Fact sheet: Veritas Global Real Return

Fund information
Fund name
Veritas Global Real Return B GBP
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund managers
  • Charles Richardsonsince 08/01/2010
  • Andy Headleysince 08/01/2010
Fund objective
The Fund’s objective is to deliver real returns over the medium and longer term. More specifically, the target is to achieve a return on a compound annualised basis exceeding the OECD G7 CPI plus 4% per annum over a 5 year time period. The Fund aims to achieve its investment objectives by investing in global equities, bonds, cash and derivatives.
Benchmark
  • CPI Plus 4% per annum
Investment style
Flexible,Active
Investment method
None
Quick stats
1 Year return
18.9%
1 Year rank in sector
6/150
Sector
FO Mixed Asset - Flexible
Yield
-
Fund size
£130m (£94m 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.
75
Top in this sector
Fund name1 Year
HSBC Pfl World Seltn 424%
Aria Absolut Inc Prtd UCITs21.5%
Investec EmrgMktsMA20.9%
Smith & Williamson Mid-OceanWdInv19.1%
Oasis Crescent Global Inc19%
...more in FO Mixed Asset - Flexible

Performance snapshot

Holdings snapshot

  • North America22.7%
    UK11.6%
    Asia Pacific ex Japan9%
    Europe ex UK7%
    Latin America0.9%
  • Health Care23.6%
    Information Technology17.9%
    Industrials16.1%
    Consumer Discretionary11.2%
    Financials7.2%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%0.2%12.3%18.9%36%50.1%
Sector0.2%-1.5%1.6%1.3%8.4%22.5%
Rank within sector103 / 16436 / 1669 / 1616 / 1505 / 10611 / 77
Quartile3rd1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund18.6%4.6%8.1%7.6%3.2%
Sector2.1%-0.1%5%6.8%6.9%
Rank within sector3 / 15027 / 12628 / 10947 / 9565 / 78
Quartile1st1st2nd2nd4th
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.
8.3
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.
1.05
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.
0.82
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%.
8.86
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.
7.18
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.
1.13
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.
0.34
Price movement
52 week high14.04
52 week low10.97
Current bid price-
Current offer price-
Current mid price13.43
Region
1North America22.7%
2UK11.6%
3Asia Pacific ex Japan9%
4Europe ex UK7%
5Latin America0.9%
6Middle East/ Africa0.5%
Industry sector
1Health Care23.6%
2Information Technology17.9%
3Industrials16.1%
4Consumer Discretionary11.2%
5Financials7.2%
6Consumer Staples3.3%
7Energy2.5%
8Materials1.5%
9Telecommunications Utilities1.2%
Asset type
No data available.
Individual holdings
1CHARTER COMMUNICATIONS5.6%
2COMCAST CORP(NEW)5.5%
3ALLERGAN PLC4.1%
4ALPHABET INC4.1%
5ORACLE CORP4%
6UNITED HEALTHCARE LTD4%
7LONDON STOCK EXCHANGE GROUP3.9%
8SAFRAN S.A.3.9%
9TAIWAN SEMICONDUCTOR MANUFACTURING3.9%
Management
Fund manager group
Veritas
Fund manager company
Veritas Asset Mgmt LLP
Fund type
No data available.
Fund objective
The Fund’s objective is to deliver real returns over the medium and longer term. More specifically, the target is to achieve a return on a compound annualised basis exceeding the OECD G7 CPI plus 4% per annum over a 5 year time period. The Fund aims to achieve its investment objectives by investing in global equities, bonds, cash and derivatives.
Benchmark
  • CPI Plus 4% per annum
Investment style
Flexible,Active
Investment method
None
Fund managers
NameSinceBiography
Charles Richardson08/01/2010Charles 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.
Andy Headley08/01/2010Andy 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.
Compliance
Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Ireland, Offshore
Veritas Global Real Return 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 price14.1619
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeITA3
Veritas Global Real Return 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)1.29%
Bid price-
Offer price-
Mid price13.7286
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeITA2
Veritas Global Real Return 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)-
Bid price-
Offer price-
Mid price24.2348
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeITA4
Veritas Global Real Return 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)-
Bid price-
Offer price-
Mid price15.1039
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeITA7
Veritas Global Real Return 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)1.8%
Bid price-
Offer price-
Mid price13.426
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeITA5
Veritas Global Real Return 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)-
Bid price-
Offer price-
Mid price23.4283
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeITA6
Veritas Global Real Return D EUR
Initial charge-
Annual charge0.85%
Min single investment£30,000,000
Min regular saving£30,000,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.165
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNNOB
Veritas Global Real Return D GBP
Initial charge-
Annual charge0.85%
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 price13.7519
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNH3P
Veritas Global Real Return D USD
Initial charge-
Annual charge0.85%
Min single investment£30,000,000
Min regular saving£30,000,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price24.2246
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNNOC
Data provided by

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