III - FundFactsheet

Fund Objective: To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector.

Annual Rebate Annual rebate on
£10,000 holding
Ongoing Charges   Initial Charge /
Dealing Charge
- - 0.95% 0.00% / £10
 Star Rating Fund Risk Level   12 Month Performance
1 Medi-HighMedi-HighMedi-HighMedi-HighMedi-High 332.15 273.15
Quick Stats Purchase info
Currency: GBX Change on day 0.01% Sector UT Europe Excluding UK Min: £20.00
Bid price: 0.00 YTD return 0.15% Fund size(£m) 149.20 ISA: Yes
Mid price: 315.44 Yield 2.13% Fund type OEIC
Offer price 0.00 Type Accumulation Unit Launch date 06/12/2005
Performance - View all
Key Chart Instrument 1 mth 6 mths 1 yr 3 yrs
FP Argonaut European Alpha I Acc GBP -4.54% 3.60% 11.14% 26.64%
UT Europe Excluding UK -4.10% -1.10% 13.51% 40.39%



Sector Weighting - as at 31/12/17
Region Weighting - click here
Sector % of fund
Financials 26.56
Information Technology 16.59
Materials 11.21
Industrials 9.53
Consumer Discretionary 9.38
Health Care 9.11
Energy 7.32
Telecommunications Utilities 3.21
Real Estate 3.08
Region Weighting - as at 31/12/17
Sector Weighting - click here
Region % of fund
Germany 14.85
Russia 12.66
Denmark 10.13
UK 8.84
France 8.47
Netherlands 7.74
Switzerland 6.29
Hungary 6.23
Italy 5.41

Sector/Region weightings are currently unavailable

Fund Objective

To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector.

Fund Manager

Barry Norris

Click here for Fund manager’s performance biography

Since: 12/05/2005

Biography:Barry Norris founded Argonaut in 2005 and manages the FP Argonaut European Alpha fund using his “earnings surprise” investment process. Barry began managing money in 2002 at Neptune, having begun his career at Baillie Gifford. He was educated at Cambridge University and has an MA in History, and an MPhil in International Relations.

Alpha Manager
is an FE Alpha Manager who has maintained a consistently high alpha score over a proven track record in rising and falling markets.

Fund Manager

Greg Bennett

Click here for Fund manager’s performance biography

Since: 02/01/2012

Biography:Greg Bennett is a CFA charter holder and graduated from the University of Natal (South Africa) in 1994 with a BSc. Agricultural Economics. He has over 10 years fund management experience, primarily in the UK equity market as well as US markets. He began his career at Neptune Investment Management in 2002, during which time he managed the US Opportunities and UK Equity funds as well as being Assistant Fund Manager on the Income and Global funds. In 2006 he joined Marlborough Fund Managers where he set up and ran their UK large Cap and UK Income funds. In 2012 he joined Argonaut. Greg runs the FP Argonaut European Income Opportunities Fund and is Co-Manager across the range of other Argonaut funds.

Quick Stats
Citi code LS55 Legal structure OEIC Fund Currency GBX
ISIN code GB00B76L7377 Fund size £149.20 M at 31/01/2018 Price date 16/02/2018
Fund Risk Level Medi-HighMedi-HighMedi-HighMedi-HighMedi-High Star rating 1 Pricing freq Daily
Sector UT Europe Excluding UK Valor code - WKN Code -
Bid price 0.00 Mid price 315.44 Offer Price 0.00
Benchmark MSCI Europe ex UK Yield 2.13% Launch date 06/12/2005
Domicile United Kingdom Type Accumulation ISA Yes
Purchase & Other Information
Min.investment £20.00
Min.top-up £20.00
Standard (Fund Manager) Initial Charge 0.00%
Interactive Investor Initial Charge 0.00%
Annual Rebate -
Ongoing Charges 0.95% at 31/08/2017
Performance Fee 0% NONE
Compliant UCITS IV Compliant,
Dividend dates Mar 01, Sep 01
For sale in Austria, Switzerland, Germany, Spain, France, United Kingdom, Guernsey, Isle of Man, Ireland, Italy, Jersey,
Performance Chart in (GBX)

Bid-to-bid with income reinvested.

Past performance is not a guide to future performance. Fund performance data doesn’t take into account fees and expenses which are specific to individual plans. Details are available on request.

Cumulative Performance in GBX
  3 mth 6 mth 1 yr 3 yr 5 yr
Fund 0.46% 3.60% 11.14% 26.64% 64.48%
Sector -0.72% -1.10% 13.51% 40.39% 69.55%
Relative to sector 1.18% 4.70% -2.37% -13.75% -5.07%
Rank within sector 21/102 4/100 76/97 85/87 51/80
Quartile 1st 1st 4th 4th 3rd
Discrete Annual Performance to Last Quarter End in GBX
  0-12m 12m-24m 24m-36m 36m-48m 48m-60m
Fund 14.92% -1.03% 16.13% 4.02% 32.01%
Sector 17.23% 16.44% 9.09% -0.66% 27.26%
Relative to sector -2.31% -17.47% 7.04% 4.68% 4.75%
Rank within sector 76/97 92/93 10/87 11/84 10/79
Quartile 4th 4th 1st 1st 1st
Performance by Calendar Year in GBX
  YTD 2017 2016 2015 2014
Fund 0.15% 14.92% -1.03% 16.13% 4.02%
Sector -1.08% 17.23% 16.44% 9.09% -0.66%
Relative to sector 1.23% -2.31% -17.47% 7.04% 4.68%
Rank within sector 18/104 76/97 92/93 10/87 11/84
Quartile 1st 4th 4th 1st 1st
Fund Price Movement in GBX
12 month high 332.15 (British Pence) 12 month low 273.15 (British Pence)
Risk Statistics
Volatility Alpha Beta Sharpe Tracking Error Information Ratio R2
Fund 11.38 -2.62 0.95 0.53 6.12 -0.54 0.70
Asset Weightings as at December 31, 2017
Rank Change Name % Weighting
1 NoChange German Equities 14.85%
2 NoChange Russian Equities 12.66%
3 NoChange Danish Equities 10.13%
4 Riser UK Equities 8.84%
5 NoChange French Equities 8.47%
6 Riser Dutch Equities 7.74%
7 Faller Swiss Equities 6.29%
8 NoChange Hungarian Equities 6.23%
9 Riser Italian Equities 5.41%
10 nochange Others 19.38%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Region Weightings as at December 31, 2017
Rank Change Name % Weighting
1 NoChange Germany 14.85%
2 NoChange Russia 12.66%
3 NoChange Denmark 10.13%
4 Riser UK 8.84%
5 NoChange France 8.47%
6 Riser Netherlands 7.74%
7 Faller Switzerland 6.29%
8 NoChange Hungary 6.23%
9 Riser Italy 5.41%
10 nochange Others 19.38%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Sector Weightings as at December 31, 2017
Rank Change Name % Weighting
1 NoChange Financials 26.56%
2 NoChange Information Technology 16.59%
3 Riser Materials 11.21%
4 Riser Industrials 9.53%
5 Faller Consumer Discretionary 9.38%
6 Faller Health Care 9.11%
7 Faller Energy 7.32%
8 Riser Telecommunications Utilities 3.21%
9 Riser Real Estate 3.08%
10 nochange Others 4.01%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Top Holdings as at December 31, 2017
Rank Change Name % Weighting
1 Riser LIBERBANK SA 5.00%
2 Faller PORSCHE AUTOMOBIL HLDG SE NON VTG PRF NPV 5.00%
3 Faller AIXTRON SE 4.90%
4 NewEntry TCS GROUP HLDG PLC 4.60%
5 NewEntry SOPHOS GROUP PLC 4.40%
Total 23.90%
  •  Faller
  •  Riser
  •  No change
  • new  New entry