Fact sheet: Fidecum Avant Garde Stock

Fund information
Fund name
Fidecum Avant Garde Stock B
Fund manager company
Fidecum
Fund type
Offshore Fund
Fund managers
  • Anko Beldsnijdersince 30/04/2004
  • Richard Burkhardtsince 01/08/2013
Fund objective
The Sub-fund seeks to achieve long-term capital growth in line with a reasonable risk diversification by investing the Sub-fund's assets primarily in shares and other equity-related securities of companies all over the world. The investment focus is such that at least 75% of the Sub-fund's assets (excluding cash and cash equivalents) is invested in shares and other equity related securities of companies that are based in the Eurozone or conduct most of their business in the Eurozone. Depending on the actual situation, the investment focus may be on large-cap companies or also on small and mid-caps.
Benchmark
  • Stoxx Europe 600 (NR) (EUR)
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2%
1 Year rank in sector
167/224
Sector
FO Equity - Europe inc UK
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.
1.94%
Fund size
£21m (£25m 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.
101
Top in this sector
Fund name1 Year
IVI European32.2%
Mirabaud Eqts PanEur SmllMid32.1%
JOHCM European Sel Val29.5%
Schroder ISF Eur SpclSits29.1%
Allianz Eur Eq Gth25.8%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • Germany23.2%
    Netherlands17.3%
    Denmark16.8%
    France10.2%
    Switzerland8.6%
  • Industrials17.7%
    Financial Services17.2%
    Consumer Staples17.1%
    Health Care13.1%
    Cyclical Consumer Goods10.3%
  • German Equities23.2%
    Dutch Equities17.3%
    Danish Equities16.8%
    French Equities10.2%
    Swiss Equities8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%7.3%1.8%-2%30.9%87.8%
Sector0.5%2.8%3.2%0.9%17.2%73.2%
Rank within sector17 / 23379 / 234172 / 231167 / 22434 / 20060 / 176
Quartile1st2nd3rd3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund-8.6%21.3%10.3%21.2%16.2%
Sector-3.9%11.1%4.2%21.1%17.6%
Rank within sector202 / 22925 / 21528 / 202101 / 190142 / 180
Quartile4th1st1st3rd4th
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.
3.21
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.
1.08
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.
0.47
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%.
14.89
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.
6.42
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.
0.54
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.
0.82
Price movement
52 week high63.58
52 week low50.41
Current bid price-
Current offer price-
Current mid price56.93
Region
1Germany23.2%
2Netherlands17.3%
3Denmark16.8%
4France10.2%
5Switzerland8.6%
6UK6.7%
7Ireland5.3%
8Belgium4.5%
9Others4.5%
Industry sector
1Industrials17.7%
2Financial Services17.2%
3Consumer Staples17.1%
4Health Care13.1%
5Cyclical Consumer Goods10.3%
6Technology9%
7Basic Materials8.1%
8Others3.9%
9Communications3.6%
Asset type
1German Equities23.2%
2Dutch Equities17.3%
3Danish Equities16.8%
4French Equities10.2%
5Swiss Equities8.6%
6UK Equities6.7%
7Irish Equities5.3%
8Belgian Equities4.5%
9International Equities4.5%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Fidecum
Fund type
Offshore Fund
Fund objective
The Sub-fund seeks to achieve long-term capital growth in line with a reasonable risk diversification by investing the Sub-fund's assets primarily in shares and other equity-related securities of companies all over the world. The investment focus is such that at least 75% of the Sub-fund's assets (excluding cash and cash equivalents) is invested in shares and other equity related securities of companies that are based in the Eurozone or conduct most of their business in the Eurozone. Depending on the actual situation, the investment focus may be on large-cap companies or also on small and mid-caps.
Benchmark
  • Stoxx Europe 600 (NR) (EUR)
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Anko Beldsnijder30/04/2004Anko Beldsnijder has been a portfolio manager at MainFirst since April 2004 and is the lead manager for our Quality Growth investment style. Together with Olgerd Eichler he co-heads the Asset Management division. Prior to his current employment, he was Head of Western European Equities at Griffin Capital Management. At ABN Amro he was responsible for core European equities and was Head of European Small Caps. He managed institutional equity mandates as well as the mutual funds ABN Amro Europe and ABN Amro Germany Equity Fund. Anko started his career as a portfolio manager at Credit Suisse, Zurich, in 1992. As a “Quality Growth Europe” portfolio manager he has won over 15 awards, including several “Best European Fund Manager” awards over three and five years. Over 3, 5 and 10 years his performance is upper-first quartile. Most recently Standard & Poor's confirmed his AA-rating.
Richard Burkhardt01/08/2013Richard Burkhardt started working at MainFirst in September 2006 providing the fund managers and the marketing team with statistics and analysis on the portfolio. Since July 2007 he is completely integrated in the quality growth team. Before he joined MainFirst, he worked as a currency analyst for Kerford Investments in Panama. During his studies in economics and geography he gained first experience in fund analysis and marketing at Standard & Poor's Fund Services Germany. Richard has more than 5 years experience in the finance industry. He is currently completing his PhD in economics
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
Fidecum Avant Garde Stock A
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)2.05%
Bid price-
Offer price-
Mid price102.03
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDWX5
Fidecum Avant Garde Stock B
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)2.06%
Bid price-
Offer price-
Mid price56.93
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDWX7
Fidecum Avant Garde Stock C
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price67.38
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDWX6
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.