Fact sheet: TM Fulcrum Diversified Core Absolute Return

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.
MIXED ASSET 0-40% EQUITY
Sector
UT Targeted Absolute Return
Fund type
OEIC
Primary aim
GROWTH
Why Money Observer Rates TM Fulcrum Diversified Core Absolute Return

New for 2018. A team-based absolute return approach

This fund sits in the Investment Association's Volatility Managed sector and aims to achieve positive real returns in all market conditions with lower volatility than equity markets. It targets returns of inflation plus 3 to 5 per cent per year over a rolling five-year period.It is an unconstrained portfolio with a large number of holdings across equities, fixed income, currencies, commodities and alternative investment markets ヨ more than 600 at the end of 2017 ヨ making this a solid core holding for cautious investors.Fulcrum Asset Management was founded in 2004 and claims to have one of the industry's longest track records in multi-asset investing. It takes a team-based approach and does not name managers on its funds. It says members of its team have complementary strengths and are supported by a team of more than 20 analysts.

It points to global economic growth of 4.75 per cent at the end of 2017 as being the strongest since 2010. It expects this supportive backdrop to remain in place well into 2018 and, combined with benign inflation and financial conditions, that it should support global stock markets.The managers have increased overall fund risk by adding to existing themes in the fund ヨ global reflation, excessive Brexit pessimism and Japanese recovery ヨ as well as initiating new holdings in emerging markets.Square Mile added this fund to its Academy of Funds with an A rating in 2016. Senior research analyst Amaya Assan likes the 'impressive credentials of the investment team'. Ongoing charges are 0.9 per cent.<\p>

3 Year Performance
Fund Performance-1%
Average of Rated Funds Group15.3%
Sector Performance3.7%
Fund information
Fund name
TM Fulcrum Diversified Core Absolute Return C Acc GBP
Fund manager company
TM Fulcrum Asset Management
Fund type
OEIC
Fund manager
  • TUTMAN LLPsince 27/11/2014
Accolades
Fund objective
TM Fulcrum Diversified Core Absolute Return Fund aims to achieve long-term absolute returns of inflation + 3% to 5% in all market conditions over rolling five year annualised periods, with lower volatility than equity markets. In doing so the Fund aims to achieve a positive return on a rolling three year basis. However, a positive return is not guaranteed and a capital loss may occur. Investors should be aware that the Fund’s capital is in fact at risk and there is no guarantee that these returns will be achieved, whether overrolling five year periods, or any time period.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
4.4%
1 Year rank in sector
16/76
Sector
UT Targeted Absolute Return
Yield
-
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.
0.85%
Fund size
£623m (£636m 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.
40
Mid price
10398
Top in this sector
Fund name1 Year
FP Argnt Abl Rtn27.9%
JPM Gbl Macro Opps22.8%
H2O MultiReturns18.2%
VT WoodhillUKEqStrtg7.2%
VT Tcam Abs Rtn Pfl7.1%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • No data available.
  • No data available.
  • Global Fixed Interest59.7%
    International Equities32.5%
    Alternative Investment Strategies7.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%-1.1%1.9%4.4%-1%-
Sector0%-1.1%-0.4%1.7%3.7%12%
Rank within sector16 / 7936 / 7812 / 7816 / 7650 / 67-
Quartile1st2nd1st1st3rd
Calendar performance
 YTD - 20182017201620152014
Fund1.2%1.9%0.2%2%-
Sector-0.3%3%1%2.2%2.5%
Rank within sector15 / 7850 / 7646 / 7030 / 64-
Quartile1st3rd3rd2nd
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.
-2.13
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.
1.17
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
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%.
3.86
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.
3.3
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.
-0.59
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.
0.28
Price movement
52 week high10605
52 week low9929.7
Current bid price-
Current offer price-
Current mid price10398
Region
No data available.
Industry sector
No data available.
Asset type
1Global Fixed Interest59.7%
2International Equities32.5%
3Alternative Investment Strategies7.8%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
TM Fulcrum Asset Management
Fund type
OEIC
Fund objective
TM Fulcrum Diversified Core Absolute Return Fund aims to achieve long-term absolute returns of inflation + 3% to 5% in all market conditions over rolling five year annualised periods, with lower volatility than equity markets. In doing so the Fund aims to achieve a positive return on a rolling three year basis. However, a positive return is not guaranteed and a capital loss may occur. Investors should be aware that the Fund’s capital is in fact at risk and there is no guarantee that these returns will be achieved, whether overrolling five year periods, or any time period.
Benchmark
  • No Specified Index
Investment style
Absolute Return,Flexible
Investment method
None
Fund manager
NameSinceBiography
TUTMAN LLP27/11/2014
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom
TM Fulcrum Diversified Core Absolute Return A AUD
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMF
TM Fulcrum Diversified Core Absolute Return A CHF
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWME
TM Fulcrum Diversified Core Absolute Return A EUR
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMC
TM Fulcrum Diversified Core Absolute Return A GBP
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMB
TM Fulcrum Diversified Core Absolute Return A USD
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMD
TM Fulcrum Diversified Core Absolute Return B AUD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKWMK
TM Fulcrum Diversified Core Absolute Return B Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price10069
CurrencyEUR
Price updated18/04/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKWMH
TM Fulcrum Diversified Core Absolute Return B CHF
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKWMJ
TM Fulcrum Diversified Core Absolute Return B GBP
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKWMG
TM Fulcrum Diversified Core Absolute Return B Inc EUR
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price10010
CurrencyEUX
Price updated18/04/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMSKI
TM Fulcrum Diversified Core Absolute Return B USD
Initial charge5%
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKWMI
TM Fulcrum Diversified Core Absolute Return C Acc AUD
Initial charge5%
Annual charge0.8%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMU
TM Fulcrum Diversified Core Absolute Return C Acc CHF
Initial charge5%
Annual charge0.8%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMT
TM Fulcrum Diversified Core Absolute Return C Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10023
CurrencyEUX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMR
TM Fulcrum Diversified Core Absolute Return C Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10398
CurrencyGBX
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMQ
TM Fulcrum Diversified Core Absolute Return C Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10713
CurrencyUSD
Price updated18/04/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMS
TM Fulcrum Diversified Core Absolute Return C Inc AUD
Initial charge5%
Annual charge0.8%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWMP
TM Fulcrum Diversified Core Absolute Return C Inc CHF
Initial charge5%
Annual charge0.8%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWMO
TM Fulcrum Diversified Core Absolute Return C Inc EUR
Initial charge5%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10225
CurrencyEUX
Price updated18/04/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWMM
TM Fulcrum Diversified Core Absolute Return C Inc GBP
Initial charge5%
Annual charge0.8%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWML
TM Fulcrum Diversified Core Absolute Return C Inc USD
Initial charge5%
Annual charge0.8%
Min single investment£5,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKWMN
TM Fulcrum Diversified Core Absolute Return D AUD
Initial charge5%
Annual charge-
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMZ
TM Fulcrum Diversified Core Absolute Return D CHF
Initial charge5%
Annual charge-
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMY
TM Fulcrum Diversified Core Absolute Return D EUR
Initial charge5%
Annual charge-
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMW
TM Fulcrum Diversified Core Absolute Return D GBP
Initial charge5%
Annual charge-
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMV
TM Fulcrum Diversified Core Absolute Return D USD
Initial charge5%
Annual charge-
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKWMX
Data provided by

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