Fact sheet: ML IS Marsh WaTopsUcit

Fund information
Fund name
ML IS Marshall Wace Tops Ucits C Acc EUR
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund managers
  • Alan Hofmeyrsince 23/11/2007
  • Anthony Clakesince 23/11/2007
Fund objective
The Marshall Wace TOPS UCITS Fund (Market Neutral) seeks to deliver consistent absolute returns by capturing the alpha resident within investment banks, research boutiques and local brokers worldwide via proprietary optimization and risk management techniques. The Fund aims to generate an annualised return (after payment of fees and expenses) of 8% with low volatility target of 3%-5%.
Benchmark
  • EONIA Total Return Index
Investment style
Absolute Return
Investment method
Equity
Quick stats
1 Year return
-0.4%
1 Year rank in sector
50/106
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.
2.76%
Fund size
£3,139m (£2,680m 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.
65
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS21.8%
Ennismore Eurpn Smallar Cos19.3%
Income Partners AllSeasnAsCred18.7%
Majedie Tortoise16.8%
BlackRock SF Asia Extnn15.8%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-1%-0.5%-0.4%16.2%30.9%
Sector0.5%1.3%1.3%-1%5.4%15.9%
Rank within sector88 / 12094 / 12269 / 11650 / 10618 / 7516 / 53
Quartile3rd4th3rd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund-1.5%8%6.2%7.4%5.9%
Sector-1.8%2.7%2.5%7.1%3.9%
Rank within sector54 / 11222 / 10021 / 8146 / 7230 / 59
Quartile2nd1st2nd3rd3rd
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.
5.14
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.
-0.09
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%.
3.52
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.
5.05
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.
0.56
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.
0.01
Price movement
52 week high134.85
52 week low129.81
Current bid price-
Current offer price-
Current mid price131.32
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Merrill Lynch
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund objective
The Marshall Wace TOPS UCITS Fund (Market Neutral) seeks to deliver consistent absolute returns by capturing the alpha resident within investment banks, research boutiques and local brokers worldwide via proprietary optimization and risk management techniques. The Fund aims to generate an annualised return (after payment of fees and expenses) of 8% with low volatility target of 3%-5%.
Benchmark
  • EONIA Total Return Index
Investment style
Absolute Return
Investment method
Equity
Fund managers
NameSinceBiography
Alan Hofmeyr23/11/2007Alan joined Marshall Wace in May 2008 and is Head of Quantitative Research. He joined from Lehman Brothers, where he was head of the Quantitative Portfolio Advisory team, advising quantitative asset managers on key elements of the investment process including alpha generation, risk modeling and portfolio construction. Alan holds an MBA in Finance with Distinction from the London Business School, and a BA Hons in Economics from the University of Nottingham.
Anthony Clake23/11/2007Anthony Clake has been responsible for the evolution of the TOPS strategies since their inception in 2001. As the Global Product Manager for TOPS, he has overseen the geographic expansion of this investment process across Europe, Asia, North and South America as well as Emerging Markets. In recognition of his contribution to the development of Marshall Wace Anthony was made a partner of the firm in 2004. Anthony joined Marshall Wace in August 2001 directly from university following consultancy work with the company during 1999 and 2000. Previously he studied Philosophy, Politics and Economics at Queen's College, Oxford.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
ML IS Marshall Wace Tops Ucits A Acc EUR
Initial charge-
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)2.06%
Bid price-
Offer price-
Mid price137.54
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWP3
ML IS Marshall Wace Tops Ucits A Acc USD
Initial charge-
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.06%
Total expense ratio (TER)2.06%
Bid price-
Offer price-
Mid price136.37
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWP6
ML IS Marshall Wace Tops Ucits A Inc EUR
Initial charge-
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)2.06%
Bid price-
Offer price-
Mid price139.58
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWP4
ML IS Marshall Wace Tops Ucits A Inc GBP
Initial charge-
Annual charge1.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)2.06%
Bid price-
Offer price-
Mid price136.9
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWP5
ML IS Marshall Wace Tops Ucits B Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price137.09
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWP8
ML IS Marshall Wace Tops Ucits B Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price140.38
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHTF6
ML IS Marshall Wace Tops Ucits B Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.81%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price141.67
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBP2
ML IS Marshall Wace Tops Ucits B Inc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price117.94
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIBP3
ML IS Marshall Wace Tops Ucits B Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price139.14
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWP7
ML IS Marshall Wace Tops Ucits C Acc EUR
Initial charge5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price131.32
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWP9
ML IS Marshall Wace Tops Ucits C Acc GBP
Initial charge5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price126.8
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWQ0
ML IS Marshall Wace Tops Ucits C Acc USD
Initial charge5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price128
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeICN1
ML IS Marshall Wace Tops Ucits C Inc EUR
Initial charge5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price115
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIBP4
ML IS Marshall Wace Tops Ucits C Inc GBP
Initial charge5%
Annual charge2.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price133.13
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIBP5
ML IS Marshall Wace Tops Ucits G Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price131.08
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNIL
ML IS Marshall Wace Tops Ucits G Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price133.53
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNIK
ML IS Marshall Wace Tops Ucits G Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)1.85%
Bid price-
Offer price-
Mid price132.73
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNIM
ML IS Marshall Wace Tops Ucits Z Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.42
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQJR
ML IS Marshall Wace Tops Ucits Z Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.36
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSCO
Data provided by

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