Fact sheet: Veritas Global Focus

Fund information
Fund name
Veritas Global Focus D GBP
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund managers
  • Andy Headleysince 31/07/2001
  • Charles Richardsonsince 31/07/2001
Fund objective
The Fund is designed for long term investors who wish to build capital over a number of years through investment in a focused portfolio of global companies.
Benchmark
  • MSCI World
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
25.2%
1 Year rank in sector
-
Sector
FO Equity - International
Yield
-
Fund size
£3,675m (£3,503m 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.
99
Top in this sector
Fund name1 Year
Dodge & Cox Gbl Stk34.2%
T. Rowe Price GblFcsGrEq33.5%
RWC Global Horizon32.8%
Coeli SICV I Front Mrkts32.8%
LGT Capital CwLstPrEq30.9%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America54%
    Money Market12.3%
    Europe ex UK12.2%
    UK9.9%
    Asia Pacific ex Japan9.3%
  • Health Care25.3%
    Information Technology20.2%
    Industrials15.6%
    Consumer Discretionary12.7%
    Cash & Cash Equivalents12.3%
  • North American Equities54%
    Money Market12.3%
    Europe ex UK Equities12.2%
    UK Equities9.9%
    Asia Pacific ex Japan Equities9.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%3%4.7%25.2%58.2%-
Sector-0.7%3.7%7.5%12%20.8%53.3%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund5.7%25.9%7.7%13.7%20.2%
Sector5.2%7.9%0.7%6%21.3%
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.
11.43
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.
0.77
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.
1.25
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%.
10.56
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.
8.06
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.
1.19
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.
0.45
Price movement
52 week high40.25
52 week low30.16
Current bid price-
Current offer price-
Current mid price39.07
Region
1North America54%
2Money Market12.3%
3Europe ex UK12.2%
4UK9.9%
5Asia Pacific ex Japan9.3%
6Middle East/ Africa2.3%
Industry sector
1Health Care25.3%
2Information Technology20.2%
3Industrials15.6%
4Consumer Discretionary12.7%
5Cash & Cash Equivalents12.3%
6Financials9.1%
7Consumer Staples3.3%
8Telecommunications Utilities1.5%
Asset type
1North American Equities54%
2Money Market12.3%
3Europe ex UK Equities12.2%
4UK Equities9.9%
5Asia Pacific ex Japan Equities9.3%
6Middle East & African Equities2.3%
Individual holdings
1CHARTER COMMUNICATIONS6.6%
2COMCAST CORP(NEW)6.1%
3UNITEDHEALTH GROUP INC4.8%
4ALLERGAN INC4.6%
5ALPHABET INC4.4%
6AIRBUS SE4.2%
7AMERICAN EXPRESS CO4.2%
8LONDON STOCK EXCHANGE GROUP4.2%
9ORACLE CORP4%
Management
Fund manager group
Veritas
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund objective
The Fund is designed for long term investors who wish to build capital over a number of years through investment in a focused portfolio of global companies.
Benchmark
  • MSCI World
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Andy Headley31/07/2001Andy 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 Richardson31/07/2001Charles 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
Switzerland, United Kingdom, Ireland, Offshore
Veritas Global Focus 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)-
Bid price-
Offer price-
Mid price16.14
CurrencyEUR
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIVT9
Veritas Global Focus A GBP
Initial charge-
Annual charge1%
Min single investment£30,000
Min regular saving£15,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price37.69
CurrencyGBP
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeVB20
Veritas Global Focus 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)1.13%
Bid price-
Offer price-
Mid price28.39
CurrencyUSD
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeVA45
Veritas Global Focus 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)1.62%
Bid price-
Offer price-
Mid price19.15
CurrencyEUR
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIVU0
Veritas Global Focus 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)1.63%
Bid price-
Offer price-
Mid price28.68
CurrencyGBP
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeV043
Veritas Global Focus 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)1.63%
Bid price-
Offer price-
Mid price20.43
CurrencyUSD
Price updated21/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeV044
Veritas Global Focus 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 price29.33
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMMR0
Veritas Global Focus 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)0.92%
Bid price-
Offer price-
Mid price41.16
CurrencyGBP
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMMQ9
Veritas Global Focus 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 price31.1
CurrencyUSD
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMMQ8
Veritas Global Focus 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)-
Bid price-
Offer price-
Mid price27.71
CurrencyEUR
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG7GI
Veritas Global Focus 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)-
Bid price-
Offer price-
Mid price39.07
CurrencyGBP
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG7GH
Veritas Global Focus 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)-
Bid price-
Offer price-
Mid price29.45
CurrencyUSD
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG7GJ
Data provided by

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