Fact sheet: MontLake NthMaxQMroUcits

Fund information
Fund name
MontLake North MaxQ Macro UCITS Inst USD
Fund manager company
ML Capital Asset Mgt Ltd
Fund type
OEIC
Fund manager
No data available.
Fund objective
The North MaxQ Macro UCITS Fund is a global macro fund that seeks to generate absolute positive returns over a market cycle that is uncorrelated to other global macro managers, the broad fund universe as well as interest rate, foreign exchange and equity indices. The investment manager identifies micro-economic and country specific imbalances to develop views and corresponding trading strategies. These strategies provide a diverse source of alpha and are expressed through thematic, relative value, counter-trend and quantitative exposures. The exposures are constructed to offer the best asymmetric payoff, while minimising expected correlations and providing protection against downside gap-risk. The investment manager prefers to take risk across a number of different strategies. Risk is monitored in real-time at the strategy and portfolio level and individual strategy stop-loss limits are established at the inception of each trade.
Benchmark
  • 3-months Euribor
Investment style
Macro,Active
Investment method
Mixed
Quick stats
1 Year return
-14.5%
1 Year rank in sector
145/148
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.
1.82%
Fund size
£0m
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.
132
Top in this sector
Fund name1 Year
H2O MultiStrategies36.4%
Castellain Value26.2%
Garraway Fn Trds22.5%
GLG Mkt Neutral20.6%
Pimco GIS Stk Pl19.1%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%-0.9%-2.1%-14.5%-10.8%-
Sector0.4%-0.1%1.8%1.9%3.1%7.1%
Rank within sector73 / 161119 / 170142 / 160145 / 14899 / 102-
Quartile2nd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-2.4%-14.7%7.6%--
Sector1%-0.5%-0.6%5.1%1.4%
Rank within sector145 / 165131 / 1356 / 112--
Quartile4th4th1st
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.
-2.83
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.
-0.19
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%.
9.43
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.
9.74
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.
-0.48
Price movement
52 week high102.57
52 week low87.17
Current bid price-
Current offer price-
Current mid price87.79
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
ML Capital Asset Mgt
Fund manager company
ML Capital Asset Mgt Ltd
Fund type
OEIC
Fund objective
The North MaxQ Macro UCITS Fund is a global macro fund that seeks to generate absolute positive returns over a market cycle that is uncorrelated to other global macro managers, the broad fund universe as well as interest rate, foreign exchange and equity indices. The investment manager identifies micro-economic and country specific imbalances to develop views and corresponding trading strategies. These strategies provide a diverse source of alpha and are expressed through thematic, relative value, counter-trend and quantitative exposures. The exposures are constructed to offer the best asymmetric payoff, while minimising expected correlations and providing protection against downside gap-risk. The investment manager prefers to take risk across a number of different strategies. Risk is monitored in real-time at the strategy and portfolio level and individual strategy stop-loss limits are established at the inception of each trade.
Benchmark
  • 3-months Euribor
Investment style
Macro,Active
Investment method
Mixed
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Ireland, Offshore
MontLake North MaxQ Macro UCITS Inst EUR
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price86.8245
CurrencyEUR
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKG8F
MontLake North MaxQ Macro UCITS Inst GBP
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price82.7305
CurrencyGBP
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMQHJ
MontLake North MaxQ Macro UCITS Inst Pooled CHF
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price85.978
CurrencyCHF
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKO6Y
MontLake North MaxQ Macro UCITS Inst Pooled EUR
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price85.4508
CurrencyEUR
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKA6G
MontLake North MaxQ Macro UCITS Inst Pooled GBP
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.0021
CurrencyGBP
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKO6X
MontLake North MaxQ Macro UCITS Inst Pooled USD
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.3777
CurrencyUSD
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKO6Z
MontLake North MaxQ Macro UCITS Inst USD
Initial charge-
Annual charge1.5%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)1.82%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price87.7902
CurrencyUSD
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKA6H
MontLake North MaxQ Macro UCITS RP CHF
Initial charge-
Annual charge2%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price80.6443
CurrencyCHF
Price updated17/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE5IA
MontLake North MaxQ Macro UCITS RP EUR
Initial charge-
Annual charge2%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.6145
CurrencyEUR
Price updated17/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNOYQ
MontLake North MaxQ Macro UCITS RP GBP
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNOYR
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.