Fact sheet: FP Argnt Erpn Alpha

Fund information
Fund name
FP Argonaut European Alpha R 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
-7%
1 Year rank in sector
95/96
Sector
UT Europe Excluding UK
Yield
1%
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.
0.89%
Fund size
£346m (£371m 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
166.7349
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap30.9%
Liontrust European Growth18.4%
Neptune European Opps18.4%
Aviva Inv Euro Equity MoM 217.8%
FP CRUX Eurpn Spl Sits15.5%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany18.3%
    Ireland11.2%
    Denmark10.6%
    Norway7.8%
    France7.1%
  • Materials21%
    Industrials19.5%
    Financials15%
    Consumer Staples14.3%
    Consumer Discretionary10.1%
  • German Equities18.3%
    Irish Equities11.2%
    Danish Equities10.6%
    Norwegian Equities7.8%
    French Equities7.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.1%-3%-3.7%-7%14.5%61.5%
Sector-6.3%-2.1%5.9%8.1%18.2%71.4%
Rank within sector37 / 10167 / 10098 / 9995 / 9673 / 8766 / 79
Quartile2nd3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-7.3%16.1%4%31.7%11.9%
Sector7%9.1%-0.7%27.3%19.2%
Rank within sector97 / 989 / 9111 / 8710 / 8177 / 79
Quartile4th1st1st1st4th
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.
-1.33
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.
1.12
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.
0.14
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%.
13.77
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.
6.63
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.
-0.13
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.
0.77
Price movement
52 week high184.55
52 week low152.37
Current bid price-
Current offer price-
Current mid price166.73
Region
1Germany18.28%
2Ireland11.23%
3Denmark10.55%
4Norway7.76%
5France7.08%
6Switzerland7.04%
7Italy6.18%
8Russia5.62%
9Spain4.15%
Industry sector
1Materials20.98%
2Industrials19.54%
3Financials14.97%
4Consumer Staples14.34%
5Consumer Discretionary10.12%
6Utilities6.18%
7Telecommunications Utilities4.98%
8Information Technology2.83%
9Health Care2.8%
Asset type
1German Equities18.28%
2Irish Equities11.23%
3Danish Equities10.55%
4Norwegian Equities7.76%
5French Equities7.08%
6Swiss Equities7.04%
7Italian Equities6.18%
8Russian Equities5.62%
9Spanish Equities4.15%
Individual holdings
1RYANAIR HLDGS5.07%
2SUNRISE COMMUNICATIONS GROUP LTD4.98%
3MARINE HARVEST4.9%
4GAMESA CORPORACION TECNOLOGICA SA4.15%
5RWE AG(NEU)4.12%
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 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.
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 charge5.25%
Annual charge1.75%
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 price143.7671
CurrencyEUX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAHZ
FP Argonaut European Alpha A Acc GBP
Initial charge5.25%
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 price295.3315
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLS08
FP Argonaut European Alpha A Inc GBP
Initial charge5.25%
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 price141.0389
CurrencyGBX
Price updated02/12/2016
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 price152.006
CurrencyEUX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAAIA
FP Argonaut European Alpha 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)0.89%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price256.7102
CurrencyGBX
Price updated02/12/2016
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 price90.5775
CurrencyGBX
Price updated02/12/2016
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 price143.8857
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLWG9
FP Argonaut European Alpha R Acc GBP
Initial charge-
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 price166.7349
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0SN
FP Argonaut European Alpha R Inc GBP
Initial charge-
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 price162.0014
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG0SM
Data provided by

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