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
- - 0.96% 0.00% / £10
 Star Rating Fund Risk Level   12 Month Performance
1 Medi-HighMedi-HighMedi-HighMedi-HighMedi-High 332.15 295.59
Quick Stats Purchase info
Currency: GBX Change on day 0.06% Sector UT Europe Excluding UK Min: £20.00
Bid price: 0.00 YTD return -1.73% Fund size(£m) 107.64 ISA: Yes
Mid price: 309.50 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 -0.55% -1.88% 1.23% 14.62%
UT Europe Excluding UK 0.31% 1.90% 0.84% 39.14%



Sector Weighting - as at 30/06/18
Region Weighting - click here
Sector % of fund
Financials 29.17
Information Technology 14.28
Energy 13.76
Materials 12.20
Industrials 10.84
Health Care 6.88
Consumer Discretionary 5.39
Telecommunications Utilities 4.97
Real Estate 1.42
Region Weighting - as at 30/06/18
Sector Weighting - click here
Region % of fund
Norway 16.81
Germany 12.88
Italy 10.07
UK 8.69
Spain 7.91
Netherlands 7.65
Russia 7.64
Denmark 6.04
France 4.64

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 £107.64 M at 10/08/2018 Price date 17/08/2018
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 309.50 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 0.96% at 28/02/2018
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 -1.48% -1.88% 1.23% 14.62% 48.44%
Sector -0.10% 1.90% 0.84% 39.14% 58.77%
Relative to sector -1.38% -3.78% 0.39% -24.52% -10.33%
Rank within sector 76/105 95/104 37/100 89/90 70/84
Quartile 3rd 4th 2nd 4th 4th
Discrete Annual Performance to Last Quarter End in GBX
  0-12m 12m-24m 24m-36m 36m-48m 48m-60m
Fund 4.39% 16.56% -3.97% 9.57% 18.92%
Sector 2.98% 29.39% 4.14% 4.22% 15.21%
Relative to sector 1.41% -12.83% -8.11% 5.35% 3.71%
Rank within sector 28/100 94/94 88/90 12/85 17/84
Quartile 2nd 4th 4th 1st 1st
Performance by Calendar Year in GBX
  YTD 2017 2016 2015 2014
Fund -1.73% 14.92% -1.03% 16.13% 4.02%
Sector 0.80% 17.23% 16.44% 9.09% -0.66%
Relative to sector -2.53% -2.31% -17.47% 7.04% 4.68%
Rank within sector 86/104 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 295.59 (British Pence)
Risk Statistics
Volatility Alpha Beta Sharpe Tracking Error Information Ratio R2
Fund 11.07 -5.27 0.92 0.14 6.22 -1.00 0.68
Asset Weightings as at June 30, 2018
Rank Change Name % Weighting
1 Riser Norwegian Equities 16.81%
2 NoChange German Equities 12.88%
3 Faller Italian Equities 10.07%
4 Riser UK Equities 8.69%
5 Riser Spanish Equities 7.91%
6 Riser Dutch Equities 7.65%
7 Faller Russian Equities 7.64%
8 Faller Danish Equities 6.04%
9 Faller French Equities 4.64%
10 nochange Others 17.67%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Region Weightings as at June 30, 2018
Rank Change Name % Weighting
1 Riser Norway 16.81%
2 NoChange Germany 12.88%
3 Faller Italy 10.07%
4 NewEntry UK 8.69%
5 Riser Spain 7.91%
6 Riser Netherlands 7.65%
7 Faller Russia 7.64%
8 Faller Denmark 6.04%
9 Faller France 4.64%
10 nochange Others 17.67%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Sector Weightings as at June 30, 2018
Rank Change Name % Weighting
1 NoChange Financials 29.17%
2 Riser Information Technology 14.28%
3 Faller Energy 13.76%
4 NoChange Materials 12.20%
5 Faller Industrials 10.84%
6 NoChange Health Care 6.88%
7 NoChange Consumer Discretionary 5.39%
8 NoChange Telecommunications Utilities 4.97%
9 Riser Real Estate 1.42%
10 nochange Others 1.08%
  •  Faller
  •  Riser
  •  No change
  • new  New entry
Top Holdings as at June 30, 2018
Rank Change Name % Weighting
1 NoChange BORR DRILLING LTD 5.07%
2 Riser INFRASTRUTTURE WIRELESS ITALIA SPA 5.01%
3 NewEntry GRENKE AG 5.00%
4 Faller NOVO-NORDISK AS 5.00%
5 NoChange LIBERBANK SA 4.88%
Total 24.96%
  •  Faller
  •  Riser
  •  No change
  • new  New entry