Fact sheet: Legg Mason IFMCChi

Fund information
Fund name
Legg Mason IF Martin Currie China X
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund manager
  • James Chongsince 10/03/2010
Fund objective
The objective of this Fund is to achieve long-term capital growth through investment in China.
Benchmark
  • MSCI Zhong Hua
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
29.2%
1 Year rank in sector
2/11
Sector
UT China/Greater China
Yield
0.4%
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.
1.55%
Fund size
£5m (£4m 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.
144
Mid price
184.3
Top in this sector
Fund name1 Year
Baillie Gifford Greater China41.7%
Legg Mason IFMCChi29.2%
HSBC Chinese Equity29%
Henderson China Oppos28.5%
Old Mutual Hend Chn Opps28.2%
...more in UT China/Greater China

Performance snapshot

Holdings snapshot

  • China98.5%
    Money Market1.5%
  • Information Technology33%
    Financials23.5%
    Consumer Discretionary19.6%
    Real Estate6.2%
    Industrials5%
  • Chinese Equities98.5%
    Cash & Cash Equivalents1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%10%16.4%29.2%71.3%111.2%
Sector1.3%8.8%13.1%26.6%61.5%109.7%
Rank within sector3 / 125 / 123 / 122 / 114 / 116 / 10
Quartile1st2nd1st1st2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund32.3%22.7%1.5%10.5%4.9%
Sector27%20.5%1.3%5.9%13.9%
Rank within sector2 / 115 / 118 / 116 / 119 / 10
Quartile1st2nd3rd3rd4th
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.
2.28
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.
1.01
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.
0.93
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%.
18.26
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.
3.41
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.
0.68
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.
0.97
Price movement
52 week high188.9
52 week low136.4
Current bid price-
Current offer price-
Current mid price184.3
Region
1China98.5%
2Money Market1.5%
Industry sector
1Information Technology32.97%
2Financials23.48%
3Consumer Discretionary19.62%
4Real Estate6.23%
5Industrials4.97%
6Telecommunications Utilities4.63%
7Health Care3.76%
8Energy2.33%
9Cash & Cash Equivalents1.5%
Asset type
1Chinese Equities98.5%
2Cash & Cash Equivalents1.5%
Individual holdings
1TENCENT HLDGS LTD10.13%
2ALIBABA GROUP HLDG LTD9.89%
3AIA GROUP LTD6.27%
4BAIDU INC4.85%
5CHINA CONSTRUCTION BANK4.63%
6CHINA MOBILE LTD4.63%
7INDUSTRIAL & COM BK CHINA3.89%
8SUNNY OPTICAL TECHNOLOGY GROUP3.03%
9CHINA LIFE INSURANCE CO3%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Funds ICVC
Fund type
OEIC
Fund objective
The objective of this Fund is to achieve long-term capital growth through investment in China.
Benchmark
  • MSCI Zhong Hua
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
James Chong10/03/2010A Chinese national, James joined Martin Currie in 2006 to strengthen our multi-cap expertise and manage all our open-ended China and Greater China funds. Before joining Martin Currie, James was vice-president of equities at Lombard Odier Darier Hentsch, where he managed several Greater China mandates. Earlier, he was vice-president of investments and head of research with South Capital Group, and a senior manager with Nikko Securities. James was a Qualified Accountant (American CPA) with PriceWaterhouse Cooper before he began his investment career in 1994, as China investment analyst with MeesPierson Securities. He graduated from Nottingham Trent University.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Legg Mason IF Martin Currie China A
Initial charge-
Annual charge1%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price178.7
CurrencyGBX
Price updated18/09/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIIP8
Legg Mason IF Martin Currie China R
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyGBX
Price updated16/09/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFVA
Legg Mason IF Martin Currie China X
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price184.3
CurrencyGBX
Price updated18/09/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIIP9
Data provided by

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