Fact sheet: ReAssure Fundsmith Equity PPB Pn

Fund information
Fund name
ReAssure Fundsmith Equity PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund manager
  • Terry Smithsince 15/04/2016
Underlying fund
Fundsmith Equity
Fund objective
The fund’s objective is to achieve long term growth in value, investing in shares of companies on a global basis. The fund’s approach is to be a long-term investor in its chosen stocks and it will not adopt short-term trading strategies. The fund aims to invest in businesses: • that can sustain a high return on operating capital employed; • whose advantages are difficult to replicate; • which do not require significant borrowing to generate returns; • with a high degree of certainty of growth from reinvestment of their cash flows at high rates of return; • that are resilient to change, particularly technological innovation; • whose valuation is considered to be attractive; The fund will not invest in derivatives nor hedge any currency exposure.
Benchmark
  • MSCI World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Global Equities
Yield
-
Fund size
£0m
Bid price
1.25
Offer price
1.316
Top in this sector
Fund name1 Year
Aegon Hend GlblTecPn41.5%
MGM Global Index Tracker Pn35.9%
FL Baillie Gifford Intl Pn35.7%
NFU Mutual Mgd Plan Intl Pn35.3%
SIP Managed Inv Tst Pn35.3%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA64.9%
    UK19.3%
    Spain4.7%
    Finland2.7%
    Money Market2.3%
  • Consumer Staples35.1%
    Health Care28%
    Technology23.3%
    Industrials7.1%
    Consumer Discretionary4.2%
  • US Equities64.9%
    UK Equities19.3%
    Spanish Equities4.7%
    Finnish Equities2.7%
    Money Market2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.5%8.4%8.8%---
Sector0.5%4.6%9.4%25.6%43.1%76.6%
Rank within sector6 / 105215 / 1037676 / 1025---
Quartile1st1st3rd
Calendar performance
 YTD - 20172016201520142013
Fund7.8%----
Sector4.3%22.4%3.7%7.8%21.4%
Rank within sector13 / 1037----
Quartile1st
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 high1.28
52 week low0.96
Current bid price1.25
Current offer price1.32
Current mid price-
Region
1USA64.9%
2UK19.3%
3Spain4.7%
4Finland2.7%
5Money Market2.3%
6Denmark2.1%
7France2.1%
8Switzerland1.9%
Industry sector
1Consumer Staples35.1%
2Health Care28%
3Technology23.3%
4Industrials7.1%
5Consumer Discretionary4.2%
6Money Market2.3%
Asset type
1US Equities64.9%
2UK Equities19.3%
3Spanish Equities4.7%
4Finnish Equities2.7%
5Money Market2.3%
6Danish Equities2.1%
7French Equities2.1%
8Swiss Equities1.9%
Individual holdings
No data available.
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The fund’s objective is to achieve long term growth in value, investing in shares of companies on a global basis. The fund’s approach is to be a long-term investor in its chosen stocks and it will not adopt short-term trading strategies. The fund aims to invest in businesses: • that can sustain a high return on operating capital employed; • whose advantages are difficult to replicate; • which do not require significant borrowing to generate returns; • with a high degree of certainty of growth from reinvestment of their cash flows at high rates of return; • that are resilient to change, particularly technological innovation; • whose valuation is considered to be attractive; The fund will not invest in derivatives nor hedge any currency exposure.
Benchmark
  • MSCI World
Investment style
None
Investment method
Shares
Fund manager
NameSinceBiography
Terry Smith15/04/2016Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Fundsmith Equity PPB Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.25
Offer price1.316
Mid price-
CurrencyGBP
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6KR
Data provided by

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