Fact sheet: New Capital Gbl Val Cr

Fund information
Fund name
New Capital Global Value Credit Ord Acc GBP
Fund manager company
New Capital (EFG Asset Managem
Fund type
OEIC
Fund managers
  • Michael Leitheadsince 14/08/2003
Fund objective
The New Capital Global Value Credit Fund seeks long-term capital appreciation through a combination of capital growth and income. The Fund invests in medium to long term international debt securities, in various currencies, in major financial markets. The Fund is actively managed and takes positions against yield curves to enhance returns.
Benchmark
  • BoA Merrill Lynch 1-10 year Global Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.8%
1 Year rank in sector
-
Sector
FO Fixed Int - Global
Yield
4.3%
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.
1.12%
Fund size
£329m (£345m 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.
21
Top in this sector
Fund name1 Year
Capital Group GHIOL32.5%
Dodge & Cox Global Bond27.4%
HSBC GIF Gbl AsBk Bd24.3%
Russell Gbl Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Europe39.9%
    North America23.8%
    East Asia22.1%
    South America4.3%
    Asia Pacific3.9%
  • A35.5%
    AA25.2%
    BBB15.5%
    High Yield Bond14.2%
    AAA7.5%
  • US Corporate Fixed Interest14.4%
    UK Corporate Fixed Interest14%
    Hong Kong Corporate Fixed Interest8.5%
    Swiss Corporate Fixed Interest5.2%
    Russian Corporate Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-1.8%1.6%3.8%8.4%29.2%
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund4.7%-1%3.8%2.2%16.7%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector-----
Quartile
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.
0.71
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.
1.04
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%.
3.5
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.
2.28
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.
0.34
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.
0.57
Price movement
52 week high188.19
52 week low170.56
Current bid price-
Current offer price-
Current mid price184.53
Region
1Europe39.88%
2North America23.82%
3East Asia22.09%
4South America4.27%
5Asia Pacific3.87%
6Australasia3.26%
7Money Market2.7%
8Not Specified0.11%
Industry sector
1A35.53%
2AA25.15%
3BBB15.52%
4High Yield Bond14.16%
5AAA7.51%
6Money Market2.13%
Asset type
1US Corporate Fixed Interest14.44%
2UK Corporate Fixed Interest14.02%
3Hong Kong Corporate Fixed Interest8.45%
4Swiss Corporate Fixed Interest5.18%
5Russian Corporate Fixed Interest4.05%
6South Korean Corporate Fixed Interest3.63%
7Chinese Corporate Fixed Interest3.54%
8Japanese Corporate Fixed Interest3.38%
9Australian Corporate Fixed Interest3.26%
Individual holdings
1MICROSOFT CORP 4.875% BDS 15/12/43 USD10003.64%
2HSBC HOLDINGS PLC DIVIDEND 4.25% BDS 18/08/25 USD10002.77%
3AMGEN INC FRN 15/06/48 USD2000REG S2.47%
4NORDEA BANK AB 4.25% BDS 21/09/22 USD1000 REG S2.27%
5BHP BILLITON FINANCE 6.75% UNDATED BDS USD2000002.21%
6GLENCORE FUNDING LLC 4.625% NTS 29/04/24 USD1000REG S2.14%
7UBS AG 4.75% TO FLTG RATE NTS 22/05/23 USD2.14%
8ABN AMRO BANK NV 6.25% MTN 27/04/22 USD2000002.05%
9BANK OF CHINA LTD HONG KONG BRANCH 5.55% SUBORD NTS 11/02/20 USD1000 `REGS`1.98%
Management
Fund manager group
No data available.
Fund manager company
New Capital (EFG Asset Managem
Fund type
OEIC
Fund objective
The New Capital Global Value Credit Fund seeks long-term capital appreciation through a combination of capital growth and income. The Fund invests in medium to long term international debt securities, in various currencies, in major financial markets. The Fund is actively managed and takes positions against yield curves to enhance returns.
Benchmark
  • BoA Merrill Lynch 1-10 year Global Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Leithead14/08/2003Michael Leithead, CFA is the lead Portfolio Manager for EFGAM's New Capital fixed income funds and the Head of Fixed Income Research for EFGAM. Michael focuses primarily on global fixed income fund management and is a member of the fixed income asset allocation committee which determines strategy for the New Capital fund range, institutional accounts and discretionary offerings. He has a BSc in Economics from the University of Birmingham, holds the IMC and is a CFA Charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Singapore, Sweden
New Capital Global Value Credit CNY Hedge Ord Acc USD
Initial charge5%
Annual charge1%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price133.52
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLXN5
New Capital Global Value Credit INR Hedge Ord Acc USD
Initial charge5%
Annual charge1%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.31%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price128.14
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0NHR
New Capital Global Value Credit Inst Acc EUR
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price106.21
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKVOJ
New Capital Global Value Credit Inst Acc USD
Initial charge5%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.83%
Total expense ratio (TER)0.83%
Bid price-
Offer price-
Mid price128.77
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0NHQ
New Capital Global Value Credit Ord Acc CAD
Initial charge5%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price121.75
CurrencyCAD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLI4
New Capital Global Value Credit Ord Acc CHF
Initial charge5%
Annual charge1%
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price120.34
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKKL8
New Capital Global Value Credit Ord Acc EUR
Initial charge5%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price159.51
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNM90
New Capital Global Value Credit Ord Acc GBP
Initial charge5%
Annual charge0.8%
Min single investment£3,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.12%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price184.53
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNM91
New Capital Global Value Credit Ord Acc USD
Initial charge5%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price173.55
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNM92
New Capital Global Value Credit Ord Inc GBP
Initial charge5%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.12%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price111.76
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFVP1
New Capital Global Value Credit X Acc EUR
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 price98.52
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNMNZ
New Capital Global Value Credit X Acc USD
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 price99.13
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNMNY
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