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 SMALLER 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

Rated Fund 2017-2018. Set apart by team-based approach and investment process

Nick Williamson became lead manager of this fund at the start of 2016 and has had an almost perfect start to his portfolio management career. Barclays Wealth and Investments points to a 'spectacular 2017' thanks to the investment prowess of Old Mutual's highly regarded mid and small-cap team.What sets this fund apart from its peers are its team-based approach and its process. Most smaller companies funds are based on a bottom-up stock-picking approach with little regard to the economic backdrop, but the Old Mutual team takes account of both top-down views and fundamental analysis.

The team have a pragmatic and flexible investment approach with no rigid bias toward a 'value' or 'growth' style. Instead, they look to prevailing economic and market conditions and position the portfolio accordingly.Williamson says that the 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. He like those because it gives companies the chance either to make acquisitions or to start paying dividends.The fund has at least 80 per cent in constituents of the Numis Smaller Companies index ヨ the bottom 10 per cent of the UK main market by value. The advantage of this fund is that it is still relatively modest itself at around ᆪ350 million, so it can take some meaningful stakes in these companies.<\p>

3 Year Performance
Fund Performance106%
Average of Rated Funds Group67.7%
Sector Performance13.9%
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
21.7%
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.
0.85%
Fund size
£374m (£189m 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.
98
Top in this sector
Fund name1 Year
Old Mutual UK SmCos Fcus21.7%
Marlborough UK MulCap Gth Cell17.1%
Investec UK Alpha16.7%
Marlborough UK MiCap Gth Cell15.8%
Boost FTSE 100 3x LD ETP15.3%
...more in FO Equity - UK

Performance snapshot

Holdings snapshot

  • UK97.8%
    Money Market2.2%
  • Financials22.5%
    Industrials18.7%
    Consumer Services16.1%
    Technology14.3%
    Consumer Goods11.9%
  • UK Equities97.8%
    Money Market2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%-1.7%-0.8%21.7%106%190.9%
Sector3%-2.8%-0.9%5.1%13.9%43.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20182017201620152014
Fund-2.5%50.7%23.7%22.2%0.4%
Sector-2.4%11.6%8.9%4.9%1%
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.
22.21
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.
1.2
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.
1.65
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%.
14.42
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.
10.13
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.
2.21
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.
0.52
Price movement
52 week high300.2
52 week low240.25
Current bid price-
Current offer price-
Current mid price290.11
Region
1UK97.8%
2Money Market2.2%
Industry sector
1Financials22.5%
2Industrials18.7%
3Consumer Services16.1%
4Technology14.3%
5Consumer Goods11.9%
6Health Care7%
7Unquoted Investments5%
8Basic Materials2.3%
9Money Market2.2%
Asset type
1UK Equities97.8%
2Money Market2.2%
Individual holdings
1BLUE PRISM GROUP PLC7.7%
2FEVERTREE DRINKS PLC5%
3MICROGEN4.3%
4ALPHA FX GROUP PLC4%
5ASCENTIAL PLC3.7%
6CHARTER COURT FINL SERVICES GRP PLC3.6%
7PURPLEBRICKS GROUP PLC3.4%
8Unlisted Equity 13.2%
9CLINIGEN GROUP PLC2.9%
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 has worked at OMGI since 2008, covering a variety of sectors for the wider UK equities team. Prior to his appointment as manager of the Old Mutual UK Smaller Companies Focus Fund, Nick acted as deputy manager on both the onshore and offshore UK smaller companies funds, since January 2014. Before this he was a sell-side analyst for more than 10 years, with a broad range of analytical responsibilities, most recently at Citigroup.
Compliance
IA Recognised, Offshore, 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 charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1697.83
CurrencyGBX
Price updated19/04/2018
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£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price290.11
CurrencyGBX
Price updated19/04/2018
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)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.4037
CurrencyGBP
Price updated19/04/2018
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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