Fact sheet: Polar Capital Global Alpha

Fund information
Fund name
Polar Capital Global Alpha I USD
Fund manager company
Polar Capital
Fund type
OEIC
Fund managers
  • Andrew MacKirdysince 03/12/2012
  • Christophe Legeois- Williamssince 03/12/2012
  • Andrew Hollimansince 03/12/2012
Fund objective
The Fund aims to achieve long-term capital appreciation by investing in a diversified portfolio of global equity securities of high-quality medium and large capitalisation companies.
Benchmark
  • MSCI All Country World Idx
Investment style
Active,Growth
Investment method
Indices
Quick stats
1 Year return
6.9%
1 Year rank in sector
-
Sector
FO Equity - International
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.
0.91%
Fund size
£110m (£103m 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.
89
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Heptagon Kprnk GblAlCpEq49%
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Veritas Global Equity Income36.4%
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SKAGEN Focus35.5%
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Performance snapshot

Holdings snapshot

  • North America48.8%
    Europe33.1%
    Asia Pacific ex Japan12.9%
    Japan4%
    Money Market1.2%
  • Financials32.5%
    Industrials15.9%
    Information Technology13.7%
    Consumer Discretionary13.6%
    Health Care12.5%
  • North American Equities48.8%
    European Equities33.1%
    Asia Pacific ex Japan Equities12.9%
    Japanese Equities4%
    Money Market1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%2.3%5.8%6.9%7.1%-
Sector0.2%5.5%7.1%7.5%18%63.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund4.3%-0.7%-1.8%27.1%-
Sector5.6%0.7%6%21.3%12.7%
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.
-3.28
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.
0.07
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%.
11.71
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.
4.69
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.
-0.59
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.
0.84
Price movement
52 week high13.53
52 week low11.09
Current bid price-
Current offer price-
Current mid price13.23
Region
1North America48.8%
2Europe33.1%
3Asia Pacific ex Japan12.9%
4Japan4%
5Money Market1.2%
Industry sector
1Financials32.51%
2Industrials15.92%
3Information Technology13.67%
4Consumer Discretionary13.56%
5Health Care12.46%
6Energy5.49%
7Consumer Staples2.74%
8Materials2.66%
9Money Market0.98%
Asset type
1North American Equities48.8%
2European Equities33.1%
3Asia Pacific ex Japan Equities12.9%
4Japanese Equities4%
5Money Market1.2%
Individual holdings
1CHUBB LTD3.48%
2MARKEL CORP3.47%
3PUBLICIS GROUPE SA3.43%
4BAE SYSTEMS3.38%
5VALIDUS HOLDING LTD3.38%
6JOHNSON & JOHNSON3.27%
7PFIZER INC3.14%
8BOOZ ALLEN HAMILTON HLDG CORP3.04%
9AMDOCS2.93%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund aims to achieve long-term capital appreciation by investing in a diversified portfolio of global equity securities of high-quality medium and large capitalisation companies.
Benchmark
  • MSCI All Country World Idx
Investment style
Active,Growth
Investment method
Indices
Fund managers
NameSinceBiography
Andrew MacKirdy03/12/2012Andrew joined Polar Capital in June 2012 to establish a long-only global equity fund along with Andrew Holliman and Christophe Liégeois-Williams. Andrew began his career at Baillie Gifford in 1995 where he worked on the Japanese, Emerging Markets, European and US desks. During this time he managed emerging market and EAFE portfolios on behalf of institutional pension funds. After 10 years, he moved to Templeton where he managed the Templeton Global Fund and various institutional global mandates. In 2008, he returned to Baillie Gifford before spending 3 years in the European/Global strategy at Lansdowne Partners. Andrew holds a first class BAcc (Hons) degree in accountancy from the University of Dundee and an MSc (Econ) in accounting & finance from the London School of Economics and Political Science.
Christophe Legeois- Williams03/12/2012Christophe joined Polar Capital in June 2012 to establish a long-only global equity fund along with Andrew Holliman and Andrew MacKirdy. Prior to joining Polar Capital, he spent 7 years managing the global equity portfolio of Liberties Investments, an independent asset manager running portfolios for various foundations and endowments. He began his career in 1997 at Baillie Gifford working as an Investment Analyst in the European and UK teams, before helping to set up the European office of TAL Asset Management, a Canadian Institutional fund manager, and then joining the Hermes Focus Funds as Senior Investment Analyst in the European activist team. Christophe graduated with a French & Business degree from QMW College, University of London, an Economics degree from Grenoble University, and an MSc in Investment Analysis from the University of Stirling. He is also a CFA charterholder.
Andrew Holliman03/12/2012Andrew joined Polar Capital in August 2011 to establish the North American Equities team and a Global Equity Fund. Prior to joining Polar Capital, he spent seven years at Threadneedle where he managed the highly rated US$2.5bn Threadneedle American Fund as well as a number of global funds including the Threadneedle Global Focus Fund and the Threadneedle and Columbia Global Extended Alpha Funds. Andrew began his investment career in 1997 as an Analyst on the American and UK Smaller Caps teams at Baillie Gifford before becoming Fund Manager of the award winning American Fund. He graduated with a First Class BCom (Hons) in Business Studies from the University of Edinburgh, a MSc in Investment Analysis from the University of Stirling, and is a CFA Charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital Global Alpha I EUR
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price11.87
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHW
Polar Capital Global Alpha I GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price10.2
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHX
Polar Capital Global Alpha I USD
Initial charge5%
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price13.23
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHV
Polar Capital Global Alpha R EUR
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.51%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price11.61
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHT
Polar Capital Global Alpha R GBP
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.51%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price9.98
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHU
Polar Capital Global Alpha R USD
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.51%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price12.93
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGVHS
Polar Capital Global Alpha SI EUR
Initial charge5%
Annual charge0.6%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price11.93
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHZ
Polar Capital Global Alpha SI GBP
Initial charge5%
Annual charge0.6%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price10.25
CurrencyGBP
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVIA
Polar Capital Global Alpha SI USD
Initial charge5%
Annual charge0.6%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price13.29
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGVHY
Data provided by

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