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
-17.5%
1 Year rank in sector
71/71
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
£172m (£420m 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
134.8181
Top in this sector
Fund name1 Year
7IM Unconstrained15.2%
FP Pictet Multi Asset Portfolio13.7%
VT iFunds Absolute Rtn Orange13.5%
S&W Saltus Wealth13.2%
Schroder UKDynAbsRet13%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

  • Russia12.4%
    Denmark12%
    Norway5.4%
    UK2.7%
    USA2.1%
  • Industrials22%
    Materials21%
    Financials17.3%
    Consumer Discretionary3.5%
    Consumer Staples2.3%
  • Danish Equities15.8%
    Russian Equities8.8%
    Norwegian Equities6.9%
    Irish Equities6.1%
    Spanish Equities5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4.9%-2.9%-8.1%-17.5%-11.9%34.7%
Sector0.1%1%1.1%2.6%5.7%15.7%
Rank within sector76 / 7777 / 7773 / 7471 / 7155 / 5511 / 46
Quartile4th4th4th4th4th1st
Calendar performance
 YTD - 20172016201520142013
Fund-2.8%-25.6%11.9%13.6%39.6%
Sector0.8%1%2.2%2.5%6.5%
Rank within sector76 / 7770 / 704 / 643 / 552 / 50
Quartile4th4th1st1st1st
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.
-2.15
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.
-0.12
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.
-0.01
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%.
11.32
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.
12.88
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.
-0.77
Price movement
52 week high167.05
52 week low133.19
Current bid price-
Current offer price-
Current mid price134.82
Region
1Russia12.4%
2Denmark12%
3Norway5.4%
4UK2.7%
5USA2.1%
6Austria2%
7Czech Republic1.1%
8Luxembourg-1%
9Italy-3%
Industry sector
1Industrials22%
2Materials21%
3Financials17.3%
4Consumer Discretionary3.5%
5Consumer Staples2.3%
6Health Care1.1%
7Information Technology0.6%
8Telecommunications-
9Utilities-5.6%
Asset type
1Danish Equities15.81%
2Russian Equities8.84%
3Norwegian Equities6.91%
4Irish Equities6.06%
5Spanish Equities5.04%
6UK Equities5.02%
7Finnish Equities4.77%
8US Equities4.14%
9Czech Republic Equities3.08%
Individual holdings
1VESTAS WIND SYSTEMS6.3%
2NOVO-NORDISK AS4.2%
3RYANAIR HLDGS4%
4ASSICURAZIONI GENERALI SPA3.9%
5AEROFLOT RUSSIAN AIRLINES PJSC3.7%
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 Bennett is a CFA charter holder and graduated from the University of Natal (South Africa) in 1994 with a BSc. Agricultural Economics. He has over 10 years fund management experience, primarily in the UK equity market as well as US markets. He began his career at Neptune Investment Management in 2002, during which time he managed the US Opportunities and UK Equity funds as well as being Assistant Fund Manager on the Income and Global funds. In 2006 he joined Marlborough Fund Managers where he set up and ran their UK large Cap and UK Income funds. In 2012 he joined Argonaut.
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 charge-
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 price126.934
CurrencyEUX
Price updated23/03/2017
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 price149.1402
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDAP3
FP Argonaut Absolute Return I Acc EUR
Initial charge5.25%
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 price131.1446
CurrencyEUX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0TR
FP Argonaut Absolute Return I Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£2,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price158.1185
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF8Y0
FP Argonaut Absolute Return I Acc USD
Initial charge5.25%
Annual charge0.75%
Min single investment£500
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price87.2263
CurrencyUSX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJY8R
FP Argonaut Absolute Return R Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price134.8181
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0TP
Data provided by

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