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 332.15 288.16
Quick Stats Purchase info
Currency: GBX Change on day -0.58% Sector UT Europe Excluding UK Min: £20.00
Bid price: 0.00 YTD return -1.90% Fund size(£m) 117.67 ISA: Yes
Mid price: 308.97 Yield 1.15% 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 0.64% -4.92% 5.38% 15.13%
UT Europe Excluding UK 3.88% 0.55% 4.82% 34.25%



Sector Weighting - as at 30/04/18
Region Weighting - click here
Sector % of fund
Financials 30.73
Energy 14.10
Industrials 11.31
Materials 10.35
Consumer Discretionary 9.29
Information Technology 7.92
Telecommunications Utilities 5.21
Health Care 5.13
Cash 0.55
Region Weighting - as at 30/04/18
Sector Weighting - click here
Region % of fund
Germany 12.14
Russia 10.75
Italy 10.06
Denmark 9.32
France 8.29
Hungary 6.03
Spain 5.91
Ireland 5.42
Cash 0.55

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 £117.67 M at 25/05/2018 Price date 25/05/2018
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 308.97 Offer Price 0.00
Benchmark MSCI Europe ex UK Yield 1.15% 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 -3.08% -4.92% 5.38% 15.13% 51.77%
Sector 2.63% 0.55% 4.82% 34.25% 62.55%
Relative to sector -5.71% -5.47% 0.56% -19.12% -10.78%
Rank within sector 104/104 101/102 36/100 89/90 71/83
Quartile 4th 4th 2nd 4th 4th
Discrete Annual Performance to Last Quarter End in GBX
  0-12m 12m-24m 24m-36m 36m-48m 48m-60m
Fund 9.06% 4.40% 1.48% 4.85% 30.03%
Sector 5.51% 23.90% -2.03% 7.09% 18.67%
Relative to sector 3.55% -19.50% 3.51% -2.24% 11.36%
Rank within sector 15/97 93/93 21/89 72/85 7/82
Quartile 1st 4th 1st 4th 1st
Performance by Calendar Year in GBX
  YTD 2017 2016 2015 2014
Fund -1.90% 14.92% -1.03% 16.13% 4.02%
Sector 1.14% 17.23% 16.44% 9.09% -0.66%
Relative to sector -3.04% -2.31% -17.47% 7.04% 4.68%
Rank within sector 97/104 76/97 92/93 10/87 11/84
Quartile 4th 4th 4th 1st 1st
Fund Price Movement in GBX
12 month high 332.15 (British Pence) 12 month low 288.16 (British Pence)
Risk Statistics
Volatility Alpha Beta Sharpe Tracking Error Information Ratio R2
Fund 11.51 -3.55 0.91 0.17 6.39 -0.70 0.69
Asset Weightings as at April 30, 2018
Rank Change Name % Weighting
1 Riser German Equities 12.14%
2 Faller Russian Equities 10.75%
3 Riser Italian Equities 10.06%
4 Faller Danish Equities 9.32%
5 Riser French Equities 8.29%
6 Riser Hungarian Equities 6.03%
7 NoChange Spanish Equities 5.91%
8 Riser Irish Equities 5.42%
9 NoChange Cash 0.55%
10 nochange Others 31.53%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Region Weightings as at April 30, 2018
Rank Change Name % Weighting
1 Riser Germany 12.14%
2 Faller Russia 10.75%
3 Riser Italy 10.06%
4 Faller Denmark 9.32%
5 Riser France 8.29%
6 Riser Hungary 6.03%
7 NoChange Spain 5.91%
8 Riser Ireland 5.42%
9 NoChange Cash 0.55%
10 nochange Others 31.53%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Sector Weightings as at April 30, 2018
Rank Change Name % Weighting
1 NoChange Financials 30.73%
2 Riser Energy 14.10%
3 Riser Industrials 11.31%
4 Faller Materials 10.35%
5 NoChange Consumer Discretionary 9.29%
6 Faller Information Technology 7.92%
7 Riser Telecommunications Utilities 5.21%
8 Faller Health Care 5.13%
9 NoChange Cash 0.55%
10 nochange Others 5.41%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Top Holdings as at April 30, 2018
Rank Change Name % Weighting
1 Riser PORSCHE AUTOMOBIL HLDG SE NON VTG PRF NPV 5.98%
2 Riser LIBERBANK SA 5.91%
3 NewEntry INFRASTRUTTURE WIRELESS ITALIA SPA 5.21%
4 Faller NOVO-NORDISK AS 5.13%
5 NewEntry SMURFIT KAPPA GROUP PLC 4.31%
Total 26.54%
  •  Faller
  •  Riser
  •  No change
  • new  New entry