Europe Small & Mid Cap Equity
Mirabaud - Discovery Europe ex-UK
Last updated: 2026-09-17
The Verdict
Mirabaud - Discovery Europe ex-UK charges an expense ratio of 1.83%. On a $100,000 portfolio, that's $1,830 per year in fees, and it scales with the amount invested. Supreme.PM's decoded model tracked it at 88% correlation, for a flat monthly subscription that does not change with portfolio size.
Expense Ratio
1.83%
Star Rating
5/ 5
Market Beta
0.98
Model Correlation
88%
Sharpe Ratio
0.47
Max Drawdown
44.86%
Supreme.PM Cost
Flat monthly subscription
Not a percentage of your assets
Performance
Performance comparison — 1Y: Fund 16.1% vs Model 13.8%; 3Y: Fund 83.2% vs Model 76.9%; 5Y: Fund 50.5% vs Model 56.5%.
Alpha After Fees
Supreme.PM's model achieves 88% correlation with Mirabaud - Discovery Europe ex-UK, providing similar exposure at a flat subscription cost.
Fee Analysis
Mirabaud - Discovery Europe ex-UK charges 1.83% of assets annually. Supreme.PM charges a flat monthly subscription instead, so its cost does not rise as a portfolio grows.
Data sources: Refinitiv Lipper, SEC EDGAR Filings, Supreme.PM Analytics
Past performance does not guarantee future results. Model returns are backtested and may not reflect actual trading conditions.
Related
Europe Small & Mid Cap Equity Category
Browse all Europe Small & Mid Cap Equity funds
Europe Small & Mid Cap Equity Rankings
Top-rated Europe Small & Mid Cap Equity funds
Our Methodology
How we decode fund strategies
MFS Meridian Funds-European Smaller Cos
2-star rated
Comgest Growth Europe Smaller Companies
1-star rated
IFSL Marlborough European Special Situations
4-star rated
Schroder European Smaller Companies
2-star rated
Barings Europe Select Trust
3-star rated
Frequently Asked Questions
What is the expense ratio of Mirabaud - Discovery Europe ex-UK?
Mirabaud - Discovery Europe ex-UK has an expense ratio of 1.83%, charged as a percentage of the amount invested. Supreme.PM's decoded model is offered for a flat monthly subscription instead.
How does Supreme.PM replicate Mirabaud - Discovery Europe ex-UK?
Supreme.PM builds a transparent, rules-based model of listed securities designed to track this fund's return profile. Over the measured period it tracked the fund closely, at 88% correlation. The model is published in full, so its positions are visible rather than disclosed with a delay.
What are the risks of fund replication?
While our models aim for high correlation, they may not perfectly match the fund's returns due to timing differences in rebalancing, transaction costs, and disclosure delays. Backtested results may not reflect future performance.
Get This Strategy
Start investing with Supreme.PM's decoded model and save on fees while capturing similar returns.