Melchior Selected Trust European Opportunities I7 GBP

A multi-cap pan European equity fund targeting capital growth.

  • 34735.40p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 0.85%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.09%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 18 June 2021

The investment objective of the European Opportunities Fund is to achieve longer term capital growth, from a portfolio primarily made up of the shares of European companies or using derivatives to generate exposure to such equities. The fund will have a blend of investments in larger, medium and smaller sized companies.

Fund summary

Sector Europe Including UK
Structure OFFSHORE FUND
Launched May, 2010
Size £916m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only.

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.85%
Ongoing charges figure 1.09%

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Investment process

Manager research

Average monthly relative returns

  • 16/17 -0.06%
  • 17/18 0.32%
  • 18/19 -0.36%
  • 19/20 0.17%
  • 20/21 0.57%

Bestinvest MRI

  • 3 years 0.13%
  • 5 years 0.13%
  • Career 0.30%
  • 3 years 74.90%
  • 5 years 85.10%
  • Career 99.90%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

David Robinson

Robinson joined Dalton Strategic Partners in 2005 after qualifying as a lawyer at Freshfields Bruckhaus Deringer. He started his investment career as an analyst on the Melchior North America Opportunities Fund in 2005. In 2006 he joined DSP’s newly formed European long/short team as an analyst on the Melchior European Absolute Return strategy. In 2008, he took over the management of a European equity long-only segregated account, before launching the Melchior European Opportunities Fund in May 2010. Robinson has a degree in Modern History from New College, Oxford.

Track record

David Robinson has 10.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.3%. During the worst period of relative performance (from March 2018 - September 2019) there was a decline of 9% relative to the index. The worst absolute loss has been 20%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -20.00% (December 2019 - March 2020)
Relative -9.00% (March 2018 - September 2019)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Key Investor Information

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