Fact sheet: ML MLCXCmdyEnhdBtaEXAg

Fund information
Fund name
ML MLCX Commodity Enhanced Beta EX Agriculture B H Acc USD
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The investment objective of the fund is to provide investors with a return linked to the performance of the Merrill Lynch Commodity Index eXtra 03 Ex Agriculture, net of fees.
Benchmark
  • Bloomberg Commodity Ex-Agriculture
Investment style
None
Investment method
Futures
Quick stats
1 Year return
18.7%
1 Year rank in sector
50/98
Sector
FO Commodity & Energy
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.
0.91%
Fund size
£83m
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.
121
Top in this sector
Fund name1 Year
EGI Earth Gold105.2%
LLB Craton Cap Precious Metal92%
LLB Craton Capital Gbl Res88.7%
Baring Global Mining68.5%
SIA Long Term Invest Nat Res65.3%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund7.4%8.5%8.4%18.7%--
Sector3.6%0.1%4.4%19.3%-9.2%-21.9%
Rank within sector32 / 9919 / 10132 / 10150 / 98--
Quartile2nd1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund20%-28.1%---
Sector22.6%-19.8%-9%-6.6%-3.4%
Rank within sector53 / 9982 / 99---
Quartile3rd4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high64.7
52 week low48.3
Current bid price-
Current offer price-
Current mid price64.11
Region
No data available.
Industry sector
1Energy49.9%
2Other Metals30.1%
3Precious Metals & Stones20%
Asset type
1Commodity & Energy100%
Individual holdings
No data available.
Management
Fund manager group
Merrill Lynch
Fund manager company
Merrill Lynch International
Fund type
Offshore Fund
Fund objective
The investment objective of the fund is to provide investors with a return linked to the performance of the Merrill Lynch Commodity Index eXtra 03 Ex Agriculture, net of fees.
Benchmark
  • Bloomberg Commodity Ex-Agriculture
Investment style
None
Investment method
Futures
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Serbia, Sweden
ML MLCX Commodity Enhanced Beta EX Agriculture B H Acc CHF
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK9GT
ML MLCX Commodity Enhanced Beta EX Agriculture B H Acc EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price71.92
CurrencyEUR
Price updated24/06/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK9GU
ML MLCX Commodity Enhanced Beta EX Agriculture B H Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK9GS
ML MLCX Commodity Enhanced Beta EX Agriculture B H Acc USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price64.11
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK9GV
ML MLCX Commodity Enhanced Beta EX Agriculture D H EUR
Initial charge0.6%
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price81.3
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM12S
ML MLCX Commodity Enhanced Beta EX Agriculture H H Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£60,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price81.19
CurrencyEUR
Price updated16/08/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMF6L
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.