Fact sheet: Veritas Global Equity Income

Fund information
Fund name
Veritas Global Equity Income D GBP
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund managers
  • Andy Headleysince 28/02/2005
  • Charles Richardsonsince 28/02/2005
Fund objective
The fund aims to provide a dividend-based total real return.
Benchmark
  • MSCI World (GBP)
Investment style
None
Investment method
Shares
Quick stats
1 Year return
23.9%
1 Year rank in sector
-
Sector
FO Equity - International
Yield
-
Fund size
£1,128m (£1,388m 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.
113
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq42.9%
Schroder ISF Gbl Rec36.2%
Dodge & Cox Gbl Stk32.4%
Vanguard Gbl Small-Cap Idx29.8%
Dimensional Gbl Small Cos29.7%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • Asia Pacific ex Japan31.6%
    Europe ex UK31.1%
    UK15.7%
    North America12.9%
    Money Market4.9%
  • Industrials23.5%
    Health Care18.6%
    Information Technology9.3%
    Energy8.8%
    Utilities8.2%
  • Asia Pacific ex Japan Equities31.6%
    Europe ex UK Equities31.1%
    UK Equities15.7%
    North American Equities12.9%
    Money Market4.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-1.8%12.8%23.9%24.5%-
Sector2.6%-0.5%4.3%4.4%15%52.2%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund24.3%-3.5%1.6%11.1%-
Sector5.2%0.7%6%21.3%12.7%
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.
3.88
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.
0.87
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.
0.32
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%.
12.51
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.
9.53
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.
0.3
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.
0.43
Price movement
52 week high190.93
52 week low135.95
Current bid price-
Current offer price-
Current mid price176.38
Region
1Asia Pacific ex Japan31.6%
2Europe ex UK31.1%
3UK15.7%
4North America12.9%
5Money Market4.9%
6Latin America3.8%
Industry sector
1Industrials23.5%
2Health Care18.6%
3Information Technology9.3%
4Energy8.8%
5Utilities8.2%
6Real Estate8%
7Telecommunications Utilities7.3%
8Financials6.4%
9Consumer Staples5%
Asset type
1Asia Pacific ex Japan Equities31.6%
2Europe ex UK Equities31.1%
3UK Equities15.7%
4North American Equities12.9%
5Money Market4.9%
6American Emerging Equities3.8%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.1%
2BRITISH AMERICAN TOBACCO PLC5%
3SAFRAN S.A.4.4%
4MICROSOFT CORP4.2%
5PFIZER4.1%
6PFIZER4.1%
7SINGAPORE TELECOMMUNICATIONS4.1%
8SONIC HEALTHCARE LTD4.1%
9AURIZON HOLDINGS LTD4%
Management
Fund manager group
Veritas
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund objective
The fund aims to provide a dividend-based total real return.
Benchmark
  • MSCI World (GBP)
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Andy Headley28/02/2005Andy Headley is a Partner, Fund Manager and Head of Global of Veritas Asset Management LLP. He is also Co-Fund Manager of the Veritas Global Focus Fund, Veritas Global Equity Income Fund and Veritas Global Real Return Fund. He joined the company in 2003. He was Analyst and Portfolio Manager for WP Stewart during 2001 to 2003. He was Analyst and Portfolio Manager for Newton Investment Management during 1996 to 2001. He was Tax Consultant at Price Waterhouse during 1993 to 1996. He is a Chartered Accountant, BSc, ASIP.
Charles Richardson28/02/2005Charles Richardson is Chairman, Partner and Fund Manager of Veritas Asset Management LLP. He was the Founder partner of The Real Return Group in 2003. He is a Co-Fund Manager of the Veritas Global Equity Income Fund, Veritas Global Focus Fund and Veritas Global Real Return Fund. He was Vice Chairman, Chief Investment Officer and Fund Manager Newton Investment Management during 1993 - 2002. He was Director and Head of UK Equities, County NatWest Investment Management during 1986 - 1993. He was in Military service during 1980-1985. He is a MA, MBA, and FCSI.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Veritas Global Equity Income A EUR
Initial charge-
Annual charge1%
Min single investment£50,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price202.51
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIVU2
Veritas Global Equity Income A GBP
Initial charge-
Annual charge1%
Min single investment£30,000
Min regular saving£15,000
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price168.62
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeV039
Veritas Global Equity Income A USD
Initial charge-
Annual charge1%
Min single investment£50,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price111.14
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeV040
Veritas Global Equity Income B EUR
Initial charge-
Annual charge1.5%
Min single investment£15,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price184.88
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM9J0
Veritas Global Equity Income B GBP
Initial charge-
Annual charge1.5%
Min single investment£7,000
Min regular saving£7,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price154.32
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeV041
Veritas Global Equity Income B USD
Initial charge-
Annual charge1.5%
Min single investment£15,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price109.61
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeV042
Veritas Global Equity Income C EUR
Initial charge-
Annual charge0.75%
Min single investment£15,000,000
Min regular saving£200,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price253.95
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0LQH
Veritas Global Equity Income C GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price211.58
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0LQG
Veritas Global Equity Income C USD
Initial charge-
Annual charge0.75%
Min single investment£15,000,000
Min regular saving£200,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price138.59
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0LQI
Veritas Global Equity Income D EUR
Initial charge-
Annual charge0.75%
Min single investment£30,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price208.98
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG7GF
Veritas Global Equity Income D GBP
Initial charge-
Annual charge0.75%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price176.38
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG7GE
Veritas Global Equity Income D USD
Initial charge-
Annual charge0.75%
Min single investment£30,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price115.78
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG7GG
Veritas Global Equity Income E USD
Initial charge-
Annual charge0.75%
Min single investment£30,000,000
Min regular saving£150,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.87
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM46O
Data provided by

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