Fact sheet: Liontrust Eurpn Enhnd Inc

Fund information
Fund name
Liontrust European Enhanced Income I Hedged Acc
Fund manager company
Liontrust Fund Partners LLP
Fund type
Unit Trust
Fund managers
  • Olly Russsince 30/04/2010
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
14.9%
1 Year rank in sector
96/97
Sector
UT Europe Excluding UK
Yield
3.8%
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.
0.9%
Fund size
£60m (£133m 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.
97
Bid price
179.47
Offer price
179.97
Top in this sector
Fund name1 Year
Neptune European Opps61.6%
Marlborough Eurpn Multi-Cap53.4%
Baillie Gifford European44.2%
Invesco Perp European Equity42.9%
Schroder Eurpn Alpha Plus42.8%
...more in UT Europe Excluding UK

Performance snapshot

Holdings snapshot

  • Germany16.1%
    Sweden15.5%
    France13.4%
    Italy12.3%
    Switzerland10.8%
  • Financials32.5%
    Industrials16.4%
    Telecommunications Utilities11.9%
    Consumer Discretionary9.7%
    Health Care5.7%
  • German Equities16.1%
    Swedish Equities15.5%
    French Equities13.4%
    Italian Equities12.3%
    Swiss Equities10.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund5.9%8.2%14.8%14.9%28.6%94.4%
Sector7.7%8.3%18.1%34.4%38.6%116.7%
Rank within sector91 / 10066 / 10092 / 9996 / 9780 / 8575 / 78
Quartile4th3rd4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund9.1%-3%16.8%8.7%23.9%
Sector11.1%16.4%9.1%-0.7%27.3%
Rank within sector89 / 10096 / 968 / 891 / 8561 / 78
Quartile4th4th1st1st4th
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.
1.17
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.
0.69
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.
0.39
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%.
11.15
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.
8.95
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.
-0.23
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.
0.44
Price movement
52 week high180.3
52 week low143.59
Current bid price179.47
Current offer price179.97
Current mid price-
Region
1Germany16.11%
2Sweden15.52%
3France13.42%
4Italy12.28%
5Switzerland10.79%
6Norway7.24%
7Finland4.34%
8Spain4.08%
9Netherlands3.51%
Industry sector
1Financials32.45%
2Industrials16.41%
3Telecommunications Utilities11.92%
4Consumer Discretionary9.67%
5Health Care5.74%
6Consumer Staples5.06%
7Utilities5.04%
8Materials4.56%
9Energy3.91%
Asset type
1German Equities16.11%
2Swedish Equities15.52%
3French Equities13.42%
4Italian Equities12.28%
5Swiss Equities10.79%
6Norwegian Equities7.24%
7Finnish Equities4.34%
8Spanish Equities4.08%
9Dutch Equities3.51%
Individual holdings
1DRILLISCH AG3.4%
2SWEDBANK AB3.31%
3VINCI SA2.93%
4ISS AS2.88%
5ING GROEP N.V.2.56%
6TRASMISSIONE ELETTRICITA RETE NAZIO2.53%
7ENDESA SA2.5%
8ZURICH FINANCIAL SERVICES2.4%
9NOBINA AB2.3%
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 Russ30/04/2010Oliver 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 V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Liontrust European Enhanced Income I Hedged Acc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price179.47
Offer price179.97
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeILA1
Liontrust European Enhanced Income I Hedged Inc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price127.01
Offer price127.36
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeILA2
Liontrust European Enhanced Income I Unhedged Acc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price116.96
Offer price117.28
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF2J
Liontrust European Enhanced Income I Unhedged Inc
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price115.93
Offer price116.25
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF2I
Liontrust European Enhanced Income R Hedged Acc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price169.53
Offer price178.5
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIKZ9
Liontrust European Enhanced Income R Hedged Inc
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price119.65
Offer price125.98
Mid price-
CurrencyGBX
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeILA0
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