Fact sheet: Man GLG ABS

Fund information
Fund name
Man GLG ABS G Corporate Acc
Fund manager company
GLG Partners
Fund type
OEIC
Fund managers
  • Steve Rothsince 01/04/2009
  • Sarah Bartonsince 01/04/2009
Fund objective
The Company seeks over the medium term to provide investors with capital appreciation.To achieve its objective, the Company will invest primarily either directly or indirectly, in asset-backed securities, mortgage-backed securities, fixed and floating rate securities (such as government or corporate bonds), index-linked securities, derivatives (including credit derivatives and foreign exchange derivative contracts), structured credit instruments, money market instruments, deposits, and cash or cash equivalents, globally.
Benchmark
  • LIBID GBP 7 Day
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.4%
1 Year rank in sector
80/110
Sector
UT Specialist
Yield
2.2%
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.
0.25%
Fund size
£80m (£127m 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.
20
Mid price
1574.09
Top in this sector
Fund name1 Year
Jupiter India53.4%
Neptune Russia & Gtr Rus52.6%
F&C UK Equity Linked Inflation48.7%
Neptune Latin America44.5%
Baring German Gth44.4%
...more in UT Specialist

Performance snapshot

Holdings snapshot

  • UK44%
    Spain18.9%
    Netherlands11.2%
    Ireland10.2%
    Portugal7.4%
  • Financials92.7%
    Money Market3.9%
    Energy3.4%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2.7%6%11.4%8.8%33.3%
Sector0.7%0.3%7.1%20.1%21%39.5%
Rank within sector61 / 11234 / 11071 / 11080 / 11081 / 10350 / 86
Quartile3rd2nd3rd3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund5.2%5.1%-2.5%4%9%
Sector3.9%22.7%-4.5%1.2%4.5%
Rank within sector47 / 11090 / 10966 / 10551 / 10135 / 91
Quartile2nd4th3rd3rd2nd
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.
2.41
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.
0.06
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%.
3.36
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.
9.71
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.
-0.49
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.
0.03
Price movement
52 week high1574.09
52 week low1403.34
Current bid price-
Current offer price-
Current mid price1574.09
Region
1UK44.01%
2Spain18.89%
3Netherlands11.2%
4Ireland10.15%
5Portugal7.41%
6Money Market3.91%
7Norway1.6%
8France1.06%
9Germany0.94%
Industry sector
1Financials92.65%
2Money Market3.91%
3Energy3.44%
Asset type
No data available.
Individual holdings
1RURAL HIPOTECARIO IX F.T.A CLS`A3`FLTG RATE NTS 17/02/50 EUR6.11%
2EUROHOME UK MORTGAGES PLC `2007-1 M1` NTS 15/06/44 GBP5.86%
3CARLYLE GBL MKT STRAT EURO CLO 16-1 SNR SEC DEF FRN 17/05/29 EUR D REG S5.58%
4EUROSAIL-UK 2007-6NC PLC CLS`A3A`MORT BKD FLTG RTE NTS13/09/45EUR4.48%
5RMAC SECURITIES NO. 1 CLSM1CFRN M/BKD 12/06/44 EUR1000REGS4.41%
6UCI SERIES `16` FRN M/BKD 16/06/49 EUR100000 `A2`3.71%
7RESIDENTIAL MORTGAGE SECURITIES 20 CLS`B1C`MTG BKD FLTG RTE NT 10/08/38 EUR3.58%
8LUSITANO MORTGAGES NO.2 CLS`C`MTG BKD FLTG RTE NT 11/46 EUR3.23%
9EUROSAIL-UK 2007-INC CLS`C1A` M/BCK FLTG RTE NTS 13/12/45EUR3.13%
Management
Fund manager group
GLG Partners
Fund manager company
GLG Partners
Fund type
OEIC
Fund objective
The Company seeks over the medium term to provide investors with capital appreciation.To achieve its objective, the Company will invest primarily either directly or indirectly, in asset-backed securities, mortgage-backed securities, fixed and floating rate securities (such as government or corporate bonds), index-linked securities, derivatives (including credit derivatives and foreign exchange derivative contracts), structured credit instruments, money market instruments, deposits, and cash or cash equivalents, globally.
Benchmark
  • LIBID GBP 7 Day
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Steve Roth01/04/2009Steve joined Man GLG ('GLG') in November 2005 to manage two major GLG credit funds. Prior to that he spent seven years at Deutsche Bank where he was a managing director and head of the top ranked European convertible business and subsequently co-head of a proprietary convertible and capital structure arbitrage group. Steve graduated from Cambridge University in 1992 with an MA in Computer Science.
Sarah Barton01/04/2009Sarah joined Man GLG in January 2008 and is an ABS asset manager. Prior to that, she spent seven years at Morgan Stanley where she was Head of European ABS research. Sarah has a PhD in Biochemistry from the University of London.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Man GLG ABS G Corporate Acc
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1574.09
CurrencyGBX
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD783
Man GLG ABS N Corporate
Initial charge-
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1072.26
CurrencyGBX
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKV3G
Man GLG ABS Professional Acc
Initial charge-
Annual charge1%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1233.39
CurrencyGBX
Price updated17/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI03X
Data provided by

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