Fact sheet: TB Saracen UK Income

Fund information
Fund name
TB Saracen UK Income B Acc
Fund manager company
T. Bailey Fund Srvs Ltd (ACD)
Fund type
OEIC
Fund manager
  • Scott McKenziesince 30/03/2015
Fund objective
The objective is to provide income exceeding 110% of the dividend income of the MSCI UK All Cap index and an overall return (income plus capital growth) which is superior to that index. At least 80% of the fund will be invested in shares of UK Companies.
Benchmark
  • MSCI UK All Cap index
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
18.3%
1 Year rank in sector
3/94
Sector
UT UK Equity Income
Yield
4.3%
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.
1.69%
Fund size
£3m (£2m 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.
95
Mid price
1.2279
Top in this sector
Fund name1 Year
Man GLG UK Income26.3%
MI Chelverton UK Eq Inc22.2%
TB Saracen UK Income18.3%
Courtiers UK Equity Income17.8%
JOHCM UK Equity Income17.7%
...more in UT UK Equity Income

Performance snapshot

Holdings snapshot

  • UK98.5%
    Money Market1.5%
  • Financials30.3%
    Consumer Services25%
    Consumer Goods12.7%
    Industrials9.8%
    Basic Materials6%
  • UK Equities98.5%
    Money Market1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%1.4%6.6%18.3%--
Sector1.7%1.9%4.7%10.9%27.6%58.2%
Rank within sector52 / 9971 / 9725 / 973 / 94--
Quartile3rd3rd2nd1st
Calendar performance
 YTD - 20182017201620152014
Fund0.2%18.2%5.3%--
Sector0.6%11.2%9.1%4.9%2.8%
Rank within sector73 / 996 / 9471 / 89--
Quartile3rd1st4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1.24
52 week low1.03
Current bid price-
Current offer price-
Current mid price1.23
Region
1UK98.5%
2Money Market1.5%
Industry sector
1Financials30.3%
2Consumer Services25%
3Consumer Goods12.7%
4Industrials9.8%
5Basic Materials6%
6Oil & Gas5.5%
7Health Care2.9%
8Others2.4%
9Technology2.4%
Asset type
1UK Equities98.5%
2Money Market1.5%
Individual holdings
1ASTRAZENECA PLC4.1%
2TYMAN PLC4%
3BERKELEY GROUP HLDGS3.9%
4GREENE KING3.9%
5STANDARD LIFE PLC3.9%
6PHOENIX GROUP HLDGS3.8%
7VITEC GROUP PLC (THE)3.8%
8PALACE CAPITAL PLC3.7%
9LLOYDS BANKING GROUP PLC3.6%
Management
Fund manager group
T. Bailey
Fund manager company
T. Bailey Fund Srvs Ltd (ACD)
Fund type
OEIC
Fund objective
The objective is to provide income exceeding 110% of the dividend income of the MSCI UK All Cap index and an overall return (income plus capital growth) which is superior to that index. At least 80% of the fund will be invested in shares of UK Companies.
Benchmark
  • MSCI UK All Cap index
Investment style
Active
Investment method
Shares
Fund manager
NameSinceBiography
Scott McKenzie30/03/2015Scott joined Saracen in 2014 and has managed the Fund since launch. He has 20 years’ experience managing equity income funds.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
TB Saracen UK Income B Acc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.2279
CurrencyGBP
Price updated19/01/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM9ZI
TB Saracen UK Income B Inc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.0766
CurrencyGBP
Price updated19/01/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM9ZJ
Data provided by

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