Fact sheet: Smith & Williamson Enterprise

Fund information
Fund name
Smith & Williamson Enterprise C GBP
Fund manager company
Smith & Williamson Invest Mgmt
Fund type
No data available.
Fund managers
  • Mark Swainsince 15/01/2010
  • Rupert Flemingsince 02/04/2006
  • Mark Swainsince 31/12/2005
  • Mark Bouchersince 08/01/2013
Fund objective
The Fund aims to achieve positive returns on a rolling 12 months basis, with low risk and low volatility expected, primarily through the use of equities and CFDs. The Fund invests primarily in the United Kingdom.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Absolute Return
Investment method
Shares
Quick stats
1 Year return
1.6%
1 Year rank in sector
-
Sector
FO 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.
0.93%
Fund size
£123m (£108m 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
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd14.8%
SW Mitchell Emerging European12.2%
Polar Capital UK Abs Eq11.4%
Pictet Scv II Dyn Ass Alloc9.5%
Orbis Optimal SA9.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%2.5%3.4%1.6%15.4%39.5%
Sector-0.1%-0.7%0.3%-0.3%2.4%9.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund0.4%3.9%9.1%12.2%8.3%
Sector-0%0.7%1.2%3.6%3.9%
Rank within sector-----
Quartile
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.
4.15
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.
0.9
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.
0.31
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%.
4.08
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.
3.74
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.
1.07
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.
0.16
Price movement
52 week high1.38
52 week low1.29
Current bid price-
Current offer price-
Current mid price1.37
Region
1International100%
Industry sector
1Consumer Discretionary5.7%
2Health Care4.9%
3Materials4.3%
4Financials3.9%
5Energy2.7%
6Consumer Staples2.2%
7Telecommunications Utilities1.9%
8Information Technology1.6%
9Real Estate-0.7%
Asset type
No data available.
Individual holdings
1SHIRE PLC3%
2RIO TINTO LTD2.9%
3VODAFONE EGYPT TELECOMMUNICATIONS2.8%
4CRH PLC2.6%
5RECKITT BENCKISER GROUP PLC2.6%
6RELX NV2.3%
7MELROSE INDUSTRIES PLC2.2%
8ASHTEAD GROUP ORD GBP0.102%
9IMPERIAL TOBACCO GROUP PLC2%
Management
Fund manager group
Smith & Williamson Invest Mgmt
Fund manager company
Smith & Williamson Invest Mgmt
Fund type
No data available.
Fund objective
The Fund aims to achieve positive returns on a rolling 12 months basis, with low risk and low volatility expected, primarily through the use of equities and CFDs. The Fund invests primarily in the United Kingdom.
Benchmark
  • FTSE All Share Total Return Index
Investment style
Absolute Return
Investment method
Shares
Fund managers
NameSinceBiography
Mark Swain15/01/2010Mark joined Smith & Williamson at the end of 2005. Mark is the assistant fund manager on the Smith & Williamson UK Equity Income Fund and an assistant fund manager on the Smith & Williamson Enterprise Fund. Mark is also the in-house sector specialist responsible for the technology and telecoms sectors. Prior to joining Smith & Williamson, Mark worked at Leopold Joseph/ Bank of Butterfield from 2001. Mark graduated from the University of Nottingham in 2000 with a BEng (Hons) in Electronic Engineering. He is a Member of the Chartered Institute for Securities & Investment.
Rupert Fleming02/04/2006Rupert joined Smith & Williamson in November 2005. He is co-manager of the Smith & Williamson Enterprise Fund, and assists on the Smith & Williamson UK Equity Growth Fund. Previously Rupert was a fund manager at Leopold Joseph/Bank of Butterfield and prior to that worked as an equity salesman at Robert Fleming Securities. Rupert attended Bristol Business School, obtaining a BA(Hons).
Mark Swain31/12/2005Mark joined Smith & Williamson at the end of 2005. Mark is the assistant fund manager on the Smith & Williamson UK Equity Income Fund and an assistant fund manager on the Smith & Williamson Enterprise Fund. Mark is also the in-house sector specialist responsible for the technology and telecoms sectors. Prior to joining Smith & Williamson, Mark worked at Leopold Joseph/ Bank of Butterfield from 2001. Mark graduated from the University of Nottingham in 2000 with a BEng (Hons) in Electronic Engineering. He is a Member of the Chartered Institute for Securities & Investment.
Mark Boucher08/01/2013Mark Boucher spent six years as an institutional stockbroker after training at Wedd Durlacher. In 1992 Mark joined Leopold Joseph & Sons, where he was the fund manager of a UK long/short equity fund from its inception in 1998, before joining Smith & Williamson from 2006 to 2009 as co-manager of the Smith & Williamson Enterprise Fund. Mark left to run UK monies for a US multi-strategy hedge fund before returning in January 2013 as Head of UK Equities. He is co-manager of the Enterprise Fund and also manages the Smith & Williamson UK Equity Growth Fund.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Smith & Williamson Enterprise A GBP
Initial charge3%
Annual charge1.5%
Min single investment£100,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.53%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price212.1585
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEFN0
Smith & Williamson Enterprise B USD
Initial charge3%
Annual charge1.5%
Min single investment£150,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price203.0696
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEFN1
Smith & Williamson Enterprise C GBP
Initial charge3%
Annual charge0.9%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.3729
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ0U8
Smith & Williamson Enterprise D USD
Initial charge3%
Annual charge0.9%
Min single investment£150,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0344
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM2NY
Smith & Williamson Enterprise E GBP
Initial charge3%
Annual charge1.75%
Min single investment£100,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.3219
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIIO5
Smith & Williamson Enterprise F EUR
Initial charge3%
Annual charge0.9%
Min single investment£150,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0408
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM2NZ
Smith & Williamson Enterprise Z
Initial charge3%
Annual charge0.9%
Min single investment£50,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.1082
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK8FP
Data provided by

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