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 manager
  • Chantal Brennansince 15/03/2016
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
7.4%
1 Year rank in sector
183/474
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.
99
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq50.5%
Schroder ISF Gbl Rec42.1%
Dodge & Cox Gbl Stk38.8%
SKAGEN Focus36.1%
Dimensional Gbl Small Cos35%
...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
Fund3.7%1.9%6%7.4%41.3%90.1%
Sector2.9%0.7%5.1%6.1%16.8%56%
Rank within sector188 / 500191 / 497196 / 487183 / 47461 / 38445 / 287
Quartile2nd2nd2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.5%13.1%13.9%20%11.9%
Sector6.8%0.7%6%21.3%12.7%
Rank within sector187 / 47529 / 42778 / 387225 / 338196 / 289
Quartile2nd1st1st3rd3rd
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.
7.06
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.
1.04
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.
0.68
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%.
12.22
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.
7.16
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.
0.97
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 high217.56
52 week low169.25
Current bid price-
Current offer price-
Current mid price214.65
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 manager
NameSinceBiography
Chantal Brennan15/03/2016Chantal Brennan is the Chief Investment Officer of Davy Asset Management. She has over 20 years' investment experience. Chantal is the chairperson of the Davy Asset Management Asset Allocation Committee and is responsible for coordinating and overseeing the investment teams and strategies. 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 price223.2556
CurrencyEUR
Price updated07/12/2016
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 updated12/04/2016
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 price214.6546
CurrencyEUR
Price updated07/12/2016
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 price122.4611
CurrencyGBP
Price updated07/12/2016
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 price1.3233
CurrencyGBP
Price updated07/12/2016
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 price1.3233
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMX1P
Data provided by

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