Fact sheet: MI Somerset EmgMktsDivGth

Fund information
Fund name
MI Somerset Emerging Markets Dividend Growth A Acc GBP
Fund manager company
Somerset Capital Management LL
Fund type
OEIC
Fund managers
  • Edward Robertsonsince 29/10/2010
  • Edward Lamsince 28/03/2010
Fund objective
To achieve capital appreciation and income growth by mainly investing in an actively managed portfolio of dividend - paying emerging market securities.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
26.2%
1 Year rank in sector
53/56
Sector
UT Global Emerging Markets
Yield
1.7%
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.
1.26%
Fund size
£1,319m (£873m 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.
107
Mid price
164.86
Top in this sector
Fund name1 Year
Scot Wid Fdmtl Index Emg Mkt Eq51.6%
FP Hndrsn Rwe FTSERAFIEmgMkts50.2%
Neptune Emerging Markets47.2%
Templeton Global Emeg Mkts45%
Lazard Emerging Markets43.7%
...more in UT Global Emerging Markets

Performance snapshot

Holdings snapshot

  • Korea19.8%
    Taiwan10.8%
    India9.1%
    Hungary8.8%
    Turkey6%
  • Financials33.3%
    Consumer Staples20.9%
    Information Technology18.7%
    Consumer Discretionary8.7%
    Telecommunications6.1%
  • South Korean Equities19.8%
    Taiwanese Equities10.8%
    Indian Equities9.1%
    Hungarian Equities8.8%
    Turkish Equities6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%9.2%8.4%26.2%44.6%43.2%
Sector1.6%13.2%10.6%36.5%43.3%33.1%
Rank within sector53 / 5857 / 5744 / 5753 / 5631 / 487 / 39
Quartile4th4th4th4th3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund8%26.8%-6.4%8.4%-3.2%
Sector10.7%32.6%-10.6%3%-2.6%
Rank within sector56 / 5747 / 5512 / 526 / 4720 / 44
Quartile4th4th1st1st2nd
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.
3.33
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.
0.77
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.
0.69
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%.
12.54
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.
5.82
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.
0.16
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.
0.86
Price movement
52 week high167.39
52 week low122.97
Current bid price-
Current offer price-
Current mid price164.86
Region
1Korea19.77%
2Taiwan10.78%
3India9.09%
4Hungary8.82%
5Turkey5.98%
6Poland5.64%
7Brazil5.58%
8International5.24%
9South Africa5.24%
Industry sector
1Financials33.25%
2Consumer Staples20.87%
3Information Technology18.67%
4Consumer Discretionary8.74%
5Telecommunications6.08%
6Energy5.47%
7Utilities5.09%
8Money Market1.75%
9Materials0.07%
Asset type
1South Korean Equities19.77%
2Taiwanese Equities10.78%
3Indian Equities9.09%
4Hungarian Equities8.82%
5Turkish Equities5.98%
6Brazilian Equities5.58%
7International Equities5.24%
8South African Equities5.24%
9Chilean Equities5.11%
Individual holdings
1OTP BANK5.73%
2SK HYNIX INC5.31%
3SAMSUNG FIRE & MARINE3.96%
4HCL TECHNOLOGIES3.89%
5HCL TECHNOLOGIES3.89%
6PORTO SEGURO SA3.62%
7SAMSUNG ELECTRONICS CO3.48%
8POWSZECHNY ZAKLAD UBEZPIECZEN SA3.11%
9MAGYAR OLAJ-ES GAZIPARE RESZVENYTAR3.08%
Management
Fund manager group
Somerset Capital Management
Fund manager company
Somerset Capital Management LL
Fund type
OEIC
Fund objective
To achieve capital appreciation and income growth by mainly investing in an actively managed portfolio of dividend - paying emerging market securities.
Benchmark
  • MSCI Emerging Markets
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Edward Robertson29/10/2010Edward Robertson - Lead Manager & Founder (16 years experience). Edward graduated in 1989 from the University of East Anglia. He worked in Hong Kong and London, before joining Lloyd George Management in 1999. Along with Jacob Rees-Mogg, Edward built the GEM product at Lloyd George Management. He also led the focus on the EMEA region and managed the top-performing Russian Fund - SIBINCO. Edward is lead manager for the EM large cap fund and co-manager of the EM Small Cap and Dividend Growth funds.
Edward Lam28/03/2010Edward Lam is the Lead Manager of the Somerset Emerging Markets Dividend Growth Fund. Edward joined Somerset Capital Management LLP in November 2007 to cover EMEA and became responsible for managing the research process in 2008. Prior to joining the firm, Edward was a senior analyst at Lloyd George Management covering Asia for GEM mandates and Taiwan for all mandates. Edward is a graduate of Downing College, Cambridge.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
MI Somerset Emerging Markets Dividend Growth A Acc GBP
Initial charge-
Annual charge1%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price164.86
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINE9
MI Somerset Emerging Markets Dividend Growth A Inc GBP
Initial charge-
Annual charge1%
Min single investment£2,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price139.82
CurrencyGBX
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeINE8
MI Somerset Emerging Markets Dividend Growth B Acc AUD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.74
CurrencyAUX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM28R
MI Somerset Emerging Markets Dividend Growth B Acc EUR
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price160.68
CurrencyEUX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DS7
MI Somerset Emerging Markets Dividend Growth B Acc USD
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price106.4864
CurrencyUSX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIAOA
MI Somerset Emerging Markets Dividend Growth B Inc EUR
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISAYes
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price142.13
CurrencyEUX
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0DS8
MI Somerset Emerging Markets Dividend Growth B Inc USD
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price91.5461
CurrencyUSX
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIAOB
MI Somerset Emerging Markets Dividend Growth C Acc AUD
Initial charge5%
Annual charge-
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)0.01%
Bid price-
Offer price-
Mid price153.13
CurrencyAUX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGEHX
MI Somerset Emerging Markets Dividend Growth C Inc AUD
Initial charge5%
Annual charge-
Min single investment£500,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.01%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price-
CurrencyAUX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGEHY
Data provided by

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