Fact sheet: Legg Mason MCGF ErAbsAl

Fund information
Fund name
Legg Mason Martin Currie European Absolute Alpha E (PF) Acc USD
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund managers
  • Michael Brownesince 28/09/2010
  • Steve Frostsince 28/09/2010
Fund objective
The fund seeks to achieve absolute returns over the long term through exposure to the shares of companies operating within or servicing the European market. The fund uses a long/short strategy which helps investors to benefit from both upwards and downwards movement in share prices.
Benchmark
  • MSCI Europe
Investment style
Market Neutral
Investment method
Equity
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Hedge/Stru Prod - Equity
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.
3.2%
Fund size
£242m (£482m 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.
53
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Performance snapshot

Holdings snapshot

  • International100%
  • Industrials17%
    Materials12.8%
    Consumer Staples7.6%
    Health Care3.8%
    Utilities2.7%
  • International Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%-3.5%-7%---
Sector0.6%-0.1%0.5%-2.2%3.5%14.6%
Rank within sector25 / 118108 / 127113 / 121---
Quartile1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector-1.9%2.7%2.5%7.1%3.9%
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.
-
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 high102.27
52 week low90.53
Current bid price-
Current offer price-
Current mid price95.02
Region
1International100%
Industry sector
1Industrials16.99%
2Materials12.79%
3Consumer Staples7.57%
4Health Care3.79%
5Utilities2.65%
6Real Estate2.57%
7Consumer Discretionary2.38%
8Information Technology1.07%
9Financials-0.27%
Asset type
1International Equities100%
Individual holdings
1KLEPIERRE2.5%
2ATLANTIA SPA2.32%
3BIM BIRLESIK MAGAZALAR1.82%
4SIKA AG1.8%
5TRELLEBORG AB1.76%
6SANDVIK AB1.55%
7INTERCONTINENTAL HOTELS GROUP1.54%
8AAREAL BANK AG1.48%
9CHR HANSEN HLDGS A/S1.4%
Management
Fund manager group
Legg Mason
Fund manager company
Legg Mason Global Funds Plc
Fund type
OEIC
Fund objective
The fund seeks to achieve absolute returns over the long term through exposure to the shares of companies operating within or servicing the European market. The fund uses a long/short strategy which helps investors to benefit from both upwards and downwards movement in share prices.
Benchmark
  • MSCI Europe
Investment style
Market Neutral
Investment method
Equity
Fund managers
NameSinceBiography
Michael Browne28/09/2010Michael joined Martin Currie in 2010 and co-manages our European equity long/short strategy. He came to us from Sofaer Capital, where he had managed the European Hedge Fund with Steve Frost since 2001. Before joining Sofaer, Michael was head of international equities at Chase Asset Management, where he had overall responsibility for all non-US equity portfolios. Earlier, as managing director at Chase, he recruited Steve Frost as lead manager of a new European equity hedge fund. Michael began his career in 1986 at BZW Investment Management, where he was responsible for a variety of European unit trusts and segregated funds.
Steve Frost28/09/2010Steve joined Martin Currie in 2010 and co-manages our European equity long/short strategy. He came to us from Sofaer Capital, where he had managed the European Hedge Fund with Michael Browne since 2001. Before joining Sofaer, Steve was the lead manager of Chase Asset Management's European Equity Hedge Fund. At Chase, he also managed European portfolios for a number of long-only funds. Steve began his career in BZW Investment Management's European equity team, where he managed a variety of mutual and pension funds.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, El Salvador, Sweden
Legg Mason Martin Currie European Absolute Alpha A (PF) (Hedged) Acc SGD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.006
CurrencySGD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN2BF
Legg Mason Martin Currie European Absolute Alpha A (PF) (Hedged) GBP
Initial charge5%
Annual charge2%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price12.96
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLAU1
Legg Mason Martin Currie European Absolute Alpha A (PF) (Hedged) NOK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price94.28
CurrencyNOK
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE09E
Legg Mason Martin Currie European Absolute Alpha A (PF) (Hedged) USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSVL
Legg Mason Martin Currie European Absolute Alpha A (PF) Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.61
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN2BD
Legg Mason Martin Currie European Absolute Alpha A (PF) Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.58
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN32S
Legg Mason Martin Currie European Absolute Alpha A (PF) EUR
Initial charge5%
Annual charge2%
Min single investment£1,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.5%
Bid price-
Offer price-
Mid price12.74
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLAU0
Legg Mason Martin Currie European Absolute Alpha E (PF) Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.02
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN32T
Legg Mason Martin Currie European Absolute Alpha E (PF) Hedged Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.31
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN32U
Legg Mason Martin Currie European Absolute Alpha F (PF) Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.88
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN32V
Legg Mason Martin Currie European Absolute Alpha F (PF) Hedged Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.19
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN32W
Legg Mason Martin Currie European Absolute Alpha M (PF) (Hedged) GBP
Initial charge5%
Annual charge1.5%
Min single investment£250,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price13.24
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLAT8
Legg Mason Martin Currie European Absolute Alpha M (PF) (Hedged) NOK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.63
CurrencyNOK
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWNE
Legg Mason Martin Currie European Absolute Alpha M (PF) (Hedged) SEK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.46
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSVK
Legg Mason Martin Currie European Absolute Alpha M (PF) (Hedged) USD
Initial charge5%
Annual charge1.5%
Min single investment£250,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price13.32
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLAT9
Legg Mason Martin Currie European Absolute Alpha M (PF) Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.64
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN2BE
Legg Mason Martin Currie European Absolute Alpha M (PF) EUR
Initial charge5%
Annual charge1.5%
Min single investment£250,000
Min regular saving£125,000
Available in ISANo
Ongoing charge (OCF)1.8%
Total expense ratio (TER)2%
Bid price-
Offer price-
Mid price13.07
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLAT7
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