Fact sheet: VAM Intl Real Estate Equity

Fund information
Fund name
VAM International Real Estate Equity A USD
Fund manager company
VAM Funds (LUX)
Fund type
Offshore Fund
Fund manager
  • Ryan Carpentersince 31/03/2010
Fund objective
The investment objective of the Fund is to achieve significant capital appreciation over each full market cycle. To achieve this objective, the Fund will invest in an unleveraged portfolio of equity and equity-convertible securities and cash or cash equivalents.
Benchmark
  • S&P/CITIGROUP BMI WORLD PROPERTY EX US INDEX
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
-14.6%
1 Year rank in sector
44/44
Sector
FO Property - International
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.
2.71%
Fund size
£21m (£33m 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.
102
Top in this sector
Fund name1 Year
SKAGEN SKAGEN m224.3%
Sarasin IE GblRlEstEq(£)18.8%
HSBC GIF GblRlEstEqt15.2%
Fidelity Gbl Prop14.7%
Oasis Crescent GlbProEq14.7%
...more in FO Property - International

Performance snapshot

Holdings snapshot

  • Japan23%
    Hong Kong18.1%
    Germany13.4%
    Indonesia7.2%
    Australia5.6%
  • Real Estate82.7%
    Industrials6.5%
    Financials6%
    Consumer Discretionary4.2%
    Information Technology0.7%
  • Property Shares100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.6%-11.1%-12%-14.6%-15%21.1%
Sector-1.2%-6.7%-1.7%-0.2%21.2%50.6%
Rank within sector44 / 4444 / 4545 / 4544 / 4442 / 4234 / 34
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-13.6%0.7%-1.3%9.1%34.6%
Sector0.5%4.3%16%0.9%21.8%
Rank within sector44 / 4424 / 4342 / 423 / 402 / 34
Quartile4th3rd4th1st1st
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
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.
0.82
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.
-0.01
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%.
11.63
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.
7.96
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.
-1.15
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.
0.54
Price movement
52 week high215.63
52 week low181.27
Current bid price-
Current offer price-
Current mid price184.03
Region
1Japan22.97%
2Hong Kong18.12%
3Germany13.43%
4Indonesia7.2%
5Australia5.57%
6UK5.34%
7France4.46%
8Brazil3.93%
9Mexico3.81%
Industry sector
1Real Estate82.74%
2Industrials6.45%
3Financials5.95%
4Consumer Discretionary4.19%
5Information Technology0.66%
Asset type
1Property Shares100%
Individual holdings
1SUN HUNG KAI PROPERTIES LTD3.89%
2MITSUI FUDOSAN3.72%
3DEUTSCHE WOHNEN AG3.51%
4UNIBAIL-RODAMCO3.49%
5BUMI SERPONG DAMAI TBK(PT)3.02%
6LEG IMMOBILIEN AG2.9%
7CHINA OVERSEAS LAND & INVESTMNTS2.84%
8CHEUNG KONG PROPERTY HLDGS LTD2.79%
9GREEN REIT PLC2.73%
Management
Fund manager group
VAM Funds
Fund manager company
VAM Funds (LUX)
Fund type
Offshore Fund
Fund objective
The investment objective of the Fund is to achieve significant capital appreciation over each full market cycle. To achieve this objective, the Fund will invest in an unleveraged portfolio of equity and equity-convertible securities and cash or cash equivalents.
Benchmark
  • S&P/CITIGROUP BMI WORLD PROPERTY EX US INDEX
Investment style
No data available.
Investment method
Shares
Fund manager
NameSinceBiography
Ryan Carpenter31/03/2010Ryan Carpenter is the portfolio manager for the International Realty strategy. In his role as portfolio manager he is responsible for the strategy's portfolio construction and buy/sell decisions. He is also involved in daily tracking of the portfolio performance as well as macro-level trends and the market environment.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore, Singapore, Sweden, South Africa
VAM International Real Estate Equity A USD
Initial charge5%
Annual charge2.25%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price184.03
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF5D0
VAM International Real Estate Equity B USD
Initial charge5%
Annual charge2.25%
Min single investment£20,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)2.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price135.58
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD5X4
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.