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
31.2%
1 Year rank in sector
118/1001
Sector
PN Global Equities
Yield
-
Fund size
£0m
Bid price
1.269
Offer price
1.336
Top in this sector
Fund name1 Year
Aegon Hend GlblTecPn46.9%
Baillie Gifford Lng Tm Gbl Gth Pn44.2%
Zurich BailGfrd LgTrmGblGth43.8%
FL Baillie Giff LT Gbl Gth Pn43%
Stan Life BGiff LgTmGlGtOEICPn42.8%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • USA63.9%
    UK19.2%
    Spain4.9%
    Money Market3.1%
    Finland2.6%
  • Consumer Staples34.4%
    Health Care28.3%
    Technology23.1%
    Industrials6.9%
    Consumer Discretionary4.2%
  • US Equities63.9%
    UK Equities19.2%
    Spanish Equities4.9%
    Money Market3.1%
    Finnish Equities2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%9.5%8.5%31.2%--
Sector0.4%3.5%6.2%25.6%43.2%81.5%
Rank within sector129 / 10521 / 1050139 / 1030118 / 1001--
Quartile1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund9.4%----
Sector4.5%22.4%3.7%7.8%21.4%
Rank within sector14 / 1035----
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 price1.27
Current offer price1.34
Current mid price-
Region
1USA63.9%
2UK19.2%
3Spain4.9%
4Money Market3.1%
5Finland2.6%
6Denmark2.4%
7France2.1%
8Switzerland1.8%
Industry sector
1Consumer Staples34.4%
2Health Care28.3%
3Technology23.1%
4Industrials6.9%
5Consumer Discretionary4.2%
6Money Market3.1%
Asset type
1US Equities63.9%
2UK Equities19.2%
3Spanish Equities4.9%
4Money Market3.1%
5Finnish Equities2.6%
6Danish Equities2.4%
7French Equities2.1%
8Swiss Equities1.8%
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 price1.269
Offer price1.336
Mid price-
CurrencyGBP
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6KR
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