Fact sheet: Wellington US Eq LS

Fund information
Fund name
Wellington US Equity Long-Short N Unhedged Acc USD
Fund manager company
Wellington Management Funds
Fund type
No data available.
Fund manager
  • Steven C Angelisince 06/05/2015
Fund objective
The Wellington US Equity Long-Short Fund seeks long-term capital appreciation. The Investment Manager will actively manage the Fund, seeking to achieve the objective by investing via long and short positions through derivative and direct equity investments primarily in companies incorporated in, or exercising a significant part of their economic activities in the US. The Fund will establish long positions in companies or sectors with expected high appreciation potential and short positions in companies or sectors deemed unattractive by the Investment Manager.
Benchmark
No data available.
Investment style
Market Neutral Fundamental
Investment method
Equity
Quick stats
1 Year return
4.5%
1 Year rank in sector
42/120
Sector
FO Hedge/Stru Prod - Equity
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.
1.5%
Fund size
£5m (£5m 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.
93
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Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%1.1%-0.2%4.5%--
Sector0.4%1.1%1.7%3%5.6%13.3%
Rank within sector45 / 13565 / 13593 / 13242 / 120--
Quartile2nd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund5.6%-3.6%---
Sector1.9%-2%2.7%2.5%7.1%
Rank within sector18 / 13469 / 113---
Quartile1st3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high10.52
52 week low9.83
Current bid price-
Current offer price-
Current mid price10.48
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Wellington Mgmt Portfolios
Fund manager company
Wellington Management Funds
Fund type
No data available.
Fund objective
The Wellington US Equity Long-Short Fund seeks long-term capital appreciation. The Investment Manager will actively manage the Fund, seeking to achieve the objective by investing via long and short positions through derivative and direct equity investments primarily in companies incorporated in, or exercising a significant part of their economic activities in the US. The Fund will establish long positions in companies or sectors with expected high appreciation potential and short positions in companies or sectors deemed unattractive by the Investment Manager.
Benchmark
No data available.
Investment style
Market Neutral Fundamental
Investment method
Equity
Fund manager
NameSinceBiography
Steven C Angeli06/05/2015Mr. Steven C. Angeli, also known as Steve, CFA is a Senior Managing Director, Senior Vice President, and Equity Portfolio Manager since 1994 at Wellington Management Company LLP. Mr. Angeli joined the firm in 1994. He co-leads the growth opportunities at the firm. Mr. Angeli is also a member of the capital appreciation investment groups. He focuses on small- and mid-cap growth companies globally. Previously, Mr. Angeli was an Associate Analyst focusing on fixed-income securities, including debt and equity private placements at Fidelity Management and Research from 1990 to 1992. He has extensive professional experience. Mr. Angeli is a member of the CFA Institute and the Boston Security Analysts Society. He is a Chartered Financial Analyst charter holder. Mr. Angeli earned an M.B.A. from Darden Graduate School of Business at the University of Virginia in 1994 and a B.S. degree in Finance from Boston College in 1990.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Wellington US Equity Long-Short D Unhedged Acc USD
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.34
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN33Z
Wellington US Equity Long-Short N Unhedged Acc USD
Initial charge-
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.48
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN33Y
Wellington US Equity Long-Short S Unhedged Acc USD
Initial charge-
Annual charge1%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.51
CurrencyUSD
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN33X
Data provided by

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