Fact sheet: GAM US Dollar Special Bond

Fund information
Fund name
GAM US Dollar Special Bond Open
Fund manager company
GAM Fund Management Ltd
Fund type
OEIC
Fund managers
  • Neil Murraysince 31/10/2013
  • Pan European Credit Teamsince 08/09/2014
  • Anthony Smouhasince 26/11/1985
Fund objective
Income generation with capital appreciation through investing substantially all of its net assets in shares of GAM Star Credit Opportunities - USD.
Benchmark
  • Barclays US Agg Corporate Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
14%
1 Year rank in sector
1/37
Sector
FO Fixed Int - USD Investment Grade
Yield
-
Fund size
£128m (£134m 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
GAM US Dollar Special Bond14%
Principal GIF PrefSec10.3%
Pioneer USD Agg Bd6.2%
Vanguard USIvGdCId6%
JPM EmMtInvGrBd4.5%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%4.1%4.7%14%21.3%62.6%
Sector0.1%1.1%-1.4%2.5%7.6%16.5%
Rank within sector4 / 401 / 401 / 391 / 373 / 341 / 30
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4%8.8%2.4%8.5%16.4%
Sector1%3.8%-0.7%6%-1.1%
Rank within sector1 / 401 / 364 / 354 / 341 / 34
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.
4.97
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.
0.7
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.
0.8
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%.
4.15
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.
3.7
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.
1.11
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.
0.25
Price movement
52 week high1066.23
52 week low937.16
Current bid price-
Current offer price-
Current mid price1066.23
Region
1USA87.1%
2Money Market12.9%
Industry sector
No data available.
Asset type
1US Fixed Interest87.1%
2Money Market12.9%
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 through investing substantially all of its net assets in shares of GAM Star Credit Opportunities - USD.
Benchmark
  • Barclays US Agg Corporate Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Neil Murray31/10/2013Neil is an investment manager in the global bonds and economics team with responsibility for the management of investment grade credit portfolios. His research responsibilities include water utilities, retail and tobacco. Before joining SWIP in September 2000, he spent two years in the investment risk control unit at Scottish Widows. Neil is an investment manager in the global bonds and economics team with responsibility for the management of investment grade credit portfolios. His research responsibilities include water utilities, retail and tobacco. Before joining SWIP in September 2000, he spent two years in the investment risk control unit at Scottish Widows. Neil holds a BSc in pure and applied chemistry and a diploma in accountancy from the University of Strathclyde.
Pan European Credit Team08/09/2014
Anthony Smouha26/11/1985Anthony 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 Swiss Tax, UCITS III Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bulgaria, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden, Virgin Islands - British
GAM US Dollar Special Bond Open
Initial charge5%
Annual charge0.98%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price1066.23
CurrencyUSD
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGL93
Data provided by

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