Fact sheet: TM Hearthstone UK Res Prop

Fund information
Fund name
TM Hearthstone UK Residential Property D Unbundled
Fund manager company
TM Hearthstone
Fund type
OEIC
Fund manager
  • David Gibbinssince 23/07/2012
Fund objective
The Fund invests in private rented sector housing across the mainland UK regions and aims to capture UK house price growth plus provide an element of income return. The property investment manager, Hearthstone Asset Management, uses quantitative asset allocation methods and qualitative regional stock selection to build a portfolio of assets reflecting the distribution of UK mainland housing stock. These properties are let under assured shorthold tenancy agreements (AST's) and corporate lets.Investment returns comprise capital growth and rental income.
Benchmark
  • LSL Acadata House Price Index
Investment style
None
Investment method
Physical
Quick stats
1 Year return
3.2%
1 Year rank in sector
21/52
Sector
UT Property
Yield
1.1%
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.
1.62%
Fund size
£50m (£40m 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.
18
Mid price
130.7
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop52%
Schroder Gbl Rel Est Sec Inc24.5%
BlackRock Gbl PrpSecEqTrk22%
F&C Gbl Real Est Secs21.3%
First State AsianPropSec21.1%
...more in UT Property

Performance snapshot

Holdings snapshot

  • South East UK36.9%
    London19.7%
    Money Market11.5%
    South West UK9.3%
    Midlands8.7%
  • Physical Property85%
    Money Market15%
  • Physical Property85%
    Money Market15%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%1.5%0.9%3.2%26%-
Sector-0.5%-0.8%1.1%4.3%21.1%34.1%
Rank within sector30 / 5016 / 5519 / 5421 / 5223 / 44-
Quartile3rd2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.6%13.5%7.6%5.5%-
Sector3%5.4%10.7%4.7%6.7%
Rank within sector20 / 526 / 5137 / 4625 / 42-
Quartile2nd1st4th3rd
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.
9.88
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.
-0.2
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.
1.41
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%.
3.22
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.
7.59
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.
-0.02
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.
0.13
Price movement
52 week high130.9
52 week low126.6
Current bid price-
Current offer price-
Current mid price130.7
Region
1South East UK36.93%
2London19.67%
3Money Market11.5%
4South West UK9.27%
5Midlands8.69%
6North West UK7.05%
7Scotland3.13%
8Yorkshire & Humberside2%
9Eastern UK0.99%
Industry sector
1Physical Property85%
2Money Market15%
Asset type
1Physical Property85%
2Money Market15%
Individual holdings
No data available.
Management
Fund manager group
Hearthstone Investments
Fund manager company
TM Hearthstone
Fund type
OEIC
Fund objective
The Fund invests in private rented sector housing across the mainland UK regions and aims to capture UK house price growth plus provide an element of income return. The property investment manager, Hearthstone Asset Management, uses quantitative asset allocation methods and qualitative regional stock selection to build a portfolio of assets reflecting the distribution of UK mainland housing stock. These properties are let under assured shorthold tenancy agreements (AST's) and corporate lets.Investment returns comprise capital growth and rental income.
Benchmark
  • LSL Acadata House Price Index
Investment style
None
Investment method
Physical
Fund manager
NameSinceBiography
David Gibbins23/07/2012David was previously a fund manager at Morley Fund Management (now AVIVA Investors) and Goodman Property Investors. David has specialised in UK residential property for more than 20 years, and has previously been responsible for residential portfolios of approx. £135m.
Compliance
IA Recognised, Non UCITS Retail Scheme, Property Authorised Investment Funds
Domicile
No data available.
Fund for sale in
United Kingdom
TM Hearthstone UK Residential Property A Ret Gross
Initial charge3%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.22%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price129.3
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code112G
TM Hearthstone UK Residential Property B Ret
Initial charge3%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.22%
Total expense ratio (TER)2.48%
Bid price-
Offer price-
Mid price128.3
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code112H
TM Hearthstone UK Residential Property C Unbundled Gross
Initial charge-
Annual charge0.9%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price132.2
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3HL
TM Hearthstone UK Residential Property D Unbundled
Initial charge-
Annual charge0.9%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.62%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price130.7
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3HM
TM Hearthstone UK Residential Property E Inst Gross
Initial charge1%
Annual charge0.75%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price133.7
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code112I
TM Hearthstone UK Residential Property F Inst
Initial charge1%
Annual charge0.75%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price131.9
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code112J
TM Hearthstone UK Residential Property G Inst
Initial charge0.5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price123.7
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code112K
Data provided by

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