Guardian Managed Acc

SUMMARY



Fund Overview
Fund Type UK Insurance Funds
Unit Type Accumulation
Status UK Insurances
Sector Balanced Managed
Launch Date -
Currency Sterling (GBP)
Domicile Great Britain
ISIN GB0003940607
SEDOL 0394060
MEXID GRMA
Investing in the Fund
Initial Charge -
Annual Charge
Exit Charge -
Min. Initial Investment -
Min. Additional Investment -
Min. Regular Investment -
UK ISA no
CAT Standard no
UK PEP no
   
Fund NameMEXIDPrimary Fund
Full tearsheet availableGuardian Managed Pens AccGRPMA
 
Contact Information  
 
Fund Management Group Guardian Website -
Fund Management Company Guardian (Ins) Email -
Fund Manager - Telephone +44 014 7320 5832
Fax +44 01473 210 890
 

PERFORMANCE

Guardian Managed Acc 25.69%Guardian Managed Acc 25.69%Guardian Managed Acc 24.71%Guardian Managed Acc 25.05%Guardian Managed Acc 22.09%Guardian Managed Acc 20.16%Guardian Managed Acc 22.41%Guardian Managed Acc 25.71%Guardian Managed Acc 24.78%Guardian Managed Acc 26.33%Guardian Managed Acc 27.73%Guardian Managed Acc 25.97%Guardian Managed Acc 24.34%Guardian Managed Acc 22.47%Guardian Managed Acc 23.85%Guardian Managed Acc 23.98%Guardian Managed Acc 24.19%Guardian Managed Acc 23.09%Guardian Managed Acc 21.06%Guardian Managed Acc 19.3%Guardian Managed Acc 18.11%Guardian Managed Acc 19.21%Guardian Managed Acc 18.95%Guardian Managed Acc 16.73%Guardian Managed Acc 14.54%Guardian Managed Acc 16.41%Guardian Managed Acc 15.03%Guardian Managed Acc 13.91%Guardian Managed Acc 13.28%Guardian Managed Acc 11.74%Guardian Managed Acc 11.83%Guardian Managed Acc 10.13%Guardian Managed Acc 8.85%Guardian Managed Acc 5.69%Guardian Managed Acc 4.31%Guardian Managed Acc 5.24%Guardian Managed Acc 6.45%Guardian Managed Acc 5.97%Guardian Managed Acc 4.51%Guardian Managed Acc 6.17%Guardian Managed Acc 6.59%Guardian Managed Acc 8.72%Guardian Managed Acc 8.31%Guardian Managed Acc 7.86%Guardian Managed Acc 7.96%Guardian Managed Acc 7.61%Guardian Managed Acc 6.96%Guardian Managed Acc 8.94%Guardian Managed Acc 7.35%Guardian Managed Acc 8.76%Guardian Managed Acc 9.11%Guardian Managed Acc 5.11%Guardian Managed Acc 3.6%Guardian Managed Acc 3.65%Guardian Managed Acc 1.32%Guardian Managed Acc 3%Guardian Managed Acc 0.6%Guardian Managed Acc 0.6%Guardian Managed Acc 2.53%Guardian Managed Acc -0.22%Guardian Managed Acc 1.13%Guardian Managed Acc 0.01%Guardian Managed Acc -0.53%Guardian Managed Acc -1.1%Guardian Managed Acc -2.88%Guardian Managed Acc -5.68%Guardian Managed Acc -5.4%Guardian Managed Acc -2.02%Guardian Managed Acc -2.77%Guardian Managed Acc -0.35%Guardian Managed Acc 3.5%Guardian Managed Acc 4.03%Guardian Managed Acc 3.87%Guardian Managed Acc 3.34%Guardian Managed Acc 3.36%Guardian Managed Acc 4.45%Guardian Managed Acc 3.88%Guardian Managed Acc 4.34%Guardian Managed Acc 3.98%Guardian Managed Acc 8.08%Guardian Managed Acc 10.35%Guardian Managed Acc 9.49%Guardian Managed Acc 7.73%Guardian Managed Acc 5.08%Guardian Managed Acc 5.87%Guardian Managed Acc 5.58%Guardian Managed Acc 2.82%Guardian Managed Acc 5.06%Guardian Managed Acc 1.55%Guardian Managed Acc 0.46%Guardian Managed Acc 1.51%Guardian Managed Acc -2.78%Guardian Managed Acc 0%Fund Composite Benchmark 41.52%Fund Composite Benchmark 42.02%Fund Composite Benchmark 42.32%Fund Composite Benchmark 42.11%Fund Composite Benchmark 38.94%Fund Composite Benchmark 36.19%Fund Composite Benchmark 36.65%Fund Composite Benchmark 40.21%Fund Composite Benchmark 41.27%Fund Composite Benchmark 41.11%Fund Composite Benchmark 42.46%Fund Composite Benchmark 40.23%Fund Composite Benchmark 39.05%Fund Composite Benchmark 35.57%Fund Composite Benchmark 39.3%Fund Composite Benchmark 37.91%Fund Composite Benchmark 39.79%Fund Composite Benchmark 39.09%Fund Composite Benchmark 36.8%Fund Composite Benchmark 34.89%Fund Composite Benchmark 32.51%Fund Composite Benchmark 33.65%Fund Composite Benchmark 33.04%Fund Composite Benchmark 32.39%Fund Composite Benchmark 28.9%Fund Composite Benchmark 29.73%Fund Composite Benchmark 28.1%Fund Composite Benchmark 29.45%Fund Composite Benchmark 28.17%Fund Composite Benchmark 26.23%Fund Composite Benchmark 25.04%Fund Composite Benchmark 23.06%Fund Composite Benchmark 20.67%Fund Composite Benchmark 17.12%Fund Composite Benchmark 14.61%Fund Composite Benchmark 16.37%Fund Composite Benchmark 17.13%Fund Composite Benchmark 17.78%Fund Composite Benchmark 17.58%Fund Composite Benchmark 18.87%Fund Composite Benchmark 18.58%Fund Composite Benchmark 21.53%Fund Composite Benchmark 20.49%Fund Composite Benchmark 20.6%Fund Composite Benchmark 20.11%Fund Composite Benchmark 19.36%Fund Composite Benchmark 18.23%Fund Composite Benchmark 20.23%Fund Composite Benchmark 17.2%Fund Composite Benchmark 19.25%Fund Composite Benchmark 17.68%Fund Composite Benchmark 14.71%Fund Composite Benchmark 13.4%Fund Composite Benchmark 12.69%Fund Composite Benchmark 9.1%Fund Composite Benchmark 11.6%Fund Composite Benchmark 9.38%Fund Composite Benchmark 9.17%Fund Composite Benchmark 9.16%Fund Composite Benchmark 6.47%Fund Composite Benchmark 5.7%Fund Composite Benchmark 5.71%Fund Composite Benchmark 3.49%Fund Composite Benchmark 2.67%Fund Composite Benchmark -0.15%Fund Composite Benchmark -5%Fund Composite Benchmark -2.8%Fund Composite Benchmark 0.55%Fund Composite Benchmark 0.99%Fund Composite Benchmark 2.2%Fund Composite Benchmark 8.02%Fund Composite Benchmark 9.12%Fund Composite Benchmark 11.15%Fund Composite Benchmark 9.12%Fund Composite Benchmark 7.58%Fund Composite Benchmark 8.63%Fund Composite Benchmark 5.62%Fund Composite Benchmark 7.95%Fund Composite Benchmark 8.08%Fund Composite Benchmark 15.23%Fund Composite Benchmark 16.66%Fund Composite Benchmark 17.65%Fund Composite Benchmark 14.19%Fund Composite Benchmark 10.99%Fund Composite Benchmark 11.22%Fund Composite Benchmark 13.28%Fund Composite Benchmark 10.65%Fund Composite Benchmark 12.45%Fund Composite Benchmark 5.95%Fund Composite Benchmark 6.76%Fund Composite Benchmark 10.47%Fund Composite Benchmark 6.66%Fund Composite Benchmark 0%
 
COMPARE WITH  
  Add a sector benchmark and/or a market index to the chart above.  
 
  Sector  
  Market Index  
  Timeframe:  

  The Breakdown  
   
 
CUMULATIVE PERFORMANCE Performance to: 20/11/2009
% Return 1 MTD 3 MTD 6 MTD 1 Year 3 Year 5 Year YTD
Guardian Managed Acc -0.92 +8.25 +15.52 +25.69 0.00 +30.00 +15.83

DISCRETE CALENDAR YEAR PERFORMANCE
% Return 2004 2005 2006 2007 2008
Guardian Managed Acc +9.17 +18.77 +9.51 +6.16 -19.43

DISCRETE QUARTERLY ONE YEAR PERFORMANCE
% Return 30/09/04 to 30/09/05 30/09/05 to 30/09/06 30/09/06 to 30/09/07 30/09/07 to 30/09/08 30/09/08 to 30/09/09
Guardian Managed Acc +19.29 +10.22 +9.36 -17.05 +12.54

HISTORY

  Guardian Managed Acc 1,330.58 11-2009Guardian Managed Acc 1,330.58 11-2009Guardian Managed Acc 1,330.58 11-2009Guardian Managed Acc 1,337.79 11-2009Guardian Managed Acc 1,334.41 11-2009Guardian Managed Acc 1,320.16 11-2009Guardian Managed Acc 1,320.16 11-2009Guardian Managed Acc 1,323.82 11-2009Guardian Managed Acc 1,303.89 11-2009Guardian Managed Acc 1,292.5 11-2009Guardian Managed Acc 1,292.5 11-2009Guardian Managed Acc 1,282.51 11-2009Guardian Managed Acc 1,283.97 11-2009Guardian Managed Acc 1,295.82 11-2009Guardian Managed Acc 1,295.82 10-2009Guardian Managed Acc 1,281.66 10-2009Guardian Managed Acc 1,299.63 10-2009Guardian Managed Acc 1,330.81 10-2009Guardian Managed Acc 1,335.45 10-2009Guardian Managed Acc 1,335.45 10-2009Guardian Managed Acc 1,323.61 10-2009Guardian Managed Acc 1,340.55 10-2009Guardian Managed Acc 1,337.36 10-2009Guardian Managed Acc 1,337.36 10-2009Guardian Managed Acc 1,352.15 10-2009Guardian Managed Acc 1,347.73 10-2009Guardian Managed Acc 1,333.56 10-2009Guardian Managed Acc 1,326.75 10-2009Guardian Managed Acc 1,325.57 10-2009Guardian Managed Acc 1,316.26 10-2009Guardian Managed Acc 1,293.74 10-2009Guardian Managed Acc 1,296.48 10-2009Guardian Managed Acc 1,296.48 10-2009Guardian Managed Acc 1,313.04 10-2009Guardian Managed Acc 1,320.15 09-2009Guardian Managed Acc 1,311.06 09-2009Guardian Managed Acc 1,310.11 09-2009Guardian Managed Acc 1,312.42 09-2009Guardian Managed Acc 1,309.97 09-2009Guardian Managed Acc 1,311.02 09-2009Guardian Managed Acc 1,314.64 09-2009Guardian Managed Acc 1,309.4 09-2009Guardian Managed Acc 1,303 09-2009Guardian Managed Acc 1,285.86 09-2009Guardian Managed Acc 1,281.28 09-2009Guardian Managed Acc 1,281.6 09-2009Guardian Managed Acc 1,281.6 09-2009Guardian Managed Acc 1,268.85 09-2009Guardian Managed Acc 1,262.88 09-2009Guardian Managed Acc 1,257.36 09-2009Guardian Managed Acc 1,250.36 09-2009Guardian Managed Acc 1,241.29 09-2009Guardian Managed Acc 1,258 09-2009Guardian Managed Acc 1,261.93 08-2009Guardian Managed Acc 1,261.93 08-2009Guardian Managed Acc 1,259.22 08-2009Guardian Managed Acc 1,255.88 08-2009Guardian Managed Acc 1,251.5 08-2009Guardian Managed Acc 1,235.76 08-2009Guardian Managed Acc 1,235.76 08-2009Guardian Managed Acc 1,229.12 08-2009Guardian Managed Acc 1,212.46 08-2009Guardian Managed Acc 1,211.82 08-2009Guardian Managed Acc 1,232.36 08-2009Guardian Managed Acc 1,232.36 08-2009Guardian Managed Acc 1,225.52 08-2009Guardian Managed Acc 1,217.75 08-2009Guardian Managed Acc 1,216.78 08-2009Guardian Managed Acc 1,205.83 08-2009Guardian Managed Acc 1,205.83 08-2009Guardian Managed Acc 1,205.33 08-2009Guardian Managed Acc 1,195.83 08-2009Guardian Managed Acc 1,191.4 08-2009Guardian Managed Acc 1,191.4 07-2009Guardian Managed Acc 1,182.87 07-2009Guardian Managed Acc 1,183.33 07-2009Guardian Managed Acc 1,183.86 07-2009Guardian Managed Acc 1,183.86 07-2009Guardian Managed Acc 1,165.88 07-2009Guardian Managed Acc 1,164.56 07-2009Guardian Managed Acc 1,152.29 07-2009Guardian Managed Acc 1,152.29 07-2009Guardian Managed Acc 1,130.44 07-2009Guardian Managed Acc 1,118.84 07-2009Guardian Managed Acc 1,104.23 07-2009Guardian Managed Acc 1,104.23 07-2009Guardian Managed Acc 1,113.87 07-2009Guardian Managed Acc 1,114.13 07-2009Guardian Managed Acc 1,116.96 07-2009Guardian Managed Acc 1,116.96 07-2009Guardian Managed Acc 1,127.68 07-2009Guardian Managed Acc 1,121.08 06-2009Guardian Managed Acc 1,121.78 06-2009Guardian Managed Acc 1,121.78 06-2009Guardian Managed Acc 1,106.39 06-2009Guardian Managed Acc 1,116.92 06-2009Guardian Managed Acc 1,123.88 06-2009Guardian Managed Acc 1,123.88 06-2009Guardian Managed Acc 1,122.7 06-2009Guardian Managed Acc 1,128.38 06-2009Guardian Managed Acc 1,139.55 06-2009Guardian Managed Acc 1,150.96 06-2009Guardian Managed Acc 1,150.96 06-2009Guardian Managed Acc 1,157.17 06-2009Guardian Managed Acc 1,146.53 06-2009Guardian Managed Acc 1,154.31 06-2009Guardian Managed Acc 1,154.31 06-2009Guardian Managed Acc 1,143.07 06-2009Guardian Managed Acc 1,149.59 06-2009Guardian Managed Acc 1,142.92 05-2009Guardian Managed Acc 1,142.92 05-2009Guardian Managed Acc 1,127.85 05-2009Guardian Managed Acc 1,139.21 05-2009Guardian Managed Acc 1,132.25 05-2009Guardian Managed Acc 1,132.25 05-2009Guardian Managed Acc 1,138.2 05-2009Guardian Managed Acc 1,153.23 05-2009Guardian Managed Acc 1,133.75 05-2009Guardian Managed Acc 1,136.4 05-2009Guardian Managed Acc 1,129.02 05-2009Guardian Managed Acc 1,143.07 05-2009Guardian Managed Acc 1,151.29 05-2009Guardian Managed Acc 1,150.92 05-2009Guardian Managed Acc 1,155.08 05-2009Guardian Managed Acc 1,135.33 05-2009Guardian Managed Acc 1,112.73 05-2009Guardian Managed Acc 1,112.73 05-2009Guardian Managed Acc 1,118.57 04-2009Guardian Managed Acc 1,089.42 04-2009Guardian Managed Acc 1,098.59 04-2009Guardian Managed Acc 1,097.2 04-2009Guardian Managed Acc 1,085.61 04-2009Guardian Managed Acc 1,072.61 04-2009Guardian Managed Acc 1,090.39 04-2009Guardian Managed Acc 1,090.39 04-2009Guardian Managed Acc 1,077 04-2009Guardian Managed Acc 1,064.96 04-2009Guardian Managed Acc 1,064.96 04-2009Guardian Managed Acc 1,064.96 04-2009Guardian Managed Acc 1,064.96 04-2009Guardian Managed Acc 1,059.96 04-2009Guardian Managed Acc 1,073.89 04-2009Guardian Managed Acc 1,085.41 04-2009Guardian Managed Acc 1,079.6 04-2009Guardian Managed Acc 1,079.6 04-2009Guardian Managed Acc 1,052.08 03-2009Guardian Managed Acc 1,052.66 03-2009Guardian Managed Acc 1,070.52 03-2009Guardian Managed Acc 1,070.52 03-2009Guardian Managed Acc 1,060.6 03-2009Guardian Managed Acc 1,058.7 03-2009Guardian Managed Acc 1,053.04 03-2009Guardian Managed Acc 1,053.04 03-2009Guardian Managed Acc 1,056.89 03-2009Guardian Managed Acc 1,047.07 03-2009Guardian Managed Acc 1,043.33 03-2009Guardian Managed Acc 1,043.33 03-2009Guardian Managed Acc 1,025.6 03-2009Guardian Managed Acc 1,002.29 03-2009Guardian Managed Acc 998.51 03-2009Guardian Managed Acc 998.51 03-2009Guardian Managed Acc 1,001.41 03-2009Guardian Managed Acc 1,001.33 03-2009Guardian Managed Acc 1,013.47 03-2009Guardian Managed Acc 1,037.18 03-2009Guardian Managed Acc 1,037.18 02-2009Guardian Managed Acc 1,041.32 02-2009Guardian Managed Acc 1,042.9 02-2009Guardian Managed Acc 1,054.89 02-2009Guardian Managed Acc 1,054.89 02-2009Guardian Managed Acc 1,069.6 02-2009Guardian Managed Acc 1,076.12 02-2009Guardian Managed Acc 1,095.61 02-2009Guardian Managed Acc 1,100.78 02-2009Guardian Managed Acc 1,100.78 02-2009Guardian Managed Acc 1,098.23 02-2009Guardian Managed Acc 1,097.57 02-2009Guardian Managed Acc 1,099.59 02-2009Guardian Managed Acc 1,099.59 02-2009Guardian Managed Acc 1,093.96 02-2009Guardian Managed Acc 1,083.26 02-2009Guardian Managed Acc 1,094.21 01-2009Guardian Managed Acc 1,094.21 01-2009Guardian Managed Acc 1,116.06 01-2009Guardian Managed Acc 1,098.2 01-2009Guardian Managed Acc 1,099.69 01-2009Guardian Managed Acc 1,109.2 01-2009Guardian Managed Acc 1,095.18 01-2009Guardian Managed Acc 1,104.51 01-2009Guardian Managed Acc 1,106.68 01-2009Guardian Managed Acc 1,100.71 01-2009Guardian Managed Acc 1,127.06 01-2009Guardian Managed Acc 1,140.53 01-2009Guardian Managed Acc 1,144.16 01-2009Guardian Managed Acc 1,139.72 01-2009Guardian Managed Acc 1,168.14 01-2009Guardian Managed Acc 1,169.61 01-2009Guardian Managed Acc 1,159.11 01-2009Guardian Managed Acc 1,148.7 01-2009Guardian Managed Acc 1,140.41 12-2008Guardian Managed Acc 1,136.42 12-2008Guardian Managed Acc 1,112.35 12-2008Guardian Managed Acc 1,112.35 12-2008Guardian Managed Acc 1,117.79 12-2008Guardian Managed Acc 1,120.7 12-2008Guardian Managed Acc 1,109.58 12-2008Guardian Managed Acc 1,117.69 12-2008Guardian Managed Acc 1,098 12-2008Guardian Managed Acc 1,104.81 12-2008Guardian Managed Acc 1,088.45 12-2008Guardian Managed Acc 1,088.45 12-2008Guardian Managed Acc 1,115.44 12-2008Guardian Managed Acc 1,106.86 12-2008Guardian Managed Acc 1,075 12-2008Guardian Managed Acc 1,075 12-2008Guardian Managed Acc 1,092.8 12-2008Guardian Managed Acc 1,063.51 12-2008Guardian Managed Acc 1,074.86 11-2008Guardian Managed Acc 1,074.6 11-2008Guardian Managed Acc 1,074.6 11-2008Guardian Managed Acc 1,055.14 11-2008Guardian Managed Acc 1,029.18 11-2008Guardian Managed Acc 1,029.18 11-2008Guardian Managed Acc 1,015.43 11-2008Guardian Managed Acc 1,015.43 11-2008Guardian Managed Acc 1,058.61 11-2008
      *Offer price is graphed
 
  Price History  
     
 
Start Date:   
End Date:   
   
19/11/200819/11/2009% ChangeChange
Bid (GBX)1005.681264.05+25.69+258.37
Offer (GBX)1058.611330.58+25.69+271.97
 
  Dividend History  
     
 
This fund has no dividends to display.

RATINGS
S&P Fund Management Ratings
-




Timeframe 3YR 5YR 10YR Overall
Total Return
Consistent Return
Preservation
Expense

Lipper Graphic
October 2009


Star Rating 3YR % 5YR % Career %
Fund Rating
Fund Manager MRI n/a - - -
Best Invest Key



Morningstar Rating Morningstar Category
- -

NEWS

  Fund News  
 No fund news to display. 

  Company And Group News  
 Guardian to launch Pibs fund
London-based Guardian Managers is launching what is believed to be the first fund focusing exclusively on securities issued by the UK's 53 remaining building societies....
02/08/2009
 

ASSETS AND HOLDINGS

  Fund Size -
   
TOP 10 HOLDINGS
No top ten information available.
ASSET ALLOCATIONS
No asset allocation information available.

RISK

 
Guardian Managed Acc 0.203 10-2009Guardian Managed Acc 0.622 09-2009Guardian Managed Acc 0.253 08-2009Guardian Managed Acc -0.1 07-2009Guardian Managed Acc -0.168 06-2009Guardian Managed Acc -0.289 05-2009Guardian Managed Acc -0.072 04-2009Guardian Managed Acc -0.401 03-2009Guardian Managed Acc -0.083 02-2009Guardian Managed Acc 0.452 01-2009

 
  Stat Time Period
 
  Risk Indicators  
  Risk indicators are intended to help understand the risk vs potential reward of investing in the fund. The quartile column next to each statistic indicates the funds performance on this factor relative to comparible funds over the same time period. Quartile 1 indicates top 25% performance. Please note, the quartile column is not displayed for Exchange Traded Funds.  
  Time Period Benchmark or Sector used:  Fund Composite Benchmark
  Tracking Error
 
+1.82
value 		2
quartile
Tracking error indicates the difference between the return of the fund and that of the benchmark it was meant to track or beat. A Low tracking error means a fund is closely tracking its benchmark while a high tracking errors indicates the opposite.

As a general rule, the tracking error for passively managed funds, such as index funds, should be as low as possible. Actively managed funds usually seek to beat its benchmark. In these cases, the investor generally seeks to maximize tracking error. A high tracking error might also indicate that the fund should be measured against a more appropriate benchmark.
 
  R Squared
 
+0.62
value 		3
quartile
The R-squared of a fund indicates if the fund is being compared to an appropriate benchmark. R-squared describes the portion of a funds performance that is explained by movements in the market benchmark. R-squared can help an investor assess the usefulness of a fund’s beta or alpha statistics. For example, the higher the R-squared value the more you can trust the fund’s alpha and beta statistics. The R-squared value varies from 0 to 1 and values greater than 0.85 are often considered high while a value less than 0.70 would be considered low.
 
  Alpha
 
+0.05
value 		1
quartile
Alpha is the amount by which an investment’s actual return exceeds or falls short of its expected return given its level of risk (beta). A positive alpha indicates that an investment has performed better than expected given its beta; whereas, a negative alpha indicates poorer performance.

For instance, with an R-squared value we can trust, an alpha of 1.2 infers that a fund is projected to increase 20% when the fund’s "beta" is zero.
 
  Beta
 
+0.52
value 		3
quartile
Beta measures how much a fund is likely to move with the general market. Assuming a high R-squared value beta can be used to predict the fund’s expected return: When the beta of the fund is 0.6, the value of the fund rises by on average 0.6% when the benchmark index rises by 1%. Correspondingly, when the benchmark index falls by 1%, the value of the fund falls on average by 0.6%.
 
  Sharpe
 
+0.20
value 		2
quartile
The Sharpe ratio is a performance figure which has been adjusted for the risk the fund has taken to achieve it’s actual performance i.e. it reveals the risk/return efficiency of a fund. With this ratio we can compare funds with similar risk characteristics to identify the most efficient portfolio. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance. Sharpe ratio should only be used when comparing funds in a common peer group.

When stock markets perform poorly, most equity funds will exhibit negative Sharpe ratios. Ranking negative Sharpe ratios can be misleading since a smaller negative is a larger number. This can lead to results that are ambiguous and logically backwards. Therefore we don’t display Sharpe ratios or include them in the Quartile ranking when the ratio is negative.
 
  Information Ratio
 
-0.14
value 		2
quartile
The information ratio can be used as a measurement of the active investment manager’s skill. The fund with the higher information ratio has earned more value added per unit of departure from the benchmark. A ratio of 0.5 is considered a satisfactory measure while a negative value indicates that the fund underperformed its benchmark.
 
  Volatility
 
+1.93
value 		2
quartile
Volatility (standard deviation) refers to the amount of uncertainty about the size of changes in funds value. A higher volatility means that the price of the fund can change dramatically in either direction in short time. A lower volatility indicates that the funds value does not fluctuate dramatically.

For example, for a fund with a volatility figure of 2% and a mean annual return of 5%, you would expect the return to be between 3% and 7% about 68% of the time, and between 1% and 9% about 95% of the time.