Fact sheet: Iridian US Eq

Fund information
Fund name
Iridian US Equity I Inc NAV GBP
Fund manager company
Iridian Asset Management LLC
Fund type
No data available.
Fund managers
  • Todd D.Rakersince 20/12/2013
  • Sturgis P. Woodberrysince 20/12/2013
Fund objective
The investment objective of the Fund is to provide long-term capital appreciation. The Fund intends to achieve its investment objective by investing primarily in U.S. publicly traded equity securities. The Fund also may invest a portion of its assets in equity securities, including American Depositary Receipts ("ADRs"), of non-U.S. issuers located primarily in the various developed countries of Europe and Asia. The Fund will typically hold 40 to 60 securities. The Fund may also, pending reinvestment, or if this is considered appropriate to the investment objective, invest on a short term basis in cash, cash equivalents and money market instruments (including, but not limited to, cash deposits, commercial paper and certificates of deposit) listed or traded on U.S. markets with a rating of AAA. The Fund may (but is not obliged to) enter into certain currency related transactions (through the use of financial derivative instruments ("FDI") as disclosed below in Section 2 entitled "Use of Derivatives") in order to hedge
Benchmark
  • Russell 1000
Investment style
Concentrated,Growth
Investment method
Shares
Quick stats
1 Year return
32%
1 Year rank in sector
12/204
Sector
FO Equity - USA
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.
1.42%
Fund size
£916m (£1,237m 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.
115
Top in this sector
Fund name1 Year
Boost NASDAQ 100 3x LD ETP99.5%
Boost S&P500 3x LD ETP49.2%
LM Opportunity43.5%
T. Rowe Price USLgCpGthEq41.7%
Dodge & Cox US Stk41%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%0.6%6.8%32%--
Sector0.4%0.8%7.4%15.6%24.3%75.1%
Rank within sector132 / 217116 / 217111 / 21312 / 204--
Quartile3rd3rd3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund6.8%23.2%0.4%--
Sector6.3%8.9%-1.6%10.7%31.8%
Rank within sector97 / 21623 / 20278 / 186--
Quartile2nd1st2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high137.3
52 week low100.79
Current bid price-
Current offer price-
Current mid price134.01
Region
1USA100%
Industry sector
1Chemicals13.64%
2Paper - Packaging & Printing8.81%
3Software8.57%
4Computers6.48%
5Foods6.19%
6Biotechnology/Medical5.83%
7Hotels5.83%
8Retail5.42%
9Internet5.21%
Asset type
1US Equities100%
Individual holdings
1GENERAL DYNAMICS CORP4.52%
2WESTERN DIGITAL CORP4.14%
3Marathon Oil Corp ORD3.5%
4S&P GLOBAL INC3.41%
5YAHOO INC3.37%
6SEALED AIR CORP2.99%
7POST HOLDINGS2.9%
8ALLERGAN PLC2.82%
9CHECK POINT SOFTWARE TECHNOLOGIES2.56%
Management
Fund manager group
No data available.
Fund manager company
Iridian Asset Management LLC
Fund type
No data available.
Fund objective
The investment objective of the Fund is to provide long-term capital appreciation. The Fund intends to achieve its investment objective by investing primarily in U.S. publicly traded equity securities. The Fund also may invest a portion of its assets in equity securities, including American Depositary Receipts ("ADRs"), of non-U.S. issuers located primarily in the various developed countries of Europe and Asia. The Fund will typically hold 40 to 60 securities. The Fund may also, pending reinvestment, or if this is considered appropriate to the investment objective, invest on a short term basis in cash, cash equivalents and money market instruments (including, but not limited to, cash deposits, commercial paper and certificates of deposit) listed or traded on U.S. markets with a rating of AAA. The Fund may (but is not obliged to) enter into certain currency related transactions (through the use of financial derivative instruments ("FDI") as disclosed below in Section 2 entitled "Use of Derivatives") in order to hedge
Benchmark
  • Russell 1000
Investment style
Concentrated,Growth
Investment method
Shares
Fund managers
NameSinceBiography
Todd D.Raker20/12/2013Managing Director and Director of Research, is the portfolio manager for our US equity portfolios and is responsible for coordinating and supervising various aspects of the investment team.  Prior to joining Iridian in July 2011, he worked seven years as a director within the equity research department of Deutsche Bank.  Previously, he worked as a director within equity research for five years with Credit Suisse First Boston and one year with ING Baring Furman Selz.  In addition, from 1995 to 1998, he served as an equity analyst with Credit Suisse First Boston, from 1991 to 1993, he worked in sales for Semiconductor Packaging Materials Inc. and from 1990 to 1991, he worked as a research associate with Strategic Planning Associates.  Mr. Raker holds a B.A. in Economics from Brown University (1990) and an M.S.M. from the J.L. Kellogg Graduate School of Management (1995).
Sturgis P. Woodberry20/12/2013Managing Director, is the portfolio manager for our US equity portfolios and the Iridian Charter Fund, LP.  Prior to joining Iridian in March 2003, he worked seven years as a portfolio manager and research analyst with Oppenheimer Capital.  From 1994 to 1996, he served as a mergers and acquisitions associate with Dillon, Read & Co.  Additionally, from 1989 to 1992, he served as an associate with Citicorp Securities Markets, Inc.  Mr. Woodberry holds an A.B. in History from Dartmouth College (1989) and an M.B.A. from Harvard (1994).  He is also a Chartered Financial Analyst (1997).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, United Kingdom, Ireland, Offshore
Iridian US Equity I Acc GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price134.54
CurrencyGBP
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKZBM
Iridian US Equity I Acc USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.77
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUKJ
Iridian US Equity I Dis USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.95
CurrencyUSD
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUKK
Iridian US Equity I Inc NAV GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price134.01
CurrencyGBP
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM25U
Iridian US Equity IP Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.46
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUKR
Iridian US Equity R Acc USD
Initial charge5%
Annual charge1.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.74
CurrencyUSD
Price updated14/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUPO
Iridian US Equity R Inc USD
Initial charge-
Annual charge1.75%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUPP
Iridian US Equity Y Acc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUPQ
Iridian US Equity Y Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.61
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUKM
Iridian US Equity Y Dis USD
Initial charge5%
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.52
CurrencyUSD
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUKL
Iridian US Equity Y Hedged Acc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.38
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUKN
Iridian US Equity Z Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUPR
Iridian US Equity Z Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.56
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUKP
Iridian US Equity Z Dis USD
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.31
CurrencyUSD
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUKO
Iridian US Equity Z Hedged Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£5,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.88
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUKQ
Data provided by

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