Fact sheet: ML IS Yrk Evnt Drn Ucits

Fund information

Fund name
ML IS York Event Driven Ucits F USD
Fund company manager
Merrill Lynch International
Fund type
SIB
Fund manager
Daniel Schwartz
since 29/07/2009
Fund objective
The investment objective of the York Event-Driven UCITS Fund (the “Fund”) is to achieve attractive risk-adjusted investment results over time. The Fund invests principally in securities subject to or potentially subject to meaningful corporate activity where the investment manager believes the market price does not adequately reflect the effect that such activity will have on the securities' valuation. The Fund focuses on four areas of investment - Event Equities, where the Fund attempts to benefit from price movements resulting from corporate events; Risk Arbitrage, where the Fund analyses transactions and seeks to profit from securities which are trading cheaply due to uncertainty in the markets; Value Equities, where stocks are selected on the basis that they are cheap relative to its fundamentals such as dividends, earnings and sales; and Credit, which focuses on debt instruments issued by companies undergoing reorganisations, or bankruptcies.
Benchmark
European Overnight Index Average (EONIA) (Total Return Gross)
Investment style
Event Driven-Multi Strategy
Investment method
Equity

Quick stats

1 Year return

8.84 %

1 Year rank in sector

35/132

Sector

FO Hedge/Stru Prod - Equity

Yield

-0.0001

Fund size

£ 111.9 m

FE Risk score

106

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • North America
    49.55%
  • Europe
    6.87%
  • Asia
    4.05%
  • Information Technology
    20.13%
  • Consumer Discretionary
    15.55%
  • Materials
    11.5%
  • Health Care
    11.09%
  • Financials
    9.36%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.6 %4.77 %8.84 %-13.89 %19.92 %
Sector0.78 %3.23 %4.56 %6.06 %17.26 %
Rank within sector119 / 14047 / 14135 / 13278 / 7933 / 57
Quartile th4 th2 nd2 nd4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund9.94 %-4.36 %-17.47 %5.57 %25.47 %
Sector4.76 %-1.99 %2.66 %2.51 %7.13 %
Rank within sector28 / 13670 / 10885 / 8622 / 719 / 64
Quartile th1 st3 rd4 th2 nd1 st

Risk statistics

Alpha-8.79
Beta2.77
Sharpe-0.01
Volatility11.41
Tracking error9.32
Information ratio-0.7
R-Squared0.56

Price movement

52 week high114.47
52 week low100.17
Current bid price0
Current offer price0
Current mid price113.06

Holdings by region

  • 49.55% North America
  • 6.87% Europe
  • 4.05% Asia

Holdings by sector

  • 20.13% Information Technology
  • 15.55% Consumer Discretionary
  • 11.5% Materials
  • 11.09% Health Care
  • 9.36% Financials
  • 7.97% Consumer Staples
  • 7.73% Telecommunications Utilities
  • 4.04% Industrials
  • 1.4% Real Estate
  • 0.75% Utilities

Holdings by asset type

-

Individual holdings

  • 8.99% LEVEL 3 COMMUNICATIONS INC
  • 7.88% NXP SEMICONDUCTORS NV
  • 5.23% ALTABA INC
  • 4.95% MONSANTO CO
  • 4.84% TIME WARNER INC