Fact sheet: Argonaut Pan Eur Alp

Fund information
Fund name
Argonaut Pan European Alpha I Inc GBP
Fund manager company
Argonaut Capital Partners
Fund type
Offshore Fund
Fund managers
  • Greg Bennettsince 01/01/2013
  • Barry Norrissince 11/05/2005
Fund objective
To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector.
Benchmark
  • MSCI Pan European
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2.2%
1 Year rank in sector
223/225
Sector
FO Equity - Europe inc UK
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.
1.12%
Fund size
£54m (£173m 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.
104
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC47.7%
EP Pan European Opportunities33.5%
GS Eur CORE Eq Portfolio33.5%
IVI European33.1%
Sparinvest Eurpn Val31.5%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • UK30.1%
    Denmark20.2%
    Germany7.8%
    Norway6.9%
    Spain5.3%
  • Industrials31.4%
    Consumer Staples16.6%
    Financials15.6%
    Consumer Discretionary12.3%
    Materials10.2%
  • UK Equities30.1%
    Danish Equities20.2%
    German Equities7.8%
    Norwegian Equities6.9%
    Spanish Equities5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%5.4%3.7%-2.2%2.5%47.8%
Sector1.8%5.2%9%11.1%19.7%54.6%
Rank within sector196 / 231107 / 234204 / 231223 / 225181 / 196128 / 171
Quartile4th2nd4th4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.9%-9.9%14.9%3.1%32%
Sector4.8%-0.6%11.1%4.2%21.1%
Rank within sector170 / 233220 / 22457 / 205131 / 19416 / 180
Quartile3rd4th2nd3rd1st
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.
-3.33
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.
0.75
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%.
12.62
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.
9.13
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.
-0.5
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.
0.53
Price movement
52 week high2.02
52 week low1.77
Current bid price-
Current offer price-
Current mid price1.94
Region
1UK30.11%
2Denmark20.19%
3Germany7.76%
4Norway6.91%
5Spain5.25%
6USA5.09%
7Switzerland4.28%
8Ireland4.09%
9Russia3.86%
Industry sector
1Industrials31.35%
2Consumer Staples16.62%
3Financials15.61%
4Consumer Discretionary12.25%
5Materials10.18%
6Health Care10.15%
7Telecommunications Utilities2.05%
8Information Technology1.91%
9Money Market-0.12%
Asset type
1UK Equities30.11%
2Danish Equities20.19%
3German Equities7.76%
4Norwegian Equities6.91%
5Spanish Equities5.25%
6US Equities5.09%
7Swiss Equities4.28%
8Irish Equities4.09%
9Russian Equities3.86%
Individual holdings
1VESTAS WIND SYSTEMS8.1%
2LLOYDS BANKING GROUP PLC6%
3VOLKSWAGEN AG4.4%
4NOVO-NORDISK AS4%
5RYANAIR HOLDINGS4%
Management
Fund manager group
Argonaut Capital Partners
Fund manager company
Argonaut Capital Partners
Fund type
Offshore Fund
Fund objective
To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector.
Benchmark
  • MSCI Pan European
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Greg Bennett01/01/2013Greg Bennett is a CFA charter holder and graduated from the University of Natal (South Africa) in 1994 with a BSc. Agricultural Economics. He has over 10 years fund management experience, primarily in the UK equity market as well as US markets. He began his career at Neptune Investment Management in 2002, during which time he managed the US Opportunities and UK Equity funds as well as being Assistant Fund Manager on the Income and Global funds. In 2006 he joined Marlborough Fund Managers where he set up and ran their UK large Cap and UK Income funds. In 2012 he joined Argonaut.
Barry Norris11/05/2005Barry founded Argonaut in 2005 and is the CEO, CIO and lead Fund Manager on the Alpha and Absolute Return funds, which are managed using his distinct “earnings surprise” investment process. In over a decade of successful investing, he has established himself as a leading European equity investor across long only and long/short equity strategies. Norris graduated from Cambridge University in 1996 with an MA in History, and in 1997 with an MPhil in International Relations. He also holds the CFA charter. Following graduation, he joined Baillie Gifford, moving to Neptune in 2002 where he launched and managed the European Opportunities Fund. Barry has managed the Argonaut European Alpha Fund and the Argonaut Pan European Fund since their launch in 2005 and the Argonaut Absolute Return Fund since inception in 2009. He is a regular contributor to the financial media, appearing frequently on Bloomberg TV and CNBC and has had opinion pieces published in the Daily Telegraph and the Financial Times.
Compliance
Transparent for Austrian Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Sweden, United Arab Emirates
Argonaut Pan European Alpha A Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price1.344
CurrencyEUR
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeR160
Argonaut Pan European Alpha A Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.79%
Bid price-
Offer price-
Mid price1.529
CurrencyGBP
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCGU1
Argonaut Pan European Alpha A Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.068
CurrencyUSD
Price updated23/09/2013
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJMNG
Argonaut Pan European Alpha A Inc EUR
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price1.296
CurrencyEUR
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeR162
Argonaut Pan European Alpha A Inc GBP
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.8%
Bid price-
Offer price-
Mid price1.552
CurrencyGBP
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeR161
Argonaut Pan European Alpha A Inc USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCGU3
Argonaut Pan European Alpha I Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price1.78
CurrencyEUR
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeQS07
Argonaut Pan European Alpha I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCGU4
Argonaut Pan European Alpha I Acc USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCGU5
Argonaut Pan European Alpha I Inc EUR
Initial charge5%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.06%
Bid price-
Offer price-
Mid price1.333
CurrencyEUR
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBWV6
Argonaut Pan European Alpha I Inc GBP
Initial charge5%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price1.939
CurrencyGBP
Price updated21/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQS06
Argonaut Pan European Alpha I Inc USD
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.12%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCGU6
Argonaut Pan European Alpha X Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)11.29%
Bid price-
Offer price-
Mid price1.551
CurrencyEUR
Price updated21/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKRE0
Data provided by

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