Fact sheet: Waverton Tactical Equity

Fund information
Fund name
Waverton Tactical Equity A GBP
Fund manager company
Waverton Investment Management
Fund type
OEIC
Fund managers
  • Steven Ifflandsince 11/01/2010
  • John Bellamysince 11/01/2010
Fund objective
The investment objective of this fund is to achieve capital growth and income through investment of up to 100% of its Net Asset Value in international equities either by way of direct investment or through the use of collective investment schemes to provide exposure to the underlying asset class.
Benchmark
  • FTSE All World TR GBP
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
10.8%
1 Year rank in sector
-
Sector
FO Equity - 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.
1.87%
Fund size
£141m (£129m 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.
90
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq46.4%
Schroder ISF Gbl Rec39.4%
Dodge & Cox Gbl Stk34.6%
SKAGEN Focus33.3%
Vanguard Gbl Small-Cap Idx33%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America31.8%
    International19.3%
    Continental Europe12.6%
    Asia Pacific ex Japan8.9%
    UK8.2%
  • No data available.
  • North American Equities31.8%
    International Equities21.7%
    European Equities12.6%
    Asia Pacific ex Japan Equities8.9%
    UK Equities8.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%1.6%12.8%10.8%23.5%59.2%
Sector3.1%-0.2%4.6%4.5%15.7%52.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund10.6%2%6.8%21.1%10.4%
Sector5.8%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.
2.76
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.
0.95
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.
0.3
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%.
11.4
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.
7.01
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.
0.33
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.
0.62
Price movement
52 week high17.19
52 week low12.92
Current bid price-
Current offer price-
Current mid price16.38
Region
1North America31.8%
2International19.3%
3Continental Europe12.6%
4Asia Pacific ex Japan8.9%
5UK8.2%
6Japan7.4%
7Global Emerging Markets5.3%
8Money Market4.1%
9Not Specified2.4%
Industry sector
No data available.
Asset type
1North American Equities31.8%
2International Equities21.7%
3European Equities12.6%
4Asia Pacific ex Japan Equities8.9%
5UK Equities8.2%
6Japanese Equities7.4%
7Global Emerging Market Equities5.3%
8Money Market4.1%
Individual holdings
1ODEY ALLEGRA DEVELOPED MARKETS7.7%
2ISHARES RUSSELL 1000 GROWTH INDEX7.6%
3SOURCE JPX-NIKKEI 400 UCITS ETF GBP7.4%
4ISHARES PLC ISHARES MSCI WORLD UCITS ETF USD DIST6.7%
5ISHARES PLC ISHARES MSCI WORLD UCITS ETF USD DIST6.7%
6ISHARES S&P 500 MINIMUM VOLATILITY6.2%
7HERMES ASIA EX-JAPAN EQUITY FUND5.9%
8VANGUARD DIVIDEND APPRECIATION5.8%
9LYRICAL NORTH AMERICAN VALUE ACC4.9%
Management
Fund manager group
Waverton Investment Management
Fund manager company
Waverton Investment Management
Fund type
OEIC
Fund objective
The investment objective of this fund is to achieve capital growth and income through investment of up to 100% of its Net Asset Value in international equities either by way of direct investment or through the use of collective investment schemes to provide exposure to the underlying asset class.
Benchmark
  • FTSE All World TR GBP
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Steven Iffland11/01/2010Steven graduated from the University of The Free State in South Africa in 2000 with an honours degree in Business Management and Marketing. Shortly afterwards he joined JOHIM and has gained significant experience over the past 8 years in both senior and quantitative risk management roles. Steven has worked on JOHIM's UK Equity desk and in 2005 took over managing the JOHIM Funds Service portfolios for JOHIM's private clients. He has a Securities Institute Diploma and is a Member of the Securities Institute.
John Bellamy11/01/2010John joined Buckmaster and Moore in 1982 which was acquired by Credit Suisse in 1987. John's role is as a Private Client Portfolio Manager and he has over 15 years of experience with Private Clients, Trusts and Charities. John transferred from Credit Suisse to JOHIM in 2007. He has a Securities Industry Diploma and is a Director of JOHIM.
Compliance
IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Ireland, Offshore
Waverton Tactical Equity A GBP
Initial charge-
Annual charge1%
Min single investment£1,500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price16.38
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3G3
Waverton Tactical Equity B GBP
Initial charge-
Annual charge0.75%
Min single investment£1,500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price16.18
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI3G4
Waverton Tactical Equity P GBP
Initial charge5%
Annual charge0.4%
Min single investment£1,500
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price12.09
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK0ZM
Data provided by

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