Fact sheet: Melchior ST Eurpn AbRtn

Fund information
Fund name
Melchior ST European Absolute Return C GBP
Fund manager company
Melchior Selected Trust
Fund type
Offshore Fund
Fund manager
  • Leonard Charltonsince 01/02/2010
Fund objective
This Fund is designed to achieve absolute returnsirrespective of market conditions. The investment team achieves this objective by taking long and short positions in listed European equities.
Benchmark
  • No Specified Index
Investment style
Long/Short,Absolute Return
Investment method
Equity
Quick stats
1 Year return
-6.2%
1 Year rank in sector
84/105
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.
2.25%
Fund size
£600m (£533m 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.
34
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS20.8%
BlackRock SF Asia Extnn18.8%
Income Partners AllSeasnAsCred18.7%
Ennismore Eurpn Smallar Cos18.4%
Majedie Tortoise17.1%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • UK11.4%
    Ireland10.1%
    Germany6.3%
    Denmark5.9%
    France5.5%
  • Consumer Discretionary11.8%
    Financials6.4%
    Industrials4.4%
    Real Estate4.4%
    Consumer Staples3.9%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-3.6%-7%-6.2%4.4%-4.5%
Sector0.6%1.8%1.4%-0.6%5.4%15.6%
Rank within sector105 / 122116 / 121111 / 11584 / 10548 / 7447 / 53
Quartile4th4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-7.6%6.2%5.3%-3.6%-5.2%
Sector-1.8%2.7%2.5%7.1%3.9%
Rank within sector94 / 11132 / 9828 / 7963 / 7056 / 58
Quartile4th2nd2nd4th4th
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.
1.58
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.
-0.21
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%.
4.09
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.
5.68
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.
0.03
Price movement
52 week high121.6
52 week low110.5
Current bid price-
Current offer price-
Current mid price111.03
Region
1UK11.4%
2Ireland10.1%
3Germany6.3%
4Denmark5.9%
5France5.5%
6Italy4.1%
7Luxembourg1.4%
8Switzerland0.8%
9Portugal0.6%
Industry sector
1Consumer Discretionary11.8%
2Financials6.4%
3Industrials4.4%
4Real Estate4.4%
5Consumer Staples3.9%
6Health Care3.7%
7Energy2.2%
8Utilities2%
9Telecommunications1.7%
Asset type
No data available.
Individual holdings
1PANDORA AS4.4%
2DEUTSCHE POST AG3.7%
3KERRY GROUP PLC3.7%
4IMPERIAL TOBACCO GROUP PLC3%
5INMOBILIARIA COLONIAL SA2.9%
6FINECOBANK SPA2.8%
7HAVAS2.5%
8AMUNDI - W/I2.4%
9BABCOCK INTL GROUP PLC2.4%
Management
Fund manager group
Melchior Selected Trust
Fund manager company
Melchior Selected Trust
Fund type
Offshore Fund
Fund objective
This Fund is designed to achieve absolute returnsirrespective of market conditions. The investment team achieves this objective by taking long and short positions in listed European equities.
Benchmark
  • No Specified Index
Investment style
Long/Short,Absolute Return
Investment method
Equity
Fund manager
NameSinceBiography
Leonard Charlton01/02/2010Leonard Charlton, Partner, has experience in trading and investment dating back to 1998. He started his career as an equity trader for Goldman Sachs before moving to GLG in 2003, where he was Co-Manager of the GLG European Opportunity Fund. He joined Dalton Strategic Partnership in 2006 to launch the Melchior European Fund. He holds a BSc in Management Science from the University of Manchester Institute of Science and Technology. Prior to joining Dalton Strategic Partnership in 2006, he worked for GLG Partners where he was co-manager of the GLG European Opportunity Fund. Prior to this he was an equity trader for Goldman Sachs International. He holds a BSc in Management Science from the University of Manchester Institute of Science and Technology.
Compliance
Transparent for Austrian Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Offshore
Melchior ST European Absolute Return A1 EUR
Initial charge-
Annual charge2%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.0567
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5N1
Melchior ST European Absolute Return C GBP
Initial charge-
Annual charge2%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.0255
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5N5
Melchior ST European Absolute Return I1 EUR
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.6399
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI5N3
Melchior ST European Absolute Return I2 USD
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.9397
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI5N4
Melchior ST European Absolute Return I3 JPY
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9855.4882
CurrencyJPY
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code12J3
Melchior ST European Absolute Return I7 GBP
Initial charge-
Annual charge1.5%
Min single investment£250,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.6136
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI5N6
Melchior ST European Absolute Return J2 Hedged USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.0196
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE25M
Melchior ST European Absolute Return X2 USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.2221
CurrencyUSD
Price updated20/06/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKAVZ
Data provided by

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