Fact sheet: Newton Global Income

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
GLOBAL EQUITY INCOME
Sector
UT Global Equity Income
Fund type
OEIC
Primary aim
GROWTH & INCOME
Why Money Observer Rates Newton Global Income

Rated Fund 2013-2017. Follows strong thematic and yield disciplines

Newton was one of the first groups to encourage UK investors to start looking overseas for income, and this fund, which was set up in 2005, has performed well ever since.

Although it had a change of manager in December 2015 when James Harries, its manager since inception, stepped down, it remained one of our Rated Funds as we believed his successor Nick Clay would continue to do a good job. Clay has been involved with the fund since August 2012, so we expected little change. Its above-average performance in 2016 proved us right.

Clay uses Newton's global thematic approach to help him identify major areas of change in the world and provide investment ideas. The aim of this approach is to give managers a long-term perspective on global financial markets and economies, and to consider investments in a broad, holistic context.

It helps to direct them towards profitable opportunities, and to highlight potential areas of risk. The aim is to ensure that the fund is able to weather volatile periods in the market. This results in a fairly cautious, long-term approach that can sometimes hold it back in the short term but has helped it to achieve its good record over time.

Clay also follows Newton's strict yield discipline, so every holding in the portfolio has to yield at least 25 per cent more than the FTSE World index at the point of purchase, and is sold when it falls below the index yield.

3 Year Performance
Fund Performance41.3%
Average of Rated Funds Group40.9%
Sector Performance30.7%
Fund information
Fund name
Newton Global Income Inst W Acc GBP
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund managers
  • Nick Claysince 14/12/2015
  • Ian Clarksince 01/03/2017
Accolades
Highly Commended - Global Equity Income
Fund objective
The objective of the Sub-Fund is to generate distributions over an annual period together with long-term capital growth from investing predominantly in global securities. The Sub-Fund may also invest in collective investment schemes (including but not limited to another Sub-Fund or Sub-Funds of the Company). Derivatives may be used for efficient portfolio management only.
Benchmark
  • FTSE World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
1.7%
1 Year rank in sector
36/48
Sector
UT Global Equity Income
Yield
3.3%
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.
0.79%
Fund size
£5,550m (£5,527m 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.
88
Mid price
186.6
Top in this sector
Fund name1 Year
Equitile Resl Fdr26.1%
Aptus Global Financials24.2%
Sarasin Global Dividend (£Hg)10.3%
Sarasin Gbl Hig Div(StgHg)8.7%
Invesco Perp Global Eq Inc7.7%
...more in UT Global Equity Income

Performance snapshot

Holdings snapshot

  • USA42.9%
    UK19.1%
    Switzerland9.3%
    Netherlands5.9%
    France5.5%
  • Consumer Goods25.5%
    Technology15.5%
    Consumer Services14.4%
    Health Care12.4%
    Financials10.6%
  • US Equities42.9%
    UK Equities19.1%
    Swiss Equities9.3%
    Dutch Equities5.9%
    French Equities5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.3%-3.2%-3.8%1.7%41.3%71.4%
Sector-5.2%-2.1%-1.2%3.9%30.7%60.7%
Rank within sector9 / 5340 / 5342 / 5136 / 483 / 3710 / 29
Quartile1st4th4th3rd1st2nd
Calendar performance
 YTD - 20182017201620152014
Fund-4%7.9%29.5%10%9.1%
Sector-3.7%11%23.1%2.7%6.8%
Rank within sector28 / 5339 / 488 / 422 / 3717 / 35
Quartile3rd4th1st1st2nd
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.
2.79
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.
1.05
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.
0.95
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%.
10.65
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.
4.61
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.
0.81
Price movement
52 week high196.69
52 week low182.54
Current bid price-
Current offer price-
Current mid price186.6
Region
1USA42.88%
2UK19.06%
3Switzerland9.28%
4Netherlands5.89%
5France5.47%
6Money Market3.82%
7Norway2.13%
8Sweden1.8%
9Japan1.73%
Industry sector
1Consumer Goods25.53%
2Technology15.5%
3Consumer Services14.39%
4Health Care12.43%
5Financials10.6%
6Industrials5.34%
7Utilities4.94%
8Oil & Gas4.4%
9Money Market3.82%
Asset type
1US Equities42.88%
2UK Equities19.06%
3Swiss Equities9.28%
4Dutch Equities5.89%
5French Equities5.47%
6Money Market3.82%
7Norwegian Equities2.13%
8Swedish Equities1.8%
9Japanese Equities1.73%
Individual holdings
1CISCO SYSTEMS INC5.06%
2CA INC3.71%
3BRITISH AMERICAN TOBACCO3.69%
4MAXIM INTEGRATED PRODUCTS3.43%
5DIAGEO3.29%
6RALPH LAUREN CORP3.06%
7NOVARTIS AG3%
8GILEAD SCIENCES INC2.91%
9UNILEVER2.86%
Management
Fund manager group
Newton & BNY Mellon Asset Mgmt
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund objective
The objective of the Sub-Fund is to generate distributions over an annual period together with long-term capital growth from investing predominantly in global securities. The Sub-Fund may also invest in collective investment schemes (including but not limited to another Sub-Fund or Sub-Funds of the Company). Derivatives may be used for efficient portfolio management only.
Benchmark
  • FTSE World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Nick Clay14/12/2015Nick is the lead manager of the Newton Global Income Fund and the BNY Mellon Global Equity Income Fund. He has been a member of the Global Equity team since 2012. He is a member of a number of investment groups, including chairing the equity income group. From 2000 to 2012 Nick was the lead manager on a variety of global multi-asset fund strategies. Prior to joining Newton in 2000, Nick acquired a range of experience as a UK equities manager at Morley Fund Management and as an analyst at Sun Alliance. Nick is an associate member of the UK Society of Investment Professionals.
Ian Clark01/03/2017Ian Clark is co-lead manager of the Newton Global Equity Income strategy. He joined Newton in 2012, and spent his first five years with the firm as a specialist global research analyst on our Global Equity Income and Real Return strategies. He continues to provide input on equity holdings in the Real Return strategy. Prior to joining Newton, Ian worked for Ziff Brothers Investments, covering industrial, building materials, transport and commodity companies. He also spent two years at McKinsey as a consultant in the firm’s corporate finance practice. Ian holds a BSc from Warwick University.
Compliance
Transparent for German Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Chile, Germany, Spain, United Kingdom
Newton Global Income
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price191.66
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN373
Newton Global Income B Acc
Initial charge-
Annual charge0.85%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price182.11
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTHP
Newton Global Income B Inc
Initial charge-
Annual charge0.85%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price150.5
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGTHO
Newton Global Income Exempt 2 Acc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price171.84
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeICHS
Newton Global Income Exempt 2 Inc
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price210.14
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeV462
Newton Global Income Inst Acc
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price338.01
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeV461
Newton Global Income Inst Inc
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price204.18
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeV460
Newton Global Income Inst W Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price186.6
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGQ4S
Newton Global Income Inst W Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.58
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGQ4R
Newton Global Income Ret Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price184.1
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZV9
Newton Global Income U Acc
Initial charge-
Annual charge0.65%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price157.23
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKHLR
Newton Global Income U Inc
Initial charge-
Annual charge0.65%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price137.39
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKHLS
Newton Global Income X Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price350.19
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCRZ8
Newton Global Income X Inc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price180.01
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLFP9
Data provided by

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