Fact sheet: GIS Euro Covered Bd

Fund information
Fund name
GIS Euro Covered Bond DX
Fund manager company
Generali Investment SICAV
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The objective of the Fund is to outperform its Benchmark investing in quality covered bonds denominated in Euro. The Fund shall essentially invest in Euro denominated covered bonds with an Investment Grade Credit Rating. On an ancillary basis, the Fund may invest in money market instruments, bank deposits or government bonds having an Investment Grade Credit Rating denominated in Euro.
Benchmark
  • Markit iBoxx EUR Covered Bond Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
0.3%
1 Year rank in sector
13/31
Sector
FO Fixed Int - EUR Short/ Medium Maturity
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.
1.09%
Fund size
£106m (£111m 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.
72
Top in this sector
Fund name1 Year
Boost Bund 10Y 3x Leverage Dly ETP8.8%
DPAM L Bds EUR HiYldShtTm3.3%
Pictet EUR Sht Trm Hgh Yld2.1%
ECM Short Dur Credit2%
Dimensional € I L ItrDrFxI1.8%
...more in FO Fixed Int - EUR Short/ Medium Maturity

Performance snapshot

Holdings snapshot

  • Spain29.4%
    Others21.6%
    Italy14.3%
    UK9.4%
    Australia7.3%
  • Mortgage & Secured Bonds82%
    Government Bonds5.6%
    Government Agency Bonds4.2%
    Financials3.4%
    Government Guaranteed2.5%
  • Spanish Fixed Interest29.4%
    Global Fixed Interest21.6%
    Italian Fixed Interest14.3%
    UK Fixed Interest9.4%
    Australian Fixed Interest7.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%0.3%-1.6%0.3%6.4%21.4%
Sector0.1%-0.1%-0.4%0.3%3.3%9%
Rank within sector3 / 313 / 3129 / 3113 / 313 / 281 / 23
Quartile1st1st4th2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund0.2%2%-0.3%7.7%3.8%
Sector-0.2%1.2%0.2%3.4%1%
Rank within sector4 / 316 / 3125 / 301 / 271 / 23
Quartile1st1st4th1st1st
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.
0.44
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.
1.55
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
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%.
2.09
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.
1.46
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.
0.71
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.
0.59
Price movement
52 week high127.4
52 week low124.06
Current bid price-
Current offer price-
Current mid price124.86
Region
1Spain29.39%
2Others21.63%
3Italy14.32%
4UK9.43%
5Australia7.33%
6France5.61%
7Ireland4.17%
8Denmark3.8%
9Austria3.52%
Industry sector
1Mortgage & Secured Bonds82%
2Government Bonds5.63%
3Government Agency Bonds4.2%
4Financials3.41%
5Government Guaranteed2.54%
6Fixed Interest1.42%
7Money Market0.8%
Asset type
1Spanish Fixed Interest29.39%
2Global Fixed Interest21.63%
3Italian Fixed Interest14.32%
4UK Fixed Interest9.43%
5Australian Fixed Interest7.33%
6French Fixed Interest5.61%
7Irish Fixed Interest4.17%
8Danish Fixed Interest3.8%
9Austrian Fixed Interest3.52%
Individual holdings
1GOVERNMENT OF ITALY 0.0% 28-DEC-20185.64%
2DEFICIT DEL SISTEMA ELECTRICO FTA 3.875% 17-MAR-20182.54%
3LLOYDS BANK PLC 0.625% 14-SEP-20222.36%
4CEDULAS TDA 6 3.875% BDS 23/05/25 EUR1000002.15%
5AYT CEDULAS CAJAS GLOBAL 4% BDS 24/03/21 EUR1000002.13%
6CAJAS RURALES UNIDAS 1.25% NTS 26/01/22 EUR1000001.95%
7AXA BANK EUROPE SCF SA 1.25% 26-JAN-20321.87%
8PROGRAMA CEDULAS TDA 4.125% BDS 10/04/21 EUR100000 `A4`1.8%
9NYKREDIT REALKREDIT AS 1.75% BDS 28/01/19 EUR1000001.75%
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 covered bonds denominated in Euro. The Fund shall essentially invest in Euro denominated covered bonds with an Investment Grade Credit Rating. On an ancillary basis, the Fund may invest in money market instruments, bank deposits or government bonds having an Investment Grade Credit Rating denominated in Euro.
Benchmark
  • Markit iBoxx EUR Covered Bond Index
Investment style
Active
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Offshore, Slovakia
GIS Euro Covered Bond AY Dis
Initial charge5%
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price117.366
CurrencyEUR
Price updated21/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code00PK
GIS Euro Covered Bond BX EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price127.759
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0T0X
GIS Euro Covered Bond DX
Initial charge5%
Annual charge0.9%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price124.855
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RS2
GIS Euro Covered Bond EX
Initial charge5%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.7
CurrencyEUR
Price updated21/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0K4C
Data provided by

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