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 30/07/2001
  • Charles Richardsonsince 30/07/2001
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
22.6%
1 Year rank in sector
-
Sector
FO Equity - International
Yield
-
Fund size
£3,180m (£3,782m 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.
101
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq50.5%
Schroder ISF Gbl Rec42.1%
Dodge & Cox Gbl Stk38.8%
SKAGEN Focus36.1%
Dimensional Gbl Small Cos35%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America56.9%
    Europe ex UK11.6%
    Asia Pacific ex Japan10.5%
    Money Market9.8%
    UK9.5%
  • Health Care25.2%
    Information Technology19.9%
    Industrials14.9%
    Consumer Discretionary11.7%
    Cash & Cash Equivalents9.8%
  • North American Equities56.9%
    Europe ex UK Equities11.6%
    Asia Pacific ex Japan Equities10.5%
    Money Market9.8%
    UK Equities9.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%16.2%22.6%52.4%-
Sector2.9%0.7%5.1%6.1%16.8%56%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund22.1%7.7%13.7%20.2%-
Sector6.8%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.
11.23
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.
0.8
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.
1.05
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%.
10.93
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.
8.07
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.
1.24
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.
0.48
Price movement
52 week high37.32
52 week low27.16
Current bid price-
Current offer price-
Current mid price35.88
Region
1North America56.9%
2Europe ex UK11.6%
3Asia Pacific ex Japan10.5%
4Money Market9.8%
5UK9.5%
6Latin America1.2%
7Middle East/ Africa0.5%
Industry sector
1Health Care25.2%
2Information Technology19.9%
3Industrials14.9%
4Consumer Discretionary11.7%
5Cash & Cash Equivalents9.8%
6Financials8.7%
7Energy3.8%
8Consumer Staples3.4%
9Telecommunications Utilities1.4%
Asset type
1North American Equities56.9%
2Europe ex UK Equities11.6%
3Asia Pacific ex Japan Equities10.5%
4Money Market9.8%
5UK Equities9.5%
6American Emerging Equities1.2%
7Middle East & African Equities0.5%
Individual holdings
1CHARTER COMMUNICATIONS5.9%
2COMCAST CORP(NEW)5.9%
3ALPHABET INC4.7%
4TAIWAN SEMICONDUCTOR MANUFACTURING4.5%
5UNITEDHEALTH GROUP INC4.4%
6ALLERGAN PLC4.2%
7ORACLE CORP4.2%
8LONDON STOCK EXCHANGE GROUP4.1%
9SAFRAN S.A.4%
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 Headley30/07/2001Andy 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 Richardson30/07/2001Charles 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 price14.59
CurrencyEUR
Price updated08/12/2016
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 price34.65
CurrencyGBP
Price updated08/12/2016
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 price25.87
CurrencyUSD
Price updated08/12/2016
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 price17.34
CurrencyEUR
Price updated08/12/2016
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 price26.42
CurrencyGBP
Price updated08/12/2016
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 price18.64
CurrencyUSD
Price updated08/12/2016
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 price26.49
CurrencyEUR
Price updated08/12/2016
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 price37.81
CurrencyGBP
Price updated08/12/2016
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 price28.3
CurrencyUSD
Price updated08/12/2016
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 price25.02
CurrencyEUR
Price updated08/12/2016
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 price35.88
CurrencyGBP
Price updated08/12/2016
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 price26.81
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG7GJ
Data provided by

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