Fact sheet: Montanaro Europ Inc

Fund information
Fund name
Montanaro European Income
Fund manager company
Montanaro Eurpn Smaller Co Plc
Fund type
OEIC
Fund manager
  • George Cookesince 05/07/2016
Fund objective
The investment objective of the Fund is to outperform its Benchmark, the MSCI Europe (ex-UK) SmallCap (Capital Return) Index.
Benchmark
  • MSCI Europe ex UK Small Cap
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
26.5%
1 Year rank in sector
3/47
Sector
FO Equity - Small Cap Europe
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.
0.22%
Fund size
£126m (£121m 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.
91
Top in this sector
Fund name1 Year
Old Mutual Eur(ExUK)SmCo39%
SEB 2 Estn Eur Sm Cap35%
T. Rowe Price Eurpn SmCo Eq26.6%
Montanaro Europ Inc26.5%
Mandarine Uni Sm&MidCpsEur23.8%
...more in FO Equity - Small Cap Europe

Performance snapshot

Holdings snapshot

  • Italy17.1%
    Germany15.3%
    Sweden15%
    Spain13.3%
    France9.7%
  • Financials29.4%
    Industrials27.4%
    Consumer Discretionary15.7%
    Consumer Staples6.9%
    Materials6.9%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%14%14.6%26.5%36.3%-
Sector0.5%10.8%5%6.5%35.3%102.5%
Rank within sector19 / 4717 / 473 / 473 / 4722 / 42-
Quartile2nd2nd1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund15.1%23.1%-6.5%18.3%-
Sector-1.5%23.6%3.2%29.7%22.3%
Rank within sector3 / 4728 / 4741 / 4539 / 41-
Quartile1st3rd4th4th
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.
5.02
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.
0.56
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.
0.78
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%.
10.54
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.
9.97
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.
-0.02
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.
0.44
Price movement
52 week high1.62
52 week low1.25
Current bid price-
Current offer price-
Current mid price1.57
Region
1Italy17.08%
2Germany15.3%
3Sweden14.98%
4Spain13.31%
5France9.69%
6Switzerland8.15%
7Denmark6.52%
8Portugal4.4%
9Money Market2.99%
Industry sector
1Financials29.4%
2Industrials27.44%
3Consumer Discretionary15.68%
4Consumer Staples6.86%
5Materials6.86%
6Health Care3.92%
7Information Technology2.94%
8Utilities2.94%
9Money Market2%
Asset type
No data available.
Individual holdings
1MERLIN PROPERTIES SOCIMI SA3.19%
2LOOMIS AB3.13%
3MARR3.13%
4HUFVUDSTADEN AB3%
5CERVED INFORMATION SOLUTIONS SPA2.86%
6RED ELECTRICA CORPORACION SA2.84%
7BOLSAS Y MERCADOS ESPANOLES2.79%
8BERTRANDT AG2.71%
9EURONEXT NV2.64%
Management
Fund manager group
Montanaro
Fund manager company
Montanaro Eurpn Smaller Co Plc
Fund type
OEIC
Fund objective
The investment objective of the Fund is to outperform its Benchmark, the MSCI Europe (ex-UK) SmallCap (Capital Return) Index.
Benchmark
  • MSCI Europe ex UK Small Cap
Investment style
Active
Investment method
Shares
Fund manager
NameSinceBiography
George Cooke05/07/2016George Cooke graduated from the University of Nottingham in 2005 with an undergraduate degree in Management Studies. He then spent another year of study there at the end of which he was awarded a Masters (with Distinction) in Corporate Strategy & Governance.Immediately following this, he joined the graduate scheme at Aon Benfield (formerly Aon Re). Having completed this scheme, George settled as an analyst within the ReSolutions department, where he specialised in assisting with the capital and runoff issues of insurance and reinsurance companies. During his time at the company, George received a Diploma in Insurance and passed all three levels of the CFA. After three and a half years with Aon Benfield, George joined Montanaro in July 2010.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Montanaro European Income
Initial charge4%
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.22%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price1.57
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10EF
Montanaro European Income EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.962
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE3WW
Data provided by

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