Fact sheet: ML OZ Erp MltStg UCITS

Fund information
Fund name
ML Och Ziff European Multi-Strategy UCITS C Acc EUR
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund manager
  • David Windreichsince 30/03/2011
Fund objective
The investment objective of the Fund is to achieve consistent, positive returns. This is done primarily by seeking to take advantage of pricing inefficiencies in equity and debt securities of European companies, companies that have significant operations in, or derive a significant portion of their revenue from, Europe or are involved in cross-border activities or other significant events with a company domiciled in Europe, through the use of various strategies: (1) Long/Short Equity Special Situations - where the Fund gains exposure to companies involved in extraordinary corporate events; (2) Merger Arbitrage - which involves the purchase and sale of securities of companies involved in corporate reorganizations; (3) Convertible/ Derivative Arbitrage - where the Fund will seek gains from pricing differences between equity securities and convertible securities; and (4) Credit - which targets debt related investment opportunities such as bond investments and distressed debt securities in various stages of the economic and credit cycle.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
0.1%
1 Year rank in sector
93/148
Sector
FO Hedge/Stru Prod - Mixed
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
£23m (£244m 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.
78
Top in this sector
Fund name1 Year
H2O MultiStrategies32.7%
Castellain Value26.2%
Garraway Fn Trds24.5%
GLG Mkt Neutral20.6%
Avia Altus18.1%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

  • Italy7.4%
    Ireland5.9%
    Mexico5.3%
    Spain4.1%
    Sweden2.5%
  • Others26.2%
    Industrials7.3%
    Utilities4.1%
    Consumer Discretionary2.1%
    Financials1.1%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-0%2.5%0.1%-1.4%13.9%
Sector0.4%0%1.8%1.9%3.2%7.2%
Rank within sector93 / 16398 / 17065 / 16093 / 14880 / 10232 / 84
Quartile3rd3rd2nd3rd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund1%-4.9%4.4%-7.5%13.7%
Sector1.1%-0.5%-0.6%5.1%1.4%
Rank within sector83 / 165107 / 13521 / 11294 / 959 / 84
Quartile3rd4th1st4th1st
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.
-2.74
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.
1.2
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
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%.
6.58
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.
6.09
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.
-0.44
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.
0.15
Price movement
52 week high107.83
52 week low101.34
Current bid price-
Current offer price-
Current mid price105.62
Region
1Italy7.35%
2Ireland5.87%
3Mexico5.29%
4Spain4.1%
5Sweden2.53%
6USA2.43%
7South Africa2.13%
8Portugal1.58%
9Denmark1.21%
Industry sector
1Others26.16%
2Industrials7.29%
3Utilities4.14%
4Consumer Discretionary2.07%
5Financials1.05%
6Materials1.04%
7Information Technology0.78%
8Real Estate-1.24%
9Energy-2.56%
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 investment objective of the Fund is to achieve consistent, positive returns. This is done primarily by seeking to take advantage of pricing inefficiencies in equity and debt securities of European companies, companies that have significant operations in, or derive a significant portion of their revenue from, Europe or are involved in cross-border activities or other significant events with a company domiciled in Europe, through the use of various strategies: (1) Long/Short Equity Special Situations - where the Fund gains exposure to companies involved in extraordinary corporate events; (2) Merger Arbitrage - which involves the purchase and sale of securities of companies involved in corporate reorganizations; (3) Convertible/ Derivative Arbitrage - where the Fund will seek gains from pricing differences between equity securities and convertible securities; and (4) Credit - which targets debt related investment opportunities such as bond investments and distressed debt securities in various stages of the economic and credit cycle.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Fund manager
NameSinceBiography
David Windreich30/03/2011
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V 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 Och Ziff European Multi-Strategy UCITS B Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)2.41%
Bid price-
Offer price-
Mid price109.93
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNIQ
ML Och Ziff European Multi-Strategy 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)1.97%
Total expense ratio (TER)2.41%
Bid price-
Offer price-
Mid price112.88
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNIR
ML Och Ziff European Multi-Strategy 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)1.91%
Total expense ratio (TER)2.41%
Bid price-
Offer price-
Mid price113.9
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNIS
ML Och Ziff European Multi-Strategy UCITS B Inc GBP
Initial charge-
Annual charge2%
Min single investment£1,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.48
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJNIB
ML Och Ziff European Multi-Strategy UCITS B2 H Acc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price505.07
CurrencyEUR
Price updated16/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7OM
ML Och Ziff European Multi-Strategy UCITS C Acc EUR
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)3.2%
Bid price-
Offer price-
Mid price105.62
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGNIO
ML Och Ziff European Multi-Strategy UCITS C Acc GBP
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)3.2%
Bid price-
Offer price-
Mid price105.68
CurrencyGBP
Price updated04/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGNIP
ML Och Ziff European Multi-Strategy UCITS C Acc USD
Initial charge5%
Annual charge2.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)3.2%
Bid price-
Offer price-
Mid price109.02
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGNIN
ML Och Ziff European Multi-Strategy UCITS Z Acc EUR
Initial charge5%
Annual charge2%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.45%
Bid price-
Offer price-
Mid price103.45
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJCYM
ML Och Ziff European Multi-Strategy UCITS Z Acc GBP
Initial charge5%
Annual charge2%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.45%
Bid price-
Offer price-
Mid price107.96
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJCYN
ML Och Ziff European Multi-Strategy UCITS Z Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.1
CurrencyUSD
Price updated19/11/2014
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKZ9T
Data provided by

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