Fact sheet: VAM Driehaus

Fund information
Fund name
VAM Driehaus A USD
Fund manager company
VAM Managed Funds (LUX)
Fund type
Offshore Fund
Fund managers
  • Richard Thiessince 30/09/2016
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
-3%
1 Year rank in sector
415/471
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
£136m (£183m 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.
107
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq42.9%
Schroder ISF Gbl Rec36.2%
Dodge & Cox Gbl Stk32.4%
Vanguard Gbl Small-Cap Idx29.8%
Dimensional Gbl Small Cos29.7%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • USA47.4%
    Emerging Asia10.7%
    Eurozone10.4%
    Asia6%
    UK5.7%
  • Technology21.2%
    Cyclical Consumer Goods13.5%
    Industrials12.3%
    Health Care11.9%
    Real Estate11.4%
  • US Equities47.4%
    Asia Pacific Emerging Equities10.7%
    Eurozone Equity 10.4%
    Asia Pacific Equities8%
    UK Equities5.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.2%-5.6%0.2%-3%-2.1%26.1%
Sector2.6%-0.5%4.3%4.4%15%52.2%
Rank within sector294 / 500456 / 496364 / 486415 / 471358 / 384272 / 287
Quartile3rd4th3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-1%-1%-2.8%22.5%11.6%
Sector5.2%0.7%6%21.3%12.7%
Rank within sector398 / 475283 / 427360 / 387177 / 338204 / 289
Quartile4th3rd4th3rd3rd
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
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.
1.03
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%.
11.87
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.
6.76
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.
-0.75
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.
0.67
Price movement
52 week high106.11
52 week low86.6
Current bid price-
Current offer price-
Current mid price99.92
Region
1USA47.39%
2Emerging Asia10.72%
3Eurozone10.41%
4Asia5.99%
5UK5.71%
6Japan5.22%
7Latin America3.87%
8Canada2.49%
9Australasia1.98%
Industry sector
1Technology21.23%
2Cyclical Consumer Goods13.53%
3Industrials12.3%
4Health Care11.9%
5Real Estate11.39%
6Financial Services10.61%
7Consumer Staples8.48%
8Telecommunications Utilities3.97%
9Basic Materials3.04%
Asset type
1US Equities47.39%
2Asia Pacific Emerging Equities10.72%
3Eurozone Equity 10.41%
4Asia Pacific Equities7.97%
5UK Equities5.71%
6Japanese Equities5.22%
7American Emerging Equities3.87%
8Middle East & African Equities2.74%
9Canadian Equities2.49%
Individual holdings
1VAM FUNDS(LUX) INTERNATIONAL OPPORTUNITIES C USD ACC17.21%
2VAM FUNDS(LUX) US SMALL/MICRO CAP GROWTH C16.37%
3VAM FUNDS(LUX) EMERGING MARKETS GROWTH C USD13.43%
4VAM FUNDS(LUX) US SMALL CAP GROWTH C11.31%
5VAM FUNDS(LUX) US LARGE CAP GROWTH C9.67%
6VAM FUNDS(LUX) INTERNATIONAL REAL ESTATE EQTY C9.34%
7VAM FUNDS(LUX) WORLD GROWTH C8%
8VAM FRONTIER MARKETS C (REINV.) (USD)7.03%
9VAM FUNDS(LUX) FOCUSED GLOBAL EQUITY C USD6.7%
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 managers
NameSinceBiography
Richard Thies30/09/2016Mr Thies began his career at the International Finance Corporation of the World Bank Group as a consultant for the gender entrepreneurship markets group in 2005. In 2008, Mr Thies worked for Opportunity International as a proposal writer. He then worked as an associate international economist for The Northern Trust in 2009. He joined Driehaus Capital Management as a macro analyst in 2011. He received his Bachelor of Arts in international studies from Emory University in 2005 and his Master of Arts degree focused on international political economy from the University of Chicago in 2007.
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 price166.11
CurrencyEUR
Price updated05/12/2016
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 price170.44
CurrencyGBP
Price updated05/12/2016
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 price99.92
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAIV7
Data provided by

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