Fact sheet: S&W Saltus Wealth

Fund information
Fund name
S&W Saltus Wealth X Acc
Fund manager company
Saltus Partners LLP
Fund type
OEIC
Fund managers
  • David Cookesince 31/10/2010
  • Simon Armstrongsince 01/06/2012
Fund objective
Saltus Wealth Fund (SWF) is an onshore daily dealing OEIC. The primary objective of the fund is to generate a return in excess of Bank of England Base Rate and inflation (UK CPI), with a target volatility of no more than 2/3 of the UK stock market's volatility, over a rolling three year period, irrespective of market conditions. 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 and UK CPI
Investment style
Absolute Return,Flexible,Active
Investment method
None
Quick stats
1 Year return
16.3%
1 Year rank in sector
4/71
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.
1.35%
Fund size
£32m (£20m 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.
49
Mid price
139.3
Top in this sector
Fund name1 Year
VT iFunds Absolute Rtn Orange22.1%
Schroder UKDynAbsRet16.8%
7IM Unconstrained16.7%
S&W Saltus Wealth16.3%
VT iFunds Absolute Rtn Green15%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • UK Equities28.5%
    Asia Pacific ex Japan Equities13.6%
    Hedge12.7%
    Money Market12.3%
    Global Fixed Interest11.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%3.1%8.7%16.3%22.5%50%
Sector0.8%1.4%2.9%4.1%7.8%18.9%
Rank within sector22 / 7712 / 774 / 744 / 718 / 567 / 48
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund6.3%7.8%3%3.9%14%
Sector2%1%2.2%2.5%6.5%
Rank within sector4 / 779 / 7021 / 6426 / 5510 / 50
Quartile1st1st2nd2nd1st
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.
0.75
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.
0.8
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.
0.63
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%.
5.12
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.
2.37
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.
-0.29
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.
0.83
Price movement
52 week high139.5
52 week low118.1
Current bid price-
Current offer price-
Current mid price139.3
Region
No data available.
Industry sector
No data available.
Asset type
1UK Equities28.5%
2Asia Pacific ex Japan Equities13.6%
3Hedge12.7%
4Money Market12.3%
5Global Fixed Interest11.2%
6Others6.7%
7International Equities6.3%
8Alternative Assets4.9%
9Global High Yield Fixed Interest2.1%
Individual holdings
1ISHARES CORE FTSE 100 UCITS ET8.4%
2LEGG MASON WESTERN ASSETS MACRO8.2%
3LINDSELL TRAIN CF LINDSELL TRAIN UK EQUITY ACC7.7%
4FIRST STATE STEWART ASIA PACIFIC LEADERS7.2%
5CF MITON UK SMALLER COMPANIES FUND6.8%
6SCHRODER ASIAN TOTAL RETURN6.5%
7ARTEMIS GLOBAL INCOME FUND6.3%
8ACENCIA DEBT STRATEGIES LTD5.7%
9CHELVERTON UK EQUITY INCOME5.6%
Management
Fund manager group
Saltus Partners
Fund manager company
Saltus Partners LLP
Fund type
OEIC
Fund objective
Saltus Wealth Fund (SWF) is an onshore daily dealing OEIC. The primary objective of the fund is to generate a return in excess of Bank of England Base Rate and inflation (UK CPI), with a target volatility of no more than 2/3 of the UK stock market's volatility, over a rolling three year period, irrespective of market conditions. 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 and UK CPI
Investment style
Absolute Return,Flexible,Active
Investment method
None
Fund managers
NameSinceBiography
David Cooke31/10/2010David Cooke is an investment manager and sits on the Investment Committee, joining Saltus in 2010. Prior to then he worked for a number of institutions including Goldman Sachs. He has extensive experience in investment strategy and managing global equities.
Simon Armstrong01/06/2012Simon Armstrong is an investment manager and sits on the Investment Committee. Prior to co-founding Saltus in 2004, he worked at Goldman Sachs. He has extensive experience in equities, fixed income, currency and macro strategies.
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 Wealth 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)2.17%
Bid price-
Offer price-
Mid price132.5
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLEL4
S&W Saltus Wealth 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)2.17%
Bid price-
Offer price-
Mid price120.2
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLEL5
S&W Saltus Wealth I Inc
Initial charge7%
Annual charge1%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.4
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK03Z
S&W Saltus Wealth Q Inc
Initial charge5%
Annual charge1.35%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.31%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.1
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK03Y
S&W Saltus Wealth X Acc
Initial charge7%
Annual charge0.4%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price139.3
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0A82
S&W Saltus Wealth X Inc
Initial charge7%
Annual charge0.4%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.67%
Bid price-
Offer price-
Mid price126.5
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0A81
Data provided by

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