Fact sheet: Sarasin Food & Agriculture Opportunities

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.
SPECIALIST
Sector
UT Specialist
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates Sarasin Food & Agriculture Opportunities

Rated Fund 2016-2017. Taking advantage of variety across the food chain

This fund was set up in 2008 to achieve long-term capital growth through investment in food and agriculture companies from across the world. Fund manager Henry Boucher and his deputy Ed Bailey seek to identify areas of the food spectrum that stand out as having potential for high growth as a result of global trends.

Then they invest in companies within these areas that are well-placed to benefit, due to factors including market positioning, pricing power, technological leadership and control of resources. In order to minimise risk they invest across the full food and agriculture value chain. Boucher has identified three mega-trends which underline the case for investing in food and agriculture.

These are the increasing world population, which means there are more mouths to feed; increasing urbanisation and infrastructure development, giving people access to reliable electricity to power fridges; and diet change, with rising incomes meaning that people can afford different types of foods, including processed and packaged food, and to eat out in restaurants.

He points out that these trends provide many opportunities for investors, ranging from firms involved in mechanisation and technology to improve productivity and food safety, to wine producers who are catering for the growing demand in emerging markets such as China.

He says the ability to diversify the fund across the food chain - from field to fork - helps to reduce its volatility; it is also well-diversified geographically and not so heavily biased to North America as many global equity funds.

3 Year Performance
Fund Performance45.3%
Average of Rated Funds Group47.9%
Sector Performance20.9%
Fund information
Fund name
Sarasin Food & Agriculture Opportunities P Acc
Fund manager company
Sarasin Investment Funds Ltd
Fund type
OEIC
Fund managers
  • Jeneiv Shahsince 31/07/2017
  • Henry Bouchersince 30/03/2008
Accolades
Fund objective
The Fund seeks to achieve long-term capital growth through investment in food and agriculture companies from across the world.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
11.5%
1 Year rank in sector
9/105
Sector
UT Specialist
Yield
1.3%
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.
0.99%
Fund size
£157m (£118m 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.
91
Mid price
192.7
Top in this sector
Fund name1 Year
Baring German Gth20.4%
VT Halo Gbl Asn Consumer20.1%
Fidelity EmEur Md Et Af16.8%
Baring Korea Trust15.9%
Jupiter Financial Opps15.2%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • North America22.6%
    UK21.7%
    Europe ex UK21.4%
    Global Emerging Markets20.6%
    Pacific ex-Japan10.9%
  • Consumer Staples49.7%
    Industrials18.5%
    Materials15.2%
    Consumer Discretionary10.1%
    Health Care4.2%
  • Equities92%
    Money Market5.8%
    Alternative Investment Strategies1.3%
    Property0.9%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%5.6%6.7%11.5%45.3%52%
Sector-3.9%-0.3%0.4%1.7%20.9%24.1%
Rank within sector13 / 1119 / 11111 / 1119 / 10514 / 10125 / 88
Quartile1st1st1st1st1st2nd
Calendar performance
 YTD - 20182017201620152014
Fund-0.3%14.6%34%-2.2%8.2%
Sector-2.3%8.2%22.7%-4.5%1.2%
Rank within sector31 / 11126 / 10529 / 10459 / 10024 / 95
Quartile2nd1st2nd3rd2nd
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.
5.66
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.
0.9
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.
0.98
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%.
10.33
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.
5.7
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.
0.82
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.
0.7
Price movement
52 week high197.1
52 week low169.9
Current bid price-
Current offer price-
Current mid price192.7
Region
1North America22.6%
2UK21.7%
3Europe ex UK21.4%
4Global Emerging Markets20.6%
5Pacific ex-Japan10.9%
6Japan2.9%
Industry sector
1Consumer Staples49.7%
2Industrials18.5%
3Materials15.2%
4Consumer Discretionary10.1%
5Health Care4.2%
6Information Technology2.3%
Asset type
1Equities92%
2Money Market5.8%
3Alternative Investment Strategies1.3%
4Property0.9%
Individual holdings
1TREASURY WINE ESTATES LTD5.2%
2SHOPRITE HLDGS LTD_CFD4%
3MARINE HARVEST3.8%
4LEROY SEAFOOD GROUP3.7%
5MIDDLEBY CORP3.2%
6CHINA MENGNIU DAIRY CO3.1%
7KUBOTA CORP2.9%
8NUTRIEN LTD2.9%
9OCADO GROUP PLC2.9%
Management
Fund manager group
Sarasin
Fund manager company
Sarasin Investment Funds Ltd
Fund type
OEIC
Fund objective
The Fund seeks to achieve long-term capital growth through investment in food and agriculture companies from across the world.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Jeneiv Shah31/07/2017Jeneiv began his investment career in 2008 at Mirae Asset Global Investment as an Emerging Market Analyst. Prior to joining Sarasin and Partners in 2017 he worked at T Rowe Price as an International Equity Analyst for 7 years. Jeneiv is Deputy Portfolio Manager for Sarasin Food and Agriculture Opportunities and is also an analyst covering Global Food and Agriculture stocks.
Henry Boucher30/03/2008Henry started his career in fund management in 1983. Specialising in multi-asset and global equity fund management, he has managed a wide variety of funds, including unit trusts, pension funds, life funds and charity endowments. He is Chairman of the Sarasin & Partners Investment Strategy Group, responsible for defining the long-term thematic investment landscape. Henry is Deputy Chief Investment Officer, focused on global equities and with expertise in Sustainable investment. He is also responsible for managing one of the firm’s specialist thematic investment strategies, Food & Agriculture Opportunities. Henry is a Fellow of the Chartered Institute of Securities and Investment (CISI).
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Spain, United Kingdom, Guernsey, Ireland, Jersey, Sweden
Sarasin Food & Agriculture Opportunities A Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.74%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price184.9
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBGH2
Sarasin Food & Agriculture Opportunities A Inc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.74%
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price169.4
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBGH1
Sarasin Food & Agriculture Opportunities F Acc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price188.6
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSJF
Sarasin Food & Agriculture Opportunities F Inc
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price169.4
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSJG
Sarasin Food & Agriculture Opportunities I Acc
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price195.7
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBGH4
Sarasin Food & Agriculture Opportunities I Inc
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price176
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBGH3
Sarasin Food & Agriculture Opportunities P Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price192.7
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSJL
Sarasin Food & Agriculture Opportunities P Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price1.096
CurrencyEUR
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNZCV
Sarasin Food & Agriculture Opportunities P Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price173.5
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSJM
Sarasin Food & Agriculture Opportunities P Inc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price1.091
CurrencyEUR
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNZCW
Data provided by

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