CF Octopus Absolute UK Equity

Quick Stats

Fund currency	GBX	Change on day	0.49p	Sector	IMA Absolute Return
Bid price	-	Change on day	0.33 %	Fund Size	£104m 31/07/2010
Mid price	148.28p	Yield	0.72 %	Fund type	UK OEICs
Offer price	-	Unit type	Accumulation	Available as	ISA, PEP
Price date	07:00 01/09/2010	Crown Rating		Launch date	10/03/2008

Fund Objective

To deliver a positive return in all stock market cycles and to outperform the equity market over the same period. It is managed against a cash benchmark, rather than any UK equity index. In order to achieve this investment objective, the fund will invests in derivatives providing both long and short equity positions and will at times also use index futures (long or short) in order to achieve an overall level of market exposure.

Purchase Information

Min. Investment	£1,000
Min. Top-up	£0
Standard Initial Charge	5.00 %
Annual Management Charge	1.50 %
Dividend Dates	Apr 30, Oct 31

Manager Information

Manager name	David Crawford
Manager since	10/03/2008
Manager's biography	David Crawford, aged 34, has 12 years of investment experience. David joined Octopus in 2006 having previously worked at Hermes Investment Management and M&G Investments. Whilst at Hermes David co-managed a £500m portfolio which demonstrated significant out performance of the FTSE Small-Cap and AIM benchmark.
Manager name	Jack Markham
Manager since	01/09/2009
Manager's biography	Jack joined Octopus in 2009 having previously worked at S.A.C. Capital as a trader and Dresdner Kleinwort as a sales trader.

Performance Chart

CF Octopus Absolute UK Equity
IMA Absolute Return

Cumulative Performance

	3 mth	6 mth	1 yr	3 yr	5 yr
Fund	-4.00 %	-16.41 %	-20.77 %	-	-
Sector	0.60 %	0.09 %	3.19 %	7.52 %	22.39 %
Relative to sector	-4.60 %	-16.49 %	-23.96 %	-	-
Rank within sector	44 / 47	47 / 47	39 / 39	-	-
Quartile	4	4	4	-	-

Discrete Performance Last Quarter End

	01/07/2009 - 30/06/2010	01/07/2008 - 30/06/2009	01/07/2007 - 30/06/2008	01/07/2006 - 30/06/2007	01/07/2005 - 30/06/2006
Fund	-15.92 %	39.37 %	-	-	-
Sector	5.74 %	-1.49 %	1.86 %	9.65 %	6.00 %
Relative to sector	-21.66 %	40.86 %	-	-	-
Quartile	4	1	-	-	-

Discrete Performance by Calendar Year

	YTD	2009	2008	2007	2006
Fund	-15.59 %	42.08 %	-	-	-
Sector	1.16 %	8.61 %	-3.60 %	6.56 %	3.99 %
Relative to sector	-16.76 %	33.47 %	-	-	-
Quartile	4	1	-	-	-

Fund Holdings - as at July 31, 2010

Top 10 Holdings		% of Fund
1	VODAFONE GROUP	4.31 %
2	HORIZON ACQUISITION CO PLC	3.79 %
3	GLAXOSMITHKLINE	3.79 %
4	BP	3.54 %
5	INFORMA PLC	3.42 %
6	TRANSOCEAN LTD	3.06 %
7	LLOYDS BANKING GROUP PLC	2.76 %
8	ELECTROLUX AB	-2.83 %
9	RANDGOLD RESOURCES	-3.14 %
10	LANXESS AG	-3.69 %

Sector Weighting - as at July 31, 2010

Sector		% of Fund
1	Others	35.09 %
2	Financial Services	18.34 %
3	Oil & Gas Exploration & Production	10.23 %
4	Mineral Extraction	7.00 %
5	Insurance	6.46 %
6	Travel	6.27 %
7	Pharmaceuticals	5.00 %
8	Media	4.68 %
9	Software	2.35 %
10	Telecommunications	2.32 %
	Others	2.26 %

Region Weighting - as at July 31, 2010

Region		% of Fund
1	UK	100.00 %

Asset Weighting - as at August 31, 2010 (estimated from sector average)

Asset		% of Fund
1	Alternative Investment Strategies	100.00 %