Fact sheet: Old Mutual UK Smaller Companies Focus

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.
UK SMALL COMPANIES
Sector
FO Equity - UK
Fund type
No data available.
Primary aim
No data available.
Why Money Observer Rates Old Mutual UK Smaller Companies Focus

New for 2017. A team-based approach helps generate ideas

This fund has been managed by Nick Williamson since January 2016. It invests in companies no bigger than 'the largest company in the Numis Smaller Companies index at the time of initial investment'.

The index covers around 700 companies comprising the bottom 10 per cent of the UK main market by value. The advantage of this fund is that it is still quite small itself at under £200 million, so it can take significant stakes in these companies.

Williamson took over as lead manager from Dan Nickols. He is still deputy manager to Nickols on the Old Mutual UK Smaller Companies fund. The Dublin-domiciled Focus fund is slightly more concentrated than the onshore fund, which may result in periods of greater volatility. It typically holds between 60 and 70 stocks.

Old Mutual Global Investors operates a team-based approach to UK mid- and small-sized companies, so Williamson is one of seven on the team researching these stocks. He says that this team effort helps to generate lots of ideas that can be investigated in greater detail.

He looks for two things in particular. The first is stocks that offer 'structural' growth, which means they can grow no matter what the state of the economy. Then he looks for stocks that generate plenty of free cash flow.

3 Year Performance
Fund Performance131.9%
Average of Rated Funds Group76.1%
Sector Performance31.1%
Fund information
Fund name
Old Mutual UK Smaller Companies Focus R Inc GBP
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
No data available.
Fund managers
  • Nick Williamsonsince 01/01/2016
Accolades
Fund objective
Old Mutual UK Smaller Companies Focus Fund aims to provide capital growth from investing primarily in an equity portfolio of UK smaller companies. Smaller companies are defined for this purpose as those companies which are quoted on a regulated market and which have a market capitalisation no greater than the largest company in the Numis Smaller Companies Index at the time of initial investment. The Numis Smaller Companies Index is designed to monitor the performance of the smaller companies sector.
Benchmark
  • NUMIS Smaller Companies (ex Investment Companies) Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
56.7%
1 Year rank in sector
-
Sector
FO Equity - UK
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.
0.88%
Fund size
£351m (£150m 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.
96
Top in this sector
Fund name1 Year
Old Mutual UK SmCos Fcus56.7%
Old Mutual UK Dynmc Eq31.1%
Boost FTSE 100 3x LD ETP30.4%
Boost FTSE 250 2x LD ETP29.6%
Montanaro UK Income23.9%
...more in FO Equity - UK

Performance snapshot

Holdings snapshot

  • UK91.3%
    Money Market8.7%
  • Industrials23.4%
    Financials18.7%
    Consumer Services15.3%
    Technology12.3%
    Consumer Goods11.8%
  • UK Equities91.3%
    Money Market8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%7.3%21.7%56.7%131.9%233.2%
Sector2.8%1.7%6%11.6%31.1%60.9%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund48%23.7%22.2%0.4%42.7%
Sector9.9%8.9%4.9%1%23.7%
Rank within sector-----
Quartile
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.
21.23
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.
1.04
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.
1.95
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%.
13.77
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.
10.48
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.
1.99
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.
0.42
Price movement
52 week high296.48
52 week low180.62
Current bid price-
Current offer price-
Current mid price292.33
Region
1UK91.3%
2Money Market8.7%
Industry sector
1Industrials23.4%
2Financials18.7%
3Consumer Services15.3%
4Technology12.3%
5Consumer Goods11.8%
6Money Market8.7%
7Health Care7.3%
8Basic Materials2.5%
Asset type
1UK Equities91.3%
2Money Market8.7%
Individual holdings
1BOOHOO.COM PLC5.7%
2BLUE PRISM GROUP PLC5.2%
3FEVERTREE DRINKS PLC5%
4ALPHA FX GROUP PLC4.7%
5ASCENTIAL PLC3.8%
6MICROGEN3.7%
7CONVIVIALITY PLC3.6%
8PAYSAFE GROUP PLC3.2%
9BURFORD CAPITAL LTD3.1%
Management
Fund manager group
Old Mutual
Fund manager company
Old Mutl Glbl Investors(UK)Ltd
Fund type
No data available.
Fund objective
Old Mutual UK Smaller Companies Focus Fund aims to provide capital growth from investing primarily in an equity portfolio of UK smaller companies. Smaller companies are defined for this purpose as those companies which are quoted on a regulated market and which have a market capitalisation no greater than the largest company in the Numis Smaller Companies Index at the time of initial investment. The Numis Smaller Companies Index is designed to monitor the performance of the smaller companies sector.
Benchmark
  • NUMIS Smaller Companies (ex Investment Companies) Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Nick Williamson01/01/2016Nick joined OMGI in October 2008 from Citigroup, where he was a UK small & mid cap analyst in the team that was ranked first for UK mid cap research in the 2008 Extel survey (2006-08).  Prior to this he took a two year break from financial services, before which he was a business services sector analyst at Citigroup (2000-04) and Dresdner Kleinwort Benson (1999-2000) where he was involved in a number of successful IPOs in the UK and Europe.  He started his career at Credit Lyonnais and progressed from the graduate training scheme to become a UK beverages sector analyst (1995-99).  Nick has a BA in Economics from Durham University (1995).
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Spain, France, United Kingdom, Ireland, Italy, Offshore, Singapore, Sweden
Old Mutual UK Smaller Companies Focus A Inc GBP
Initial charge6.25%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1715.43
CurrencyGBX
Price updated20/10/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFB70
Old Mutual UK Smaller Companies Focus R Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£2,500,000
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price292.33
CurrencyGBX
Price updated20/10/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIBJE
Old Mutual UK Smaller Companies Focus U1 Inc GBP
Initial charge-
Annual charge0.68%
Min single investment£75,000,000
Min regular saving£37,500,000
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.5233
CurrencyGBP
Price updated20/10/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJCXR
Old Mutual UK Smaller Companies Focus X Inc GBP
Initial charge-
Annual charge0.68%
Min single investment£75,000,000
Min regular saving£37,500,000
Available in ISANo
Ongoing charge (OCF)0.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKICI
Data provided by

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