Fact sheet: GIS Euro Corporate Bd

Fund information
Fund name
GIS Euro Corporate Bond DX
Fund manager company
Generali Investment SICAV
Fund type
Offshore Fund
Fund manager
  • Fabrizio Violasince 01/05/2010
Fund objective
The objective of the Fund is to outperform its Benchmark investing in quality corporate debt securities denominated in Euro. The Fund shall essentially invest in corporate bonds denominated in Euro. The Fund shall mainly invest in securities with Investment Grade Credit Rating. 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 standardized credit default swaps ("CDS") and the total obligation may not exceed 25% of the Fund's net assets. The Fund may use financial instruments and derivatives for hedging purposes, for efficient portfolio management purposes and for investment purposes.
Benchmark
  • Barclays Capital Euro Corporate Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
6.3%
1 Year rank in sector
37/46
Sector
FO Fixed Int - EUR Corporate Bond
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.
1.29%
Fund size
£252m (£212m 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.
61
Top in this sector
Fund name1 Year
Capital Group ECorpBdLUX27%
Schroder ISF €Cp Bd9%
BNY Mellon Crsovr Cr8.5%
JI High Grade Corporate Bonds CL8.4%
Oddo CmpsEuroCorpBd8%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • Others21.3%
    France12.5%
    Germany12.2%
    Money Market11.6%
    Italy10.8%
  • Financials35.8%
    Utilities14.1%
    Money Market11.6%
    Others10.2%
    Telecommunications Utilities8.1%
  • Global Fixed Interest21.3%
    French Fixed Interest12.5%
    German Fixed Interest12.2%
    Money Market11.6%
    Italian Fixed Interest10.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%2.4%3.6%6.3%12.4%31.3%
Sector-0.1%2.7%4%7%13.4%31.7%
Rank within sector15 / 4715 / 4724 / 4737 / 4630 / 4323 / 36
Quartile2nd2nd3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.2%-1.1%7.1%1.9%13%
Sector5.9%-1%6.9%2.2%13.3%
Rank within sector31 / 4628 / 4629 / 4429 / 4120 / 36
Quartile3rd3rd3rd3rd3rd
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.
-0.63
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.
1.07
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.
0.22
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%.
3.11
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.
0.56
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.
-0.6
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.
0.97
Price movement
52 week high159.29
52 week low148.71
Current bid price-
Current offer price-
Current mid price158.81
Region
1Others21.33%
2France12.48%
3Germany12.16%
4Money Market11.6%
5Italy10.75%
6USA10.71%
7UK8.21%
8Spain7.62%
9Netherlands5.14%
Industry sector
1Financials35.75%
2Utilities14.09%
3Money Market11.6%
4Others10.19%
5Telecommunications Utilities8.09%
6Industrials7.5%
7Consumer Staples7.37%
8Energy5.41%
Asset type
1Global Fixed Interest21.33%
2French Fixed Interest12.48%
3German Fixed Interest12.16%
4Money Market11.6%
5Italian Fixed Interest10.75%
6US Fixed Interest10.71%
7UK Fixed Interest8.21%
8Spanish Fixed Interest7.62%
9Dutch Fixed Interest5.14%
Individual holdings
1MAPFRE SA 1.625% BDS 19/05/26 EUR1000001.25%
2ASSICURAZIONI GENERALI S.P.A. 10.125% 10-JUL-20421.03%
3ERSTE GROUP BANK AG 7.125% BDS 10/10/22 EUR10001.02%
4STATE GRID OVERSEAS INV 1.75% BDS 19/05/25 EUR1000001.01%
5COMMERZBANK AG 7.75% 16-MAR-20210.98%
6HERA S.P.A. 5.2% 29-JAN-20280.87%
7ENI 1.5% BDS 02/02/26 EUR10000.85%
8IE2 HOLDCO 2.875% MTN 01/06/26 EUR1000000.84%
9AT&T CORP 1.45% BDS 01/06/22 EUR1000000.83%
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 corporate debt securities denominated in Euro. The Fund shall essentially invest in corporate bonds denominated in Euro. The Fund shall mainly invest in securities with Investment Grade Credit Rating. 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 standardized credit default swaps ("CDS") and the total obligation may not exceed 25% of the Fund's net assets. The Fund may use financial instruments and derivatives for hedging purposes, for efficient portfolio management purposes and for investment purposes.
Benchmark
  • Barclays Capital Euro Corporate Index
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Fabrizio Viola01/05/2010
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Hong Kong, Italy, Luxembourg, Offshore, Slovakia
GIS Euro Corporate Bond AX
Initial charge5%
Annual charge0.2%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.41%
Bid price-
Offer price-
Mid price212.96
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG396
GIS Euro Corporate Bond AY
Initial charge-
Annual charge0.2%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.143
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG400
GIS Euro Corporate Bond BX
Initial charge5%
Annual charge0.4%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price156.424
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeQ141
GIS Euro Corporate Bond CDX
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 price100.781
CurrencyEUR
Price updated29/08/2008
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG399
GIS Euro Corporate Bond CX
Initial charge5%
Annual charge0.6%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price150.964
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeV408
GIS Euro Corporate Bond CY
Initial charge-
Annual charge1.1%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price118.009
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHSJ9
GIS Euro Corporate Bond DX
Initial charge5%
Annual charge1.1%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price158.812
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG397
GIS Euro Corporate Bond EX
Initial charge5%
Annual charge1.3%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price154.757
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG398
GIS Euro Corporate Bond EY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price131.095
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN5E7
Data provided by

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