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 15/10/2009
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
9.8%
1 Year rank in sector
10/84
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
£125m (£92m 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.
53
Top in this sector
Fund name1 Year
HSBC Pfl World Seltn 125.5%
SEI GblMtiAtInc21.8%
Towry A455017.2%
SEI Core15.8%
CG Capital Value14.2%
...more in FO Mixed Asset - Cautious

Performance snapshot

Holdings snapshot

  • Not Specified42.8%
    UK16.8%
    Europe14.2%
    North America12.5%
    Others8%
  • High Yield Bond26.6%
    Banks18.6%
    Financials12%
    Investment Grade Bonds10.8%
    Others10.6%
  • Global Fixed Interest42.8%
    UK Equities16.8%
    European Equities14.2%
    North American Equities12.5%
    International Equities8.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.7%8.9%9.5%9.8%27.9%89%
Sector0.1%2.9%3.7%4.6%9.2%20.6%
Rank within sector1 / 885 / 875 / 8610 / 842 / 641 / 56
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.8%7.5%5.5%21.4%23.4%
Sector3.9%-0.7%4.3%4.2%6.1%
Rank within sector14 / 861 / 8027 / 661 / 613 / 56
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.
4.23
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.
1.39
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.
0.82
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%.
6.85
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.
4.76
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.
1.15
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.
0.56
Price movement
52 week high186.99
52 week low156.35
Current bid price-
Current offer price-
Current mid price186.99
Region
1Not Specified42.84%
2UK16.79%
3Europe14.22%
4North America12.53%
5Others8%
6Asia3.37%
7Money Market1.45%
8International0.8%
Industry sector
1High Yield Bond26.64%
2Banks18.59%
3Financials12%
4Investment Grade Bonds10.77%
5Others10.55%
6Insurance8.47%
7Real Estate5.51%
8Investment Trusts4.31%
9Money Market1.83%
Asset type
1Global Fixed Interest42.84%
2UK Equities16.79%
3European Equities14.22%
4North American Equities12.53%
5International Equities8.8%
6Asia Pacific Equities3.37%
7Money Market1.45%
Individual holdings
1SAMPO2.39%
2PENNANTPARK FLOATING RATE CAP LTD2.16%
3PERSHING SQUARE HLDGS LTD 5.5% BDS 15/07/22 USD2500002.02%
4ING GROEP N.V.1.99%
5SOLAR CAPITAL LTD1.93%
6ARES CAPITAL CORP1.84%
7PENSION INSURANCE CORP PLC 6.5% SUBORD NTS 03/07/24 GBP1000001.81%
8CHUBB LTD1.72%
9FORTUNE REAL ESTATE INVESTMENT TRUST UTS1.71%
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 Brind15/10/2009Nick 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 price125.97
CurrencyGBX
Price updated22/09/2016
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 price181.69
CurrencyGBX
Price updated22/09/2016
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 price131.04
CurrencyGBX
Price updated22/09/2016
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 price186.99
CurrencyGBX
Price updated22/09/2016
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 price2.1788
CurrencyEUR
Price updated22/09/2016
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 price2.4492
CurrencyUSD
Price updated22/09/2016
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 price11.2472
CurrencyEUR
Price updated22/09/2016
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 price11.0395
CurrencyEUR
Price updated22/09/2016
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 price1.5269
CurrencyEUR
Price updated22/09/2016
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 price1.7164
CurrencyUSD
Price updated22/09/2016
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 price2.117
CurrencyEUR
Price updated22/09/2016
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 price2.3798
CurrencyUSD
Price updated22/09/2016
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 price11.2173
CurrencyEUR
Price updated22/09/2016
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 price11.0102
CurrencyEUR
Price updated22/09/2016
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 price1.4678
CurrencyEUR
Price updated22/09/2016
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 price1.6499
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMFEO
Data provided by

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