Fact sheet: Davy Disc Eq

Fund information
Fund name
Davy Discovery Equity B Acc EUR
Fund manager company
Davy Asset Management
Fund type
OEIC
Fund managers
  • Jeremy Humphriessince 16/11/2015
  • Chantal Brennansince 01/05/2015
Fund objective
The investment objective of the Davy Discovery Fund is to achieve long-term capital growth by investing in a diversified portfolio of small and medium sized companies which demonstrate growth potential coupled with quality characteristics. Investing during the early stage of a company’s life cycle can lead to attractive earnings growth which in turn is reflected in higher than average returns.
Benchmark
  • MSCI World SMID
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
18.4%
1 Year rank in sector
140/475
Sector
FO Equity - International
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.
1.57%
Fund size
£15m (£15m 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.
101
Top in this sector
Fund name1 Year
Dodge & Cox Gbl Stk43.8%
Heptagon Kprnk GblAlCpEq41.4%
T. Rowe Price GblFcsGrEq36.7%
RWC Global Horizon36.5%
SKAGEN Focus34.8%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • North America48.8%
    Eurozone19.9%
    UK12.4%
    Europe7%
    Japan6%
  • Information Technology23.3%
    Consumer Discretionary23.1%
    Industrials20%
    Financials13.4%
    Consumer Staples7.9%
  • North American Equities48.8%
    Eurozone Equity 19.9%
    UK Equities12.4%
    European Equities7%
    Japanese Equities6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%5.6%9.8%18.4%48.4%84.8%
Sector-0.1%4.6%6.8%14.8%20.9%50.7%
Rank within sector414 / 511181 / 508118 / 497140 / 47559 / 38745 / 290
Quartile4th2nd1st2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund6.1%8.9%13.1%13.9%20%
Sector4.9%7.9%0.7%6%21.3%
Rank within sector154 / 507166 / 46727 / 41681 / 373220 / 328
Quartile2nd2nd1st1st3rd
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.
7.23
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.
1.08
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.
0.85
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%.
12.27
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.
7.26
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.
1.01
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.
0.65
Price movement
52 week high235.73
52 week low188.09
Current bid price-
Current offer price-
Current mid price230.71
Region
1North America48.8%
2Eurozone19.9%
3UK12.4%
4Europe7%
5Japan6%
6Asia Pacific ex Japan5.9%
Industry sector
1Information Technology23.3%
2Consumer Discretionary23.1%
3Industrials20%
4Financials13.4%
5Consumer Staples7.9%
6Health Care5.5%
7Utilities2.7%
8Energy2.3%
9Materials1.8%
Asset type
1North American Equities48.8%
2Eurozone Equity 19.9%
3UK Equities12.4%
4European Equities7%
5Japanese Equities6%
6Asia Pacific ex Japan Equities5.9%
Individual holdings
1XYLEM INC3.3%
2MSCI INC3.2%
3PLAYTECH PLC3.2%
4MICRO FOCUS INTERNATIONAL3.1%
5ALTEN2.9%
6TELEPERFORMANCE2.8%
7CINEMARK HOLDINGS INC2.7%
8MONCLER SPA2.7%
9RUBIS2.7%
Management
Fund manager group
No data available.
Fund manager company
Davy Asset Management
Fund type
OEIC
Fund objective
The investment objective of the Davy Discovery Fund is to achieve long-term capital growth by investing in a diversified portfolio of small and medium sized companies which demonstrate growth potential coupled with quality characteristics. Investing during the early stage of a company’s life cycle can lead to attractive earnings growth which in turn is reflected in higher than average returns.
Benchmark
  • MSCI World SMID
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Jeremy Humphries16/11/2015Jeremy Humphries is a Fund Manager for the Global Equity investment team. He has 10 years' investment experience. He is responsible for quantitative analysis and portfolio management in the Global Equity team. Prior to joining Davy Asset Management in 2015, he worked on the Quantitative Equity Products (QEP) team at Schroders in London. Previously, he worked with Pioneer Investments as a member of the Global Quantitative Research and Management team. Jeremy holds a Masters in Science in Quantitative Finance from University College Dublin and a Bachelor of Engineering (Hons) in Mechanical and Manufacturing Engineering from Trinity College, Dublin.
Chantal Brennan01/05/2015Chantal Brennan is the Research Director of Davy Asset Management and Fund Manager of our more growth orientated strategies; Davy Discovery, a global small and mid-Cap fund and Focus Global. Chantal previously held the role of Chief Investment Officer where she established the firm’s investment philosophy and process. As Research Director she continues to be instrumental in its development. She has over 20 years' investment experience. Prior to joining Davy Asset Management in 2014, she was the Managing Director of PineBridge Investment’s Global Small and Mid-Capitalisation Equities. She was also a member of various investment committees. In 2010, AIG sold its third party asset management business which became PineBridge Investments. At AIG Global Investment Group, Chantal won many investment awards. She began her investment career with Standard Life. Chantal holds a Master of Science in Investment and Treasury from Dublin City University, a Master of Arts and a Bachelor of Arts in Economics from University College Dublin. She is a Member of the UK Society of Investment Professionals and the CFA Institute.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Ireland, Jersey, Offshore
Davy Discovery Equity A Acc EUR
Initial charge-
Annual charge0.68%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price240.4155
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM0EA
Davy Discovery Equity A Inc
Initial charge-
Annual charge0.68%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price199.0668
CurrencyEUR
Price updated13/04/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM0EC
Davy Discovery Equity B Acc EUR
Initial charge-
Annual charge1.35%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.57%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price230.7052
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM0ED
Davy Discovery Equity B Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM0EE
Davy Discovery Equity L Acc GBP
Initial charge-
Annual charge0.68%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price133.7409
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMKAC
Davy Discovery Equity M Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price1.4449
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMX1N
Davy Discovery Equity Q Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.97%
Bid price-
Offer price-
Mid price1.4418
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMX1P
Data provided by

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