Fact sheet: NN (L) Alter Beta

Fund information
Fund name
NN (L) Alternative Beta X Cap USD
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund manager
  • Willem Van Dommelensince 16/06/2008
Fund objective
The objective of this fund is to beat the HFRX Global Hedge Fund Index CHF (hedged). The benchmark index is composed of funds that typically aim to provide positive returns irrespective of market conditions (hedge funds). We do this without actually investing in hedge funds. The fund invests in multiple markets, for instance: fixed income, shares and currencies. Decisions to buy or sell assets are fully based on signals generated by our mathematical models. Our model should detect which markets drive the performance of hedge funds at a certain moment. The calculations of the model are repeated monthly, where all investments are monitored on a daily basis. Strict risk controls are in place to manage the risks of the fund. The sub-fund?s base currency is US dollar (USD) and the sub-fund can be exposed to nonUS dollar currencies. By hedging this share class we aim to exchange the base currency of the sub-fund (USD) with the currency of this share class ?Swiss franc (CHF). The exposure towards non-CHF currencies in the sub-fund remains in this share class. A currency hedge consists of taking an offsetting position in another currency. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.
Benchmark
  • HFRX Global Hedge Fund Index EUR (hedged)
Investment style
Multi Strategy,Active
Investment method
Mixed
Quick stats
1 Year return
-0.1%
1 Year rank in sector
42/123
Sector
FO Hedge/Stru Prod - Mixed
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.
1.65%
Fund size
£142m (£137m 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.
31
Top in this sector
Fund name1 Year
LFIS VisionPremiaOpps18.7%
Castellain Value17.6%
Avia Altus14.6%
Garraway Garr FT11.1%
Nordea 1 Alpha 1510.6%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%0.7%1.5%-0.1%-6.5%
Sector-0.5%-1.2%-0.2%-2.1%3.2%6.9%
Rank within sector19 / 11628 / 14039 / 13742 / 12346 / 8243 / 68
Quartile1st1st2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.2%-1.6%-0%4.5%2.8%
Sector-1.3%-0.6%5.1%1.4%1.9%
Rank within sector37 / 12470 / 10870 / 8938 / 8141 / 72
Quartile2nd3rd4th2nd3rd
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.
-1.25
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.
0.94
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%.
4.18
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.
3.72
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.
-0.38
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.
0.21
Price movement
52 week high270.5
52 week low253.92
Current bid price-
Current offer price-
Current mid price268.95
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1MSCI DAILY TR NET EAFE USD12.35%
2DOLLAR INDEX SPOT11.57%
3RUSSELL 2000 INDEX10.13%
4GOVERNMENT OF THE UNITED STATES OF AMERICA 2.125% 31-DEC-20228.69%
5MSCI DAILY TR NET EMERGING MARKETS6.76%
6BBG COMMODITY5.45%
7UNITED STATES TREASURY BILL ZCP4.22%
8UNDL NASDAQ 100 INDEX3.51%
Management
Fund manager group
ING
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund objective
The objective of this fund is to beat the HFRX Global Hedge Fund Index CHF (hedged). The benchmark index is composed of funds that typically aim to provide positive returns irrespective of market conditions (hedge funds). We do this without actually investing in hedge funds. The fund invests in multiple markets, for instance: fixed income, shares and currencies. Decisions to buy or sell assets are fully based on signals generated by our mathematical models. Our model should detect which markets drive the performance of hedge funds at a certain moment. The calculations of the model are repeated monthly, where all investments are monitored on a daily basis. Strict risk controls are in place to manage the risks of the fund. The sub-fund?s base currency is US dollar (USD) and the sub-fund can be exposed to nonUS dollar currencies. By hedging this share class we aim to exchange the base currency of the sub-fund (USD) with the currency of this share class ?Swiss franc (CHF). The exposure towards non-CHF currencies in the sub-fund remains in this share class. A currency hedge consists of taking an offsetting position in another currency. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.
Benchmark
  • HFRX Global Hedge Fund Index EUR (hedged)
Investment style
Multi Strategy,Active
Investment method
Mixed
Fund manager
NameSinceBiography
Willem Van Dommelen16/06/2008Willem joined ING IM in 2002 as Portfolio Manager Institutional clients, where he advised and serviced around 80 Institutional Clients of ING. In 2004 Willem moved to the Structured Investments department. In the capacity of Senior Investment Manager he was responsible for the management of a broad range of structured mutual funds and the advice and implementation of hedging activities for ING affiliates. Currently Willem is Heading the Investment Managers team of the Systematic Beta column in the Structured Investment Strategy department. Willem obtained his Master's degree in Economics from Tilburg University in 2002, specializing in accountancy and investment theory. He holds a RBA degree (registered investment analyst).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Czech Republic, Germany, Spain, Finland, France, United Kingdom, Greece, Hungary, Italy, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Slovakia, Sweden
NN (L) Alternative Beta I Cap EUR
Initial charge2%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7291.04
CurrencyEUR
Price updated12/01/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE5FB
NN (L) Alternative Beta I Cap USD
Initial charge2%
Annual charge0.5%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price5513
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDEX6
NN (L) Alternative Beta I Hedged Cap CHF
Initial charge2%
Annual charge0.5%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5339.27
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DN7
NN (L) Alternative Beta I Hedged Cap EUR
Initial charge2%
Annual charge0.5%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5668.32
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG3G5
NN (L) Alternative Beta I Hedged Cap EUR USD
Initial charge2%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6014.94
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG3G6
NN (L) Alternative Beta I Hedged Cap GBP
Initial charge2%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.82
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUKG
NN (L) Alternative Beta I Hedged Cap GBP USD
Initial charge2%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.46
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUKH
NN (L) Alternative Beta N Hedged Cap EUR
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price273.88
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFE9P
NN (L) Alternative Beta P Cap EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price377.53
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEX1
NN (L) Alternative Beta P Cap USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price260.99
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEX2
NN (L) Alternative Beta P Hedged EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price269.79
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG3P3
NN (L) Alternative Beta P Hedged EUR USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price286.29
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG3P4
NN (L) Alternative Beta X Cap USD
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price268.95
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEX4
NN (L) Alternative Beta X EUR
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price370.69
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEX3
NN (L) Alternative Beta X EUR USD
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price393.36
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1F4
NN (L) Alternative Beta X Hedged EUR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price239.14
CurrencyEUR
Price updated02/08/2012
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code055I
NN (L) Alternative Beta X Hedged EUR USD
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price295.1
CurrencyUSD
Price updated02/08/2012
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code055J
Data provided by

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