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Contact details

ManagerGroupLogo
12 Upper Grosvenor Street, London, W1K 2ND
020 7208 1400 (Dealing)
020 7208 1401 (Fax Number)

info@odey.com

Fund managers

* James Hanbury11-May-2009 to Present
 
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* Jamie Grimston»01-Nov-2010 to Present


Investment objectives

The investment objective of the Fund is to achieve a positive absolute return over a 12 month period . The Fund will invest (using both long and synthetic short positions) generally in a portfolio of equities and equity-related securities (including OTC derivatives) of companies incorporated. The investment objective and policy of the Fund may mean that at times it is appropriate not to be fully invested but to hold cash or near cash and debt and debt-related securities issued by Governments. The Fund may also invest up to 10% of its Net Asset Value to gain Commodity exposure through transferable securities such as ETCs (Exchange Traded Commodities) and other permitted investments.

Key Information

Fund vs sector

  1y 3y
Position n/a n/a
Quartile n/a n/a

Fund ratings

BLANKMstar OBSR
Analyst
(Qualitative)
FE Crown Rating: 4 FE Crown Rating
(Quantitative)

Ratios

  1y 3y
Volatility 8.82 10.59
Alpha -12.50 8.51
Beta 4.44 3.85
Sharpe 0.14 2.04
Info Ratio 0.07 2.21
R2 0.66 0.52
Quartiles:   1  2  3  4   help with ratios
vs. IMA Targeted Absolute Return»
performance chart
chart
    1y3y5y12m-24m24m-36m36m-48m48m-60m
ACC +2.8+91.8+122.4+44.5+29.2+16.1-0.1
  IMA TARGETED ABSOLUTE RETURN   +2.2+11.2+14.1+5.8+2.9-0.4+3.0
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf CF ODEY ABSOLUTE RETURN HEDGED INST ACC EUR ACC 1.67 (EUR) 24-Oct-2014 n/a 0.93% 0P30 B3SX1S6
pdf CF ODEY ABSOLUTE RETURN INST GBP ACC 289.16 (p) 24-Oct-2014 n/a 0.93% FBB2 B55NGS8
pdf CF ODEY ABSOLUTE RETURN INST ACC USD ACC 1.54 (USD) 24-Oct-2014 n/a 0.93% GQ7H B3Z00X8
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf CF ODEY ABSOLUTE RETURN RET GBP ACC 281.62 (p) 24-Oct-2014 n/a 1.43% FBB1 B55NGR7

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£823.1m / $1,323.7m (29-Aug-14)
Savings plan Fund has Savings Plan Minimum: £ 100.0 Monthly Launch11-May-2009
Pricing times10:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 5,000
Minimum additionaln/a
Initial charge4.00%
Annual management charge1.25%
Note to chargesn/a
Trustee / DepositaryBank of New York Trust & Depositary Co Ltd
RegistrarCapita Financial Administrators Limited
Multi-Managern/a
Indexn/a
Dividend policyJan 01 (Final), Jul 01
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed IMA Targeted Absolute Return
Largest holdings, 29-Aug-2014
Holding (%) Rank Fund factsheet Equity factsheet
SKY DEUTSCHLAND AG 8.80 1 - -
REGUS PLC 8.10 2 - *
AMAYA GAMING GROUP INC 7.20 3 - -
PLUS500 LTD 6.60 4 - *
TOYOTA INDUSTRIES CORP 5.80 5 - -
Total36.50 
Regional weightings, 29-Aug-2014
Region(%)Rank 
UK100.001 100.00% UK
Total100.00 

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

 
 
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Asset allocation

Foreign Exchange, 34.00%
34.0000% ofForeign Exchange
UK Equities, 18.80%
18.8000% ofUK Equities
UK Corporate Fixed Interest, 0.20%
0.2000% ofUK Corporate Fixed Interest
UK Gilts, -123.70%
-123.7000% ofUK Gilts

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