Fact sheet: FP Argnt Erpn Alpha

Fund information
Fund name
FP Argonaut European Alpha A Acc GBP
Fund manager company
Argonaut Capital Partners
Fund type
OEIC
Fund managers
  • Barry Norrissince 11/05/2005
  • Greg Bennettsince 01/01/2013
Fund objective
To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector.
Benchmark
  • MSCI Europe ex UK
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
8.7%
1 Year rank in sector
-
Sector
UT Europe Excluding UK
Yield
0.3%
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.
1.89%
Fund size
£327m (£386m 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
325.9387
Top in this sector
Fund name1 Year
Neptune European Opps48.8%
Marlborough Eurpn Multi-Cap43.9%
Schroder Eurpn Alpha Plus33.5%
Schroder Eurpn Alp Inc31.9%
Invesco Perp European Equity31.6%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Denmark20.8%
    Ireland10.9%
    Germany8.4%
    Norway7.9%
    Italy6%
  • Industrials23.6%
    Materials20%
    Financials16.9%
    Consumer Staples11.3%
    Consumer Discretionary11.1%
  • Danish Equities20.8%
    Irish Equities10.9%
    German Equities8.4%
    Norwegian Equities7.9%
    Italian Equities6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%7.8%6.7%8.7%12.5%58.9%
Sector0.6%8.6%7.8%27%27.3%76.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund3.5%-2%15%3%30.7%
Sector2.3%16.4%9.1%-0.7%27.3%
Rank within sector-----
Quartile
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.
-3.96
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.
1.11
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.
0.19
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%.
13.85
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.
6.57
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.
-0.49
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.
0.78
Price movement
52 week high327.47
52 week low283.18
Current bid price-
Current offer price-
Current mid price325.94
Region
1Denmark20.77%
2Ireland10.93%
3Germany8.4%
4Norway7.86%
5Italy6%
6Switzerland5.24%
7France5.2%
8Spain5.04%
9USA4.97%
Industry sector
1Industrials23.62%
2Materials19.95%
3Financials16.86%
4Consumer Staples11.25%
5Consumer Discretionary11.06%
6Health Care9.95%
7Telecommunications Utilities3.03%
8Information Technology1.89%
9Money Market1.36%
Asset type
1Danish Equities20.77%
2Irish Equities10.93%
3German Equities8.4%
4Norwegian Equities7.86%
5Italian Equities6%
6Swiss Equities5.24%
7French Equities5.2%
8Spanish Equities5.04%
9US Equities4.97%
Individual holdings
1VESTAS WIND SYSTEMS8.34%
2NOVO-NORDISK AS4.98%
3SHIRE PLC4.97%
4RYANAIR HLDGS4.87%
5PANDORA AS4.36%
Management
Fund manager group
Argonaut Capital Partners
Fund manager company
Argonaut Capital Partners
Fund type
OEIC
Fund objective
To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector.
Benchmark
  • MSCI Europe ex UK
Investment style
Concentrated
Investment method
Shares
Fund managers
NameSinceBiography
Barry Norris11/05/2005Barry 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.
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.
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
FP Argonaut European Alpha A Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£2,500
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price158.5489
CurrencyEUX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAHZ
FP Argonaut European Alpha A Acc GBP
Initial charge-
Annual charge1.75%
Min single investment£500
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price325.9387
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLS08
FP Argonaut European Alpha A Inc GBP
Initial charge-
Annual charge1.75%
Min single investment£500
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price155.6559
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLWG8
FP Argonaut European Alpha 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)0.89%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price168.0112
CurrencyEUX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAIA
FP Argonaut European Alpha I Acc GBP
Initial charge5.25%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price283.9525
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLS55
FP Argonaut European Alpha I Hedged Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.1994
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN3SL
FP Argonaut European Alpha I Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price159.1548
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLWG9
FP Argonaut European Alpha R Acc GBP
Initial charge5.25%
Annual charge0.75%
Min single investment£500
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price184.4287
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0SN
FP Argonaut European Alpha R Inc GBP
Initial charge5.25%
Annual charge0.75%
Min single investment£500
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price179.1933
CurrencyGBX
Price updated22/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG0SM
Data provided by

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