Fact sheet: GIS Euro Bond

Fund information
Fund name
GIS Euro Bond DX
Fund manager company
Generali Investment SICAV
Fund type
Offshore Fund
Fund manager
  • Mauro Vallesince 01/04/2002
Fund objective
The objective of the Fund is to outperform its Benchmark investing in quality debt securities denominated in Euro. The Fund shall essentially invest in debt securities denominated in Euro with Investment Grade Credit Rating. The Fund shall mainly invest in government bonds. The Fund may invest on an ancillary basis in money market instruments and bank deposits. It may also hold on an ancillary basis government agencies, local authorities, supranational, corporate bonds and asset backed securities having Investment Grade Credit Rating, denominated in Euro. Investment Grade Credit Rating is credit rating from AAA to BBB- for Standard & Poors or from Aaa to Baa3 for Moody's or from AAA to BBB for Fitch or an equivalent credit rating by a recognised credit rating agency or an equivalent credit rating as deemed by the Investment Manager. The Fund may use financial instruments and derivatives for hedging purposes, for efficient portfolio management purposes and for investment purposes.
Benchmark
  • J.P. Morgan EMU Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
1.8%
1 Year rank in sector
9/34
Sector
FO Fixed Int - EUR
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.
1.27%
Fund size
£850m (£795m 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.
74
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv4.9%
BNP Paribas FlxSecuritisation3.7%
Union Quoniam Sel SICV€Cr3.6%
Morg Stnly Euro Stragic Bd2.7%
Lloyds Euro High Inc2.6%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Italy58.4%
    Spain12.6%
    Portugal8.3%
    Ireland7.2%
    Germany5.6%
  • Government Bonds95.8%
    Money Market4.2%
  • Italian Fixed Interest58.4%
    Spanish Fixed Interest12.6%
    Portuguese Fixed Interest8.3%
    Irish Fixed Interest7.2%
    German Fixed Interest5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-2.8%-0.3%1.8%16.8%38.8%
Sector-1.1%-1.7%0.2%1.1%9.2%25.1%
Rank within sector20 / 3423 / 3518 / 359 / 342 / 304 / 26
Quartile3rd3rd3rd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund2.8%2.2%11.8%0.5%12.8%
Sector1.8%0%7.7%1.5%10.2%
Rank within sector8 / 345 / 335 / 3122 / 2810 / 26
Quartile1st1st1st4th2nd
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.
-0.18
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.
1.77
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.
0.57
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%.
4.43
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.
2.59
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.
0.94
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.
0.81
Price movement
52 week high170.7
52 week low160.2
Current bid price-
Current offer price-
Current mid price164.99
Region
1Italy58.38%
2Spain12.61%
3Portugal8.25%
4Ireland7.21%
5Germany5.62%
6Money Market4.23%
7France3.7%
Industry sector
1Government Bonds95.77%
2Money Market4.23%
Asset type
1Italian Fixed Interest58.38%
2Spanish Fixed Interest12.61%
3Portuguese Fixed Interest8.25%
4Irish Fixed Interest7.21%
5German Fixed Interest5.62%
6Money Market4.23%
7French Fixed Interest3.7%
Individual holdings
1ITALY(REPUBLIC OF) 5.5% BDS 01/09/22 EUR10006.63%
2ITALY(REPUBLIC OF) 5.5% BDS 01/11/22 EUR10005.98%
3ITALY(REPUBLIC OF) 5% BDS 01/03/22 EUR10004.26%
4GOVERNMENT OF ITALY 0.1% 15-MAY-20224.09%
5SPAIN(KINGDOM OF) 4.85% BDS 31/10/20 EUR10003.53%
6ITALY(REPUBLIC OF) 4% BDS 01/09/20 EUR10003.28%
7GOVERNMENT OF ITALY 1.65% 23-APR-20203.04%
8GOV OF ITALY 2.10% 15/09/2021 3%
9ITALY(REPUBLIC OF) 6% BDS 1/5/2031 EUR10002.91%
Management
Fund manager group
No data available.
Fund manager company
Generali Investment SICAV
Fund type
Offshore Fund
Fund objective
The objective of the Fund is to outperform its Benchmark investing in quality debt securities denominated in Euro. The Fund shall essentially invest in debt securities denominated in Euro with Investment Grade Credit Rating. The Fund shall mainly invest in government bonds. The Fund may invest on an ancillary basis in money market instruments and bank deposits. It may also hold on an ancillary basis government agencies, local authorities, supranational, corporate bonds and asset backed securities having Investment Grade Credit Rating, denominated in Euro. Investment Grade Credit Rating is credit rating from AAA to BBB- for Standard & Poors or from Aaa to Baa3 for Moody's or from AAA to BBB for Fitch or an equivalent credit rating by a recognised credit rating agency or an equivalent credit rating as deemed by the Investment Manager. The Fund may use financial instruments and derivatives for hedging purposes, for efficient portfolio management purposes and for investment purposes.
Benchmark
  • J.P. Morgan EMU Index
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Mauro Valle01/04/2002
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, United Kingdom, Hong Kong, Luxembourg, Netherlands, Offshore
GIS Euro Bond AX
Initial charge5%
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.39%
Bid price-
Offer price-
Mid price167.79
CurrencyEUR
Price updated16/10/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG390
GIS Euro Bond AY
Initial charge5%
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.33%
Total expense ratio (TER)0.38%
Bid price-
Offer price-
Mid price128.908
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG394
GIS Euro Bond BX
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price201.563
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG391
GIS Euro Bond BY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price188.538
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF85L
GIS Euro Bond CX
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price164.519
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG556
GIS Euro Bond DX
Initial charge5%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price164.992
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG392
GIS Euro Bond DY
Initial charge5%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price156.203
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM9I6
GIS Euro Bond EX
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price160.499
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG393
GIS Euro Bond EY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.48%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price140.612
CurrencyEUR
Price updated14/02/2014
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF85M
Data provided by

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