Ian lancaster fund performance history to 18-04-2013

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Reliance Asset Management (Malaysia) Sdn. Bhd.

A Reliance Capital Company

Performance Track Record Summary – IJ Lancaster

For illustrative purposes only

Managed Funds 28 Feb 2002 – 18 April 2013

Source: Lipper, FTSE, Legis / Date: 18 April 2013

This document includes performance data for the following funds: 1 - AV-UKIOF - Aviva Investors UK Income Opportunities Fund (OEIC) 2 - INS-UKSFG – INSYNERGY UK Shariah Growth Fund (OEIC) 3 - SB Fund - Stockbridge UK Long-Short Small-Midcap Hedge Fund 4 - WSF-RGSGF – Reliance Global Shariah Growth Fund (OIEC) i-class 5 - WIOF-CPF - China Performance Fund (OIEC) i-class

0

50

100

150

200

250

Feb

-02

Jul-

02

Dec

-02

May

-03

Oct

-03

Mar

-04

Au

g-0

4

Jan

-05

Jun

-05

No

v-0

5

Ap

r-0

6

Sep

-06

Feb

-07

Jul-

07

Dec

-07

May

-08

Oct

-08

Mar

-09

Au

g-0

9

Jan

-10

Jun

-10

No

v-1

0

Ap

r-1

1

Sep

-11

Feb

-12

Jul-

12

Dec

-12

AV-UKIOF INS-UKSGF SB Fund

WSF-RGSGF WIOF-CPF Net WIOF-CPF Gross

All Period Annual Annual Annual Annual

Return Total Absolute Relative IR Sharpe

AV-UKIOF 110.8% 14.3% 4.9% 1.37 1.11

INS-UKSGF 27.3% 23.5% 0.2% 0.00 1.85

SB Fund 30.4% 19.4% 8.7% n/a 2.87

WSF-RGSGF 47.3% 15.5% 2.4% 0.91 1.44

WIOF-CPF Net 6.6% 5.2% 3.4% 0.68 0.64

WIOF-CPF Gross 10.1% 8.8% 7.0% 1.08 1.06

Average 14.5% 4.4% 0.81 1.49

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1 - AV-UKIOF - Aviva Investors UK Income Opportunities Fund (OEIC)

Fund Profile and Performance Overview

The Norwich UK Income Opportunities fund was a sub-fund of the Norwich Union ICVC (OEIC). The fund aimed to achieve a consistently high level of income, with capital growth, through investment in a diversified portfolio of UK equities, principally within small and mid cap indices. The fund transferred to Morley Fund Management in June 2006, and was renamed to the Norwich UK Income Opportunities fund in September 2006. A rigorous and structured investment process combined both fundamental research and a proprietary quantitative analysis and valuation model. The fund was managed by Ian Lancaster over the period February 2002 to September 2007.


Fund Performance 28 Feb 2002 – 28 Sept 2007

Source: Lipper, FTSE extracted as at 12 June 2012

Monthly Analysis 28 Feb 2002 – 28 Sept 2007


Annualised UKIOF Benchmark

Return 14.3% 9.0%

Volatility 12.9% 12.7%

Alpha 5.3%

Relative Return 4.9%

Sharpe 1.11 0.71

IR 0.47

TE 6.9%

Months 67.0 67.0

Years 5.6 5.6

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250

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-02

Au

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Feb

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7

Aviva Inv - UK Income Opportunities TR in GB FTSE All-Share TR

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

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ar-0

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ep-0

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Aviva Inv - UK Income Opportunities TR in GB FTSE All-Share TR

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2 - INS-UKSFG – INSYNERGY UK Shariah Growth Fund (OEIC)


The INSYNERGY UK Shariah Growth fund was launched in October 2008 in partnership with Islamic investment bank Gulf Finance House and INSYNEGY Investment Management. The fund aimed to achieve a consistently high level of capital growth, through investment in a diversified portfolio of Shariah-compliant UK equities. The investment strategy built on and developed the disciplined quantitative analysis and valuation models used by Ian Lancaster whilst managing the Avivia Investors UK Income Opportunities OIEC. The fund was managed by Ian Lancaster, assisted by Paul Bethell for the period October 2008 to November 2009.


Fund Performance 31 Oct 2008 – 27 Nov 2009

Source: Lipper, Standard & Poor’s, the process of closing the fund began on the 1 Nov 2009 before final closure on the 27 Nov 2009. Data extracted as at 12 June 2012

Monthly Analysis 31 Oct 2008 – 27 Nov 2009

Source: Lipper, Standard & Poor’s, the process of closing the fund began on the 1 Nov 2009 before final closure on the 27 Nov 2009. Data extracted as at 12 June 2012

Annualised INS-UKSGF Benchmark

Return 23.5% 23.3%


Alpha 0.2%


Sharpe 1.85 1.66

IR 0.00

Tracking Error 5.0%

Months 12.0 12.0

Years 1.0 1.0

80.0

90.0

100.0

110.0

120.0

130.0

140.0

INS-UKSGF S&P UK Shariah TR (GBP)

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09

INS-UKSGF S&P UK Shariah TR (GBP)

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3 - SB Fund - UK Long-Short Small-Midcap Hedge Fund


The Stockbridge fund targeted capital growth at low levels of volatility. The investment universe, comprising the FTSE 250 and FTSE Small Cap indices, was filtered using a proprietary quantitative model based on an extension of the approach employed in the management of the UK Income Opportunities OEIC. The fund targeted annualised returns of between 10-12 percent via a diversified portfolio of ~50-60 stocks. Market risk was mitigated via short positions, with market exposure averaging ~35 percent of NAV. The fund was managed by Ian Lancaster for the period Sept 2004 to March 2006.


Fund Performance and Statistics 30 Sept 2004 – 31 March 2006


Monthly Analysis 30 Sept 2004 – 31 March 2006

Source: Lipper extracted as at 12 June 2012

Total Return 30.4% 16.4%

Annualised Return 19.4% 10.7%


Excess Return 8.7%

Relative 7.9%

Sharpe 2.9 1.5

Sortino Ratio 5.2 1.6

Annualised Alpha 10.0%

90

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105

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115

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125

130

135

SB Fund 250 / Smallcap 50:50 Mix Beta Net Adj

Performance SB Fund Benchmark

Mthly Return Geo 1.5% 0.8%

-ve Deviation 0.3% 0.5%

Average +ve 1.9% 1.3%

Average -ve -0.7% -1.2%

+ve months 15 15

-ve months 3 3

% +ve months 83% 83%

Max mthly loss -1.0% -1.6%

Months 18.0 18.0

Years 1.5 1.5

-3.0%

-2.0%

-1.0%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

Beta

Alpha

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Stockbridge – UK Long-Short Small-Midcap Hedge Fund

Monthly Gross & Beta Adjusted Net 30 Sept 2004 – 31 March 2006


0%

20%

40%

60%

80%

100%

120%

140%

160%

180%

200%

0%

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30%

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70%

Beta Adj Net Gross (RHS)

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4 - WSF-RGSGF – Reliance Global Shariah Growth Fund (OIEC) i-class


The WSF Reliance Global Shariah Growth Fund aims to achieve long-term capital growth via a portfolio of actively managed Shariah-compliant equities, which may be located in any jurisdiction or in any economic sector and quoted on a Recognised Stock Exchange. The fund applies a disciplined investment methodology called ‘Cognition’. The fund was launched on the 17 August 2010 – this factsheet presents simulated performance data prior to this date. The fund is managed by Ian Lancaster, assisted by Paul Bethell.


Simulated and Actual Fund Performance 31 Jan 1997 – 16 April 2013

Source: Legis, Standard & Poor’s, Reliance Asset Management Malaysia Sdn. Bhd as at 16 April 2013

Actual Fund Performance since Launch 17 August 2010 – 16 April 2013

Source: Legis, Standard & Poor’s, Reliance Asset Management Malaysia Sdn. Bhd., Data as at 16 April 2013

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Jan

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Jan

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RGSGF S&P Developed BMI Shariah USD TR

Annualised RGSGF Benchmark

Return 10.9% 5.9%


Alpha 5.0%


Sharpe 0.66 0.36

IR 1.11

TE 4.2%

Months 195.0 195.0

Years 16.3 16.3

90

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Feb

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RGSGF S&P Developed BMI Shariah USD TR

Annualised RGSGF Benchmark

Return 15.5% 12.7%


Alpha 2.7%


Sharpe 1.44 1.12

IR 0.91

TE 2.4%

Years 2.7 2.7

Key Data

Manager

Shariah Advisor

Focus

Custodian

Benchmark

Inception Date

Bloomberg

SEDOL

Fund Manager

VP Investment

S&P Developed BMI Shariah

Statestreet Trustees

Argyll Inv Services Ltd.

CIMB Islamic Bank Bhd.

Global

17-Aug-10

WLRGSIU GU

B4Q85X3

Ian Lancaster

Paul Bethell

Simulated Actual

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5 - WIOF- CPF – China Performance Fund (OIEC) i-class


The WSF Reliance Global Shariah Growth Fund aims to achieve long-term capital growth via a portfolio of actively managed Shariah-compliant equities within the China and Hong Kong Shariah index. The fund applies a derivation of the disciplined investment methodology called ‘Cognition’. Management of the fund was taken over on 11 May 2012 – this factsheet presents actual performance from this date. The fund is managed by Ian Lancaster, assisted by Paul Bethell.


Actual Fund Performance 11 May 2012 – 18 April 2013


Actual Fund Performance 11 May 2012 – 18 April 2013

‘CPF Gross’ performance has been calculated after adding back the guaranteed annual maximum Total Expense Ratio (TER) of 4.25% on a monthly frequency to the NAV performance. This adjustment serves to better illustrate the underlying performance of the fund.


Key Data

Manager

Shariah Advisor

Focus

Custodian

Benchmark

Inception Date

Bloomberg

SEDOL

Fund Manager

Assistant FM

BMI HK/China Shariah USD

Casa4Funds S.A.

CIMB Islamic Bank Bhd.

China

KBL Europe PB S.A.

11-May-12

WIOCIPI LX

B7V0GG5

Ian Lancaster

Paul Bethell

85

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100

105

110

115

120

May

-12

May

-12

Jun

-12

Jun

-12

Jul-

12

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12

Au

g-1

2

Au

g-1

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Au

g-1

2

Sep

-12

Sep

-12

Oct

-12

Oct

-12

No

v-1

2

No

v-1

2

De

c-1

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De

c-1

2

Jan

-13

Jan

-13

Feb

-13

Feb

-13

Mar

-13

Mar

-13

Mar

-13

Ap

r-1

3CPF Net S&P BMI HK & China Shariah NTR (USD) CPF Gross

Annualised CPF Net CPF Gross Benchmark

Return 5.2% 8.8% 1.7%

Volatility 8.1% 8.3% 10.4%

Alpha 3.5% 7.1%

Relative Return 3.4% 7.0%

Sharpe 0.64 1.06 0.16

IR 0.68 1.08

TE 4.8% 8.3%

Years 0.94 0.94 0.94

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Disclaimer

This presentation has been prepared by Reliance Asset Management (Malaysia) Sdn Bhd (“RAMMy”) and is solely for

information only. It may not be copied, published, circulated, reproduced or distributed in whole or part to any person without

the prior written consent of RAMMy. In preparing this presentation, RAMMy has relied upon and assumed the accuracy and

completeness of all information available from public sources or which was otherwise reviewed by RAMMy. Accordingly, whilst

we have taken all reasonable care to ensure that the information contained in this presentation is not untrue or misleading at

the time of publication, we cannot guarantee its accuracy or completeness and make no representation or warranty (whether

express or implied) and accept no responsibility or liability for its accuracy or completeness. You should not act on the

information contained in this presentation without first independently verifying its contents.

Any opinion, management forecast or estimate contained in this presentation is based on information available as at the date of

this presentation and reflects prevailing conditions and our views as of the date of this presentation, all of which are subject to

change at any time without notice. Such opinions, forecasts and estimates as well as the information contained herein relating to

the historical performance of various indices is for information only and is not indicative of the future or likely performance of an

investment portfolio and should not be construed as such. RAMMy and its related and affiliated corporations together with

their respective directors and officers may have or may take positions in the investments mentioned in this presentation and

may also perform or seek to perform broking and other investment services for the corporations whose securities are mentioned

in this presentation as well as other parties. This presentation is not an offer or solicitation by anyone in any jurisdictions or to

any person to whom or to which it is unlawful to make such an offer or solicitation.

The historical performances presented are not indicative of the future or likely performance of an investment portfolio and

should not be construed as being indicative of or otherwise used as a proxy for future or likely performance of the investment

portfolio. The price of units and distributions payable, if any, may go down as well as up.

Risk Statement These are some of the major risks of investments a potential investor should consider carefully. Our strategy is not intended as a complete investment programme. The risks include but not limited to investment risk, stock specific risk, sector risk, country risk, currency risk, liquidity risk and risk of Shariah non-compliance. There is also a potential conflicts of interest risk: - i) Management

RAMMy provides management services to other clients. The investment strategies employed for other investment funds could conflict with the investment fund/portfolio employing the Strategy outlined in this presentation. This may affect the prices and availability of the investments in which the fund/portfolio using the said Strategy. RAMMy has policies in place where participation in investment opportunities will be allocated on an equitable basis, taking into account such factors as the relative amounts of capital available for new investments, relative exposure to short-term market trends, and the respective investment policies of other investment portfolios.

ii) RAMMy, Custodian, Administrator, Shariah Advisor

RAMMy, its officers, employees or associates, and the Custodian, Administrator and the Shariah Advisor may from time to time provide services to, or be involved with, other investment fund/ portfolios established by parties other than RAMMy which may have similar objectives to those of the investment fund/portfolio employing the said Strategy. As such, it is possible that any of them may, in the course of business, have potential conflicts of interest with the investment fund/portfolio using the Strategy. However, the Custodian, Administrator and Shariah Advisor will, at all times, uphold its obligation to act in the best interests of the investment fund/portfolio and RAMMy will ensure that all such potential conflicts of interest are resolved fairly and in the interests of investors/clients.

Ian lancaster fund performance history to 18-04-2013

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Transcript of Ian lancaster fund performance history to 18-04-2013