Fact sheet: Polar Capital IncmOpps

Fund information
Fund name
Polar Capital Income Opportunities B2 Acc GBP
Fund manager company
Polar Capital
Fund type
OEIC
Fund manager
  • Nick Brindsince 14/10/2009
Fund objective
The Fund aims to provide an attractive level of income for investors, together with capital growth, by investing primarily in the equity, debt and other securities of financial companies worldwide.
Benchmark
  • Dow Jones STOXX Financial Index
Investment style
Cautious
Investment method
Mixed
Quick stats
1 Year return
11.7%
1 Year rank in sector
6/90
Sector
FO Mixed Asset - Cautious
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
£132m (£107m 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.
60
Top in this sector
Fund name1 Year
SEI GblMtiAtInc22.8%
HSBC Pfl World Seltn 122.3%
SEI Core13%
Towry A455012.2%
Ashmore SICV3EmgMktsMulti-Ast11.8%
...more in FO Mixed Asset - Cautious

Performance snapshot

Holdings snapshot

  • UK40.4%
    USA17.4%
    Money Market6.1%
    Guernsey3.9%
    Singapore3.8%
  • High Yield Bond25.7%
    Banks21.5%
    Financials12.2%
    Investment Grade Bonds10.5%
    Insurance8.4%
  • Global Fixed Interest37.7%
    UK Equities21.6%
    European Equities17%
    North American Equities15%
    Asia Pacific Equities5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.1%5%12.1%11.7%28.7%88.9%
Sector-0.5%-1.5%1.1%1.7%6.7%17.2%
Rank within sector3 / 941 / 943 / 926 / 902 / 661 / 55
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund11.5%7.5%5.5%21.4%23.4%
Sector2.3%-0.7%4.3%4.2%6.1%
Rank within sector7 / 901 / 8328 / 671 / 623 / 55
Quartile1st1st2nd1st1st
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.
5.88
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.
1.31
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.
0.71
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%.
7.11
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.
5.37
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.
1.18
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.
0.45
Price movement
52 week high195.66
52 week low156.35
Current bid price-
Current offer price-
Current mid price193.45
Region
1UK40.42%
2USA17.36%
3Money Market6.05%
4Guernsey3.92%
5Singapore3.81%
6France3.55%
7Netherlands3.43%
8Ireland2.75%
9Italy2.65%
Industry sector
1High Yield Bond25.67%
2Banks21.49%
3Financials12.2%
4Investment Grade Bonds10.52%
5Insurance8.44%
6Others8.39%
7Real Estate5.37%
8Investment Companies5.13%
9Convertibles1.6%
Asset type
1Global Fixed Interest37.7%
2UK Equities21.6%
3European Equities17%
4North American Equities15%
5Asia Pacific Equities5.8%
6Money Market1.8%
7International Equities1.1%
Individual holdings
1SAMPO2.61%
2ING GROEP N.V.2.33%
3PENNANTPARK FLOATING RATE CAP LTD2.22%
4PERSHING SQUARE HLDGS LTD 5.5% BDS 15/07/22 USD2500002.07%
5KBC GROUPE SA1.98%
6SOLAR CAPITAL LTD1.88%
7ARES CAPITAL CORP1.87%
8BNP PARIBAS1.83%
9JPMORGAN CHASE & CO1.82%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund aims to provide an attractive level of income for investors, together with capital growth, by investing primarily in the equity, debt and other securities of financial companies worldwide.
Benchmark
  • Dow Jones STOXX Financial Index
Investment style
Cautious
Investment method
Mixed
Fund manager
NameSinceBiography
Nick Brind14/10/2009Nick Brind joined Polar Capital following the acquisition of HIM Capital in September 2010 and is manager of the Polar Capital Income Opportunities Fund and Co-Manager of the Polar Capital Global Financials Trust Plc. He has 20 years’ investment experience across a wide range of asset classes including UK equities, closed-end funds, fixed-income securities, global financials, private equity and derivatives. Prior to joining HIM Capital, Nick worked at New Star Asset Management. While there he managed the New Star Financial Opportunities Fund, a high-income financials fund investing in the equity and fixed-income securities of European financials companies, which outperformed its benchmark index in all 6 years that Nick managed it. Previously he worked at Exeter Asset Management and Capel-Cure Myers. At Exeter Asset Management, Nick managed the Exeter Capital Growth Fund from 1997 to 2003 which over this period was in the top decile of the IMA UK All Companies Sector. Nick has a Masters in Finance from London Business School.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, 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 Income Opportunities A1 Inc GBP
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price128.88
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGUZ1
Polar Capital Income Opportunities A2 Acc GBP
Initial charge3.5%
Annual charge1.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price187.97
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUZ3
Polar Capital Income Opportunities B1 Inc GBP
Initial charge3.5%
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)0.95%
Bid price-
Offer price-
Mid price134.1
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGUZ4
Polar Capital Income Opportunities B2 Acc GBP
Initial charge3.5%
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)0.95%
Bid price-
Offer price-
Mid price193.45
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUZ5
Polar Capital Income Opportunities I Acc EUR
Initial charge3.5%
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)-
Bid price-
Offer price-
Mid price2.2917
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFEV
Polar Capital Income Opportunities I Acc USD
Initial charge3.5%
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)-
Bid price-
Offer price-
Mid price2.4578
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMFET
Polar Capital Income Opportunities I Hedged Acc 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 price11.6024
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMYIS
Polar Capital Income Opportunities I Hedged Dis 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 price11.2597
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMYIR
Polar Capital Income Opportunities I Inc EUR
Initial charge3.5%
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)-
Bid price-
Offer price-
Mid price1.5885
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMFEU
Polar Capital Income Opportunities I Inc USD
Initial charge3.5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.7037
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMFES
Polar Capital Income Opportunities R Acc EUR
Initial charge3.5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.2267
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFER
Polar Capital Income Opportunities R Acc USD
Initial charge3.5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.3882
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMFEP
Polar Capital Income Opportunities R Hedged Acc 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 price11.5553
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMYIQ
Polar Capital Income Opportunities R Hedged Dist 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 price11.2136
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMYIO
Polar Capital Income Opportunities R Inc EUR
Initial charge3.5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.5267
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMFEQ
Polar Capital Income Opportunities R Inc USD
Initial charge3.5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.6374
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMFEO
Data provided by

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