POLAR CAPITAL NORTH AMERICAN I GBP

A relatively concentrated portfolio of companies of all sizes, run by an ex-Threadneedle manager.

  • 2011.00p Price (Inc)
  • - Price (Acc)
  • 0.00% 0.00%

    Initial charge
  • 0.75% Annual management charge
  • 0.84% Ongoing charges
  • 0.00% Yield

Fund data last updated 19 November 2019

The investment objective of the Fund is to achieve long term capital appreciation by way of investing in a diversified portfolio of North American companies.

Fund summary

Sector North America
Structure OFFSHORE FUND
Launched November, 2011
Size £1,919m
Yield 0.00%
Charging basis
Dividends paid May

Charges

Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.75%
Ongoing charges figure 0.84%

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Investment process

This fund is focused on all-cap North American long-only equities. Its aim is to outperform the MSCI North American by more than 5% per annum.

Manager research

Average monthly relative returns

Bestinvest MRI

14/15 15/16 16/17 17/18 18/19 3 years 5 years Career 3 years 5 years Career
0.72% 0.02% -0.01% 0.00% 0.00% 0.00% 0.00% 0.14% 0.00% 0.00% 92.40%

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

Andrew Holliman

Holliman graduated from Edinburgh University with a Bcom (Hons) in Business Studies in 1997 and joined Baillie Gifford in the same year. His initial year was spent as an investment analyst in the US department before moving to the UK Smaller Companies team for a year. He then returned to the US department where he became an Investment Manager. He joined Threadneedle in October 2003 and then moved to Polar Capital in May 2011. Holliman obtained an MSc in Investment Analysis from Stirling University in 2000 and is also a CFA charterholder.

Track record

Andrew Holliman has 8.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.14%. During the worst period of relative performance (from February 2008 - October 2008) there was a decline of 6% relative to the index. The worst absolute loss has been 25%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 92%.

Periods of worst performance

Absolute -25.00% (May 2007 - February 2009)
Relative -6.00% (February 2008 - October 2008)

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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Portfolio

40-60 stocks

Key Investor Documents

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