Fact sheet: Melchior ST Gbl Mlti ast

Fund information
Fund name
Melchior ST Global Multi asset C GBP
Fund manager company
Melchior Selected Trust
Fund type
Offshore Fund
Fund managers
  • Andrew Daltonsince 30/03/2007
  • Luca Vaianisince 01/01/2013
  • Rupert Caldecottsince 30/03/2007
Fund objective
Capital appreciation through diversified investment in equities, bonds and cash. The fund offers an active approach to asset allocation with a view to obtaining positive absolute returns.
Benchmark
  • No Specified Index
Investment style
Flexible,Absolute Return
Investment method
Hedge Funds
Quick stats
1 Year return
2.9%
1 Year rank in sector
33/128
Sector
FO Absolute Return
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.
2.05%
Fund size
£4m
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.
35
Top in this sector
Fund name1 Year
SW Mitchell Emerging European18.3%
Pioneer SICV-AbsRetBd16.1%
Polar Capital UK Abs Eq14.6%
BlackRock SFAmDfEAbslRn13.7%
Orbis Optimal SA11%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • Europe26.8%
    Money Market26.6%
    Asia18.5%
    Others13.9%
    North America9%
  • Fixed Interest34.4%
    Equities21.3%
    Money Market17.7%
    Relative Value14.7%
    Commodity & Energy11.9%
  • Global Fixed Interest31%
    Money Market26.6%
    International Equities15.2%
    Commodity & Energy13.6%
    Hedge13.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%2.5%2.5%2.9%10.8%9.8%
Sector0.1%1.4%1.5%0.3%3.7%10.6%
Rank within sector36 / 13932 / 13741 / 13533 / 12815 / 7832 / 59
Quartile2nd1st2nd2nd1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.1%6%3.8%-3.8%2.7%
Sector0.5%0.7%1.2%3.6%3.9%
Rank within sector55 / 13220 / 11621 / 8866 / 7145 / 62
Quartile2nd1st1st4th3rd
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.
2.37
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.
1.1
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.
0.14
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%.
3.59
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.
2.92
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.
0.85
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.
0.34
Price movement
52 week high113.24
52 week low107.42
Current bid price-
Current offer price-
Current mid price112.31
Region
1Europe26.8%
2Money Market26.6%
3Asia18.5%
4Others13.9%
5North America9%
6Japan7.7%
7Europe & Middle East-2.5%
Industry sector
1Fixed Interest34.44%
2Equities21.28%
3Money Market17.7%
4Relative Value14.66%
5Commodity & Energy11.92%
Asset type
1Global Fixed Interest31%
2Money Market26.6%
3International Equities15.2%
4Commodity & Energy13.6%
5Hedge13.6%
Individual holdings
No data available.
Management
Fund manager group
Melchior Selected Trust
Fund manager company
Melchior Selected Trust
Fund type
Offshore Fund
Fund objective
Capital appreciation through diversified investment in equities, bonds and cash. The fund offers an active approach to asset allocation with a view to obtaining positive absolute returns.
Benchmark
  • No Specified Index
Investment style
Flexible,Absolute Return
Investment method
Hedge Funds
Fund managers
NameSinceBiography
Andrew Dalton30/03/2007Andrew Dalton, Managing Partner, has over 35 years investment experience. He was with S G Warburg & Co Ltd before becoming a director of Mercury Asset Management Group Plc and subsequently Merrill Lynch Investment Managers. Andrew is currently CIO of Dalton Strategic Partnership LLP. He leads the global investment team and also manages the Global Asset Allocation strategies.
Luca Vaiani01/01/2013Luca joined Dalton Strategic Partnership in September 2012 and has managed the MST Global Multi-Asset Fund since 1 January 2013. From 2005 to 2012 Luca worked for Fondaco SGR in Turin, Italy, where he was responsible for active strategies and alternative investments and has managed global multi-asset absolute return funds for institutional investors. In addition he chaired the investment committee of a private equity infrastructure fund and has advised institutional investors on alternative investments. Luca also served as Chairman of the Board of Directors at Fondaco Lux S.A.. Prior to this he was responsible for Asian and Japanese equity funds at Sanpaolo Asset Management SGR (now called Eurizon Capital SGR). Luca also managed global equity and balanced funds for Sanpaolo Asset Management, after joining the company in the asset allocation research team in 1998. Luca has a Master’s Degree in Economics from Universita’ Commerciale L. Bocconi in Milan.
Rupert Caldecott30/03/2007Rupert Caldecott, Partner, worked for the Schroder group for 28 years, including periods as managing director of its securities and private wealth management businesses. He was latterly a director of Cazenove Capital Management. He has a degree in Modern languages from Worcester College, Oxford.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Spain, United Kingdom, Italy, Luxembourg, Offshore
Melchior ST Global Multi asset C GBP
Initial charge-
Annual charge1.75%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.3104
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKEXS
Melchior ST Global Multi asset C Inc GBP
Initial charge-
Annual charge1.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.1619
CurrencyGBP
Price updated29/04/2010
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA4U8
Melchior ST Global Multi asset I1 Hedged Acc EUR
Initial charge-
Annual charge-
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.1732
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSK0
Melchior ST Global Multi asset I1 Hedged Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.7487
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI0DL
Melchior ST Global Multi asset I2 Hedged USD
Initial charge-
Annual charge-
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.4134
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSK1
Melchior ST Global Multi asset I7 GBP
Initial charge-
Annual charge1%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.0968
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeA4V1
Melchior ST Global Multi asset P2 Hedged USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.391
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI0DM
Data provided by

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