Fact sheet: MainFirst Germany

Fund information
Fund name
MainFirst Germany A
Fund manager company
Main First
Fund type
Offshore Fund
Fund managers
  • Olgerd Eichlersince 01/08/2013
  • Evy Belletsince 01/08/2013
  • Alexander Dominicussince 01/08/2013
Fund objective
The Sub-fund seeks to achieve long-term capital growth in line with a reasonable risk diversification by investing the Sub-fund's assets primarily in shares and other equity-related securities with the focus on Germany, where at least two thirds of the Sub-fund's Assets are invested. Depending on the actual situation, the investment focus may be on large-cap companies or also on small and mid caps. The investment focus is such that at least 75% of the Sub-fund's assets (excluding cash and cash equivalents) is invested in shares and other equity-related securities of companies that are based in a member state of the European Union, conduct most of their business in a member state of the European Union or are holding companies whose associated companies predominantly have their registered offices in a member state of the European Union.
Benchmark
  • FSE HDAX TR EUR
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
13.9%
1 Year rank in sector
29/91
Sector
FO Equity - Europe Single Country
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.
2.01%
Fund size
£210m (£170m 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.
109
Top in this sector
Fund name1 Year
Pictet Russian Equities69.1%
Baring Russia60%
HSBC GIF Russia Equity53.9%
Pictet Russia Index45.3%
East Capital Lux Russian38.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Europe93.4%
    Money Market6.6%
  • Technology32.7%
    Industrials24.8%
    Financial Services13%
    Cyclical Consumer Goods11%
    Consumer Staples8.2%
  • Europe ex UK Equities93.4%
    Money Market6.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%5.4%6.2%13.9%77.6%169.3%
Sector0.6%9.5%7.1%11.1%20.1%68.3%
Rank within sector70 / 9383 / 9351 / 9329 / 914 / 835 / 77
Quartile4th4th3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-3.9%37.3%21.1%27.5%25.3%
Sector4.6%9.2%1.7%17.5%18.4%
Rank within sector76 / 933 / 9010 / 8327 / 8017 / 77
Quartile4th1st1st2nd1st
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.
14.62
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.
1.08
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.
1.29
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%.
15.97
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.
9.53
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.
1.54
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.
0.65
Price movement
52 week high178.53
52 week low137.84
Current bid price-
Current offer price-
Current mid price167.57
Region
1Europe93.39%
2Money Market6.61%
Industry sector
1Technology32.67%
2Industrials24.81%
3Financial Services13.02%
4Cyclical Consumer Goods10.99%
5Consumer Staples8.18%
6Money Market6.61%
7Basic Materials3.67%
8Utilities0.07%
Asset type
1Europe ex UK Equities93.39%
2Money Market6.61%
Individual holdings
1SIXT SE9.82%
2ATOSS SOFTWARE AG8.66%
3ALL FOR ONE STEEB AG7.15%
4CENIT AG6.63%
5MPC MUENCHMEYER PETERSEN CAPITAL4.9%
6LEIFHEIT AG4.75%
7KOENIG & BAUER AG4.63%
8HAPAG-LLOYD AG4.39%
9HELLA KGAA HUECK & CO4.35%
Management
Fund manager group
Main First
Fund manager company
Main First
Fund type
Offshore Fund
Fund objective
The Sub-fund seeks to achieve long-term capital growth in line with a reasonable risk diversification by investing the Sub-fund's assets primarily in shares and other equity-related securities with the focus on Germany, where at least two thirds of the Sub-fund's Assets are invested. Depending on the actual situation, the investment focus may be on large-cap companies or also on small and mid caps. The investment focus is such that at least 75% of the Sub-fund's assets (excluding cash and cash equivalents) is invested in shares and other equity-related securities of companies that are based in a member state of the European Union, conduct most of their business in a member state of the European Union or are holding companies whose associated companies predominantly have their registered offices in a member state of the European Union.
Benchmark
  • FSE HDAX TR EUR
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Olgerd Eichler01/08/2013Olgerd Eichler joined MainFirst Asset Management in July 2007. Together with Anko Beldsnijder, he co-heads the Asset Management division. He spent the previous seven years successfully managing various global funds at Union, the investment manager for co-operative banks in Germany. He ultimately had been under management and was Fund Manager of the Year 2007. The Uni Value Global and Uni Nordamerika Funds were ranked top-decile over one, three and five years. The North American equity fund was ranked first in Germany in 2006 for its three year performance. In his worst year, Olgerd still had less than 1% underperformance in just one of his funds. Previous experience includes working as investment advisor for wealthy clients at Citibank and as financial controller with Toy'R Us and Aldi.
Evy Bellet01/08/2013Evy Bellet has been a portfolio manager at MainFirst since January 2003 and is responsible for Value funds. Prior to this she was Portfolio Manager at Julius Bär Kapitalanlage AG, Frankfurt, responsible for segregated mandates, deputy for the JB-German-Value-Stock-Fund, the JB-Euroland-Value-Stock-Fund and for the JB-Patagon Deutsche-Aktien Fonds. Previous to this she was a security trader at Bank Julius Bär (Deutschland) AG and traded Eurobonds at FINACOR, Munich. Ms. Bellet has more than 19 years of experience in the finance sector.
Alexander Dominicus01/08/2013Alexander Dominicus joined MainFirst in August 2009. He is part of the Top European Ideas Fund investment team as a junior portfolio manager. Previously, Alexander did a trainee programme at MainFirst working at various departments including international work experience in London and New York. Alexander did a banking apprenticeship and holds a degree in business administration with focus on Finance from Frankfurt School of Finance and Management and Emory University Goizueta Business School.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Sweden
MainFirst Germany A
Initial charge5%
Annual charge1.5%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)2.01%
Bid price-
Offer price-
Mid price167.57
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHQ3
MainFirst Germany C
Initial charge5%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price115.29
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDWY1
Data provided by

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