Fact sheet: GAM Star Credit Opps £

Fund information
Fund name
GAM Star Credit Opportunities GBP Inst
Fund manager company
GAM Fund Management Ltd
Fund type
OEIC
Fund managers
  • Gregoire Mivelazsince 01/08/2015
  • Anthony Smouhasince 12/07/2011
Accolades
Fund objective
Income generation with capital appreciation
Benchmark
  • Barclays Sterling Aggregate Corporate Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
11.1%
1 Year rank in sector
14/23
Sector
FO Fixed Int - GBP Investment Grade
Yield
4.5%
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.
1.14%
Fund size
£369m (£219m 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.
25
Top in this sector
Fund name1 Year
MGI UK Inflation Lkd Bd26%
JPM Sterling Bond21.4%
MGI UK Bond15.4%
Vanguard UK Govt Bond Idx14.8%
GS Sterling Broad Fxd Inc Pfl14.6%
...more in FO Fixed Int - GBP Investment Grade

Performance snapshot

Holdings snapshot

  • UK80.8%
    Others14.6%
    Netherlands4.6%
  • No data available.
  • UK Fixed Interest80.8%
    Global Fixed Interest14.6%
    Dutch Fixed Interest4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%7.2%10.5%11.1%36.2%88.6%
Sector-0.1%7.5%9.3%11.3%23.5%41.8%
Rank within sector1 / 2314 / 2310 / 2314 / 233 / 211 / 19
Quartile1st3rd2nd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund10.7%4.9%12.3%13.6%26.5%
Sector11.9%0.7%7.9%1.3%11.8%
Rank within sector15 / 231 / 2110 / 211 / 211 / 19
Quartile3rd1st2nd1st1st
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.
7.25
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.
0.52
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.
1.77
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%.
4.4
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.
4.27
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.
0.82
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.
0.22
Price movement
52 week high14.51
52 week low12.63
Current bid price-
Current offer price-
Current mid price14.45
Region
1UK80.77%
2Others14.64%
3Netherlands4.59%
Industry sector
No data available.
Asset type
1UK Fixed Interest80.77%
2Global Fixed Interest14.64%
3Dutch Fixed Interest4.59%
Individual holdings
1LLOYDS BANK PLC FRN PERP6.3%
2LEGAL & GENERAL GROUP FRN 2064-06-273.2%
3PRUDENTIAL FRN 2063-12-193.2%
4OLD MUTUAL PLC 7.875% SUB NTS 03/11/25 GBP1000002.9%
5BHP BILLITON FINANCE 6.5% SUB NC7 RST NTS 22/10/77 GBP1000002.6%
6COVENTRY BUILDING SOCIETY 12.125% PERM INT BEARING SHS GBP1000 RG2.4%
7ABERDEEN ASSET MANAGEMENT 7% PERP2.3%
8BANK OF IRELAND 13.375% PERP2.3%
9GENERAL ACCIDENT PLC 8 7/8% CUM IRRD PRF GBP12.1%
Management
Fund manager group
GAM
Fund manager company
GAM Fund Management Ltd
Fund type
OEIC
Fund objective
Income generation with capital appreciation
Benchmark
  • Barclays Sterling Aggregate Corporate Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Gregoire Mivelaz01/08/2015Gregoire Mivelaz is a Fund Manager at Atlanticomnium S.A. and a member of Atlanticomnium’s Management Committee. Atlanticomnium S.A. specialises in bond portfolio management. Prior to joining Atlanticomnium S.A. in 2009, Mr Mivelaz held positions both as a buy-side and as a sell-side credit analyst. Mr Mivelaz graduated from the University of St Gallen and holds a BA in Finance and Capital Markets, an MA in Economics and is a CAIA charterholder. He is based in Geneva.
Anthony Smouha12/07/2011Anthony Smouha is Chief Executive Officer of ATLANTICOMNIUM S.A. and is adviser to multiple GAM bond funds. ATLANTICOMNIUM S.A. specialises in bond portfolio management. Prior to joining ATLANTICOMNIUM S.A. in 1992, Mr Smouha was senior vice president, head of bond trading and sales at Soditic SA/SG Warburg Soditic SA, Geneva. Prior to this, he was at Credit Suisse First Boston in London. Mr Smouha was educated at Harrow School and holds an MA Cantab Hons in Economics from the University of Cambridge. He is based in Geneva.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, United Kingdom, Ireland, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
GAM Star Credit Opportunities GBP Acc
Initial charge5%
Annual charge1.35%
Min single investment£6,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price17.0437
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code05DT
GAM Star Credit Opportunities GBP Inc
Initial charge5%
Annual charge1.35%
Min single investment£6,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price13.0036
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code05DU
GAM Star Credit Opportunities GBP Inst
Initial charge5%
Annual charge0.95%
Min single investment£12,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price14.4471
CurrencyGBP
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI9LX
GAM Star Credit Opportunities GBP Inst Inc
Initial charge5%
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price12.5059
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKPMD
GAM Star Credit Opportunities GBP Q Inst
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 price10.7137
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNDKL
GAM Star Credit Opportunities GBP S GBP
Initial charge5%
Annual charge0.95%
Min single investment£12,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price11.374
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK1VE
Data provided by

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