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 Norrismanager
for
19 years
and 3 months
Barry Norris graduated from Cambridge University in 1996 with an MA in History, and in 1997 with an MPhil in International Relations (with distinction). He also holds the CFA charter, the IMC and IIMR qualifications.
Following graduation, Barry joined Baillie Gifford, moving to Neptune Investment Management in June 2002 as Head of European Equities. There he had sole responsibility for the European Opportunities Fund from its launch in November 2002 before founding Argonaut in 2005. The Argonaut European Alpha Fund, which was launched in May 2005, is managed by Barry along very similar lines using his distinct “earnings momentum” process. Barry also manages the Ignis Argonaut Pan European Fund, launched in December 2005 and the Argonaut Absolute Return Fund launched in February 2009. He is a regular contributor to the financial media, appearing frequently on Bloomberg TV and has had opinion pieces published in the Daily Telegraph and the Financial Times.
Fund Overview
Mid (30/08/2024)
224.13p
Historic yield
3.10%
Fund size (30/11/2020)
£42.50m
Number of holdings
36
Entry Charge
0.00%
Ongoing Charges
0.81%
Launch date
16/07/2012
Asset Allocation
International Equities
94.94%
Property
4.27%
Cash and Equivalents
0.74%
Alternative Trading Strategies
0.04%
Commentary
The market suffered a much higher degree of volatility during the month as US inflation stoked fears of higher interest rates, and led to a bout of profit taking. The fall in the price of oil saw related sectors hit particularly badly. The fund underperformed its sector average* as a number of key holdings were indiscriminately sold off regardless of their fundamentals. Norwegain stocks were hit as 'hot money' flew out short term. We expect the market will recover fairly quickly repeating the scenario of the March/April peroid of volatility. We do not believe anything fundamental has changed and valutions remain attractive. The fund has taken advantage of buying those stocks which were sold off and have already bounce upwards. We continue to focus on company fundamentals, which are excellent within the portfolio.*Source: Lipper, bid to bif, net income reinvested to 31/10/05
Portfolio data accurate as at: 30/11/20
Important Information
Source of portfolio data: Broadridge. Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Portfolio data accurate as at:
Asset Allocation
International Equities
94.94%
Property
4.27%
Cash and Equivalents
0.74%
Alternative Trading Strategies
0.04%
Equity Sector Breakdown
Expand allCollapse all
Industry
Supersector
Sector
Subsector
Consumer Discretionary
22.37%
-
-
-
Consumer Products & Services
-
9.42%
-
-
Leisure Goods
-
-
4.82%
-
Electronic Entertainment
-
-
-
4.82%
Household Goods & Home Construction
-
-
2.77%
-
Home Construction
-
-
-
2.77%
Consumer Services
-
-
1.83%
-
Rental & Leasing Services: Consumer
-
-
-
1.83%
Media
-
4.95%
-
-
Media
-
-
4.95%
-
Publishing
-
-
-
2.99%
Radio & TV Broadcasters
-
-
-
1.95%
Travel & Leisure
-
4.06%
-
-
Travel & Leisure
-
-
4.06%
-
Travel & Tourism
-
-
-
2.28%
Airlines
-
-
-
1.78%
Retail
-
3.94%
-
-
Retailers
-
-
3.94%
-
Diversified Retailers
-
-
-
3.94%
Financials
18.71%
-
-
-
Financial Services
-
7.50%
-
-
Investment Banking & Brokerage Services
-
-
7.50%
-
Asset Managers & Custodians
-
-
-
7.50%
Banks
-
5.63%
-
-
Banks
-
-
5.63%
-
Banks
-
-
-
5.63%
Insurance
-
5.57%
-
-
Non-life Insurance
-
-
5.57%
-
Full Line Insurance
-
-
-
2.83%
Reinsurance
-
-
-
2.75%
Technology
17.21%
-
-
-
Technology
-
17.21%
-
-
Technology Hardware & Equipment
-
-
10.22%
-
Semiconductors
-
-
-
7.06%
Computer Hardware
-
-
-
3.15%
Software & Computer Services
-
-
6.99%
-
Software
-
-
-
4.15%
Consumer Digital Services
-
-
-
2.84%
Basic Materials
9.44%
-
-
-
Basic Resources
-
9.44%
-
-
Industrial Metals & Mining
-
-
4.93%
-
Iron & Steel
-
-
-
2.93%
Nonferrous Metals
-
-
-
2.00%
Precious Metals & Mining
-
-
4.51%
-
Gold Mining
-
-
-
4.51%
Health Care
9.00%
-
-
-
Health Care
-
9.00%
-
-
Pharmaceuticals & Biotechnology
-
-
7.09%
-
Pharmaceuticals
-
-
-
5.05%
Biotechnology
-
-
-
2.03%
Health Care Providers
-
-
1.91%
-
Health Care Services
-
-
-
1.91%
Real Estate
5.22%
-
-
-
Real Estate
-
5.22%
-
-
Real Estate Investment Trusts
-
-
5.22%
-
Industrial REITs
-
-
-
4.27%
Office REITs
-
-
-
0.95%
Utilities
4.87%
-
-
-
Utilities
-
4.87%
-
-
Electricity
-
-
4.87%
-
Alternative Electricity
-
-
-
4.87%
Industrials
4.87%
-
-
-
Industrial Goods & Services
-
4.87%
-
-
Industrial Support Services
-
-
3.00%
-
Transaction Processing Services
-
-
-
3.00%
Aerospace & Defence
-
-
1.86%
-
Aerospace
-
-
-
1.86%
Telecommunications
3.44%
-
-
-
Telecommunications
-
3.44%
-
-
Telecommunications Service Providers
-
-
3.44%
-
Telecommunications Services
-
-
-
3.44%
Energy
2.12%
-
-
-
Energy
-
2.12%
-
-
Non-Renewable Energy
-
-
2.12%
-
Integrated Oil & Gas
-
-
-
2.12%
Consumer Staples
1.98%
-
-
-
Personal Care, Drug & Grocery Stores
-
1.98%
-
-
Personal Care, Drug & Grocery Stores
-
-
1.98%
-
Drug Retailers
-
-
-
1.98%
Cash and Equivalents
0.74%
-
-
-
Alternative Trading Strategies
0.04%
-
-
-
Alternative Trading Strategies
-
0.04%
-
-
Alternative Trading Strategies
-
-
0.04%
-
Alternative Trading Strategies
-
-
-
0.04%
Non-Classified
0.00%
-
-
-
Regional Allocation
Developed Europe - Excl UK
59.81%
North America
20.92%
Emerging Europe
14.26%
Property
4.27%
Cash and Equivalents
0.74%
Fixed Interest Currencies
Non-Fixed Interest Assets
93.53%
Cash
3.01%
US Dollar
1.33%
Pound Sterling
1.28%
Unrecognised
0.23%
Australian Dollar
0.20%
Other Currencies
0.38%
Regional Breakdown
Expand allCollapse all
Region
Country
Developed Europe - Excl UK
59.81%
-
Italy
-
9.27%
Sweden
-
7.54%
Switzerland
-
5.90%
Germany
-
5.83%
Luxembourg
-
4.88%
Spain
-
4.87%
France
-
4.72%
Denmark
-
4.08%
Netherlands
-
3.85%
Austria
-
3.14%
Norway
-
2.99%
Ireland
-
1.78%
Belgium
-
0.95%
North America
20.92%
-
United States
-
20.92%
Emerging Europe
14.26%
-
Russian Federation
-
11.44%
Hungary
-
2.81%
Property
4.27%
-
Cash and Equivalents
0.74%
-
Breakdown By Market Cap (%)
Mega
14.17%
Large
20.67%
Medium
4.60%
Small
0.95%
Non-Classified
58.87%
Cash
0.74%
Top 10 Holdings
Stock
% Weight
Sector
Country
1
VNV GLOBAL AB
7.50%
Investment Banking & Brokerage Services
Sweden
2
EDP RENOVAVEIS SA
4.87%
Electricity
Spain
3
POLYUS PJSC
4.51%
Precious Metals & Mining
Russian Federation
4
WAREHOUSES DE PAUW NV
4.27%
Real Estate Investment Trusts
Direct Property and REITs
5
ZOOM VIDEO COMMUNICATIONS INC
4.15%
Software & Computer Services
United States
6
AMAZON.COM INC
3.94%
Retailers
United States
7
SILTRONIC AG
3.92%
Technology Hardware & Equipment
Germany
8
INFRASTRUTTURE WIRELESS ITALIA SPA
3.44%
Telecommunications Service Providers
Italy
9
LOGITECH INTERNATIONAL SA
3.15%
Technology Hardware & Equipment
Switzerland
10
AMS AG
3.14%
Technology Hardware & Equipment
Austria
Dual Aspect Equity Analysis
UK Equities
Int'l Equities
UK Bonds
Int'l Bonds
UK Gilts
Property
Other
Cash & Equiv
Total
Technology
-
17.21%
-
-
-
-
-
-
17.21%
Telecommunications
-
3.44%
-
-
-
-
-
-
3.44%
Financials
-
18.71%
-
-
-
-
-
-
18.71%
Real Estate
-
0.95%
-
-
-
4.27%
-
-
5.22%
Consumer Discretionary
-
22.37%
-
-
-
-
-
-
22.37%
Consumer Staples
-
1.98%
-
-
-
-
-
-
1.98%
Energy
-
2.12%
-
-
-
-
-
-
2.12%
Utilities
-
4.87%
-
-
-
-
-
-
4.87%
Health Care
-
9.00%
-
-
-
-
-
-
9.00%
Industrials
-
4.87%
-
-
-
-
-
-
4.87%
Basic Materials
-
9.44%
-
-
-
-
-
-
9.44%
Cash and Equivalents
-
-
-
-
-
-
-
0.74%
0.74%
Non-Classified
-
-
-
-
-
-
0.04%
-
0.04%
Important Information
The Industry Classification Benchmark is a product of FTSE International Limited and has been licensed for use. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Identification Codes
Sedol Code
B7MW8T7
Mex Code
-
Isin Code
GB00B7MW8T72
Citi Code
G0SN
Fund Charges
Entry Charge
0.00%
Ongoing Charges
0.81%
Aims and Benchmark
Aims
To achieve above average returns and attempt to perform a top quartile profile when measured against competing funds in the same sector.
Benchmark
MSCI Europe ex UK
Benchmark Category
-
IA Sector
Europe Excluding UK
Fund Background
Valuation frequency
Daily
Valuation point
12:00
Fund type
OEIC
Launch price
£1.00
Fund currency
Pound Sterling
Fund domicile
United Kingdom
ISA allowable
Yes
SIPP allowable
Yes
Distribution Details
Income frequency
Biannually
Distribution Type
No income
Distribution Payment Basis
Net
Distribution Dates
Ex dividend date(s)
Income payment date(s)
01 March
30 April
01 September
31 October
Ratings
FE Crown
Effect of Deductions
Assuming a growth rate of 6.00%
Assuming a growth rate of 7.00%
-
-
Fund Administration
Fund Trustee/Depository
NatWest Trustee and Depositary Services Limited
Fund Administrator
Valu-Trac Investment Management Limited
Fund Registrar
Valu-Trac Investment Management Limited
Fund Custodian
Royal Bank of Canada
Group Details
Group name
VT Argonaut Capital Partners
Group address
IFDS Managers – Argonaut
PO Box 11954
Chelmsford
CM99 2DR
Group telephone
0207 152 6107
Dealing telephone
0844 620 0290
Email
-
Homepage
www.argonautcapitalpartners.co.uk
Fax number
-
Dealing
Minimum Investment
-
Minimum Top Up
-
Minimum Regular Saving
-
Settlement Period: Buy
4 days
Settlement Period: Sell
4 days
Pricing Basis
Forward
Dealing Decimals
4
Important Information
Ongoing charges may vary in the future and may be higher than they are now. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage.
Important Information
Source of performance data: FE fundinfo. We can’t predict the future. Past performance isn’t a guide to future performance. The figures shown are intended only to demonstrate performance history of the fund, after allowing for the impact of ongoing charges, but take no account of product charges. Ongoing charges may vary in the future and may be higher than they are now. Fund performance is based upon the movement of the daily price and is shown as total return in GBP with income reinvested. The value of your investment can go down as well as up so you might get back less than you put in. This factsheet is for information purposes only. If there is information or terminology included that you would like to discuss, then please contact an adviser. Investors should refer to their policy documentation and supporting brochures for fund availability, investment strategy, any product information and charges. Every care has been taken in populating this output, however it must be appreciated that neither Broadridge, Prudential nor their sources guarantee the accuracy, adequacy or completeness of this information or make any warranties regarding results from its usage. "Prudential" is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 15454. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.