Aegon AM UK Equity Absolute Return Class B Acc
Report And Accounts
Simplified Prospectus / KIID
Performance
Discrete performance - to last month end
| 31/03/19 to 31/03/20 |
31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
|
|---|---|---|---|---|---|
| Fund | 9.5% | 2.7% | -1.9% | 1.9% | 7.6% |
| Sector | -3.3% | 10.1% | 2.5% | 0.3% | 6.3% |
| Rank | 3/69 | 66/71 | 62/75 | 27/81 | 33/82 |
| Quartile | 1 | 4 | 4 | 2 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/24 |
5 Years to 31/03/24 |
10 Years to 31/03/24 |
||
| Fund | 2.4% | 3.9% | 1.4% | |
| Sector | 3.0% | 3.1% | 2.3% | |
| Rank | 34/75 | 31/69 | 33/40 | |
| Quartile | 2 | 2 | 4 | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| GSK | 2.69 |
| CRH | 2.39 |
| BARCLAYS | 2.24 |
| HOWDEN JOINERY GROUP | 2.09 |
| TAYLOR WIMPEY | 1.95 |
| RS GROUP | 1.67 |
| CONVATEC GROUP | 1.63 |
| ASTRAZENECA | 1.62 |
| BALTIC CLASSIFIEDS GROUP | 1.53 |
| FERGUSON | 1.52 |
| Total | 19.33 |
Fund Aims
The investment objective is to achieve a positive absolute return over any 36 month period in all market conditions. By investing in the Fund, capital is at risk. There is no guarantee that the Fund will deliver positive returns over this, or any, time period.
Fund Manager
Malcolm McPartlin is an investment manager in the UK Equities team, with responsibility for co-managing the Kames UK Equity Absolute Return Fund and Kames Equity Market Neutral Funds. He has analysis responsibilities for the mining, media sectors and UK Equity Strategy. Malcolm joined us in 2003 from Scottish Equitable where he was an assistant business analyst. He studied Financial Services at Napier University.
David Pringle David Pringle is an investment manager in the UK Equities team, with responsibility for co-managing the Kames UK Equity Absolute Return Fund and Kames Equity Market Neutral Funds. In addition, David’s analysis duties are in the aerospace & defence, pharmaceuticals, chemicals and healthcare sectors. He joined us in 2001 from WM Company, where he spent four years as a research assistant writing reports on risk, ethical investing and pension fund structures. David studied Financial Services at Glasgow Caledonian University, and has the SII Diploma in Derivatives.
Fund Overview
| Mid (26/04/2024) | 134.95p |
| Historic yield | - |
| Fund size (29/02/2024) | £26.30m |
| Number of holdings | 122 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.93% |
| Launch date | 22/02/2010 |
Asset Allocation
| Cash and Equivalents | 97.34% | |
| UK Equities | 27.10% | |
| International Equities | 0.49% | |
| Alternative Trading Strategies | -14.06% | |
| Other Assets | -10.87% |
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Asset Allocation
| Cash and Equivalents | 97.34% | |
| UK Equities | 27.10% | |
| International Equities | 0.49% | |
| Alternative Trading Strategies | -14.06% | |
| Other Assets | -10.87% |
Equity Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Cash and Equivalents | 97.34% | - | - | - | |
| Industrials | 9.46% | - | - | - | |
| Industrial Goods & Services | - | 7.71% | - | - | |
| Aerospace & Defence | - | - | 5.48% | - | |
| Defense | - | - | - | 4.18% | |
| Aerospace | - | - | - | 1.31% | |
| Industrial Support Services | - | - | 4.04% | - | |
| Industrial Suppliers | - | - | - | 4.94% | |
| Business Training & Employment Agencies | - | - | - | 1.32% | |
| Transaction Processing Services | - | - | - | -0.35% | |
| Professional Business Support Services | - | - | - | -1.87% | |
| Electronic & Electrical Equipment | - | - | 0.39% | - | |
| Electronic Equipment: Control & Filter | - | - | - | 0.39% | |
| Industrial Transportation | - | - | -0.07% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 1.29% | |
| Marine Transportation | - | - | - | -1.36% | |
| General Industrials | - | - | -0.91% | - | |
| Diversified Industrials | - | - | - | -0.91% | |
| Industrial Engineering | - | - | -1.23% | - | |
| Machinery: Industrial | - | - | - | -1.23% | |
| Construction & Materials | - | 1.76% | - | - | |
| Construction & Materials | - | - | 1.76% | - | |
| Cement | - | - | - | 2.07% | |
| Building Materials: Other | - | - | - | -0.31% | |
| Health Care | 7.25% | - | - | - | |
| Health Care | - | 7.25% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 4.50% | - | |
| Pharmaceuticals | - | - | - | 4.31% | |
| Biotechnology | - | - | - | 0.19% | |
| Medical Equipment & Services | - | - | 1.63% | - | |
| Medical Supplies | - | - | - | 1.63% | |
| Health Care Providers | - | - | 1.12% | - | |
| Health Care Facilities | - | - | - | 1.12% | |
| Technology | 4.95% | - | - | - | |
| Technology | - | 4.95% | - | - | |
| Software & Computer Services | - | - | 4.95% | - | |
| Consumer Digital Services | - | - | - | 3.00% | |
| Software | - | - | - | 1.23% | |
| Computer Services | - | - | - | 0.73% | |
| Basic Materials | 4.81% | - | - | - | |
| Basic Resources | - | 2.71% | - | - | |
| Industrial Metals & Mining | - | - | 2.71% | - | |
| General Mining | - | - | - | 2.71% | |
| Chemicals | - | 2.10% | - | - | |
| Chemicals | - | - | 2.10% | - | |
| Chemicals: Diversified | - | - | - | 2.10% | |
| Consumer Discretionary | 4.81% | - | - | - | |
| Consumer Products & Services | - | 2.61% | - | - | |
| Household Goods & Home Construction | - | - | 1.95% | - | |
| Home Construction | - | - | - | 1.95% | |
| Personal Goods | - | - | 0.67% | - | |
| Luxury Items | - | - | - | 0.67% | |
| Travel & Leisure | - | 1.34% | - | - | |
| Travel & Leisure | - | - | 1.34% | - | |
| Airlines | - | - | - | 1.34% | |
| Retail | - | 0.85% | - | - | |
| Retailers | - | - | 0.85% | - | |
| Home Improvement Retailers | - | - | - | 0.85% | |
| Telecommunications | 0.90% | - | - | - | |
| Telecommunications | - | 0.90% | - | - | |
| Telecommunications Equipment | - | - | 0.90% | - | |
| Telecommunications Equipment | - | - | - | 0.90% | |
| Financials | -0.08% | - | - | - | |
| Insurance | - | 1.61% | - | - | |
| Non-life Insurance | - | - | 0.85% | - | |
| Reinsurance | - | - | - | 0.85% | |
| Life Insurance | - | - | 0.77% | - | |
| Life Insurance | - | - | - | 0.77% | |
| Banks | - | -0.01% | - | - | |
| Banks | - | - | -0.01% | - | |
| Banks | - | - | - | -0.01% | |
| Financial Services | - | -1.69% | - | - | |
| Investment Banking & Brokerage Services | - | - | -1.69% | - | |
| Asset Managers & Custodians | - | - | - | -1.69% | |
| Energy | -1.45% | - | - | - | |
| Energy | - | -1.45% | - | - | |
| Non-Renewable Energy | - | - | -1.45% | - | |
| Integrated Oil & Gas | - | - | - | -1.45% | |
| Consumer Staples | -3.63% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | -1.44% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | -1.44% | - | |
| Nondurable Household Products | - | - | - | 0.87% | |
| Personal Products | - | - | - | -0.56% | |
| Food Retailers & Wholesalers | - | - | - | -1.75% | |
| Food, Beverage & Tobacco | - | -2.19% | - | - | |
| Beverages | - | - | -2.19% | - | |
| Soft Drinks | - | - | - | -0.53% | |
| Distillers & Vintners | - | - | - | -1.66% | |
| Non-Classified | -10.30% | - | - | - | |
| Alternative Trading Strategies | -14.06% | - | - | - | |
| Alternative Trading Strategies | - | -14.06% | - | - | |
| Alternative Trading Strategies | - | - | -14.06% | - | |
| Alternative Trading Strategies | - | - | - | -14.06% | |
Regional Allocation
| Cash and Equivalents | 97.34% | |
| UK | 16.89% | |
| Developed Europe - Excl UK | 2.62% | |
| North America | -0.77% | |
| Japan | -1.36% | |
| Non-Classified | -14.72% |
Fixed Interest Currencies
| Cash | 77.45% | |
| Pound Sterling | 17.58% | |
| Non-Fixed Interest Assets | 4.97% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Cash and Equivalents | 97.34% | - | |
| UK | 16.89% | - | |
United Kingdom
|
- | 16.89% | |
| Developed Europe - Excl UK | 2.62% | - | |
Ireland
|
- | 3.18% | |
Germany
|
- | -0.57% | |
| North America | -0.77% | - | |
Bermuda
|
- | 0.85% | |
United States
|
- | -1.62% | |
| Japan | -1.36% | - | |
Japan
|
- | -1.36% | |
| Non-Classified | -14.72% | - | |
Breakdown By Market Cap (%)
| Mega |
|
7.88% |
| Large |
|
2.00% |
| Medium |
|
6.70% |
| Small |
|
4.57% |
| Micro |
|
0.15% |
| Non-Classified |
|
-18.65% |
| Cash |
|
97.34% |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | GSK | 2.69% | Pharmaceuticals & Biotechnology | United Kingdom |
| 2 | CRH | 2.39% | Construction & Materials | Ireland |
| 3 | BARCLAYS | 2.24% | Banks | United Kingdom |
| 4 | HOWDEN JOINERY GROUP | 2.09% | Retailers | United Kingdom |
| 5 | TAYLOR WIMPEY | 1.95% | Household Goods & Home Construction | United Kingdom |
| 6 | RS GROUP | 1.67% | Industrial Support Services | United Kingdom |
| 7 | CONVATEC GROUP | 1.63% | Medical Equipment & Services | United Kingdom |
| 8 | ASTRAZENECA | 1.62% | Pharmaceuticals & Biotechnology | United Kingdom |
| 9 | BALTIC CLASSIFIEDS GROUP | 1.53% | Software & Computer Services | United Kingdom |
| 10 | FERGUSON | 1.52% | Industrial Support Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 4.95% | - | - | - | - | - | - | - | 4.95% |
| Telecommunications | 0.90% | - | - | - | - | - | - | - | 0.90% |
| Financials | -0.93% | 0.85% | - | - | - | - | - | - | -0.08% |
| Consumer Discretionary | 4.81% | - | - | - | - | - | - | - | 4.81% |
| Consumer Staples | -1.97% | -1.66% | - | - | - | - | - | - | -3.63% |
| Energy | -1.45% | - | - | - | - | - | - | - | -1.45% |
| Health Care | 7.25% | - | - | - | - | - | - | - | 7.25% |
| Industrials | 8.16% | 1.30% | - | - | - | - | - | - | 9.46% |
| Basic Materials | 4.81% | - | - | - | - | - | - | - | 4.81% |
| Cash and Equivalents | - | - | - | - | - | - | - | 97.34% | 97.34% |
| Non-Classified | 0.56% | - | - | - | - | - | -24.93% | - | -24.37% |
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
| Sedol Code | B4XS804 |
| Mex Code | SEAAAA |
| Isin Code | GB00B4XS8040 |
| Citi Code | I8K9 |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.93% |
Aims and Benchmark
| Aims | The investment objective is to achieve a positive absolute return over any 36 month period in all market conditions. By investing in the Fund, capital is at risk. There is no guarantee that the Fund will deliver positive returns over this, or any, time period. |
| Benchmark | Sterling Over Night Index Average (SONIA) 1 Month |
| Benchmark Category | Comparator |
| IA Sector | Absolute Return |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Annually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 01 August | 30 November |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | Citibank |
| Fund Administrator | Citibank |
| Fund Registrar | Northern Trust Global Services Limited |
| Fund Custodian | Citibank |
Group Details
| Group name | Aegon Asset Management |
| Group address | 3 Lochside Avenue Edinburgh Park EDINBURGH EH12 9SA |
| Group telephone | 0800 45 44 22 |
| Dealing telephone | 0800 169 5186 |
| info@kamescapital.com | |
| Homepage | www.aegonam.com |
| Fax number | - |
Dealing
| Minimum Investment | £2000000 |
| Minimum Top Up | £1000 |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 4 |
Important Information
Ongoing charges may vary in the future and may be higher than they are now.
This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | 1.67 |
| Beta | 0.37 |
| Sharpe | 0.00 |
| Standard Deviation | 3.25 |
| Info Ratio | 0.08 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | No |
| Emerging Markets | No |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | No |
| Higher Risk | No |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | No |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | No |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.
Important Information
The risk factor definitions are provided by Broadridge. These definitions may differ from those of Prudential or any underlying fund manager. The data itself is provided by Prudential or the underlying fund manager. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your client’s investment can go down as well as up and the amount your client gets back may be less than they put in. This factsheet is for investment professionals and is for information purposes only. Should you wish to present any of this content to your client, please refer to similar pages on pru.co.uk. You should refer to your client’s policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.