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(s)
James Dinan
since 29/07/2009
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
Euro Overnight Index Average
Investment style
Event Driven-Multi Strategy
Investment method
Equity

Quick stats

1 Year return

9.97 %

1 Year rank in sector

35/131

Sector

FO Hedge/Stru Prod - Equity

Yield

-0.0001

Fund size

£ 97.1 m

FE Risk score

108

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • North America
    37.92%
  • Europe
    10.78%
  • Asia
    6.85%
  • Information Technology
    21.66%
  • Consumer Discretionary
    12.89%
  • Materials
    11.87%
  • Health Care
    11.76%
  • Industrials
    8.59%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.66 %0.48 %9.97 %-8.72 %13.84 %
Sector1.42 %3.65 %6.48 %7.73 %17.42 %
Rank within sector49 / 139111 / 14235 / 13172 / 7434 / 49
Quartile th2 nd4 th2 nd4 th3 rd

Calendar performance

YTD-20182017201620152014
Fund0.98 %10.6 %-4.36 %-17.47 %5.57 %
Sector1.01 %6.17 %-1.99 %2.66 %2.51 %
Rank within sector56 / 13133 / 13071 / 10172 / 7318 / 57
Quartile th2 nd2 nd3 rd4 th2 nd

Risk statistics

Alpha-9.36
Beta2.59
Sharpe-0.01
Volatility10.65
Tracking error8.76
Information ratio-0.74
R-Squared0.52

Price movement

52 week high114.85
52 week low103.97
Current bid price0
Current offer price0
Current mid price114.85

Holdings by region

  • 37.92% North America
  • 10.78% Europe
  • 6.85% Asia

Holdings by sector

  • 21.66% Information Technology
  • 12.89% Consumer Discretionary
  • 11.87% Materials
  • 11.76% Health Care
  • 8.59% Industrials
  • 8.47% Financials
  • 6.92% Consumer Staples
  • 2.73% Telecommunications Utilities
  • 1.55% Real Estate
  • 1.32% Energy

Holdings by asset type

-

Individual holdings

  • 9.67% NXP SEMICONDUCTORS NV
  • 7.07% ALTABA INC
  • 6.05% MONSANTO CO
  • 5.02% BARD(C.R.) INC
  • 4.17% TIME WARNER INC