Fact sheet: GAM StarCreditOpps$

Fund information
Fund name
GAM Star Credit Opportunities USD Inst
Fund manager company
GAM Fund Management Ltd
Fund type
OEIC
Fund managers
  • Gregoire Mivelazsince 01/08/2015
  • Anthony Smouhasince 19/07/2011
Accolades
Fund objective
Income generation with capital appreciation.
Benchmark
  • Barclays US Aggregate Corporate
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
12.8%
1 Year rank in sector
11/302
Sector
FO Fixed Int - Global
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.
1.13%
Fund size
£2,484m (£1,209m 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.
76
Top in this sector
Fund name1 Year
Capital Group GHIOL27.2%
LM WAHiYcrEn26%
Dodge & Cox Global Bond20.9%
Natixis H2O Multibonds19.3%
CG Real Return17.5%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • UK34.1%
    Others21.8%
    Switzerland12.6%
    France11.2%
    Netherlands7.7%
  • No data available.
  • UK Fixed Interest34.1%
    Global Fixed Interest21.8%
    Swiss Fixed Interest12.6%
    French Fixed Interest11.2%
    Dutch Fixed Interest7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%3.7%5.1%12.8%20.7%63.6%
Sector0.7%1.5%-0.1%3.5%6%12.1%
Rank within sector162 / 33219 / 3246 / 31111 / 30224 / 2413 / 173
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4.8%8.9%2.4%8.5%15.8%
Sector1.7%4.6%-1.6%3.7%-1.6%
Rank within sector11 / 32137 / 29329 / 26838 / 2302 / 201
Quartile1st1st1st1st1st
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.
4.51
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.
0.98
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.
0.73
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%.
4.11
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.
3.08
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.
1.43
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.
0.44
Price movement
52 week high13.95
52 week low12.39
Current bid price-
Current offer price-
Current mid price13.95
Region
1UK34.05%
2Others21.77%
3Switzerland12.59%
4France11.17%
5Netherlands7.71%
6USA4.89%
7Australia4%
8Money Market3.82%
Industry sector
No data available.
Asset type
1UK Fixed Interest34.05%
2Global Fixed Interest21.77%
3Swiss Fixed Interest12.59%
4French Fixed Interest11.17%
5Dutch Fixed Interest7.71%
6US Fixed Interest4.89%
7Australian Fixed Interest4%
8Money Market3.82%
Individual holdings
1HSBC HOLDINGS FRN PERP 4.3%
2STICHTING AK RABOBANK CERTIFICATEN 6.5% PERP3.9%
3PERSHING SQUARE HLDGS LTD 5.5% BDS 15/07/22 USD2500003.7%
4LLOYDS BANK PLC FRN PERP2.9%
5BNP PARIBAS FRN PERP2.5%
6TRAFIGURA BEHEER FRN PERP2.5%
7HBOS CAPITAL FUNDING LP 6.85% PERP2.3%
8SOCIETE GENERALE FRN PERP2.2%
9CREDIT SUISSE GROUP FRN PERP2.1%
Management
Fund manager group
GAM
Fund manager company
GAM Fund Management Ltd
Fund type
OEIC
Fund objective
Income generation with capital appreciation.
Benchmark
  • Barclays US Aggregate Corporate
Investment style
None
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 Smouha19/07/2011Anthony 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, Bulgaria, Switzerland, Chile, Germany, Denmark, Spain, Finland, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Virgin Islands - British
GAM Star Credit Opportunities USD A USD
Initial charge5%
Annual charge1.15%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)1.84%
Bid price-
Offer price-
Mid price11.97
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKPKW
GAM Star Credit Opportunities USD AQ USD
Initial charge5%
Annual charge1.15%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price9.83
CurrencyUSD
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMGOB
GAM Star Credit Opportunities USD Acc
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price15.6956
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code05ZP
GAM Star Credit Opportunities USD C USD
Initial charge5%
Annual charge1.15%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.29%
Total expense ratio (TER)2.29%
Bid price-
Offer price-
Mid price11.82
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKPKU
GAM Star Credit Opportunities USD Inc
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price12.3917
CurrencyUSD
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0NHP
GAM Star Credit Opportunities USD Inst
Initial charge5%
Annual charge0.95%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price13.9521
CurrencyUSD
Price updated20/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ72Q
GAM Star Credit Opportunities USD M USD
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price10.6565
CurrencyUSD
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK1VF
GAM Star Credit Opportunities USD MO II Inc SGD
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price10.667
CurrencySGD
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN50W
GAM Star Credit Opportunities USD PMCO II Inc USD
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 price10.0971
CurrencyUSD
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNU2G
GAM Star Credit Opportunities USD S Inst Inc USD
Initial charge5%
Annual charge1.1%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price10.7249
CurrencyUSD
Price updated20/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKPKV
GAM Star Credit Opportunities USD SO Inc USD
Initial charge5%
Annual charge1.5%
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.53%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price11.9648
CurrencyUSD
Price updated20/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJKDH
Data provided by

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