Fact sheet: VAM Close Brothers Cautious

Fund information
Fund name
VAM Close Brothers Cautious A GBP
Fund manager company
VAM Managed Funds (LUX)
Fund type
Offshore Fund
Fund managers
  • Matthew Stanesbysince 15/10/2015
  • James Daviessince 15/10/2015
  • Sam Grant-Daltonsince 15/10/2015
Fund objective
The objective of the Fund is to provide long-term capital appreciation through income and moderate capital growth. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. The Fund may gain exposure to assets worldwide without any restriction in relation to the currency of denomination of the assets to which exposure is obtained.
Benchmark
No data available.
Investment style
Cautious
Investment method
None
Quick stats
1 Year return
7%
1 Year rank in sector
26/96
Sector
FO Mixed Asset - Cautious
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.
2.93%
Fund size
£739m (£663m 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.
37
Top in this sector
Fund name1 Year
Polar Capital IncmOpps20.5%
HSBC Pfl World Seltn 115.9%
SEI Core14.3%
Ashmore SICV3EmMktMltAst13%
CG Capital Value12.7%
...more in FO Mixed Asset - Cautious

Performance snapshot

Holdings snapshot

  • UK36.5%
    Others23.1%
    USA8.3%
    International7.9%
    Not Specified7.4%
  • No data available.
  • Global Fixed Interest23.1%
    UK Equities17.6%
    UK Corporate Fixed Interest12.9%
    US Equities8.3%
    International Equities7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.8%1.8%1.6%7%--
Sector0.1%1.5%1.2%4.3%8.5%17.9%
Rank within sector96 / 10443 / 10444 / 10026 / 96--
Quartile4th2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.8%4.9%---
Sector1.9%3.6%-0.7%4.3%4.2%
Rank within sector48 / 10137 / 92---
Quartile2nd2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high107.67
52 week low98.17
Current bid price-
Current offer price-
Current mid price106.58
Region
1UK36.48%
2Others23.06%
3USA8.3%
4International7.86%
5Not Specified7.43%
6Europe5.66%
7Money Market4.01%
8Japan3.26%
9Global Emerging Markets2.03%
Industry sector
No data available.
Asset type
1Global Fixed Interest23.06%
2UK Equities17.61%
3UK Corporate Fixed Interest12.87%
4US Equities8.3%
5International Equities7.86%
6European Equities5.66%
7Others5.4%
8Money Market4.01%
9Japanese Equities3.26%
Individual holdings
1JPM US EQUITY INCOME C INC4.95%
2SCHRODER STRATEGIC CREDIT L INC4.81%
3FIDELITY STRATEGIC BOND Y DIS GBP4.55%
4ROYAL LONDON SHORT DURATION GLOBAL HIGH YIELD BOND Z INC4.28%
5NEWTON GLOBAL INCOME INST W INC GBP3.99%
6FIDELITY GLOBAL ENHANCED INCOME W INC3.86%
7HENDERSON STRATEGIC BOND I INC3.8%
8MI CHELVERTON UK EQUITY INCOME B INC3.73%
9ROYAL LONDON STERLING EXTRA YIELD BOND Z INC3.58%
Management
Fund manager group
VAM Funds
Fund manager company
VAM Managed Funds (LUX)
Fund type
Offshore Fund
Fund objective
The objective of the Fund is to provide long-term capital appreciation through income and moderate capital growth. The Fund will, directly or indirectly, gain exposure to equities and similar securities, fixed income instruments (including convertible instruments) and/or money market instruments. The Fund may gain exposure to assets worldwide without any restriction in relation to the currency of denomination of the assets to which exposure is obtained.
Benchmark
No data available.
Investment style
Cautious
Investment method
None
Fund managers
NameSinceBiography
Matthew Stanesby15/10/2015Matthew joined Close Brothers in 2007 and heads up the Manager Research team which is responsible for the research, selection and monitoring of fund managers. He is also a portfolio manager for our Managed and Tactical Select range of multi-asset funds. Matthew started his career in the actuarial and investment consulting world and worked within the life insurance, pensions and investment teams at Mercer and Aon. He graduated from Nottingham University with a First Class Honours Degree in Mathematics with Engineering.
James Davies15/10/2015James is an investment manager and senior fund research specialist working within the Managed and Manager Research teams. He is co-manager of the Close Managed funds, and sits on the Multi Asset Committee. James began his investment career with Chartwell Group in 2003. From 2006 he headed up the firm’s fund research and in 2009 began managing their discretionary investment portfolios. In 2010 Chartwell was wholly acquired by Close Brothers Plc. James holds a BScEcon (Hons) in International Relations from Aberystwyth University.
Sam Grant-Dalton15/10/2015Having joined Close Brothers in 2010, Sam manages discretionary portfolios and is co-manager of the Close Managed funds. Sam sits on the Multi Asset Committee, setting asset allocation across asset classes and is a key member of the Manager Research Committee. Sam holds a BSc with Hons from the University of Bristol and a Masters from Imperial College Business School. He also holds the Investment Management Certificate.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore, Singapore
VAM Close Brothers Cautious A EUR
Initial charge5%
Annual charge1.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.61
CurrencyEUR
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMWXD
VAM Close Brothers Cautious A GBP
Initial charge5%
Annual charge1.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.58
CurrencyGBP
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMUBN
VAM Close Brothers Cautious A SGD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.04
CurrencySGD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC4SA
VAM Close Brothers Cautious A USD
Initial charge5%
Annual charge1.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.11
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMWXC
VAM Close Brothers Cautious D GBP
Initial charge-
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.38
CurrencyGBP
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNSA3
VAM Close Brothers Cautious D USD
Initial charge-
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.13
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNSA4
VAM Close Brothers Cautious E GBP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.41
CurrencyGBP
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNSA5
Data provided by

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