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FP Argonaut European Alpha Fund Class A GBP Accumulation

Performance History30/11/2017
Growth of 1,000 (GBP) Advanced Graph
FP Argonaut European Alpha Fund Class A GBP Accumulation
Fund30.73.015.0-2.013.2
+/-Cat3.94.05.7-18.3-3.2
+/-B’mrk5.43.79.9-20.6-2.3
 
Key Stats
NAV
12/12/2017
 GBX 353.44
Day Change -0.12%
Morningstar Category™ Europe ex-UK Large-Cap Equity
IA (formerly IMA) Sector Europe Excluding UK
ISIN GB00B4ZRCD05
Fund Size (Mil)
30/11/2017
 GBP 155.90
Share Class Size (Mil)
12/12/2017
 GBP 54.92
Max Initial Charge 5.25%
Ongoing Charge
15/06/2017
  1.91%
*  This rating and report were issued for a different share class of this fund. The performance and fee structure of this class may vary from that referenced.
Morningstar Research
Analyst Report

This fund has endured a tough period recently, but conviction is retained. Barry Norris launched this fund in May 2005, shortly after establishing Argonaut Capital. Prior to this, Norris worked at Neptune, where he built a strong track record as...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
PeoplePositive
ParentNeutral
ProcessPositive
PerformanceNeutral
PriceNeutral
Investment Objective: FP Argonaut European Alpha Fund Class A GBP Accumulation
To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector. At least 8% of investment is in shares of companies which are established in Europe and Ireland (but not the UK). the Fund can also invest in companies from outside Europe who do substantial business in Europe and are listed on a recognised stock exchange. the Fund will hold shares in 36 companies. the Fund may also invest in other types of shares, bonds (contracts to repay borrowed money with interest at fixed intervals), regulated funds (which are schemes where investors’ money is pooled to buy investments), cash and similar cashlike investments, as well as money market instruments (which are a type of security where cash can be deposited for short periods) and other types of investments which are mainly bought or sold on recognised stock exchanges.
Returns
Trailing Returns12/12/2017
YTD12.19
3 Years Annualised8.35
5 Years Annualised11.47
10 Years Annualised*6.55
12 Month Yield 0.98
Management
Manager Name
Start Date
Barry Norris
14/07/2012
Inception Date
14/07/2012
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Europe Ex UK GR EURMSCI Europe Ex UK NR EUR
Portfolio Profile for  FP Argonaut European Alpha Fund Class A GBP Accumulation31/10/2017
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.370.0099.37
Bond0.000.000.00
Property0.000.000.00
Cash4.143.510.63
Other0.000.000.00
Top 5 Regions%
Eurozone54.14
Europe - ex Euro23.95
Europe - Emerging11.77
United Kingdom6.94
United States3.21
Top 5 Sectors%
Technology26.22
Financial Services25.79
Basic Materials11.20
Industrials8.27
Consumer Cyclical7.70
Top 5 HoldingsSector%
Lonza Group LtdBasic MaterialsBasic Materials4.14
Sunrise Communications Group AGCommunication ServicesCommunication Services4.14
Porsche Automobil Holding SEConsumer CyclicalConsumer Cyclical4.07
ASML Holding NVTechnologyTechnology4.06
Ubisoft EntertainmentTechnologyTechnology4.03
FP Argonaut European Alpha Fund Class A GBP Accumulation
* This share class has performance data calculated prior to the inception date, 2012-07-14. This is based upon a simulated/extended track record and is in accordance with Morningstar’s Extended Performance Methodology paper. To find out more about this, click here.