Fact sheet: VAM Driehaus

Fund information
Fund name
VAM Driehaus A USD
Fund manager company
VAM Managed Funds (LUX)
Fund type
Offshore Fund
Fund manager
  • Driehaus Capital Management LLCsince 01/07/2007
Fund objective
The investment objective of the Fund is to provide long-term capital appreciation over the full investment cycle through the aggressive growth investment style of the Investment Manager. The Fund will allocate substantially all of its assets to various compartments of VAM Funds (Lux), a Luxembourg Investment Fund qualifying as a UCITS, that are also managed by the Investment Manager.
Benchmark
  • MSCI World
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
4.1%
1 Year rank in sector
403/471
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.
3.26%
Fund size
£141m (£184m 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.
98
Top in this sector
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Performance snapshot

Holdings snapshot

  • USA57.5%
    Emerging Asia11.2%
    Asia6.4%
    Eurozone5.6%
    Latin America5.3%
  • Technology19.6%
    Health Care13.9%
    Real Estate13.7%
    Industrials11.1%
    Cyclical Consumer Goods11.1%
  • US Equities57.5%
    Asia Pacific Emerging Equities11.2%
    Asia Pacific Equities7.2%
    Eurozone Equity 5.6%
    American Emerging Equities5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%7.3%11.8%4.1%5.3%41.8%
Sector0.7%6%7.6%9.1%19.1%65.3%
Rank within sector153 / 494111 / 48996 / 482403 / 471331 / 373265 / 288
Quartile2nd1st1st4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4.9%-1%-2.8%22.5%11.6%
Sector6.1%0.7%6%21.3%12.7%
Rank within sector239 / 478283 / 433362 / 390178 / 344211 / 298
Quartile2nd3rd4th3rd3rd
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.
-3.96
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.
1.04
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
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%.
12.08
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.
6.42
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.
-0.6
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.
0.71
Price movement
52 week high106.11
52 week low86.6
Current bid price-
Current offer price-
Current mid price105.83
Region
1USA57.47%
2Emerging Asia11.16%
3Asia6.43%
4Eurozone5.64%
5Latin America5.34%
6UK3.38%
7Japan3.3%
8Africa2.9%
9European Emerging Markets1.81%
Industry sector
1Technology19.6%
2Health Care13.88%
3Real Estate13.69%
4Industrials11.08%
5Cyclical Consumer Goods11.06%
6Financial Services10.59%
7Consumer Staples7.53%
8Basic Materials4.75%
9Telecommunications Utilities4.33%
Asset type
1US Equities57.47%
2Asia Pacific Emerging Equities11.16%
3Asia Pacific Equities7.19%
4Eurozone Equity 5.64%
5American Emerging Equities5.34%
6Middle East & African Equities3.65%
7UK Equities3.38%
8Japanese Equities3.3%
9European Emerging Equities1.81%
Individual holdings
1VAM FUNDS(LUX) INTERNATIONAL OPPORTUNITIES C USD ACC17.54%
2VAM FUNDS(LUX) US SMALL/MICRO CAP GROWTH C15.86%
3VAM FUNDS(LUX) EMERGING MARKETS GROWTH C USD13.57%
4VAM FUNDS(LUX) US SMALL CAP GROWTH C11.42%
5VAM FUNDS(LUX) US LARGE CAP GROWTH C10.84%
6VAM FUNDS(LUX) INTERNATIONAL REAL ESTATE EQTY C9.88%
7VAM FUNDS(LUX) WORLD GROWTH C8.65%
8VAM FUNDS(LUX) FOCUSED GLOBAL EQUITY C USD6.72%
9VAM FRONTIER MARKETS C (REINV.) (USD)6.71%
Management
Fund manager group
VAM Funds
Fund manager company
VAM Managed Funds (LUX)
Fund type
Offshore Fund
Fund objective
The investment objective of the Fund is to provide long-term capital appreciation over the full investment cycle through the aggressive growth investment style of the Investment Manager. The Fund will allocate substantially all of its assets to various compartments of VAM Funds (Lux), a Luxembourg Investment Fund qualifying as a UCITS, that are also managed by the Investment Manager.
Benchmark
  • MSCI World
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Driehaus Capital Management LLC01/07/2007Driehaus Capital Management is a privately-held investment management firm based in Chicago, Illinois. Registered as an investment adviser with the U.S. Securities and Exchange Commission since 1983, the firm manages global, emerging markets, U.S. growth equity and alternative investment strategies.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Luxembourg, Offshore, Singapore, South Africa
VAM Driehaus A EUR
Initial charge5%
Annual charge1.75%
Min single investment£8,000
Min regular saving£800
Available in ISANo
Ongoing charge (OCF)3.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price176.66
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEAN0
VAM Driehaus A GBP
Initial charge5%
Annual charge1.75%
Min single investment£5,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)3.26%
Total expense ratio (TER)2.26%
Bid price-
Offer price-
Mid price180.94
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEAM9
VAM Driehaus A USD
Initial charge5%
Annual charge1.75%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)3.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.83
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAIV7
Data provided by

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