.85%
3GLAXOSMITHKLINE4.85%
4BAE SYSTEMS4.72%
5ROYAL MAIL PLC4.71%
6BRITISH AMERICAN TOBACCO4.69%
7IMPERIAL BRANDS PLC4.67%
8NATIONAL GRID4.61%
9SKY PLC4.48%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Ardevora UK Equity Income Fund’s investment objective is to achieve long-term capital appreciation and income. The fund will primarily invest in and gain exposure to, a diversified portfolio of UK equity or equity-related securities (such as ordinary and preference shares, global depository receipts and American depository receipts) listed or traded on Regulated Markets.
Benchmark
  • FTSE All Share
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Jeremy Lang11/01/2011Jeremy has worked with William Pattisson for much of his investment management career. He joined James Capel Fund Managers in 1986 where he and William managed North American and UK Equities. Jeremy left James Capel in 1991 to take up full-time sailing. He joined Liontrust Asset Management in 1995 and, in 1999, renewed his partnership with William at Liontrust where they were responsible for all investment management operations and the management of UK equity portfolios. Jeremy left Liontrust in April 2009 and founded Ardevora in January 2010. Jeremy has a First Class degree in Economics and Econometrics from University of York and is a Master in Economics of Finance and Investment from University of Exeter.
William Pattisson11/01/2011William has worked with Jeremy Lang for much of his investment management career. He joined James Capel Fund Managers in 1986 where he and Jeremy managed North American and UK Equities. In 1994, William moved to Fleming Investment Management where he became Head of the UK Equity Specialist team before being appointed to be the Head of UK Equities. In 1999, he renewed his partnership with Jeremy at Liontrust Asset Management where they were responsible for all investment management operations and the management of UK equity portfolios. William left Liontrust in April 2009 and founded Ardevora in January 2010. William has an Honours Degree in Chemistry from Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Ardevora UK Income PPB Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.012
Offer price1.065
Mid price-
CurrencyGBP
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6KI
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