SARACEN GROWTH BETA - Fund overview
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Overview of
SARACEN GROWTH BETA
Saracen Fund Managers are a boutique investment house focusing solely upon the UK market. The house approach is strongly biased to value investing and historically to small and mid cap. Using a non-indexed approach, the portfolio is selected on a stock picking basis driven by a disciplined investment process.
Standard Initial Charge
5.00% 2.00%
Fund summary
| Sector |
UK All Companies
|
| Product type |
OEIC
|
| Launched |
March, 1999
|
| Size |
£34m
|
| Yield |
0.0%
|
| Charging basis |
–
|
| Dividends paid |
Acc units only.
|
| Bid price |
357.13p |
Fund Charges
|
Standard Initial charge
|
5.00%
|
|
Initial charge via Bestinvest
|
2.00%
|
|
Additional bid/offer spread
|
0.00%
|
|
Annual management charge
|
1.00%
|
|
Total expense ratio
|
1.21%
|
|
Reduction in yield (10yr)
|
1.41%
|
Bestinvest says
No information available.
Portfolio
| Allocation |
Proportion |
|
|
Equity |
99%
|
|
High yield bonds |
–
|
|
Quality bonds |
0%
|
|
Property |
0%
|
|
Commodities |
–
|
|
Hedge |
–
|
|
Fund cash |
1%
|
|
Allocation
|
Proportion
|
|
|
|
|
UK
|
96%
|
|
|
Europe
|
1%
|
|
|
Nth America
|
0%
|
|
|
Japan
|
0%
|
|
|
Pacific
|
3%
|
|
|
Other Equity
|
0%
|
|
Allocation
|
Proportion
|
|
|
|
|
Large Caps
|
57%
|
|
|
Mid Caps
|
13%
|
|
|
Small Caps
|
30%
|
View all performance data for SARACEN GROWTH BETA
Investment process
Saracen are a boutique investment manager with a strong and clearly defined process. Focusing upon value investing, the fund's manager, Jim Fisher, has created a defined investment process. The Saracen view of value is an above average dividend yield (4%+) dividend cover greater than 1.5%, a low P/E (less than 12 times) and strong cash flow. Lowly valued companies that have strong potential for upwards re-rating are the ideal, however stocks where there is a high degree of expectation are not considered due to the downside if the market suddenly decides that these expectations are not going to be met.
This process is called the "seven pillars of wisdom". These pillars are: Sensible Valuation, Analysis of technical trends, Real economy, Analysis of fundamentals, Cash Flow,
Earnings Revisions and the Natural Life Cycle. All these factors have an influence on the valuation, which is the key driver.