Fact sheet: FP Argnt Abl Rtn

Fund information
Fund name
FP Argonaut Absolute Return R Acc GBP
Fund manager company
Argonaut Capital Partners
Fund type
OEIC
Fund managers
  • Greg Bennettsince 01/01/2013
  • Barry Norrissince 18/02/2009
Fund objective
To provide positive absolute returns in Sterling share class currency over a 3 year rolling period, utilising a variety of asset classes and regardless of market conditions. The Fund will not be managed against any formal benchmark. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be met over the 3 year rolling periods or in respect of any other time period.
Benchmark
  • MSCI Europe ex UK
Investment style
Absolute Return,Value
Investment method
Shares
Quick stats
1 Year return
-22.8%
1 Year rank in sector
72/72
Sector
UT Targeted Absolute Return
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.
0.94%
Fund size
£259m (£249m 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.
68
Mid price
142.4029
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.2%
Threadneedle Tgt Rtn10.2%
CF Ruffer Absolute Return9.9%
Newton Mgd Tgtd Rtn7.8%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • UK10.8%
    Germany9.9%
    Russia6.4%
    Ireland5.6%
    Norway4.7%
  • Consumer Staples13.7%
    Materials13.4%
    Industrials10%
    Utilities4.4%
    Telecommunications3.4%
  • UK Equities10.8%
    German Equities9.9%
    Russian Equities6.4%
    Irish Equities5.6%
    Norwegian Equities4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.9%-2%-12.2%-22.8%0.4%43.8%
Sector-1%-0.3%0.8%0.1%5.5%15%
Rank within sector69 / 7364 / 7472 / 7272 / 7252 / 584 / 47
Quartile4th4th4th4th4th1st
Calendar performance
 YTD - 20162015201420132012
Fund-23.6%11.9%13.6%39.6%5.7%
Sector-0%2.2%2.5%6.5%3.3%
Rank within sector72 / 724 / 673 / 582 / 5323 / 47
Quartile4th1st1st1st2nd
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.
-5.13
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.
3.48
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%.
11.5
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.
10.7
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.
0.03
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.
0.26
Price movement
52 week high188.77
52 week low142.19
Current bid price-
Current offer price-
Current mid price142.4
Region
1UK10.77%
2Germany9.92%
3Russia6.35%
4Ireland5.62%
5Norway4.7%
6Finland3.97%
7Spain3.54%
8Hungary3.47%
9USA2.77%
Industry sector
1Consumer Staples13.74%
2Materials13.4%
3Industrials9.95%
4Utilities4.42%
5Telecommunications3.42%
6Information Technology3.35%
7Financials2.33%
8Health Care-0.84%
9Energy-1.62%
Asset type
1UK Equities10.77%
2German Equities9.92%
3Russian Equities6.35%
4Irish Equities5.62%
5Norwegian Equities4.7%
6Finnish Equities3.97%
7Spanish Equities3.54%
8Hungarian Equities3.47%
9US Equities2.77%
Individual holdings
1ANGLO AMERICAN4%
2NORWAY ROYAL SALMON ASA3.96%
3GAMESA CORPORACION TECNOLOGICA SA3.54%
4RYANAIR HLDGS3.51%
5OTP BANK3.47%
Management
Fund manager group
Argonaut Capital Partners
Fund manager company
Argonaut Capital Partners
Fund type
OEIC
Fund objective
To provide positive absolute returns in Sterling share class currency over a 3 year rolling period, utilising a variety of asset classes and regardless of market conditions. The Fund will not be managed against any formal benchmark. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be met over the 3 year rolling periods or in respect of any other time period.
Benchmark
  • MSCI Europe ex UK
Investment style
Absolute Return,Value
Investment method
Shares
Fund managers
NameSinceBiography
Greg Bennett01/01/2013Greg joined Marlborough in February 2006 from Neptune Investment Management where he was the manager or assistant manager of a number of funds.Greg graduated from the University of Natal (South Africa) in 1994 with a degree in Agricultural Economics. Whilst in South Africa Greg worked as an agricultural economist developing business plans and feasibility studies for both state and instate enterprises.
Barry Norris18/02/2009Barry 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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Guernsey, Isle of Man, Ireland, Italy, Jersey, Singapore
FP Argonaut Absolute Return A Acc EUR
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price134.8216
CurrencyEUX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0TN
FP Argonaut Absolute Return A Acc GBP
Initial charge5.25%
Annual charge1.5%
Min single investment£500
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price157.8914
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDAP3
FP Argonaut Absolute Return A Acc USD
Initial charge5.25%
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price78.902
CurrencyUSX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJY8Q
FP Argonaut Absolute Return I Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price139.3939
CurrencyEUX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0TR
FP Argonaut Absolute Return I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price167.0107
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8Y0
FP Argonaut Absolute Return I Acc USD
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price91.8995
CurrencyUSX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJY8R
FP Argonaut Absolute Return R Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price142.4029
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0TP
Data provided by

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