Fact sheet: ML IS Yrk Evnt Drn Ucits

Fund information
Fund name
ML IS York Event Driven Ucits F USD
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund managers
  • James Dinansince 29/07/2009
  • Daniel Schwartzsince 29/07/2009
Fund objective
The investment objective of the York Event-Driven UCITS Fund (the “Fund”) is to achieve attractive risk-adjusted investment results over time. The Fund attempts to realize its objective by investing principally in securities subject to or potentially subject to meaningful corporate activity where the investment manager believes the market price does not adequately reflect the effect that such activity will have on the securities’ valuation. The Fund focuses primarily on three areas of investment opportunities: arbitrage, special situations, and distressed (collectively, “Event-Driven Strategies”).
Benchmark
  • European Overnight Index Average (EONIA) (Total Return Gross)
Investment style
Event Driven-Multi Strategy
Investment method
Equity
Quick stats
1 Year return
-12.4%
1 Year rank in sector
97/106
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
£160m (£909m 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
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS23.1%
Ennismore Eurpn Smallar Cos19%
Income Partners AllSeasnAsCred18.5%
Majedie Tortoise17.3%
BlackRock SF Asia Extnn15.2%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • North America56.1%
    Europe15%
    Asia1%
    Others0.1%
  • Information Technology25.4%
    Consumer Staples16.9%
    Health Care15.9%
    Materials12.3%
    Consumer Discretionary8.7%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.5%3.6%-12.4%-8.1%13.4%
Sector0.3%1.1%1.3%-1.4%5.2%15.4%
Rank within sector75 / 12026 / 12228 / 11597 / 10670 / 7532 / 53
Quartile3rd1st1st4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-3.6%-17.5%5.6%25.5%4.5%
Sector-1.8%2.7%2.5%7.1%3.9%
Rank within sector71 / 11298 / 10026 / 8111 / 7237 / 59
Quartile3rd4th2nd1st3rd
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.
-6.55
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.
2.77
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.
-0.01
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%.
12.46
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.
10.25
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.
-0.37
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.
0.55
Price movement
52 week high118.31
52 week low95.03
Current bid price-
Current offer price-
Current mid price103.61
Region
1North America56.06%
2Europe15.04%
3Asia1.02%
4Others0.12%
Industry sector
1Information Technology25.44%
2Consumer Staples16.9%
3Health Care15.85%
4Materials12.31%
5Consumer Discretionary8.65%
6Telecommunications Utilities6.33%
7Financials5.26%
8Utilities4.21%
9Industrials2.66%
Asset type
No data available.
Individual holdings
1SABMILLER ORD USD0.109.22%
2MEDIVATION INC9.2%
3EMC CORP8.53%
4LINKEDIN CORP6.15%
5ITC HLDGS CORP5.91%
Management
Fund manager group
Merrill Lynch
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund objective
The investment objective of the York Event-Driven UCITS Fund (the “Fund”) is to achieve attractive risk-adjusted investment results over time. The Fund attempts to realize its objective by investing principally in securities subject to or potentially subject to meaningful corporate activity where the investment manager believes the market price does not adequately reflect the effect that such activity will have on the securities’ valuation. The Fund focuses primarily on three areas of investment opportunities: arbitrage, special situations, and distressed (collectively, “Event-Driven Strategies”).
Benchmark
  • European Overnight Index Average (EONIA) (Total Return Gross)
Investment style
Event Driven-Multi Strategy
Investment method
Equity
Fund managers
NameSinceBiography
James Dinan29/07/2009
Daniel Schwartz29/07/2009
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 York Event Driven Ucits A Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price117.52
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBN6
ML IS York Event Driven Ucits A CHF
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price80.03
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK8RD
ML IS York Event Driven Ucits A EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price116.47
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBN4
ML IS York Event Driven Ucits A Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price117.41
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIBN7
ML IS York Event Driven Ucits A USD
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price117.11
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBN5
ML IS York Event Driven 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)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price124.09
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBO1
ML IS York Event Driven Ucits B EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price123.69
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBN8
ML IS York Event Driven Ucits B Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price124.58
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIBO2
ML IS York Event Driven Ucits B USD
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price125.16
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBO0
ML IS York Event Driven Ucits C EUR
Initial charge5%
Annual charge2.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price115.23
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBO3
ML IS York Event Driven Ucits C Inc GBP
Initial charge5%
Annual charge2.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price116.92
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIBO6
ML IS York Event Driven Ucits C USD
Initial charge5%
Annual charge2.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price116.57
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIBO4
ML IS York Event Driven Ucits D Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price132.57
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBO9
ML IS York Event Driven Ucits D EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price131.53
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBO7
ML IS York Event Driven Ucits D USD
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.47%
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price133.21
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIBO8
ML IS York Event Driven Ucits E CHF
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price84.87
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK1OB
ML IS York Event Driven Ucits E EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price109.52
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0VVP
ML IS York Event Driven Ucits E GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price109.46
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0D42
ML IS York Event Driven Ucits E H Acc AUD
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price82.55
CurrencyAUD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM41L
ML IS York Event Driven Ucits E Inc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price102.8
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3RD
ML IS York Event Driven Ucits E SEK
Initial charge-
Annual charge1.5%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price430.95
CurrencySEK
Price updated17/02/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0J1K
ML IS York Event Driven Ucits E USD
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.91%
Bid price-
Offer price-
Mid price109.56
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0VVO
ML IS York Event Driven Ucits F CHF
Initial charge5%
Annual charge2.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price99.65
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VVT
ML IS York Event Driven Ucits F EUR
Initial charge5%
Annual charge2.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price102.14
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VVS
ML IS York Event Driven Ucits F GBP
Initial charge5%
Annual charge2.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price99.79
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VVR
ML IS York Event Driven Ucits F USD
Initial charge5%
Annual charge2.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.95%
Bid price-
Offer price-
Mid price103.61
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0VVQ
ML IS York Event Driven Ucits Z EUR
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price103.32
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJDGU
ML IS York Event Driven Ucits Z GBP
Initial charge5%
Annual charge1.5%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price102.75
CurrencyGBP
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJDGT
ML IS York Event Driven Ucits Z USD
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price78.96
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKKSY
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.