Fact sheet: AC Risk Parity 7

Fund information
Fund name
AC Risk Parity 7 EUR Ret B
Fund manager company
Alceda Fund Management
Fund type
No data available.
Fund manager
  • Harold Heuschmidtsince 05/02/2008
Fund objective
The Fund applies a multi-asset-strategy and invests into bonds, commodities, equities and rates, broadly diversifying within each asset class in order to achieve optimum portfolio diversification. The asset classes are weighted according to their risk, rather than invested capital, so that each asset class contributes equally to the overall risk of the portfolio (Risk Parity). Applying a robust risk management system, the Fund targets a volatility of 7% p.a. and aims to generate returns with low correlations to traditional markets.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
-2.8%
1 Year rank in sector
83/126
Sector
FO Hedge/Stru Prod - Mixed
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.
3.1%
Fund size
£41m (£171m 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.
31
Top in this sector
Fund name1 Year
Veritas Global Real Return26.4%
Nordea 1 Alpha 1524.6%
La Fayette Holdings22%
Pimco GIS Stk Pl17.2%
Nordea 1 Multi-Asset15.9%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-0.4%-0.9%-2.8%-3%-8%
Sector-0.2%0.8%0.4%-0.6%5.8%7.2%
Rank within sector114 / 140113 / 14492 / 14183 / 12670 / 8365 / 70
Quartile4th4th3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.8%-4.9%4.8%-8.1%4.2%
Sector-0.1%-0.6%5.1%1.4%1.9%
Rank within sector86 / 13391 / 11539 / 9582 / 8632 / 77
Quartile3rd4th2nd4th2nd
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.
-2.19
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.
0.88
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.
-0
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%.
4.17
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.
3.75
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.
-0.66
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.
0.19
Price movement
52 week high114.68
52 week low108.04
Current bid price-
Current offer price-
Current mid price109.58
Region
1International100%
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Alceda Fund Management
Fund manager company
Alceda Fund Management
Fund type
No data available.
Fund objective
The Fund applies a multi-asset-strategy and invests into bonds, commodities, equities and rates, broadly diversifying within each asset class in order to achieve optimum portfolio diversification. The asset classes are weighted according to their risk, rather than invested capital, so that each asset class contributes equally to the overall risk of the portfolio (Risk Parity). Applying a robust risk management system, the Fund targets a volatility of 7% p.a. and aims to generate returns with low correlations to traditional markets.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Fund manager
NameSinceBiography
Harold Heuschmidt05/02/2008Harold Heuschmidt is, together with Dieter Rentsch, head of Aquila Capital's quant team. As Head of Quant Fund Management, he is the key person responsible behind the conception and implementation of the Risk Parity strategy since inception in 2004. Mr. Heuschmidt has 30 years of financial markets experience and previously worked for American Express, Morgan Stanley Equity Derivatives and Credit Suisse First Boston Equity Derivatives. He holds a Master of Business Administration from INSEAD, Fontainebleau, France.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Singapore, Slovenia, Sweden
AC Risk Parity 7 CHF B
Initial charge5%
Annual charge1.2%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.14%
Total expense ratio (TER)3.14%
Bid price-
Offer price-
Mid price88.73
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMHH8
AC Risk Parity 7 CHF Inst A
Initial charge5%
Annual charge1.2%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.57%
Total expense ratio (TER)2.57%
Bid price-
Offer price-
Mid price91.26
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKYS8
AC Risk Parity 7 CZK B
Initial charge5%
Annual charge1.2%
Min single investment£25,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.9%
Total expense ratio (TER)2.9%
Bid price-
Offer price-
Mid price956.07
CurrencyCZK
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWJC
AC Risk Parity 7 EUR C
Initial charge5%
Annual charge1.2%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.45%
Total expense ratio (TER)2.45%
Bid price-
Offer price-
Mid price85.15
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHQD0
AC Risk Parity 7 EUR D
Initial charge5%
Annual charge1.2%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.59%
Total expense ratio (TER)2.59%
Bid price-
Offer price-
Mid price89.01
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0H0W
AC Risk Parity 7 EUR GBP
Initial charge5%
Annual charge1.2%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.53%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price134.19
CurrencyEUR
Price updated30/04/2010
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0P9
AC Risk Parity 7 EUR Inst A
Initial charge5%
Annual charge1.2%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.58%
Total expense ratio (TER)2.58%
Bid price-
Offer price-
Mid price114.95
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBOZ3
AC Risk Parity 7 EUR Ret B
Initial charge5%
Annual charge1.2%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.1%
Total expense ratio (TER)3.1%
Bid price-
Offer price-
Mid price109.58
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEUK0
AC Risk Parity 7 EUR USD
Initial charge5%
Annual charge1.2%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.62%
Total expense ratio (TER)2.62%
Bid price-
Offer price-
Mid price86.34
CurrencyEUR
Price updated30/04/2010
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0P8
AC Risk Parity 7 GBP A
Initial charge5%
Annual charge1.2%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.53%
Total expense ratio (TER)2.53%
Bid price-
Offer price-
Mid price117.85
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEUK2
AC Risk Parity 7 JPY I
Initial charge5%
Annual charge1.2%
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)2.08%
Bid price-
Offer price-
Mid price9765.89
CurrencyJPY
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWJD
AC Risk Parity 7 SEK B
Initial charge5%
Annual charge1.2%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.16%
Total expense ratio (TER)3.34%
Bid price-
Offer price-
Mid price96.4
CurrencySEK
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCKH
AC Risk Parity 7 USD A
Initial charge5%
Annual charge1.2%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.62%
Total expense ratio (TER)2.62%
Bid price-
Offer price-
Mid price115.1
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEUK1
AC Risk Parity 7 USD B
Initial charge5%
Annual charge1.2%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)3.11%
Total expense ratio (TER)3.11%
Bid price-
Offer price-
Mid price93.87
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM9C7
AC Risk Parity 7 USD R
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)2.28%
Bid price-
Offer price-
Mid price97.47
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK0IS
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