Fact sheet: CS Nova(L)CSGainsARCSCmdty+

Fund information
Fund name
CS Nova (Lux) CS Gains ARCS Commodity Plus IB USD
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund managers
  • Christopher Burtonsince 31/12/2012
  • Nelson Louiesince 31/12/2012
Fund objective
The investment objective of the Subfund is to obtain the highest possible capital appreciation by investing in the commodity markets using a proprietary weighting methodology, the Credit Suisse - GAINS (Glencore Active Index Strategy) ARCS (Absolute Return Commodity Strategy).
Benchmark
No data available.
Investment style
Absolute Return
Investment method
Futures, Derivatives, Physical
Quick stats
1 Year return
-1.3%
1 Year rank in sector
83/102
Sector
FO Commodity & Energy
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.
1.95%
Fund size
£14m (£14m 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.
86
Top in this sector
Fund name1 Year
Pictet Timber33.5%
KBI Inst Wtr32.8%
Baring Global Mining32.7%
SIA Long Term Invest Nat Res32.5%
Pictet Clean Energy30.5%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.6%-1.3%-1.3%0.4%-
Sector-0.3%-3.7%1.8%7.2%-15.8%-20.9%
Rank within sector51 / 10120 / 10264 / 10283 / 10232 / 94-
Quartile3rd1st3rd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.3%-3.4%-0.6%5.4%-1.7%
Sector-0.4%23.1%-19.8%-9%-6.6%
Rank within sector39 / 10293 / 10114 / 9916 / 9136 / 86
Quartile2nd4th1st1st2nd
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.
0.55
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.
-0.08
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%.
3.98
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.
15.56
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.
0.36
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.
0.08
Price movement
52 week high1035.65
52 week low993.03
Current bid price-
Current offer price-
Current mid price1008.69
Region
No data available.
Industry sector
No data available.
Asset type
1Commodity & Energy100%
Individual holdings
1US TREASURY 0.777 31/01/1819.19%
2US TREASURY 0.879 31/01/197.37%
3FREDDIE MAC 22/02/197.35%
4FANNIE MAE 08/03/196.62%
5US TREASURY 0.767 31/10/175.89%
6US TREASURY 31/10/183.69%
7FANNIE MAE 28/02/193.68%
8FREDDIE MAC 24/07/183.68%
9FEDERAL FARM CREDIT 18/07/182.96%
Management
Fund manager group
Credit Suisse
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund objective
The investment objective of the Subfund is to obtain the highest possible capital appreciation by investing in the commodity markets using a proprietary weighting methodology, the Credit Suisse - GAINS (Glencore Active Index Strategy) ARCS (Absolute Return Commodity Strategy).
Benchmark
No data available.
Investment style
Absolute Return
Investment method
Futures, Derivatives, Physical
Fund managers
NameSinceBiography
Christopher Burton31/12/2012Christopher Burton, Vice President, is Portfolio Manager and Trader on the Derivatives Team, where he is responsible for overseeing portfolio management for commodities products, as well as for analyzing and implementing the team's hedging, indexing and excess return strategies. Prior to joining Credit Suisse in 2005, he served as an analyst and derivatives strategist with Putnam Investments, where he developed the team's analytical tools and managed their options-based yield enhancement strategies as well as exposure management strategies. Mr. Burton earned a BS in economics with concentrations in finance and accounting from the University of Pennsylvania's Wharton School of Business
Nelson Louie31/12/2012Nelson Louie, Managing Director, is Global Head of the Commodities Group. Mr. Louie re-joined Credit Suisse Asset Management, LLC in August 2010. From May 2009 to August 2010 he was an Executive Director in the Commodity Index Products area at UBS Securities, LLC. From June 2007 to May 2009 he was a Managing Director at AIG Financial Products responsible for North American Marketing of commodities-based solutions. From April 1993 to June 2007 he held various positions within Credit Suisse Asset Management, LLC. He was a senior portfolio manager overseeing a team that was responsible for enhanced commodity and equity index strategies, option based hedging solutions and option arbitrage products. He was a team member of the commodity funds from their inception through May 2007. Mr. Louie holds a Bachelor of Arts degree in Economics from Union College.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Reporting Fund Status, UCIS, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Germany, United Kingdom, Luxembourg, Netherlands, Norway, Offshore, Singapore
CS Nova (Lux) CS Gains ARCS Commodity Plus B USD
Initial charge5%
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.95%
Total expense ratio (TER)2.96%
Bid price-
Offer price-
Mid price96.61
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4XW
CS Nova (Lux) CS Gains ARCS Commodity Plus IB USD
Initial charge3%
Annual charge1%
Min single investment£3,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.96%
Bid price-
Offer price-
Mid price1008.69
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4XX
CS Nova (Lux) CS Gains ARCS Commodity Plus IP USD
Initial charge3%
Annual charge0.5%
Min single investment£3,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.66%
Bid price-
Offer price-
Mid price1027.06
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4XY
Data provided by

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