Fact sheet: TM Cerno Select

Fund information
Fund name
TM Cerno Select C Acc
Fund manager company
Thesis Unit Trust Mgmt Ltd
Fund type
OEIC
Fund managers
  • James Spencesince 04/09/2013
Fund objective
The objective of the Fund is to achieve long term total return over a five year period. The Fund aims to achieve a positive return, however, there is no guarantee that a positive return will be achieved over that, or any, time period. Investors should note that, notwithstanding that the objective is to achieve long term total return, capital is in fact at risk. The assets in which the Fund may invest will be equities, fixed income investments, eligible alternatives and other transferable securities, money market instruments, deposits, cash and near cash investments and derivatives. Exposure to these asset classes may be gained through direct investment or indirectly through collective investment schemes, exchange traded funds and investment trusts. At times the Fund may hold a significant amount in cash. Derivatives may be used for both investment purposes and Efficient Portfolio Management
Benchmark
  • UK CPI +3%
Investment style
Total Return,Flexible
Investment method
None
Quick stats
1 Year return
15%
1 Year rank in sector
185/244
Sector
UT Flexible Investment
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.
1.4%
Fund size
£68m (£53m 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.
46
Mid price
1306
Top in this sector
Fund name1 Year
M&G Managed Growth39.8%
CF Purisima EAFE Total Rtn37.4%
TB Wise Income34.7%
TM Cavendish Worldwide33.1%
CF IM Global Strategy32.9%
...more in UT Flexible Investment

Performance snapshot

Holdings snapshot

  • International45.9%
    UK16.2%
    Japan14.7%
    Asia Pacific ex Japan13.2%
    USA5.6%
  • No data available.
  • International Equities59%
    Global Government Fixed Interest25.2%
    Others7.8%
    Commodity & Energy5.5%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%3.1%7.7%15%26%-
Sector1.6%1.6%7.3%18.7%25.7%56.5%
Rank within sector77 / 25841 / 254117 / 245185 / 244113 / 193-
Quartile2nd1st2nd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund6.1%6.6%3.2%5.7%-
Sector4.3%12.8%2%4.9%14.1%
Rank within sector54 / 245201 / 23274 / 21083 / 188-
Quartile1st4th2nd2nd
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.
1.19
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.
0.91
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.
0.69
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%.
6.47
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.
3.72
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.
0.13
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.
0.67
Price movement
52 week high1311
52 week low1129
Current bid price-
Current offer price-
Current mid price1306
Region
1International45.86%
2UK16.17%
3Japan14.7%
4Asia Pacific ex Japan13.23%
5USA5.59%
6Europe ex UK2.35%
7Money Market2%
8Latin America0.1%
Industry sector
No data available.
Asset type
1International Equities59%
2Global Government Fixed Interest25.2%
3Others7.8%
4Commodity & Energy5.5%
5Money Market2%
6Alternative Investment Strategies0.6%
Individual holdings
1ISHARES US TREASURY 20YR+25.2%
2GLOBAL LEADERS23.4%
3OCEAN DIAL GATEWAY TO INDIA9.3%
4INFRASTRUCTURE STOCKS9.1%
5INFRASTRUCTURE TRUSTS7.8%
6ISHARES PHYSICAL GOLD5.5%
7GOODHART PARTNERS HORIZON FUND MICHINORI JAPAN EQUITY A GBP INC HDG5.2%
8BAILLIE GIFFORD GLOBAL DISCOVERY B ACC4.3%
9POLAR CAPITAL JAPAN JPY4.3%
Management
Fund manager group
Thesis Unit Trust Mgmt
Fund manager company
Thesis Unit Trust Mgmt Ltd
Fund type
OEIC
Fund objective
The objective of the Fund is to achieve long term total return over a five year period. The Fund aims to achieve a positive return, however, there is no guarantee that a positive return will be achieved over that, or any, time period. Investors should note that, notwithstanding that the objective is to achieve long term total return, capital is in fact at risk. The assets in which the Fund may invest will be equities, fixed income investments, eligible alternatives and other transferable securities, money market instruments, deposits, cash and near cash investments and derivatives. Exposure to these asset classes may be gained through direct investment or indirectly through collective investment schemes, exchange traded funds and investment trusts. At times the Fund may hold a significant amount in cash. Derivatives may be used for both investment purposes and Efficient Portfolio Management
Benchmark
  • UK CPI +3%
Investment style
Total Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
James Spence04/09/2013James is a co-founder of Cerno Capital and lead manages a number of the firm's collective and private portfolios. After qualifying as a chartered accountant in London (Coopers & Lybrand, 1989) he relocated to Asia. Between 1991 and 2004 he worked as an equity analyst, head of research, and latterly as an equity strategist at WI Carr, Paribas, HSBC and UBS, based variously in Hong Kong, Singapore and Jakarta. James graduated from the University of St Andrews, Scotland with an MA in Philosophy & Logic in 1986. James is a Member of the Chartered Institute for Securities & Investment.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
TM Cerno Select B Acc
Initial charge5%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1295
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJMCI
TM Cerno Select B Acc EUR
Initial charge5%
Annual charge0.07%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNV9I
TM Cerno Select B Inc
Initial charge5%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1295
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJMCH
TM Cerno Select B Inc EUR
Initial charge5%
Annual charge0.07%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10
CurrencyEUR
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNV9H
TM Cerno Select C Acc
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1306
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJMCK
TM Cerno Select C Inc
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1305
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJMCJ
Data provided by

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