Fact sheet: Majedie UK Equity

Fund information
Fund name
Majedie UK Equity X Acc GBP
Fund manager company
Majedie Asset Management Ltd
Fund type
OEIC
Fund managers
  • Matthew Smithsince 01/11/2010
  • Chris Fieldsince 27/03/2003
  • Richard Staveleysince 30/04/2014
  • James de Uphaughsince 27/03/2003
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 AllSh
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
15.6%
1 Year rank in sector
80/275
Sector
UT UK All Companies
Yield
2.4%
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.
0.77%
Fund size
£4,000m (£3,200m 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.
100
Mid price
178.58
Top in this sector
Fund name1 Year
MI Chelverton UK Equ Grth37.4%
Old Mutual Equity 136.2%
Old Mutual UK Mid Cap35.9%
Unicorn UK Growth34.3%
Blackrock Inst Eq UK Sm Cos32%
...more in UT UK All Companies

Performance snapshot

Holdings snapshot

  • UK83.7%
    Money Market5.5%
    France2.5%
    Ireland1.6%
    Italy1.6%
  • Oil & Gas Exploration & Production12.8%
    Banks10.8%
    Support Services8.3%
    Mineral Extraction8.2%
    Food & Drug Retailers8.2%
  • UK Equities83.7%
    Money Market5.5%
    French Equities2.5%
    Irish Equities1.6%
    Italian Equities1.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%0.2%1.3%15.6%29.2%78.6%
Sector1.6%0.6%6.1%14%26.9%66%
Rank within sector55 / 282150 / 281272 / 28180 / 275101 / 25781 / 244
Quartile1st3rd4th2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund5.1%21.3%-0.3%2.6%29.3%
Sector9.4%11.2%3.7%0.6%25.7%
Rank within sector248 / 27912 / 269218 / 26168 / 25587 / 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.
0.88
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.
0.94
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.
0.54
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%.
9.84
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.
4.8
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.
0.06
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 high181.07
52 week low151.81
Current bid price-
Current offer price-
Current mid price178.58
Region
1UK83.67%
2Money Market5.46%
3France2.48%
4Ireland1.61%
5Italy1.61%
6Canada1.59%
7USA1.07%
8Netherlands0.96%
9Japan0.56%
Industry sector
1Oil & Gas Exploration & Production12.82%
2Banks10.84%
3Support Services8.27%
4Mineral Extraction8.24%
5Food & Drug Retailers8.2%
6Telecommunications7.26%
7Retailers - General6.72%
8Money Market5.46%
9Travel5.08%
Asset type
1UK Equities83.67%
2Money Market5.46%
3French Equities2.48%
4Irish Equities1.61%
5Italian Equities1.61%
6Canadian Equities1.59%
7US Equities1.07%
8Dutch Equities0.96%
9Japanese Equities0.56%
Individual holdings
1ROYAL DUTCH SHELL6.2%
2BP5.48%
3HSBC HLDGS4.84%
4TESCO3.45%
5GLAXOSMITHKLINE3.4%
6VODAFONE GROUP PLC3.36%
7CENTRICA PLC3.24%
8MORRISON(WM.)SUPERMARKETS3.17%
9BT GROUP2.53%
Management
Fund manager group
Majedie
Fund manager company
Majedie Asset Management Ltd
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 AllSh
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.
Richard Staveley30/04/2014Richard 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.
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.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Majedie UK Equity A Acc GBP
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 price566.57
CurrencyGBX
Price updated17/08/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM836
Majedie UK Equity A Inc GBP
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 price513.06
CurrencyGBX
Price updated17/08/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG6VP
Majedie UK Equity B Acc GBP
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 price663.05
CurrencyGBX
Price updated17/08/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM668
Majedie UK Equity B Inc GBP
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 price584.72
CurrencyGBX
Price updated17/08/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJGDX
Majedie UK Equity X Acc GBP
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 price178.58
CurrencyGBX
Price updated17/08/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGRHC
Majedie UK Equity X Inc GBP
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 price157.66
CurrencyGBX
Price updated17/08/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGRHB
Data provided by

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