Fact sheet: The Elbrus Fund

Fund information
Fund name
The Elbrus Fund A USD
Fund manager company
Elbrus Capital
Fund type
No data available.
Fund manager
  • Anton Khmelnitskisince 01/05/2006
Fund objective
The objective of the Fund is sustained long-term capital growth, primarily through investments in listed equities in emerging Central & Eastern Europe, Russia and the former Soviet Union countries. The Fund's investment approach combines bottom-up stock selection for portfolio construction with a top-down model-based proprietary overlay to actively manage portfolio exposures.
Benchmark
  • Russian Trading System
Investment style
Long/Short
Investment method
Mixed
Quick stats
1 Year return
4.2%
1 Year rank in sector
22/109
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Fund size
£18m
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.
108
Top in this sector
Fund name1 Year
MontLake ToscaMiCaUCITS27.3%
Majedie Tortoise25.8%
DNB ECO Abs Rt20.8%
Income Partners AllSeasnAsCred19.3%
Ennismore Eurpn Smallar Cos14%
...more in FO Hedge/Stru Prod - Equity

Performance snapshot

Holdings snapshot

  • Money Market65.8%
    Ukraine17.6%
    USA8.8%
    Russia4.2%
    Hungary2.7%
  • Money Market60.9%
    Foods19.4%
    Exchange Traded Funds (ETF)9.7%
    Airlines5.2%
    Internet1.7%
  • Money Market65.8%
    International Equities25.5%
    Exchange Traded Funds (ETF)8.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%0.7%0.2%4.2%-7.1%-0.1%
Sector0.2%-0.1%0.3%-2.7%3.2%13.8%
Rank within sector30 / 11339 / 12758 / 12022 / 10966 / 7244 / 49
Quartile2nd2nd2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.5%12%-21.7%-3%23.5%
Sector-2.3%2.7%2.5%7.1%3.9%
Rank within sector19 / 11010 / 9473 / 7458 / 663 / 51
Quartile1st1st4th4th1st
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.
-3.57
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.
1.79
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.
-0.01
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%.
15.94
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.
14.94
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.
-0.25
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.
0.13
Price movement
52 week high9.83
52 week low8.47
Current bid price-
Current offer price-
Current mid price9.74
Region
1Money Market65.77%
2Ukraine17.6%
3USA8.76%
4Russia4.18%
5Hungary2.67%
6Poland1.02%
Industry sector
1Money Market60.89%
2Foods19.35%
3Exchange Traded Funds (ETF)9.69%
4Airlines5.2%
5Internet1.67%
6Banks1.11%
7Oil & Gas1.07%
8Wireless & Mobile Communications1.01%
Asset type
1Money Market65.77%
2International Equities25.48%
3Exchange Traded Funds (ETF)8.76%
Individual holdings
1ASTARTA HOLDING NV9.73%
2PROSHARES TRUST SHORT MSCI EMERGING MKT FD7.3%
3MHP SA5.24%
4WIZZ AIR HLDGS PLC2.67%
5KERNEL HLDG SA2.63%
6QIWI PLC1.34%
7BANK PEKAO SA1.02%
8POLYMETAL INTL PLC0.96%
9MEGAFON(PJSC)0.95%
Management
Fund manager group
Elbrus Capital
Fund manager company
Elbrus Capital
Fund type
No data available.
Fund objective
The objective of the Fund is sustained long-term capital growth, primarily through investments in listed equities in emerging Central & Eastern Europe, Russia and the former Soviet Union countries. The Fund's investment approach combines bottom-up stock selection for portfolio construction with a top-down model-based proprietary overlay to actively manage portfolio exposures.
Benchmark
  • Russian Trading System
Investment style
Long/Short
Investment method
Mixed
Fund manager
NameSinceBiography
Anton Khmelnitski01/05/2006Mr. Anton Khmelnitski has one of the longest public track record in the industry as a specialist on Russia and Eastern Europe. He has spent over 17 years investing in public markets of Russia, the CIS and Eastern European countries. He started his career in London with Pictet in 1998 to manage The Eastern European Trust Plc, a publically listed investment company. He moved to Russia in 2003 to join Brunswick Capital as head of equities and managed the Brunswick Russian Growth Fund. He joined Polar Capital in April 2006 and founded Elbrus Capital in 2009 as a Russian and CIS investment specialist. Mr. Khmelnitski is a value investor using a robust proprietary independent investment process. As a Swiss national, he graduated from the International Center for Financial Asset Management and Engineering in Lausanne (FAME) and the Economics department of the University of Geneva, Switzerland. Mr. Khmelnitski is fluent in Russian, English, French and Spanish.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
Cayman Islands, United Kingdom, Offshore
The Elbrus Fund A USD
Initial charge-
Annual charge1.75%
Min single investment£100,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.35%
Bid price-
Offer price-
Mid price9.7405
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBFV2
Data provided by

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