Fact sheet: AB I UnconstrBdPfl

Fund information
Fund name
AB I Unconstrained Bond Portfolio I2 H GBP
Fund manager company
AllianceBernstein (LUX) S.A
Fund type
Offshore Fund
Fund managers
  • Dimitri Silvasince 13/08/2013
  • Michael Monsince 12/09/2013
  • John Taylorsince 13/08/2013
Fund objective
Seeks to maximize long-term risk-adjusted returns by dynamically investing across a broad range of global fixed-income sectors and derivatives,Adopting an unconstrained, absolute return strategy,Balancing exposures to global governments/ treasuries and credit while adding opportunistic investments and managing volatility with the goal to avoid large drawdowns.
Benchmark
  • 1 month USD LIBOR
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.6%
1 Year rank in sector
272/287
Sector
FO Fixed Int - Global
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.94%
Fund size
£11m (£11m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
16
Top in this sector
Fund name1 Year
Capital Group GHIOL34.5%
Dodge & Cox Global Bond27.5%
Russell Gbl Bd27.2%
La Mondiale Global Bond26.9%
Aberdeen Global II GlGovtBd26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA48.6%
    Money Market33.9%
    Japan5.8%
    Malaysia5.4%
    UK3.3%
  • Cash & Cash Equivalents33.9%
    Non Investment Grade Bonds17.5%
    Mortgage & Secured Bonds15.6%
    Derivatives15%
    Others10.8%
  • US Fixed Interest48.6%
    Money Market33.9%
    Japanese Fixed Interest5.8%
    Malaysian Fixed Interest5.4%
    UK Fixed Interest3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%0.6%1.1%0.6%3.1%-
Sector0%2%4.4%6.2%8.6%17.4%
Rank within sector208 / 305238 / 303276 / 301272 / 287183 / 228-
Quartile3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.6%-0.1%2.2%--
Sector6.4%-1.6%3.7%-1.6%8.2%
Rank within sector278 / 29790 / 275152 / 236--
Quartile4th2nd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high15.62
52 week low15.11
Current bid price-
Current offer price-
Current mid price15.47
Region
1USA48.64%
2Money Market33.88%
3Japan5.82%
4Malaysia5.4%
5UK3.26%
6Canada3%
Industry sector
1Cash & Cash Equivalents33.88%
2Non Investment Grade Bonds17.48%
3Mortgage & Secured Bonds15.56%
4Derivatives14.97%
5Others10.84%
6Futures7.27%
Asset type
1US Fixed Interest48.64%
2Money Market33.88%
3Japanese Fixed Interest5.82%
4Malaysian Fixed Interest5.4%
5UK Fixed Interest3.26%
6Canadian Fixed Interest3%
Individual holdings
1U.S. TREASURY NOTES 1.375%. 4/30/20 - 4/30/218.01%
2CANADA HOUSING TRUST 3.8% BDS 15/06/21 CAD1000 CA5.39%
3UNITED STATES OF AMER TREAS NOTES 0.5% NTS 31/07/16 USD10004.98%
4UNITED STATES OF AMER TREAS BONDS 2.125% BDS 30/06/22 USD1003.82%
5TREASURY 2% GILT 07/09/25 GBP0.013.31%
6U.S. TREASURY NOTES 1.625%. 5/15/262.73%
7FNMA 2.125%. 4/24/262.3%
8CREDIT SUISSE 1.317%. 5/15/172.12%
9GERMANY(FEDERAL REPUBLIC OF) 1.5% TB 15/05/23 EUR10002.12%
Management
Fund manager group
AllianceBernstein
Fund manager company
AllianceBernstein (LUX) S.A
Fund type
Offshore Fund
Fund objective
Seeks to maximize long-term risk-adjusted returns by dynamically investing across a broad range of global fixed-income sectors and derivatives,Adopting an unconstrained, absolute return strategy,Balancing exposures to global governments/ treasuries and credit while adding opportunistic investments and managing volatility with the goal to avoid large drawdowns.
Benchmark
  • 1 month USD LIBOR
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Dimitri Silva13/08/2013
Michael Mon12/09/2013
John Taylor13/08/2013John Taylor currently serves as a vice president and as a member of the Global Fixed Income and Emerging-Market Debt teams. He has been with AllianceBernstein for thirteen years.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Luxembourg, Offshore
AB I Unconstrained Bond Portfolio A2 USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.21
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKKP
AB I Unconstrained Bond Portfolio I2 H GBP
Initial charge1.5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.47
CurrencyGBP
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSLR
AB I Unconstrained Bond Portfolio I2 USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.46
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMJK
AB I Unconstrained Bond Portfolio S USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.84
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMJL
AB I Unconstrained Bond Portfolio S1 USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.63
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMJM
Data provided by

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