Fact sheet: TM Hearthstone UK Resd Fdr

Fund information
Fund name
TM Hearthstone UK Residential Feeder Unbundled Ret
Fund manager company
TM Hearthstone
Fund type
Unit Trust
Fund managers
  • Mark Drysdalesince 01/03/2017
  • Alan Collettsince 01/03/2017
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
Feeder fund, Physical
Quick stats
1 Year return
1.2%
1 Year rank in sector
-
Sector
UT Property
Yield
0.6%
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.
2.05%
Fund size
£15m
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.
17
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop33.5%
First State AsianPropSec19.6%
Schroder Gbl Rel Est Sec Inc18.1%
Fidelity Global Property17.9%
L&G Global Real Estate Div Ix17.6%
...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
Fund0.2%0.2%0.1%1.2%20.8%-
Sector0.2%0.7%3.5%5.8%20.9%36.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.2%2.2%12.7%7.4%4.8%
Sector2%5%5.4%10.7%4.7%
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.
8.44
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.
-0.21
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.
0.93
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%.
3.26
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.
7.74
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.
-0.23
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.
0.14
Price movement
52 week high128.4
52 week low126.2
Current bid price-
Current offer price-
Current mid price128.4
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
Unit Trust
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
Feeder fund, Physical
Fund managers
NameSinceBiography
Mark Drysdale01/03/2017Mark is an experienced Fund Manager, Asset Manager and Chartered Surveyor. He has a proven track record of success across deal origination and execution, intensive asset management, capital raising and fund structuring. He was previously Investment Associate at RPS Capital Partners; leading and formulating the fund’s strategic aims, and asset managing existing investments. Prior to this Mark was a Senior Surveyor at DTZ, providing strategic advice and undertaking investment transactions of residential land and portfolios within central London. Mark gained an MSc in Real Estate Finance from Heriot Watt University, Edinburgh.
Alan Collett01/03/2017Alan is a Past President of the Royal Institution of Chartered Surveyors, and brings a lifetime of experience of residential investment and development to Hearthstone. An experienced Chartered Surveyor and former Senior Partner of Allsop & Co, he has worked in all aspects of the acquisition, development, management and sale of residential and mixed use property. Alan is a member of the NHBC Council, past Chairman of the Residential Committee of the British Property Federation, and an Honorary Fellow of the University College of Estate Management. He also serves as Deputy Chairman at Hyde Housing Group, a large housing association owning and managing nearly 50,000 homes, where he is also Chairman of the Investment Committee.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
TM Hearthstone UK Residential Feeder Unbundled Ret
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.05%
Total expense ratio (TER)1.98%
Bid price-
Offer price-
Mid price128.4
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3HN
Data provided by

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