Fact sheet: S&W Saltus Fixed Income

Fund information
Fund name
S&W Saltus Fixed Income A Inc
Fund manager company
Saltus Partners LLP
Fund type
OEIC
Fund manager
  • David Cookesince 30/10/2010
Fund objective
The primary objective of the Fund is to generate a return in excess of cash (measured by the Bank of England base rate) and to beat inflation (as measured by UK CPI) over a rolling 3 year period. Your capital is at risk and there is no guarantee that a positive return will be obtained over the rolling 3 year period, or any other time period. The intention is for the Fund to be invested in fixed income and currency markets predominantly via collective investment schemes. The Fund may also invest in transferable securities, hedge funds, fixed income and/or credit structured products, gold and other instruments, all of which will either directly or indirectly have exposure to fixed income and currency markets. It is the ACD's intention that derivatives and forward transactions will only be used for Efficient Portfolio Management. The Fund may use derivatives and forward transactions for investment purposes on the giving of 60 days' notice to Shareholders. The use of derivatives for investment purposes may alter the risk profile of the Fund.
Benchmark
  • Bank of England Base Rate and UK CPI
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
6.3%
1 Year rank in sector
34/67
Sector
UT Global Bonds
Yield
-
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.
2.28%
Fund size
£38m (£23m 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.
29
Mid price
121.7
Top in this sector
Fund name1 Year
M&G Global gvt bnd27.8%
Aberdeen World Gov Bd24.3%
BlackRock OseaCorBdTrk23.3%
M&G Global Macro Bond23.1%
BlackRock Osea GovBdTrk22.9%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-1.1%6%6.3%--
Sector-3.2%-1.7%4.5%11.2%13%18.7%
Rank within sector28 / 7024 / 6926 / 6934 / 67--
Quartile2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.9%-0.6%---
Sector10.8%-1.3%3.8%-2%6.1%
Rank within sector34 / 6734 / 61---
Quartile3rd3rd
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 high125.3
52 week low112.1
Current bid price-
Current offer price-
Current mid price121.7
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Saltus Partners
Fund manager company
Saltus Partners LLP
Fund type
OEIC
Fund objective
The primary objective of the Fund is to generate a return in excess of cash (measured by the Bank of England base rate) and to beat inflation (as measured by UK CPI) over a rolling 3 year period. Your capital is at risk and there is no guarantee that a positive return will be obtained over the rolling 3 year period, or any other time period. The intention is for the Fund to be invested in fixed income and currency markets predominantly via collective investment schemes. The Fund may also invest in transferable securities, hedge funds, fixed income and/or credit structured products, gold and other instruments, all of which will either directly or indirectly have exposure to fixed income and currency markets. It is the ACD's intention that derivatives and forward transactions will only be used for Efficient Portfolio Management. The Fund may use derivatives and forward transactions for investment purposes on the giving of 60 days' notice to Shareholders. The use of derivatives for investment purposes may alter the risk profile of the Fund.
Benchmark
  • Bank of England Base Rate and UK CPI
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
David Cooke30/10/2010David Cooke is an investment manager and sits on the Investment Committee, joining Saltus in 2010. He has extensive experience in investment strategy and managing global equities
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
Australia, Bermuda, Canada, Switzerland, Cayman Islands, United Kingdom, Isle of Man, Japan, Singapore, United States
S&W Saltus Fixed Income A Inc
Initial charge1.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.7
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK01N
S&W Saltus Fixed Income I Inc
Initial charge7%
Annual charge1%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.9
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK01M
S&W Saltus Fixed Income Q Inc
Initial charge5%
Annual charge1.35%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.8
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK01O
S&W Saltus Fixed Income S Inc
Initial charge7%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.2
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK01P
Data provided by

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