Fact sheet: S&W Saltus Multi Ass Cls

Fund information
Fund name
S&W Saltus Multi Asset Class A Acc
Fund manager company
Saltus Partners LLP
Fund type
OEIC
Fund managers
  • Simon Armstrongsince 18/05/2009
  • David Cookesince 30/10/2010
Fund objective
Saltus Multi-Asset Class Fund (SMAC) is an onshore daily dealing OEIC. It seeks to generate an absolute return of the Bank of Enlgand Base Rate +3% over rolling 12 month periods with low volatility. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be achieved over the 12 month rolling period or in respect of any other time period Investments are made across all asset classes, free from geographical or traditional benchmark constraints. Portfolio construction is carefully monitored to avoid unwanted correlations.
Benchmark
  • Bank of England base rate + 3%
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
3.6%
1 Year rank in sector
18/72
Sector
UT Targeted Absolute Return
Yield
1.8%
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.
2.44%
Fund size
£36m (£25m 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.
30
Mid price
75.44
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Not Specified49.8%
    UK18%
    Money Market12.6%
    Asia Pacific ex Japan9%
    International5.3%
  • Equities32.7%
    Money Market17.7%
    High Yield Bond14%
    Hedge8.2%
    Index Linked8.2%
  • UK Equities18%
    Global High Yield Fixed Interest16.3%
    Money Market12.6%
    Hedge9.2%
    Asia Pacific ex Japan Equities9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%1.4%5.3%3.6%9.3%22.2%
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector42 / 7312 / 7410 / 7218 / 7221 / 5817 / 47
Quartile3rd1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.6%2.8%2.5%6.3%6.2%
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector19 / 7223 / 6736 / 5826 / 5319 / 47
Quartile2nd2nd3rd2nd2nd
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.
-0.44
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.
1.49
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
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%.
3.37
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.
2.39
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.
0.31
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.
0.56
Price movement
52 week high76.38
52 week low69.16
Current bid price-
Current offer price-
Current mid price75.44
Region
1Not Specified49.8%
2UK18%
3Money Market12.6%
4Asia Pacific ex Japan9%
5International5.3%
6Japan3%
7USA2.1%
8Europe0.2%
Industry sector
1Equities32.7%
2Money Market17.7%
3High Yield Bond14%
4Hedge8.2%
5Index Linked8.2%
6Debt7.2%
7Investment Grade Bonds5.3%
8International Equities1.9%
9Private Equity1.6%
Asset type
1UK Equities18%
2Global High Yield Fixed Interest16.3%
3Money Market12.6%
4Hedge9.2%
5Asia Pacific ex Japan Equities9%
6Global Index Linked7.8%
7Global Fixed Interest7.3%
8Global Investment Grade Fixed Interest5%
9Others3.5%
Individual holdings
1CAPITAL VALUE FUND9.5%
2TROJAN FUND 9.4%
3FIRST STATE STEWART ASIA PACIFIC LEADERS9%
4MUZINICH GLOBAL TACTICAL CREDIT8.8%
5ACENCIA DEBT STRATEGIES LTD7.3%
6BREVAN HOWARD MACRO FUND6.8%
7CF MITON UK SMALLER COMPANIES FUND6%
8CHELVERTON UK EQUITY INCOME5.8%
9ARTEMIS STRATEGIC BOND FUND 5%
Management
Fund manager group
Saltus Partners
Fund manager company
Saltus Partners LLP
Fund type
OEIC
Fund objective
Saltus Multi-Asset Class Fund (SMAC) is an onshore daily dealing OEIC. It seeks to generate an absolute return of the Bank of Enlgand Base Rate +3% over rolling 12 month periods with low volatility. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be achieved over the 12 month rolling period or in respect of any other time period Investments are made across all asset classes, free from geographical or traditional benchmark constraints. Portfolio construction is carefully monitored to avoid unwanted correlations.
Benchmark
  • Bank of England base rate + 3%
Investment style
Absolute Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
Simon Armstrong18/05/2009Simon Armstrong is an investment manager and sits on the Investment Committee. He co-founded Saltus in 2004. He has extensive experience in equities, fixed income, currency and macro strategies.
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 Multi Asset Class A Acc
Initial charge1.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.44%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price75.44
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV754
S&W Saltus Multi Asset Class A Inc
Initial charge1.5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.44%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price65.46
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeV755
S&W Saltus Multi Asset Class I Inc
Initial charge7%
Annual charge1%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price67.49
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK03X
S&W Saltus Multi Asset Class Q Inc
Initial charge5%
Annual charge1.35%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price65.46
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK03W
S&W Saltus Multi Asset Class X Acc
Initial charge7%
Annual charge0.4%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price78.56
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0A80
S&W Saltus Multi Asset Class X Inc
Initial charge7%
Annual charge0.4%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price68.29
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0A7Z
Data provided by

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