Fact sheet: SJP UK Absolute Return

Fund information
Fund name
SJP UK Absolute Return L Acc
Fund manager company
St. Jamess Place UT Group Ltd
Fund type
Unit Trust
Fund managers
  • Nigel Ridgesince 06/10/2013
Fund objective
The fund aims to achieve positive absolute returns in sterling terms over rolling twelve-month periods, in all market conditions. There is no guarantee that a positive return will be achieved over this, or any, time period and therefore your capital is at risk. The fund invests in shares and share-related derivatives of UK companies, as well as cash and similar assets. The fund aims to benefit from both rises and falls in the value of UK shares by using derivatives.
Benchmark
  • ML British Pound LIBOR 3-month Constant Maturity + 2%
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
1.3%
1 Year rank in sector
33/72
Sector
UT Targeted Absolute Return
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.
1.93%
Fund size
£135m (£102m 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.
25
Bid price
105.5
Offer price
110.7
Top in this sector
Fund name1 Year
Majedie Tortoise23.1%
Jupiter Absolute Return10.9%
CF Ruffer Absolute Return8.9%
Newton Mgd Tgtd Rtn8.6%
7IM Unconstrained7.7%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%0.6%0.3%1.3%17.4%18.4%
Sector-0.6%-0.4%0.7%-0%5.5%14.9%
Rank within sector13 / 7422 / 7447 / 7233 / 729 / 5826 / 47
Quartile1st2nd3rd2nd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund0.4%7.5%7.3%2.5%0.1%
Sector-0.1%2.2%2.5%6.5%3.3%
Rank within sector38 / 7212 / 679 / 5844 / 5340 / 47
Quartile3rd1st1st4th4th
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.
4.25
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.
0.25
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.
0.5
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%.
4.34
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.
5.94
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
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.
0.12
Price movement
52 week high105.9
52 week low100.7
Current bid price105.5
Current offer price110.7
Current mid price-
Region
1UK100%
Industry sector
1Others58.1%
2Consumer Services14.6%
3Financials12.7%
4Industrials5.3%
5Health Care4.1%
6Telecommunications3.3%
7Consumer Goods2.8%
8Oil & Gas2.8%
9Technology-0.8%
Asset type
1UK Equities100%
Individual holdings
1RELX PLC6.1%
2BRITISH AMERICAN TOBACCO PLC3.8%
3CARNIVAL CORP3.8%
4LLOYDS BANKING GROUP PLC3.1%
5SHIRE PLC3%
6ROYAL DUTCH SHELL2.9%
73I GROUP2.6%
8PADDY POWER BETFAIR PLC2.3%
9INTERTEK GROUP2.2%
Management
Fund manager group
St James Place
Fund manager company
St. Jamess Place UT Group Ltd
Fund type
Unit Trust
Fund objective
The fund aims to achieve positive absolute returns in sterling terms over rolling twelve-month periods, in all market conditions. There is no guarantee that a positive return will be achieved over this, or any, time period and therefore your capital is at risk. The fund invests in shares and share-related derivatives of UK companies, as well as cash and similar assets. The fund aims to benefit from both rises and falls in the value of UK shares by using derivatives.
Benchmark
  • ML British Pound LIBOR 3-month Constant Maturity + 2%
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Nigel Ridge06/10/2013Nigel Ridge is a member of the UK Equity Team and a member of the UK and Pan European Model Portfolio Team in London. He joined us in 1994 after six years at Schroder Investment Management. Nigel has a BSc from Loughborough University.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
SJP UK Absolute Return H Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price105.5
Offer price110.7
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGRH
SJP UK Absolute Return L Acc
Initial charge5%
Annual charge1.27%
Min single investment£1,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.93%
Total expense ratio (TER)2.04%
Bid price105.5
Offer price110.7
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMMG3
SJP UK Absolute Return Y Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNGRI
Data provided by

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