Fact sheet: Polar Capital Eurpn Inc

Fund information
Fund name
Polar Capital European Income I Acc EUR
Fund manager company
Polar Capital
Fund type
OEIC
Fund manager
  • Nick Davissince 31/10/2014
Fund objective
The Fund’s investment objective is to deliver strong long term risk adjusted returns to achieve both income and capital growth by investing in securities of issuers that are incorporated, have their headquarters, or exercise a significant part (greater than 20%) of their economic activities in European markets/countries.
Benchmark
  • MSCI Europe Daily
Investment style
Concentrated
Investment method
Shares
Quick stats
1 Year return
-6.8%
1 Year rank in sector
-
Sector
FO Equity - Europe inc UK
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.
0.98%
Fund size
£11m (£13m 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.
97
Top in this sector
Fund name1 Year
SPL Parallel Private Equity IC27%
IVI European22.1%
GS Eur CORE Eq Portfolio18.5%
JOHCM European Sel Val14.8%
Mirabaud Eqts PanEur SmllMid13.5%
...more in FO Equity - Europe inc UK

Performance snapshot

Holdings snapshot

  • Switzerland16.2%
    Germany14.6%
    UK14.1%
    Sweden10.6%
    France10.3%
  • Financials22.1%
    Health Care16.2%
    Industrials16%
    Telecommunications Utilities15.9%
    Consumer Staples10%
  • Swiss Equities16.3%
    German Equities14.6%
    UK Equities14.1%
    Swedish Equities10.6%
    French Equities10.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.3%-3.7%-2.1%-6.8%--
Sector2.5%-2.6%-1.3%-5.8%13.6%56.3%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-5.7%12.3%---
Sector-5.2%11.1%4.2%21.1%17.6%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high11.77
52 week low9.73
Current bid price-
Current offer price-
Current mid price10.9
Region
1Switzerland16.17%
2Germany14.57%
3UK14.13%
4Sweden10.58%
5France10.31%
6Netherlands9.19%
7Spain8.74%
8Portugal4.61%
9Finland4.33%
Industry sector
1Financials22.07%
2Health Care16.18%
3Industrials16.03%
4Telecommunications Utilities15.86%
5Consumer Staples10.01%
6Consumer Discretionary6.68%
7Information Technology4.84%
8Materials4.08%
9Energy2.24%
Asset type
1Swiss Equities16.3%
2German Equities14.6%
3UK Equities14.1%
4Swedish Equities10.6%
5French Equities10.3%
6Dutch Equities9.2%
7Spanish Equities8.7%
8Portuguese Equities4.6%
9Finnish Equities4.3%
Individual holdings
1ROCHE HLDG AG4.73%
2NESTLE SA4.42%
3BASF SE4.08%
4NOVARTIS AG4.06%
5SANOFI4.03%
6ING GROEP N.V.3.65%
7ALLIANZ SE3.63%
8DEUTSCHE TELEKOM AG3.48%
9DEUTSCHE POST AG3.39%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund’s investment objective is to deliver strong long term risk adjusted returns to achieve both income and capital growth by investing in securities of issuers that are incorporated, have their headquarters, or exercise a significant part (greater than 20%) of their economic activities in European markets/countries.
Benchmark
  • MSCI Europe Daily
Investment style
Concentrated
Investment method
Shares
Fund manager
NameSinceBiography
Nick Davis31/10/2014Nick joined Polar Capital in September 2014 to set up the European Income team. Prior to this, he was with Threadneedle where he managed the Threadneedle European Fund and Pan European Equity Dividend Fund, both of which were top quartile performers since inception. Nick was also deputy fund manager of the Threadneedle European Select Fund. Previously, he was a sell-side analyst at Sanford Bernstein and a chartered accountant with Deloitte. Nick holds an Honours degree in Economics with French from the University of Durham. He has been a member of the Institute of Chartered Accountants in England and Wales since 2007, has completed the Investment Management Certificate (IMC) and is a CFA charterholder.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital European Income I Acc CHF
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.82
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXH
Polar Capital European Income I Acc EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.9
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXE
Polar Capital European Income I Acc GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.2
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXF
Polar Capital European Income I Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.69
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXG
Polar Capital European Income I Dis CHF
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.01
CurrencyCHF
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXD
Polar Capital European Income I Dis EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.15
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXA
Polar Capital European Income I Dis GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.57
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXB
Polar Capital European Income I Dis USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.89
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXC
Polar Capital European Income R Acc CHF
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.68
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUWZ
Polar Capital European Income R Acc EUR
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.77
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUWW
Polar Capital European Income R Acc GBP
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.09
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUWX
Polar Capital European Income R Acc USD
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.55
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKUWY
Polar Capital European Income R Dis CHF
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.89
CurrencyCHF
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUWV
Polar Capital European Income R Dis EUR
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.04
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUWS
Polar Capital European Income R Dis GBP
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.48
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUWT
Polar Capital European Income R Dis USD
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.77
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUWU
Polar Capital European Income S Acc CHF
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.84
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXP
Polar Capital European Income S Acc EUR
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.92
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXM
Polar Capital European Income S Acc GBP
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.21
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXN
Polar Capital European Income S Acc USD
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.71
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUXO
Polar Capital European Income S Dis CHF
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.05
CurrencyCHF
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXL
Polar Capital European Income S Dis EUR
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.19
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXI
Polar Capital European Income S Dis GBP
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.6
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXJ
Polar Capital European Income S Dis USD
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.93
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKUXK
Data provided by

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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.