Fact sheet: F&C European Small Cap ex UK

Fund information
Fund name
F&C European Small Cap ex UK C Acc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund managers
  • Lucy Morrissince 16/03/2015
  • Sam Coshsince 16/03/2015
Fund objective
To deliver long-term capital growth by investing primarily in the shares of smaller companies incorporated in Continental Europe. For this purpose, smaller companies are defined as those falling within the bottom 25% of the total market capitalisation of all publicly listed equity in Continental Europe. The Fund may also invest in smaller companies incorporated in Continental Europe but listed on a United Kingdom exchange. The Fund may also invest in medium sized and larger companies in order to enhance its liquidity.
Benchmark
  • Euromoney Smaller European Companies (ex UK) Index
Investment style
None
Investment method
Shares
Quick stats
1 Year return
18.8%
1 Year rank in sector
10/12
Sector
UT European Smaller Companies
Yield
1.4%
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.
0.92%
Fund size
£68m (£94m 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.
107
Mid price
63.15
Top in this sector
Fund name1 Year
Henderson European Sm Cos33%
Schroder European Smaller Cos27.3%
M&G European Smaller Cos26.6%
Baring Europe Select24.8%
Aberdeen European Sm Cos24%
...more in UT European Smaller Companies

Performance snapshot

Holdings snapshot

  • Germany17.3%
    Ireland14.5%
    Italy13.5%
    Others13.4%
    Norway8.8%
  • Industrials29.9%
    Consumer Goods26.2%
    Financials16.8%
    Consumer Services11.4%
    Health Care5.5%
  • German Equities17.3%
    Irish Equities14.5%
    Italian Equities13.5%
    International Equities13.4%
    Norwegian Equities8.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%5.3%6.4%18.8%--
Sector-1.5%4.7%5.1%23.5%44.8%113.9%
Rank within sector5 / 127 / 126 / 1210 / 12--
Quartile2nd3rd2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund8.2%9.9%---
Sector7.5%16.6%20.2%-1.7%32.4%
Rank within sector6 / 1211 / 12---
Quartile2nd4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high63.88
52 week low50.57
Current bid price-
Current offer price-
Current mid price63.15
Region
1Germany17.3%
2Ireland14.5%
3Italy13.5%
4Others13.4%
5Norway8.8%
6Spain8.5%
7Sweden8.5%
8Switzerland7.2%
9Netherlands6.3%
Industry sector
1Industrials29.9%
2Consumer Goods26.2%
3Financials16.8%
4Consumer Services11.4%
5Health Care5.5%
6Technology5.1%
7Basic Materials3.1%
8Money Market2%
Asset type
1German Equities17.3%
2Irish Equities14.5%
3Italian Equities13.5%
4International Equities13.4%
5Norwegian Equities8.8%
6Spanish Equities8.5%
7Swedish Equities8.5%
8Swiss Equities7.2%
9Dutch Equities6.3%
Individual holdings
1FORBO HLDGS AG4.2%
2CERVED INFORMATION SOLUTIONS SPA3.9%
3GERRESHEIMER GROUP3.8%
4ORIGIN ENTERPRISES PLC3.8%
5SPAREBANK 1 SR-BANK ASA3.8%
6IRISH CONTINENTAL GROUP3.7%
7GLANBIA3.5%
8AMER SPORTS CORP3.4%
9INWIDO AB3.4%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund objective
To deliver long-term capital growth by investing primarily in the shares of smaller companies incorporated in Continental Europe. For this purpose, smaller companies are defined as those falling within the bottom 25% of the total market capitalisation of all publicly listed equity in Continental Europe. The Fund may also invest in smaller companies incorporated in Continental Europe but listed on a United Kingdom exchange. The Fund may also invest in medium sized and larger companies in order to enhance its liquidity.
Benchmark
  • Euromoney Smaller European Companies (ex UK) Index
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Lucy Morris16/03/2015Lucy joined F&C in 2007 and focused initially on performance analysis. She moved to the European equities team in 2011, since when she has specialised in managing smaller company mandates. Lucy graduated from the University of Exeter with a degree in psychology in 2006. She is a CFA Charterholder.
Sam Cosh16/03/2015Sam manages European smaller company assets. He is the lead manager of European Assets Trust, F&C European Small Cap and F&C European Small Cap ex UK. He began his career in 2000 as a European institutional analyst at Invesco before moving to Fortis Investments as a portfolio manager within their European smaller companies team. He joined the group in 2010 from BNP Investment Partners. Sam graduated with a BA (Hons) in Economics from Nottingham University in 1999. He is CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
F&C European Small Cap ex UK 1 Acc
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price64.34
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM76E
F&C European Small Cap ex UK 1 Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price64.34
CurrencyGBX
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM76F
F&C European Small Cap ex UK 3 Acc
Initial charge5%
Annual charge0.5%
Min single investment£50,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price63.5
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM76G
F&C European Small Cap ex UK 3 Inc
Initial charge5%
Annual charge0.5%
Min single investment£50,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price61.58
CurrencyGBX
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM76H
F&C European Small Cap ex UK C Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price63.15
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM76I
F&C European Small Cap ex UK C Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price61.51
CurrencyGBX
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM76J
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