Fact sheet: Liontrust Eurpn Enhnd Inc

Fund information
Fund name
Liontrust European Enhanced Income Inst Hedged Acc
Fund manager company
Liontrust Fund Partners LLP
Fund type
Unit Trust
Fund managers
  • Olly Russsince 29/04/2010
Accolades
Fund objective
The investment objective of the Liontrust European Enhanced Income Fund is to provide a high income yield. In order to meet this objective, it is intended that the target yield (the sum of all net distributions in an accounting period divided by the unit price at the start of said period) will be in excess of 1.25 times the net yield of the MSCI Europe ex UK index each year but this cannot be guaranteed and the target range may also be adjusted in the light of market conditions although it is not expected that this will be a regular occurrence.
Benchmark
  • MSCI Europe ex UK
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
-7.2%
1 Year rank in sector
96/96
Sector
UT Europe Excluding UK
Yield
4%
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.
0.92%
Fund size
£96m (£131m 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.
96
Bid price
159.27
Offer price
159.63
Top in this sector
Fund name1 Year
Marlborough Eurpn Multi-Cap32.5%
Neptune European Opps25.5%
Liontrust European Growth20.3%
Aviva Inv Euro Equity MoM 219.8%
Schroder Eurpn Alpha Plus19.5%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany18.3%
    Sweden13.5%
    France13%
    Italy12.2%
    Switzerland10.5%
  • Financials32%
    Industrials16.9%
    Consumer Discretionary9.9%
    Telecommunications Utilities8.9%
    Health Care7%
  • German Equities18.3%
    Swedish Equities13.5%
    French Equities13%
    Italian Equities12.2%
    Swiss Equities10.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.9%1%-0.7%-7.2%24.8%72.9%
Sector-1.2%0.4%8.9%11.7%24.6%77.4%
Rank within sector2 / 10139 / 10097 / 9996 / 9643 / 8746 / 79
Quartile1st2nd4th4th2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-5.7%16.8%8.7%23.9%16.5%
Sector10.9%9.1%-0.7%27.3%19.2%
Rank within sector98 / 988 / 911 / 8762 / 8162 / 79
Quartile4th1st1st4th4th
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.
1.75
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.
0.7
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.
0.22
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%.
11.23
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.
8.91
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.
-0.04
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.
0.45
Price movement
52 week high169.68
52 week low142.37
Current bid price159.27
Current offer price159.63
Current mid price-
Region
1Germany18.3%
2Sweden13.45%
3France12.95%
4Italy12.19%
5Switzerland10.46%
6Norway7.74%
7Spain4.47%
8Finland4%
9Netherlands3.51%
Industry sector
1Financials31.99%
2Industrials16.94%
3Consumer Discretionary9.89%
4Telecommunications Utilities8.93%
5Health Care7.04%
6Utilities6.76%
7Consumer Staples5%
8Energy4.68%
9Materials4.48%
Asset type
1German Equities18.3%
2Swedish Equities13.45%
3French Equities12.95%
4Italian Equities12.19%
5Swiss Equities10.46%
6Norwegian Equities7.74%
7Spanish Equities4.47%
8Finnish Equities4%
9Dutch Equities3.51%
Individual holdings
1TRASMISSIONE ELETTRICITA RETE NAZIO3.62%
2ENDESA SA3.15%
3BPOST SA/NV3.06%
4SWEDBANK AB3.06%
5AZIMUT HLDG SPA2.85%
6VINCI SA2.7%
7DAIMLER AG2.68%
8DRILLISCH AG2.58%
9DEUTSCHE POST AG2.5%
Management
Fund manager group
Liontrust
Fund manager company
Liontrust Fund Partners LLP
Fund type
Unit Trust
Fund objective
The investment objective of the Liontrust European Enhanced Income Fund is to provide a high income yield. In order to meet this objective, it is intended that the target yield (the sum of all net distributions in an accounting period divided by the unit price at the start of said period) will be in excess of 1.25 times the net yield of the MSCI Europe ex UK index each year but this cannot be guaranteed and the target range may also be adjusted in the light of market conditions although it is not expected that this will be a regular occurrence.
Benchmark
  • MSCI Europe ex UK
Investment style
Active
Investment method
Shares
Fund managers
NameSinceBiography
Olly Russ29/04/2010Oliver Russ graduated from Oxford University in 1996 with a first class honours degree in Classics. He holds the CFA charter, has successfully completed the IIMR examinations, and is a Member of the Chartered Institute for Securities and Investment. He joined investment boutique Orbitex in 1998, where he worked on European Equity and UK Income funds, and was responsible for running the Orbitex UK Equity Fund from its inception in March 2000. In 2002 Oliver moved to Invicta Investment Management, a privately owned hedge fund, before joining Neptune Investment Management in April 2004 as a fund manager and financial analyst. Oliver is the lead manager of the Argonaut European Income Fund, launched in December 2005, and is also the lead manager of the Argonaut European Enhanced Income Fund launched in May 2010.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Liontrust European Enhanced Income Inst Hedged Acc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)1%
Bid price159.27
Offer price159.63
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeILA1
Liontrust European Enhanced Income Inst Hedged Inc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)1%
Bid price112.14
Offer price112.39
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeILA2
Liontrust European Enhanced Income Inst Unhedged Acc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price102.97
Offer price103.2
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNF2J
Liontrust European Enhanced Income Inst Unhedged Inc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price102.7
Offer price102.93
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNF2I
Liontrust European Enhanced Income Retail Hedged Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.75%
Bid price150.49
Offer price158.37
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIKZ9
Liontrust European Enhanced Income Retail Hedged Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.75%
Bid price106.97
Offer price112.57
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeILA0
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