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Contact details

50 Stratton street, London, United Kingdom, W1J 8LL
0800 374 810 (Broker Line)
0870 606 6408 (Dealing)
0207 499 1610 (Fax Number)
0207 588 2721 (Main Number)

Fund managers

* Alan Custis01-Mar-2004 to Present
* Lloyd Whitworth»01-Jun-2010 to Present
Tony Willis»03-Nov-1999 to 28-Feb-2009
Simon Roberts»03-Nov-1999 to 30-Apr-2004

Investment objectives

To achieve long-term capital growth by investing in a concentrated portfolio of UK equities.

Key Information

Fund vs sector

  1y 3y
Position 160 / 285 171 / 276
Quartile 3 3

Fund ratings

NeutralMstar OBSR
FE Crown Rating: 2 FE Crown Rating


  1y 3y
Volatility 9.94 10.64
Alpha -1.97 -1.76
Beta 1.13 1.04
Sharpe 0.00 0.87
Info Ratio -0.67 -0.53
R2 0.95 0.96
Quartiles:   1  2  3  4   help with ratios
vs. UK All Companies»
performance chart
INC +1.6+41.1+50.1+18.5+17.2-10.4+18.7
  UK ALL COMPANIES   +2.0+46.9+60.5+21.9+18.2-8.3+19.2
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf LAZARD UK ALPHA INST ACC ACC 200.40 (p) 19-Dec-2014 2.20 1.04% A6G8 B24F0R1
pdf LAZARD UK ALPHA RET C INC INC 169.10 (p) 19-Dec-2014 n/a 0.80% GW2Y B82YC65
pdf LAZARD UK ALPHA RET C ACC ACC 194.80 (p) 19-Dec-2014 n/a 0.80% GW2Z B887XJ8
pdf LAZARD UK ALPHA INST INC INC 170.50 (p) 19-Dec-2014 2.20 1.05% LZ75 0846840
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf LAZARD UK ALPHA RET ACC ACC 191.60 (p) 19-Dec-2014 1.80 1.56% A6G7 B24F0W6
pdf LAZARD UK ALPHA RET INC INC 169.00 (p) 19-Dec-2014 1.80 1.56% LZ76 0846839

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£79.2m / $123.7m (19-Dec-14)
Savings plan Fund has Savings Plan Minimum: £ 75.0 Monthly Launch03-Nov-1999
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesMon-Fri 09:00 to 17:00
Minimum initial£ 2,000
Minimum additional£ 500
Initial charge3.75%
Annual management charge1.50%
Note to chargesn/a
Trustee / DepositaryState Street Trustees Limited
RegistrarBank of New York Mellon (International) Limited
Dividend policyApr 01, Oct 01 (Final)
Peer groups
Region Asset Class Investment Focus Sector
United Kingdom Equity Mixed UK All Companies
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
HSBC HLDGS 3.90 3 - -
COMPASS GROUP 3.10 5 - -
BP 3.10 6 - *
BARCLAYS PLC 3.00 7 - *
DIAGEO 2.80 10 - *
Regional weightings, 31-Oct-2014
UK96.301 96.30% UK
Cash3.702 3.70% Cash
Sector weightings, 31-Oct-2014
Financials23.801 23.80% Financials
Consumer Services15.202 15.20% Consumer Services
Health Care12.103 12.10% Health Care
Industrials11.104 11.10% Industrials
Oil & Gas10.605 10.60% Oil & Gas
Consumer Goods8.906 8.90% Consumer Goods
Basic Materials7.307 7.30% Basic Materials
Telecommunications4.408 4.40% Telecommunications
Cash3.709 3.70% Cash
Utilities2.6010 2.60% Utilities
Technology0.3011 0.30% Technology

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

UK Equities, 96.30%
96.3000% ofUK Equities
Money Market, 3.70%
3.7000% ofMoney Market

FE Adviser Fund Index

Sector analysis


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