Fact sheet: CS Nova (Lux) Com +

Fund information
Fund name
CS Nova (Lux) Commodity Plus IB
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund managers
  • Christopher Burtonsince 09/12/2005
  • Nelson Louiesince 19/08/2010
Fund objective
The aim of the Fund is to achieve the highest possible capital appreciation by investing in commodity-linked derivative instruments. A diversified portfolio of USD-denominated short-term fixed income and money market instruments is used as collateral. Its low correlation with traditional asset classes makes the Fund an ideal portfolio diversification instrument. Furthermore, it offers good protection from inflation risks in the event of a rise in commodity prices.
Benchmark
  • Bloomberg Commodity
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.5%
1 Year rank in sector
75/102
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.
0.57%
Fund size
£150m (£182m 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.
111
Top in this sector
Fund name1 Year
SIA Long Term Invest Nat Res41.8%
Baring Global Mining39.3%
KBI Inst Wtr36.2%
Pictet Clean Energy34.9%
Pictet Timber32.8%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

  • No data available.
  • Fishery, Agriculture & Forestry36.6%
    Energy28.9%
    Industrial Commodities18%
    Precious Metals & Stones16.5%
  • Commodity & Energy100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%-3%-0.3%2.5%-35.8%-34.1%
Sector-0.5%-4%1.9%8.4%-15.7%-14.6%
Rank within sector21 / 10140 / 10262 / 10275 / 10275 / 9554 / 76
Quartile1st2nd3rd3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund-2.9%13.5%-24.7%-17.3%-9.2%
Sector-0.5%23.1%-19.8%-9%-6.6%
Rank within sector70 / 10262 / 10158 / 9970 / 9156 / 86
Quartile3rd3rd3rd4th3rd
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.
-10.49
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.
0.72
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.
-0.02
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%.
13.5
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.
9.87
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.
-0.93
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.
0.55
Price movement
52 week high721.38
52 week low658.99
Current bid price-
Current offer price-
Current mid price685.44
Region
No data available.
Industry sector
1Fishery, Agriculture & Forestry36.63%
2Energy28.85%
3Industrial Commodities18.04%
4Precious Metals & Stones16.48%
Asset type
1Commodity & Energy100%
Individual holdings
1US TREASURY 0.879 31/01/1910.96%
2FREDDIE MAC 0.000 22/02/196.16%
3FANNIE MAE 0.000 08/03/195.64%
4FEDERAL FARM CREDIT 0.785 19/08/195.53%
5US TREASURY 0.527 31/01/185.18%
6US TREASURY NOTES 31.10.185.08%
7US TREASURY 0.645 31/01/194.75%
8FANNIE MAE 0.524 28/02/194.46%
9US TREASURY 0.894 30/09/172.9%
Management
Fund manager group
Credit Suisse
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund objective
The aim of the Fund is to achieve the highest possible capital appreciation by investing in commodity-linked derivative instruments. A diversified portfolio of USD-denominated short-term fixed income and money market instruments is used as collateral. Its low correlation with traditional asset classes makes the Fund an ideal portfolio diversification instrument. Furthermore, it offers good protection from inflation risks in the event of a rise in commodity prices.
Benchmark
  • Bloomberg Commodity
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Christopher Burton09/12/2005Christopher 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 Louie19/08/2010Nelson 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 Swiss Tax, Transparent for German Tax
Domicile
No data available.
Fund for sale in
Austria, Germany, United Kingdom, Japan, Luxembourg, Netherlands, Norway, Offshore, Singapore
CS Nova (Lux) Commodity Plus IB
Initial charge3%
Annual charge0.4%
Min single investment£3,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price685.44
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG0A4
CS Nova (Lux) Commodity Plus IBH CHF
Initial charge3%
Annual charge0.4%
Min single investment£3,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price553.73
CurrencyCHF
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0M2R
CS Nova (Lux) Commodity Plus IBH JPY
Initial charge3%
Annual charge0.4%
Min single investment£300,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price61753
CurrencyJPY
Price updated04/10/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF53I
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