Fact sheet: Sarasin Global Higher Dividend

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.
GLOBAL EQUITY INCOME
Sector
UT Global Equity Income
Fund type
OEIC
Primary aim
GROWTH & INCOME
Why Money Observer Rates Sarasin Global Higher Dividend

Rated Fund 2016-2017. Seeking out firms with sustainable earnings growth

Despite several manager changes in recent years, this fund has managed to maintain a good track record. At 3.9 per cent, it also has one of the highest yields in its sector. It is currently co-managed by Guy Davis and Guy Monson.

Monson, who had previously run the fund between 2007 and 2012, returned to its management team in July 2016 when he decided to reduce his other responsibilities at Sarasin in order to focus on his role as chief investment officer. It was Monson who had pioneered the thematic investment approach for global equity portfolios at the firm.

Sarasin's thematic approach is based on identifying global trends and targeting the companies likely to benefit from them. Monson believes that the best way to identify companies with sustainable earnings growth is to start with companies with sustainable sales growth.

The managers do this by looking at long-term trends, such as the consequences of ageing or the inevitable consequences of diet change. Monson explains that these trends may be affected at the margin by the economic cycle, but they will not be derailed by it. That is because they represent secular rather than cyclical growth.

The managers then use corporate themes alongside to distinguish the company traits most likely to lead to consistent and improving cash-backed returns. Financial modelling is used to test financial strength and build a clearer, more in-depth picture of a company's financial health. They believe that this rigorous approach to financial durability helps uncover the right sort of company to invest in.

3 Year Performance
Fund Performance35%
Average of Rated Funds Group41.8%
Sector Performance31.4%
Fund information
Fund name
Sarasin Global Higher Dividend P Acc GBP
Fund manager company
Sarasin Investment Funds Ltd
Fund type
OEIC
Fund managers
  • Guy Monsonsince 13/05/2016
  • Guy Davissince 25/08/2015
Accolades
Fund objective
The Fund seeks to achieve an income of at least 50% higher than the MSCI World Index and long-term capital growth through investment in company shares and their derivatives from across the world.
Benchmark
  • MSCI World Equity Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
3%
1 Year rank in sector
32/48
Sector
UT Global Equity Income
Yield
3.4%
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.
0.98%
Fund size
£405m (£416m 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.
90
Mid price
255.4
Top in this sector
Fund name1 Year
Equitile Resl Fdr26.6%
Aptus Global Financials24.5%
Sarasin Global Dividend (£Hg)10.8%
Sarasin Gbl Hig Div(StgHg)9%
Invesco Perp Global Eq Inc8%
...more in UT Global Equity Income

Performance snapshot

Holdings snapshot

  • North America46.4%
    Europe ex UK23.5%
    UK18.9%
    Pacific ex-Japan6.2%
    Global Emerging Markets5%
  • Financials25.6%
    Industrials12.2%
    Health Care9.8%
    Real Estate9.5%
    Consumer Staples8.7%
  • Equities95.9%
    Money Market2.4%
    Alternative Investment Strategies1.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.8%-1.9%-0.7%3%35%69.7%
Sector-4%-1.3%0.3%4.5%31.4%61.6%
Rank within sector44 / 5336 / 5334 / 5132 / 4818 / 3813 / 29
Quartile4th3rd3rd3rd2nd2nd
Calendar performance
 YTD - 20182017201620152014
Fund-4%10.1%25.8%6.4%12%
Sector-2.8%11%23.1%2.7%6.8%
Rank within sector43 / 5328 / 4821 / 4213 / 375 / 35
Quartile4th3rd2nd2nd1st
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.
1.3
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.
1.02
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.
0.84
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%.
9.83
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.
3
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.
0.49
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.
0.91
Price movement
52 week high270.6
52 week low244.5
Current bid price-
Current offer price-
Current mid price255.4
Region
1North America46.4%
2Europe ex UK23.5%
3UK18.9%
4Pacific ex-Japan6.2%
5Global Emerging Markets5%
Industry sector
1Financials25.6%
2Industrials12.2%
3Health Care9.8%
4Real Estate9.5%
5Consumer Staples8.7%
6Energy8.4%
7Consumer Discretionary6.3%
8Telecommunications Utilities5.5%
9Utilities5.5%
Asset type
1Equities95.9%
2Money Market2.4%
3Alternative Investment Strategies1.7%
Individual holdings
1PRUDENTIAL PLC3.1%
2AIR PRODUCTS & CHEMICALS INC2.9%
3ENEL SPA2.9%
4JPMORGAN CHASE & CO2.9%
5ROYAL DUTCH SHELL2.9%
6TAIWAN SEMICONDUCTOR CO2.9%
7TOTAL SA2.9%
8UNILEVER2.9%
91&1 DRILLISCH AG2.8%
Management
Fund manager group
Sarasin
Fund manager company
Sarasin Investment Funds Ltd
Fund type
OEIC
Fund objective
The Fund seeks to achieve an income of at least 50% higher than the MSCI World Index and long-term capital growth through investment in company shares and their derivatives from across the world.
Benchmark
  • MSCI World Equity Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Guy Monson13/05/2016Guy is portfolio manager focusing on global equities. He co-manages Sarasin’s global equity income strategies for institutional and retail clients. Guy has over 30 years of investment experience and joined the company in 1984. In 1988 he became manager of Sarasin's flagship GlobalSar family of balanced investment funds, winning awards for investment performance and risk profile. Guy has pioneered the use of thematic investment in the management of global equity portfolios and today manages the Sarasin Global Opportunities fund as well as leading the firm’s investment strategy. Guy writes regularly in the international financial press and appears on Bloomberg and other financial channels. Among other responsibilities he is a Trustee of the Invictus Games Foundation, and Chatsworth House, and is a member of the London School of Economics Ideas Board.
Guy Davis25/08/2015Guy is a portfolio manager for the global equity income strategies. Within the global equity team he co manages Sarasin’s Institutional mandates and retail funds. Guy also co-manages a number of large segregated portfolios. Guy joined Sarasin & Partners in January 2011, following a number of years in private client wealth management at Charles Stanley Stockbrokers. Guy is a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Ireland, Jersey
Sarasin Global Higher Dividend A Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price1.675
CurrencyEUR
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG6XY
Sarasin Global Higher Dividend A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price245
CurrencyGBX
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD948
Sarasin Global Higher Dividend A Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price1.588
CurrencyUSD
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHU2
Sarasin Global Higher Dividend A Inc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price1.34
CurrencyEUR
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG6XX
Sarasin Global Higher Dividend A Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price148
CurrencyGBX
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeD947
Sarasin Global Higher Dividend A Inc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.73%
Total expense ratio (TER)1.73%
Bid price-
Offer price-
Mid price1.21
CurrencyUSD
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMHU1
Sarasin Global Higher Dividend F Acc EUR
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price1.719
CurrencyEUR
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSLT
Sarasin Global Higher Dividend F Acc GBP
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price250.5
CurrencyGBX
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSLR
Sarasin Global Higher Dividend F Acc USD
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price1.588
CurrencyUSD
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSLV
Sarasin Global Higher Dividend F Inc EUR
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price1.372
CurrencyEUR
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSLU
Sarasin Global Higher Dividend F Inc GBP
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price153.5
CurrencyGBX
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSLS
Sarasin Global Higher Dividend F Inc USD
Initial charge-
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price1.25
CurrencyUSD
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSLW
Sarasin Global Higher Dividend I Acc EUR
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price1.737
CurrencyEUR
Price updated19/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG6YA
Sarasin Global Higher Dividend I Acc GBP
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price264.4
CurrencyGBX
Price updated19/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD946
Sarasin Global Higher Dividend I Acc USD
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price1.637
CurrencyUSD
Price updated19/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGSLX
Sarasin Global Higher Dividend I Hedged Acc EUR
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price1.843
CurrencyEUR
Price updated19/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMCDQ
Sarasin Global Higher Dividend I Hedged Inc EUR
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price1.756
CurrencyEUR
Price updated19/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMCDR
Sarasin Global Higher Dividend I Inc EUR
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price1.386
CurrencyEUR
Price updated19/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG6XZ
Sarasin Global Higher Dividend I Inc GBP
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price159.3
CurrencyGBX
Price updated19/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeD945
Sarasin Global Higher Dividend I Inc USD
Initial charge-
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price1.222
CurrencyUSD
Price updated19/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGSLY
Sarasin Global Higher Dividend P Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price255.4
CurrencyGBX
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGSLZ
Sarasin Global Higher Dividend P Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price154.4
CurrencyGBX
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGSMA
Sarasin Global Higher Dividend X Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.8
CurrencyEUR
Price updated19/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMCDS
Sarasin Global Higher Dividend X Hedged Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.531
CurrencyEUR
Price updated19/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMCDT
Data provided by

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