Fact sheet: Cavendish European

Fund information
Fund name
Cavendish European B Inc
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund manager
  • Caroline Vincentsince 14/05/2009
Fund objective
The objective of the European Fund is to achieve long term capital growth.
Benchmark
  • FTSE All World Europe ex UK
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
17.3%
1 Year rank in sector
16/97
Sector
UT Europe Excluding UK
Yield
0.9%
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.
0.86%
Fund size
£70m (£59m 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.
105
Mid price
166
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap32%
Neptune European Opps28.3%
Invesco Perp European Equity21.7%
Schroder Eurpn Alpha Plus21.7%
Liontrust European Growth21.1%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Others21.5%
    France16.8%
    Germany15.1%
    Switzerland10.7%
    Netherlands8.9%
  • Consumer Discretionary26%
    Industrials12.5%
    Financials12.3%
    Materials12.2%
    Technology8.2%
  • International Equities21.5%
    French Equities16.8%
    German Equities15.1%
    Swiss Equities10.7%
    Dutch Equities8.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%0.8%12.4%17.3%21.4%78.5%
Sector-0.9%0.2%9.5%12.9%25.3%80.3%
Rank within sector51 / 10140 / 10012 / 9916 / 9773 / 8737 / 79
Quartile3rd2nd1st1st4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund16.4%11.3%-8.1%26.5%21.7%
Sector11.5%9.1%-0.7%27.3%19.2%
Rank within sector14 / 9826 / 9184 / 8736 / 8127 / 79
Quartile1st2nd4th2nd2nd
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.
-1.34
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.
1.09
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.
0.14
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%.
12.75
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.
5.02
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.
-0.19
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.
0.85
Price movement
52 week high176.6
52 week low126.6
Current bid price-
Current offer price-
Current mid price166
Region
1Others21.5%
2France16.8%
3Germany15.1%
4Switzerland10.7%
5Netherlands8.9%
6Ireland8.7%
7Denmark4.8%
8Norway4.8%
9Italy4.4%
Industry sector
1Consumer Discretionary26%
2Industrials12.5%
3Financials12.3%
4Materials12.2%
5Technology8.2%
6Consumer Staples6.6%
7Energy6.6%
8Communications5.7%
9Health Care5.6%
Asset type
1International Equities21.5%
2French Equities16.8%
3German Equities15.1%
4Swiss Equities10.7%
5Dutch Equities8.9%
6Irish Equities8.7%
7Danish Equities4.8%
8Norwegian Equities4.8%
9Italian Equities4.4%
Individual holdings
1KINGSPAN GROUP ORD EUR0.12.9%
2LOGITECH INTERNATIONAL SA2%
3DANSKE BANK A/S1.9%
4LONZA GROUP AG1.9%
5CORBION NV1.8%
6GEBERIT AG1.8%
7KION GROUP AG1.8%
8AIRBUS GROUP SE1.7%
9BAYER AG1.7%
Management
Fund manager group
Cavendish Asset Management
Fund manager company
Cavendish Asset Management
Fund type
OEIC
Fund objective
The objective of the European Fund is to achieve long term capital growth.
Benchmark
  • FTSE All World Europe ex UK
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Caroline Vincent14/05/2009Caroline Vincent has 23 years of industry experience, 19 of which being gained with Cavendish. An economics graduate, Caroline joined Prudential Portfolio Managers in 1994 where she worked on their European desk assisting in the management of institutional funds. Caroline became a Fund Manager in 1999 and specialises in European equities. Caroline has been the manager of the European Fund since launch in 2009
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Cavendish European A Acc
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeETV9
Cavendish European A Inc
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,500
Available in ISAYes
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price164.4
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeETV8
Cavendish European B Acc
Initial charge5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeETV7
Cavendish European B Inc
Initial charge5%
Annual charge0.75%
Min single investment£100,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price166
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeETV6
Data provided by

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