Fact sheet: Majedie UK Equity

Fund information
Fund name
Majedie UK Equity X Acc
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund managers
  • Matthew Smithsince 01/11/2010
  • Chris Fieldsince 27/03/2003
  • James de Uphaughsince 27/03/2003
  • Richard Staveleysince 01/05/2014
Fund objective
The Fund aims to produce a total return in excess of the FTSE All-Share Index over the long-term through investment in a diversified portfolio of predominantly UK equities.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
21.9%
1 Year rank in sector
48/271
Sector
UT UK All Companies
Yield
2.3%
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.
0.77%
Fund size
£3,800m (£3,000m 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.
102
Mid price
174.36
Top in this sector
Fund name1 Year
Old Mutual Equity 135.3%
Stan Life Inv UK Eq Recvry34.6%
Old Mutual UK Mid Cap34.6%
MI Chelverton UK Equ Grth32.1%
MFM Bowland30.8%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK84.4%
    Money Market5.8%
    Italy2.1%
    France2%
    Canada1.9%
  • Banks16.8%
    Oil & Gas Exploration & Production15.1%
    Mineral Extraction10.8%
    Support Services9%
    Food & Drug Retailers8%
  • UK Equities84.4%
    Money Market5.8%
    Italian Equities2.1%
    French Equities2%
    Canadian Equities1.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0%5.9%21.9%25.3%84%
Sector1.6%5.2%8.6%18.7%22.9%64.7%
Rank within sector245 / 279272 / 279214 / 27548 / 27199 / 25764 / 242
Quartile4th4th4th1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.6%21.3%-0.3%2.6%29.3%
Sector6%11.2%3.7%0.6%25.7%
Rank within sector259 / 27712 / 269217 / 26068 / 25588 / 248
Quartile4th1st4th2nd2nd
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.
1.18
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.
0.42
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%.
9.7
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.
4.72
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.
0.16
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.
0.76
Price movement
52 week high177.29
52 week low134.9
Current bid price-
Current offer price-
Current mid price174.36
Region
1UK84.36%
2Money Market5.78%
3Italy2.07%
4France2.02%
5Canada1.87%
6Ireland1.26%
7Netherlands0.86%
8Japan0.5%
9China0.31%
Industry sector
1Banks16.78%
2Oil & Gas Exploration & Production15.11%
3Mineral Extraction10.8%
4Support Services9.01%
5Food & Drug Retailers7.95%
6Telecommunications6.24%
7Money Market5.78%
8Retailers - General4.12%
9Travel3.26%
Asset type
1UK Equities84.36%
2Money Market5.78%
3Italian Equities2.07%
4French Equities2.02%
5Canadian Equities1.87%
6Irish Equities1.26%
7Dutch Equities0.86%
8Japanese Equities0.5%
9Chinese Equities0.31%
Individual holdings
1ROYAL DUTCH SHELL7.23%
2HSBC HLDGS6.53%
3BP5.99%
4BARCLAYS PLC4.18%
5ANGLO AMERICAN3.63%
6TESCO3.52%
7MORRISON(WM.)SUPERMARKETS2.86%
8VODAFONE GROUP PLC2.68%
9STANDARD CHARTERED2.59%
Management
Fund manager group
Majedie
Fund manager company
Majedie Asset Management
Fund type
OEIC
Fund objective
The Fund aims to produce a total return in excess of the FTSE All-Share Index over the long-term through investment in a diversified portfolio of predominantly UK equities.
Benchmark
  • FTSE All Share TR
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Matthew Smith01/11/2010Matthew Smith is a fund manager and analyst with 22 years' investment experience in UK and international equity markets. Matthew is responsible for lead managing the Tortoise Fund and co-managing both the UK Equity and UK Focus funds. Before joining Majedie in 2006, Matthew had been a Director at Deutsche Bank, where he was Pan European Support Services Analyst. Until 2004 he had been a Director and Transport Analyst at Credit Suisse. Prior to that, he was a fund manager and analyst at NPI, where he managed the NPI UK Extra Income Unit Trust. Matthew joined NPI in 1994. He holds a Bachelor of Sciences degree in Geophysics from the University of Southampton.
Chris Field27/03/2003Chris Field is an Executive Director of Majedie Asset Management. He is a fund manager and analyst with 29 years' investment experience in UK and international equity markets. Chris is responsible for co-managing both the UK Equity and UK Focus funds. Before co-founding Majedie in 2002, Chris had been a Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also a member of the UK Investment Group. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.7bn. Chris joined Rowan Investment Managers (a predecessor firm to Mercury Asset Management) in 1980. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
James de Uphaugh27/03/2003James de Uphaugh is Chairman and Chief Investment Officer of Majedie Asset Management. He is a fund manager and analyst with 27 years' investment experience in UK and international equity markets. James is responsible for co-managing both the UK Equity and UK Focus funds. He also leads Majedie's efforts in Responsible Capitalism. Before co-founding Majedie in 2002, James had been a Managing Director at Mercury Asset Management (subsequently acquired by Merrill Lynch, now BlackRock), where he was also Chairman of the UK Investment Group and Alpha Team Leader. While at Mercury, he was responsible for managing institutional portfolios with combined UK equity assets of £1.4bn. James joined Mercury Asset Management in 1988. He holds a Master of Arts degree in Economics from Jesus College, Cambridge. He holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.
Richard Staveley01/05/2014Richard Staveley is a fund manager and analyst with 17 years’ investment experience in UK and international equity markets. Richard is responsible for managing the UK Smaller Companies Fund and the smaller companies element of the UK Equity Fund. Before joining Majedie in 2013, Richard was a founding Partner of River & Mercantile Asset Management, where he managed the UK Smaller Companies and UK Income funds and was Head of Research. Until 2006, he was a Fund Manager and subsequently Head of UK Small Companies at Société Générale Asset Management. Prior to that, he was an Assistant Fund Manager at hedge fund boutique Bradshaw Asset Management. Richard qualified as a Chartered Accountant at Coopers & Lybrand/PwC, which he joined in 1996. He holds a Bachelor of Arts degree in Politics from the University of Newcastle. He is a CFA charter holder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Luxembourg
Majedie UK Equity A
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.52%
Bid price-
Offer price-
Mid price554.5
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM836
Majedie UK Equity A Inc
Initial charge-
Annual charge1.5%
Min single investment£10,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.52%
Bid price-
Offer price-
Mid price508.04
CurrencyGBX
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG6VP
Majedie UK Equity B
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.02%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price645.9
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM668
Majedie UK Equity B Inc
Initial charge-
Annual charge-
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.02%
Total expense ratio (TER)0.02%
Bid price-
Offer price-
Mid price580.68
CurrencyGBX
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJGDX
Majedie UK Equity X Acc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price174.36
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGRHC
Majedie UK Equity X Inc
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price156.35
CurrencyGBX
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGRHB
Data provided by

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