Morningstar Fund Report  | 31/07/2010Print

Bestinfond FI

Performance History31/07/2010
Growth of 1,000 (GBP) Advanced Graph
Performance History
Fund24.26.6-23.847.2-1.4
+/-Cat5.5-1.74.515.50.7
+/-Idx0.2-2.410.38.02.6
 
Category: Eurozone Small-Cap Equity
Index: MSCI EMU Small Cap NR USD
Trailing Returns29/07/2010
YTD-0.70
3 Years Annualised1.44
5 Years Annualised9.32
10 Years Annualised17.34
12 Month Yield 0.00
Tax Year Return 77.67
Benchmarks
Fund Benchmark
30% Indice General Bolsa de Madrid ,  70% MSCI World Index
Morningstar Benchmark
MSCI EMU Small Cap NR USD
Key Stats
Morningstar
Qualitative Rating™		 
Elite
Superior
Standard
Inferior
Impaired
Morningstar Rating™ 5 star
Morningstar Category™ Eurozone Small-Cap Equity
ISIN ES0114673033
NAV
29/07/2010		 EUR 95.84
Day Change 0.42%
Fund Size (Mil)
29/07/2010		 EUR 860.33
Share Class Size (Mil)
29/07/2010		 EUR 860.33
Max Initial Charge -
Total Expense Ratio
31/12/2008		 1.82%
Deferred Load 3.00%
Max Exit Charge 3.00%
Inception Date 13/01/1993
Manager Name
Start Date
Francisco García Paramés
13/01/1993
Fernando Bernad
01/01/2007
Álvaro Guzmán de Lázaro
01/03/2003
Investment Objective: Bestinfond FI
N/A
Portfolio Profile for  Bestinfond FI31/03/2010
Asset Allocation
  % Long% Short% Net Assets
Stock93.710.0093.71
Bond6.290.006.29
Property0.000.000.00
Cash0.000.000.00
Other0.000.000.00
Top 5 Regions%
Eurozone75.09
Europe - ex Euro16.54
United Kingdom7.23
United States1.14
Canada0.00
Top 5 Sectors%
Industrial Materials26.06
Consumer Goods21.62
Financial Services15.25
Consumer Services12.48
Media9.97
Top 5 HoldingsSector%
Spain(Kingdom Of) 2.3%6.29
Bayerische Motoren Werke AGConsumer GoodsConsumer Goods5.84
Cir-Compagnie Industriali RiuniteFinancial ServicesFinancial Services4.63
Wolters Kluwer NVMediaMedia4.49
Debenhams PLCConsumer ServicesConsumer Services3.93
Increase Decrease New since last portfolio
Growth Of 1000 (GBP) 31/07/2010
Fund:  Bestinfond FI
Category:  Eurozone Small-Cap Equity
Index:  MSCI EMU Small Cap NR USD
Growth of 1,000 GBP
Annual Returns31/07/2010
 200320042005200620072008200931/07
Total Return49.3930.5124.7424.256.58-23.8447.22-1.45
+/- Category8.6813.57-2.055.54-1.734.5015.480.69
+/- Index4.709.15-6.470.19-2.4010.278.002.60
% Rank in Category26116826631121-
Trailing Returns29/07/2010
   Total Returns   +/- Category   +/- Index
1 Day0.42   1.701.32
1 Week-0.76   -0.83-1.44
1 Month7.57   0.580.19
3 Months-3.84   4.874.79
6 Months2.22   2.554.62
YTD-0.70   1.483.34
1 Year25.60   5.518.45
3 Years Annualised1.44   6.147.06
5 Years Annualised9.32   4.664.59
10 Years Annualised17.34   15.0310.42
 
Category: Eurozone Small-Cap Equity
Index: MSCI EMU Small Cap NR USD
Quarterly Returns31/07/2010
 Quarter 1Quarter 2Quarter 3Quarter 4
20106.06-11.69--
2009-12.1225.1829.503.34
2008-3.38-7.15-10.20-5.46
200710.215.42-3.18-5.25
200616.37-5.564.068.64
20055.223.9211.642.18
 
 
 
Morningstar Rating™(Relative to Category)30/06/2010
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearHighAverage5 star
5-YearHighBelow Average5 star
10-YearHighBelow Average5 star
OverallHighBelow Average5 star
 
Category :  Eurozone Small-Cap EquityClick here to see our Methodology
Volatility Measurements31/07/2010
 
Modern Portfolio Statistics31/07/2010
 Standard IndexBest Fit Index
 MSCI EMU Small Cap NR USD  MSCI Europe Small Cap NR USD
3-Yr R-Squared86.2187.18
3-Yr Beta0.860.86
3-Yr Alpha4.613.26
 
Investment Style Details31/03/2010
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)EUR 1248-
Market Capitalisation% of Portfolio
Giant0.00
Large12.27
Medium37.00
Small35.69
Micro15.04
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings13.141.04
Price/Book1.261.14
Price/Sales0.300.76
Price/Cash Flow3.371.27
Dividend-Yield Factor2.630.99
 
Long-Term Projected Earnings Growth6.870.94
Historical Earnings Growth58.70-4.72
Sales Growth-39.021.32
Cash-Flow Growth-24.450.67
Book-Value Growth-12.020.60
 
Category: Eurozone Small-Cap Equity
Asset Allocation31/03/2010
Asset Allocation
 % Long% Short% Net Assets
Stock93.710.0093.71
Bond6.290.006.29
Property0.000.000.00
Cash0.000.000.00
Other0.000.000.00
World Regions31/03/2010
 % of EquityRelative to Category
United States1.142.53
Canada0.000.00
Latin America0.000.00
United Kingdom7.232.30
Eurozone75.090.83
Europe - ex Euro16.542.72
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan0.000.00
Australasia0.00-
Asia - Developed0.00-
Asia - Emerging0.000.00
 
Category: Eurozone Small-Cap Equity
Sector Weightings31/03/2010
 % of EquityRelative to Category
InformationInformation14.491.02
SoftwareSoftware0.370.18
HardwareHardware0.860.43
MediaMedia9.971.48
TelecommunicationsTelecommunications3.300.96
ServiceService35.050.99
HealthcareHealthcare1.000.24
Consumer ServicesConsumer Services12.481.48
Business ServicesBusiness Services6.330.76
Financial ServicesFinancial Services15.251.07
ManufacturingManufacturing50.451.00
Consumer GoodsConsumer Goods21.621.28
Industrial MaterialsIndustrial Materials26.060.87
EnergyEnergy2.780.96
UtilitiesUtilities0.000.00
 
Category: Eurozone Small-Cap Equity
Top 10 Holdings31/03/2010
 Portfolio
Total Number of Equity Holdings92
Total Number of Bond Holdings1
Assets in Top 10 Holdings39.90
NameSectorCountry% of Assets
Spain(Kingdom Of) 2.3%Spain6.29
Bayerische Motoren Werke AGConsumer GoodsGermany5.84
Cir-Compagnie Industriali RiuniteFinancial ServicesItaly4.63
Wolters Kluwer NVMediaNetherlands4.49
Debenhams PLCConsumer ServicesUnited Kingdom3.93
Schindler Holding AG, HergiswilIndustrial MaterialsSwitzerland3.31
ThalesIndustrial MaterialsFrance3.18
SemapaIndustrial MaterialsPortugal2.87
METALL ZUG LtdFinancial ServicesSwitzerland2.69
Ferrovial SAConsumer GoodsSpain2.66
 
Increase Decrease New since last portfolio
Category: Eurozone Small-Cap Equity

Management
Name of CompanyBestinver Asset Management
Phone+34 91 595 9150
Websitewww.bestinver.com
AddressJuan de Mena 8, 1º Dcha.
 Madrid   28014
 Spain
DomicileSpain
Legal StructureOpen Ended Investment Company
UCITSYes
Inception Date13/01/1993
Fund Advisor(s)
Santander Investment SA
Fund ManagerFrancisco García Paramés
Manager Start Date13/01/1993
 
Biography
He has an Economics degree (Universidad Complutense) and a Master´s degree (IESE). In 1989 he joined Bestinver, where he began to manage portfolios and funds. In 1997 he began to manage Bestinver International, taking it to the leading positions in the market of foreign funds sold in Spain. Self-taught, his management style is based on the strict application of the principles of value investing, within a framework of detailed knowledge of the Austrian theory of economic cycles.
Fund ManagerFernando Bernad
Manager Start Date01/01/2007

Fund ManagerÁlvaro Guzmán de Lázaro
Manager Start Date01/03/2003

Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge -
Deferred Load3.00%
Max Exit Charge3.00%
Switching Fee0.00%
Annual Charges
Management Fee (Max)1.75%
Total Expense Ratio1.82%
Purchase Details
Minimum Investments
Initial6000  EUR
Additional6000  EUR
Savings0 EUR
Tax Free Savings Schemes
ISANo