Fact sheet: MFM Techinvest Technology

Fund information
Fund name
MFM Techinvest Technology A Acc
Fund manager company
MFM
Fund type
OEIC
Fund managers
  • Conor McCarthysince 18/05/2003
  • Darren Freemantlesince 18/05/2003
Fund objective
The aim of the MFM Techinvest Technology Fund is to provide capital growth and the accumulation of income through a globally invested portfolio of equities and bonds. Emphasis is placed on technology-based businesses worldwide. It is envisaged that up to 75% of the total fund value is normally invested in securities quoted on the London Stock Exchange, with the balance invested elsewhere, primarily North America.
Benchmark
  • FTSE techMark All Share
Investment style
None
Investment method
Shares
Quick stats
1 Year return
18.6%
1 Year rank in sector
5/6
Sector
UT Technology & Telecoms
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.
1.72%
Fund size
£43m (£37m 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.
121
Mid price
420.29
Top in this sector
Fund name1 Year
L&G Gbl Technology Idx Trst28%
AXA Framlington Gbl Tech27.4%
Cavendish Technology24.3%
Henderson Global Technology23.9%
MFM Techinvest Technology18.6%
...more in UT Technology & Telecoms

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%2.1%19.4%18.6%21.6%123%
Sector-3.6%3.7%21%20.9%54.3%112%
Rank within sector2 / 76 / 76 / 75 / 66 / 63 / 6
Quartile2nd4th4th4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund19.8%-6.1%3.4%55%20.9%
Sector21.1%8%14%28.3%10.6%
Rank within sector6 / 76 / 66 / 61 / 62 / 6
Quartile4th4th4th1st2nd
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.
-1.67
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.
0.64
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.
0.33
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%.
13.96
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.
12.07
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.
-0.6
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.
0.35
Price movement
52 week high436.84
52 week low297.72
Current bid price-
Current offer price-
Current mid price420.29
Region
1USA75%
2UK18%
3Canada7%
Industry sector
No data available.
Asset type
1US Equities75%
2UK Equities18%
3Canadian Equities7%
Individual holdings
1FACEBOOK INC6.29%
2RADCOM5.75%
3MITEK SYSTEMS INC4.16%
4SANDVINE CORP3.59%
5RADISYS CORP3.36%
6CERAGON NETWORKS3.34%
7APPLIED OPTOELECTRONICS INC3.3%
8XACTLY CORP3.17%
9SAPIENS INTERNATIONAL CORP NV3.14%
Management
Fund manager group
MFM
Fund manager company
MFM
Fund type
OEIC
Fund objective
The aim of the MFM Techinvest Technology Fund is to provide capital growth and the accumulation of income through a globally invested portfolio of equities and bonds. Emphasis is placed on technology-based businesses worldwide. It is envisaged that up to 75% of the total fund value is normally invested in securities quoted on the London Stock Exchange, with the balance invested elsewhere, primarily North America.
Benchmark
  • FTSE techMark All Share
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Conor McCarthy18/05/2003Conor is founder and editor of the Techinvest stockmarket newsletter. Before devoting himself full-time to Techinvest in 1993, Conor spent 30 years working in the telecoms industry for multinational companies in the UK, Canada and Ireland. Between 1982 and 1993 he had the project management function on major telecommunications projects for a number of countries including Ireland, Kenya and Germany. Conor is the lead fund manager for the MFM Techinvest Technology Fund and the MFM Techinvest Special Situations Fund since its inception in May 2003. Conor is also a member of the Advisory Committee of the Campus Companies Venture Capital Fund, set up in May 1998 with funding from an Irish Government agency and the seven principal universities in Ireland, to commercialise research.
Darren Freemantle18/05/2003Darren is co-manager for the MFM Techinvest Technology Fund and the MFM Techinvest Special Situations Fund, and a regular contributor to the Techinvest stock market newsletter. Darren began his career as a software engineer at GEC Marconi Avionics before moving to Lloyd’s of London as a systems analyst. Prior to joining Techinvest in 2003, he was at Steria, a pan-European IT service provider, where he held several positions in business development and consultancy. Darren holds an HNDip in Computing and a Masters in Finance from the National College of Ireland.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MFM Techinvest Technology A Acc
Initial charge5%
Annual charge1.6%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.71%
Bid price-
Offer price-
Mid price420.29
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJY44
MFM Techinvest Technology B Acc
Initial charge5%
Annual charge1.1%
Min single investment£50,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.22%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price429.01
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3PU
MFM Techinvest Technology P Acc
Initial charge5%
Annual charge0.85%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price432.45
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI3PV
Data provided by

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