Fact sheet: VAM US Small Cap Growth

Fund information
Fund name
VAM US Small Cap Growth A USD
Fund manager company
VAM Funds (LUX)
Fund type
Offshore Fund
Fund manager
  • Jeffrey Jamessince 01/01/2006
Fund objective
The investment objective of the Fund is to invest pursuant to an aggressive long-term programme which is intended to maximise capital appreciation over each full market cycle. To achieve this objective, the Fund will invest in an unleveraged portfolio of equity and equity-convertible securities and cash or cash equivalents.
Benchmark
  • S&P 500 Stock Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
7.1%
1 Year rank in sector
27/31
Sector
FO Equity - Small Cap USA
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.
2.89%
Fund size
£29m (£34m 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.
158
Top in this sector
Fund name1 Year
GS US Sml Cap CORE Eq Pfl43.5%
SEI US Sm Cos37.8%
LM Royce US SCapOpp28.1%
Dimensional US Small Cos26.8%
RBC (Lux) USSMCapEq25.6%
...more in FO Equity - Small Cap USA

Performance snapshot

Holdings snapshot

  • USA100%
  • Information Technology32.6%
    Health Care29.8%
    Consumer Discretionary12.8%
    Industrials10.1%
    Financials6%
  • US Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund8.5%-0.2%11.6%7.1%14.8%69.6%
Sector12.1%6.9%13.3%16.4%22.9%87.9%
Rank within sector30 / 3433 / 3421 / 3227 / 3121 / 2519 / 24
Quartile4th4th3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund10.1%-1.7%1.5%47.5%5.3%
Sector19%-4.1%4.8%37.9%11.8%
Rank within sector27 / 3110 / 2718 / 253 / 2524 / 24
Quartile4th2nd3rd1st4th
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.
-1.74
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.
1.13
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.
0.05
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%.
18.66
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.
9.72
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.
-0.16
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.
0.73
Price movement
52 week high30.33
52 week low21.34
Current bid price-
Current offer price-
Current mid price29.83
Region
1USA100%
Industry sector
1Information Technology32.61%
2Health Care29.82%
3Consumer Discretionary12.76%
4Industrials10.12%
5Financials6.05%
6Energy4.17%
7Materials1.94%
8Telecommunications Utilities1.35%
9Consumer Staples0.67%
Asset type
1US Equities100%
Individual holdings
1ACACIA COMMUNICATIONS INC3.26%
2LUMENTUM HLDGS INC2.24%
3NEVRO CORP2.19%
4GIGAMON INC1.98%
5NUTANIX INC1.84%
6ELLIE MAE INC1.79%
7BLUEPRINT MEDICINES CORP1.78%
8FABRINET1.71%
9SILICON MOTION TECHNOLOGY CORP1.55%
Management
Fund manager group
VAM Funds
Fund manager company
VAM Funds (LUX)
Fund type
Offshore Fund
Fund objective
The investment objective of the Fund is to invest pursuant to an aggressive long-term programme which is intended to maximise capital appreciation over each full market cycle. To achieve this objective, the Fund will invest in an unleveraged portfolio of equity and equity-convertible securities and cash or cash equivalents.
Benchmark
  • S&P 500 Stock Index
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
Jeffrey James01/01/2006Mr James began his career with Lehman Brothers in 1990. From 1991 to 1997, he worked at the Federal Reserve Bank of Chicago as an analyst and joined Driehaus Capital Management in 1997 as a sector analyst, covering the information technology and energy sectors for the firm’s Small Cap Growth and Mid Cap Growth strategies. In 1998, he began managing the Driehaus Micro Cap Growth strategy. In 2006, he began managing the Driehaus Small Cap Growth strategy. In 2012, he began managing the Driehaus Small/Mid Cap Growth strategy. Mr James received his B.S. in Finance from Indiana University in 1990 and his MBA from DePaul University in 1995..
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Luxembourg, Offshore, Singapore, Sweden, South Africa
VAM US Small Cap Growth A USD
Initial charge5%
Annual charge2.25%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price29.83
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeV046
VAM US Small Cap Growth B USD
Initial charge5%
Annual charge2.25%
Min single investment£20,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)2.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price30.28
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeVA99
Data provided by

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