Fact sheet: Thesis Optima Income

Fund information
Fund name
Thesis Optima Income B Acc
Fund manager company
Thesis Unit Trust Mgmt Ltd
Fund type
Unit Trust
Fund managers
  • Steven Richardssince 25/07/2014
Fund objective
The investment objective of the fund is to provide income returns in preference to capital returns, although it will aim for some capital growth
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious,Growth
Investment method
None
Quick stats
1 Year return
2.4%
1 Year rank in sector
72/75
Sector
UT Mixed Investment 0%-35% Shares
Yield
2%
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.
1.67%
Fund size
£17m (£15m 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.
24
Bid price
130.1
Offer price
130.8
Top in this sector
Fund name1 Year
BlackRock NURS II Consensus 3514.5%
SVS TPI Cautious 313.4%
Old Mutual Cirilium Cons11.7%
VT Turcan Connell Inc Pfl11.2%
CF PruDyFo0-30Pf10.6%
...more in UT Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • Not Specified73.6%
    UK18.9%
    Money Market2.2%
    USA1.7%
    International1.6%
  • No data available.
  • Global Investment Grade Fixed Interest57.5%
    UK Fixed Interest10.7%
    Others8.8%
    Property8.2%
    Hedge7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-0.8%1.6%2.4%11.5%30.1%
Sector-1.7%-1.3%4.4%5.7%12%25.8%
Rank within sector30 / 8329 / 8375 / 8172 / 7539 / 5816 / 41
Quartile2nd2nd4th4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3%2%5.3%5.6%10.4%
Sector6.3%0.3%5.2%4.2%6.3%
Rank within sector72 / 7511 / 6132 / 5817 / 519 / 43
Quartile4th1st3rd2nd1st
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.
1.32
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.
0.63
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.
0.16
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%.
3.1
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.
2.36
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.
-0.09
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.
0.62
Price movement
52 week high132.3
52 week low122.8
Current bid price130.1
Current offer price130.8
Current mid price-
Region
1Not Specified73.61%
2UK18.89%
3Money Market2.23%
4USA1.72%
5International1.61%
6Japan0.9%
7Continental Europe0.52%
8Global Emerging Markets0.52%
Industry sector
No data available.
Asset type
1Global Investment Grade Fixed Interest57.48%
2UK Fixed Interest10.68%
3Others8.76%
4Property8.21%
5Hedge7.37%
6Money Market2.23%
7US Equities1.72%
8International Small Cap Companies1.61%
9Japanese Equities0.9%
Individual holdings
1ROYAL LONDON CORPORATE BOND Z INC8.25%
2L&G UK PROPERTY I INC8.21%
3VANGUARD US INV GR CRD IDX GBP HDG ACC8.07%
4BLACKROCK OVERSEAS CORPORATE BOND TRACKER D INC8.06%
5FIDELITY MONEYBUILDER INCOME GR7.99%
6L&G DYNAMIC BOND I DISTR7.45%
7MUZINICH GLBL TCTL CRDT HGD GBP S INC7.43%
8L&G UK INDEX C DIST6.71%
9HENDERSON STRATEGIC BOND I INC5.14%
Management
Fund manager group
Thesis Unit Trust Mgmt
Fund manager company
Thesis Unit Trust Mgmt Ltd
Fund type
Unit Trust
Fund objective
The investment objective of the fund is to provide income returns in preference to capital returns, although it will aim for some capital growth
Benchmark
  • IA Mixed Investment 0%-35% Shares
Investment style
Cautious,Growth
Investment method
None
Fund managers
NameSinceBiography
Steven Richards25/07/2014Steven graduated from Guildhall University in Financial Services, and has a strong background in financial analysis and systems. He has experience with Lloyds Bank and the European Stock Exchange Foundation and nine years at Thesis concentrating on private client issues. Investment experience: since 1993
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
Thesis Optima Income Acc
Initial charge3%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)-
Bid price126.9
Offer price131.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code011I
Thesis Optima Income B Acc
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price130.1
Offer price130.8
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGVLI
Thesis Optima Income B Inc
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price94.21
Offer price94.82
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVLH
Thesis Optima Income C Acc
Initial charge-
Annual charge0.5%
Min single investment£6,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price130.3
Offer price131.1
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKRKF
Thesis Optima Income C Inc
Initial charge-
Annual charge0.5%
Min single investment£6,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price94.35
Offer price94.96
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKRKE
Thesis Optima Income Inc
Initial charge3%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)2.42%
Total expense ratio (TER)-
Bid price91.63
Offer price95
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code011H
Data provided by

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