Fact sheet: Montanaro European Sm Cos

Fund information
Fund name
Montanaro European Smaller Companies Unhedged EUR
Fund manager company
Montanaro Eurpn Smaller Co Plc
Fund type
OEIC
Fund manager
  • Charles Montanarosince 13/12/2001
Fund objective
To outperform its Benchmark, the MSCI Europe SmallCap (Capital Return) Index. The Fund will invest primarily in SmallCap companies quoted in the EU (including UK), Iceland, Norway and Switzerland with a market capitalisation smaller than the largest constituent of the MSCI Europe (Capital Return) Index at the time of initial investment. No unquoted investments are permitted.
Benchmark
  • MSCI Europe Small Cap Index
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
-11.2%
1 Year rank in sector
40/47
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.
1.69%
Fund size
£909m (£886m 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.
90
Top in this sector
Fund name1 Year
Old Mutual Eur(ExUK)SmCo26.1%
SEB 2 Estn Eur Sm Cap22.5%
Argos Argonaut15.8%
Pictet Small Cap Europe14.1%
Montanaro Europ Inc12.8%
...more in FO Equity - Small Cap Europe

Performance snapshot

Holdings snapshot

  • UK35%
    Sweden15%
    Germany11%
    Switzerland10%
    Italy8%
  • Health Care18%
    Industrials18%
    Consumer Discretionary17%
    Information Technology16%
    Financials11%
  • UK Equities35%
    Swedish Equities15%
    German Equities11%
    Swiss Equities10%
    Italian Equities8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-5%-3.6%-11.2%21.4%76.8%
Sector-1%-1.8%-1.5%-4.2%25.7%94.3%
Rank within sector27 / 4743 / 4835 / 4840 / 4734 / 4432 / 37
Quartile3rd4th3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-9.9%26.7%3.6%14.3%27.6%
Sector-3.4%23.6%3.2%29.7%22.3%
Rank within sector41 / 4812 / 4726 / 4538 / 3912 / 37
Quartile4th2nd3rd4th2nd
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.
-1.3
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.
1.05
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.
0.31
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%.
13.76
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.
4.74
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.
-0.22
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.
0.88
Price movement
52 week high5.4
52 week low4.33
Current bid price-
Current offer price-
Current mid price4.76
Region
1UK35%
2Sweden15%
3Germany11%
4Switzerland10%
5Italy8%
6France6%
7Spain5%
8Denmark4%
9Belgium2%
Industry sector
1Health Care18%
2Industrials18%
3Consumer Discretionary17%
4Information Technology16%
5Financials11%
6Real Estate6%
7Consumer Staples5%
8Materials4%
9Energy3%
Asset type
1UK Equities35%
2Swedish Equities15%
3German Equities11%
4Swiss Equities10%
5Italian Equities8%
6French Equities6%
7Spanish Equities5%
8Danish Equities4%
9Belgian Equities2%
Individual holdings
1BREMBO SPA3.6%
2RAYSEARCH LABORATORIES AB3.2%
3DIGNITY PLC2.6%
4LOOMIS AB2.6%
5CHR HANSEN HLDGS A/S2.4%
6CTS EVENTIM AG & CO KGAA2.4%
7DOMINO`S PIZZA ENTERPRISES LTD2.3%
8ELEKTA2.3%
9PARTNERS GROUP HOLDING2.3%
Management
Fund manager group
Montanaro
Fund manager company
Montanaro Eurpn Smaller Co Plc
Fund type
OEIC
Fund objective
To outperform its Benchmark, the MSCI Europe SmallCap (Capital Return) Index. The Fund will invest primarily in SmallCap companies quoted in the EU (including UK), Iceland, Norway and Switzerland with a market capitalisation smaller than the largest constituent of the MSCI Europe (Capital Return) Index at the time of initial investment. No unquoted investments are permitted.
Benchmark
  • MSCI Europe Small Cap Index
Investment style
Active
Investment method
Shares
Fund manager
NameSinceBiography
Charles Montanaro13/12/2001Charles graduated with an honours degree in Anthropology from Durham University in 1976. He spent four years in industry before joining Merrill Lynch in 1980 as a private client broker in London. He joined Dean Witter Reynolds in 1984 and Drexel Burnham Lambert in 1987 as a Senior Vice President, where in both cases he was their top institutional broker in the UK, joining the high yield bond department in 1989. In 1990, Charles joined MMG Patricof (now Apax Partners) as a Director of investment banking working with UK smaller companies. In August 1991, he founded Montanaro to specialise in analysing and investing in European smaller companies on behalf of leading institutions. He has since launched several funds now totalling over 1 billion and established a strong track record. In addition, he has served on the Boards of two public smaller companies
Compliance
Transparent for Austrian Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Finland, France, United Kingdom, Ireland, Netherlands, Norway, Offshore, Sweden
Montanaro European Smaller Companies Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.561
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGOP4
Montanaro European Smaller Companies Inst Acc EUR
Initial charge-
Annual charge0.5%
Min single investment£250,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.744
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJFOE
Montanaro European Smaller Companies Inst Dis EUR
Initial charge-
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.865
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJFOF
Montanaro European Smaller Companies Inst Inc GBP
Initial charge4%
Annual charge0.75%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price4.16
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code10EI
Montanaro European Smaller Companies Ret Acc SEK
Initial charge-
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.958
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJFOG
Montanaro European Smaller Companies Unhedged EUR
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price4.763
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMP52
Montanaro European Smaller Companies Unhedged GBP
Initial charge4%
Annual charge1.5%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price4.061
CurrencyGBP
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMP53
Montanaro European Smaller Companies Unhedged USD
Initial charge4%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.602
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMP54
Data provided by

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