Fact sheet: AlcentraEuroFRILd

Fund information
Fund name
Alcentra European Floating Rate Income Limited Ord
Fund manager company
Alcentra
Fund type
Investment Trust
Fund manager
  • Graham Rainbowsince 06/03/2012
Fund objective
The Company aims to provide Shareholders with regular quarterly dividends and the opportunity for capital growth by utilising the skills of the Investment Manager in selecting suitable investments. The Group, as advised by the Investment Manager, will invest either directly or, through sub-participation, indirectly in floating rate, secured loans or high-yield bonds issued by European and US corporate entities predominantly rated below investment grade or deemed by the Investment Manager to be of a corresponding credit quality. The Company expects at least 80 per cent. of its investments to be in debt obligations of corporate entities domiciled, or with significant operations, in Western Europe (including the United Kingdom). Investments are expected to be denominated in Euro, Sterling or US dollars.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
3.7%
1 Year rank in sector
13/21
Sector
IT Debt
Yield
5.6%
Fund size
£171m
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.
54
Mid price
99.25
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
104.04
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-4.36
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
Duet Real Estate Fin Ltd588.6%
Volta Finance Limited15.5%
Fair Oaks Income Fund Ltd12.1%
Blackstone/GSO Loan Fin Ltd10.9%
Carador Income PLC8.9%
...more in IT Debt

Performance snapshot

Holdings snapshot

  • UK34.6%
    Netherlands11.8%
    France10.5%
    Germany9.5%
    USA7.4%
  • Others51.9%
    Health Care16.4%
    Business Services9%
    Financial Services8.2%
    Media6.6%
  • UK Fixed Interest34.6%
    Dutch Fixed Interest11.8%
    French Fixed Interest10.5%
    German Fixed Interest9.5%
    US Fixed Interest7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%4.3%4.4%3.7%7%-
Sector-1%1.1%7.8%8.8%9%12.8%
Rank within sector12 / 243 / 2414 / 2213 / 218 / 11-
Quartile2nd1st3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.7%2%2.2%9.5%-
Sector9.1%-2.6%2.4%9.2%-4.2%
Rank within sector18 / 228 / 158 / 113 / 7-
Quartile4th3rd3rd2nd
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.
1.04
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.
0.41
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%.
6.07
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.
6.36
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.
-0.12
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.
0.1
Price movement
52 week high104.5
52 week low94.25
Current bid price99.25
Current offer price99.5
Current mid price99.25
Region
1UK34.62%
2Netherlands11.76%
3France10.45%
4Germany9.53%
5USA7.4%
6Spain6.02%
7Luxembourg5.76%
8Others5.35%
9Sweden4.6%
Industry sector
1Others51.89%
2Health Care16.43%
3Business Services9.03%
4Financial Services8.24%
5Media6.58%
6Chemicals6.42%
7Money Market1.41%
Asset type
1UK Fixed Interest34.62%
2Dutch Fixed Interest11.76%
3French Fixed Interest10.45%
4German Fixed Interest9.53%
5US Fixed Interest7.4%
6Spanish Fixed Interest6.02%
7Luxembourg Fixed Interest5.76%
8Global Fixed Interest5.35%
9Swedish Fixed Interest4.6%
Individual holdings
1MOTOR FUEL GROUP2.53%
2CAPIO AB2.52%
3ERM POWER LTD2.47%
4GALAPAGOS NV2.44%
5EIRCOM2.27%
Management
Fund manager group
Alcentra
Fund manager company
Alcentra
Fund type
Investment Trust
Fund objective
The Company aims to provide Shareholders with regular quarterly dividends and the opportunity for capital growth by utilising the skills of the Investment Manager in selecting suitable investments. The Group, as advised by the Investment Manager, will invest either directly or, through sub-participation, indirectly in floating rate, secured loans or high-yield bonds issued by European and US corporate entities predominantly rated below investment grade or deemed by the Investment Manager to be of a corresponding credit quality. The Company expects at least 80 per cent. of its investments to be in debt obligations of corporate entities domiciled, or with significant operations, in Western Europe (including the United Kingdom). Investments are expected to be denominated in Euro, Sterling or US dollars.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Graham Rainbow06/03/2012
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
Guernsey, Offshore
Alcentra European Floating Rate Income Limited Ord
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.12
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNK8I
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.