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

11.71 %

1 Year rank in sector

23/124

Sector

FO Hedge/Stru Prod - Equity

Yield
-
Fund size

£ 117.2 m

FE Risk score

102

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • North America
    53.2%
  • Asia
    4.69%
  • Europe
    0.71%
  • Information Technology
    19.76%
  • Consumer Discretionary
    13.95%
  • Health Care
    11.07%
  • Materials
    10.97%
  • Consumer Staples
    9.11%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.17 %7.13 %11.71 %-11.75 %21.91 %
Sector0.45 %2.43 %4.2 %5.78 %16.96 %
Rank within sector97 / 13821 / 14023 / 12474 / 7829 / 54
Quartile th3 rd1 st1 st4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund11.04 %-4.36 %-17.47 %5.57 %25.47 %
Sector4 %-1.99 %2.66 %2.51 %7.13 %
Rank within sector19 / 13671 / 10884 / 8521 / 699 / 62
Quartile th1 st3 rd4 th2 nd1 st

Risk statistics

Alpha-8.3
Beta2.79
Sharpe-0.01
Volatility11.49
Tracking error9.37
Information ratio-0.63
R-Squared0.57

Price movement

52 week high114.47
52 week low100.17
Current bid price0
Current offer price0
Current mid price114.19

Holdings by region

  • 53.2% North America
  • 4.69% Asia
  • 0.71% Europe

Holdings by sector

  • 19.76% Information Technology
  • 13.95% Consumer Discretionary
  • 11.07% Health Care
  • 10.97% Materials
  • 9.11% Consumer Staples
  • 8.09% Financials
  • 7.83% Telecommunications Utilities
  • 2.53% Industrials
  • 1.64% Real Estate
  • 0.49% Utilities

Holdings by asset type

-

Individual holdings

  • 8.93% LEVEL 3 COMMUNICATIONS INC
  • 7.68% NXP SEMICONDUCTORS NV
  • 4.93% MONSANTO CO
  • 4.88% REYNOLDS AMERICAN INC
  • 4.66% TIME WARNER INC