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 01/01/2009
Fund objective
The investment objective is to seek 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
  • ML Global Broad Market Corp
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9.5%
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
£325m (£329m 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
Twelve Falcon Ins Lkd Strat211.9%
Capital Group GHIOL38.4%
Dodge & Cox Global Bond27.7%
Franklin Gbl HiInc Bd22.9%
Natixis H2O Multibonds22%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • Europe40.2%
    East Asia23.4%
    North America21%
    Money Market15.4%
    South America5%
  • Financials39.8%
    Energy15.9%
    Government Bonds7.2%
    Technology6.9%
    Non-Cyclical Consumer Goods6.3%
  • UK Corporate Fixed Interest14.5%
    Foreign Exchange12.3%
    US Corporate Fixed Interest11.9%
    Hong Kong Corporate Fixed Interest9.7%
    Swiss Corporate Fixed Interest5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%2.4%0.6%9.5%8.9%24.7%
Sector0.7%1.5%-0.8%5.6%6.4%11.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund1.1%5.9%-1%3.8%2.2%
Sector0.9%4.6%-1.6%3.7%-1.6%
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.
0.86
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%.
3.63
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.
2.19
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.
0.42
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.
0.63
Price movement
52 week high188.71
52 week low172.23
Current bid price-
Current offer price-
Current mid price188.75
Region
1Europe40.2%
2East Asia23.37%
3North America20.99%
4Money Market15.39%
5South America4.96%
6Asia Pacific3.86%
7Australasia3.33%
8Not Specified0.09%
Industry sector
1Financials39.77%
2Energy15.87%
3Government Bonds7.23%
4Technology6.91%
5Non-Cyclical Consumer Goods6.26%
6Basic Materials6.03%
7Money Market4.58%
8Industrials4.12%
9Cyclical Consumer Goods3.54%
Asset type
1UK Corporate Fixed Interest14.53%
2Foreign Exchange12.33%
3US Corporate Fixed Interest11.91%
4Hong Kong Corporate Fixed Interest9.72%
5Swiss Corporate Fixed Interest5.46%
6Russian Corporate Fixed Interest4.19%
7South Korean Corporate Fixed Interest3.67%
8Chinese Corporate Fixed Interest3.41%
9Japanese Corporate Fixed Interest3.41%
Individual holdings
1MICROSOFT CORP 4.875% BDS 15/12/43 USD10003.5%
2HSBC HOLDINGS PLC DIVIDEND 4.25% BDS 18/08/25 USD10002.87%
3AMGEN INC FRN 15/06/48 USD2000REG S2.29%
4UBS AG 4.75% TO FLTG RATE NTS 22/05/23 USD2.29%
5BHP BILLITON FINANCE 6.75% UNDATED BDS USD2000002.28%
6GLENCORE FUNDING LLC 4.625% NTS 29/04/24 USD1000REG S2.24%
7ABN AMRO BANK NV 6.25% MTN 27/04/22 USD2000002.09%
8BANK OF CHINA LTD HONG KONG BRANCH 5.55% SUBORD NTS 11/02/20 USD1000 `REGS`2.03%
9STANDARD CHARTERED 5.125% DTD SUBORD NTS 06/06/34 GBP1000001.98%
Management
Fund manager group
No data available.
Fund manager company
New Capital (EFG Asset Managem
Fund type
OEIC
Fund objective
The investment objective is to seek 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
  • ML Global Broad Market Corp
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Michael Leithead01/01/2009Michael 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, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS V 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 charge-
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 price138.61
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLXN5
New Capital Global Value Credit INR Hedge Ord Acc USD
Initial charge-
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 price135.03
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0NHR
New Capital Global Value Credit Inst Acc EUR
Initial charge-
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 price108.48
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKVOJ
New Capital Global Value Credit Inst Acc USD
Initial charge-
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 price132.22
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0NHQ
New Capital Global Value Credit Ord Acc CAD
Initial charge-
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 price124.65
CurrencyCAD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNLI4
New Capital Global Value Credit Ord Acc CHF
Initial charge-
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 price122.65
CurrencyCHF
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKKL8
New Capital Global Value Credit Ord Acc EUR
Initial charge-
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 price162.83
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNM90
New Capital Global Value Credit Ord Acc GBP
Initial charge-
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 price188.75
CurrencyGBP
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNM91
New Capital Global Value Credit Ord Acc USD
Initial charge-
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 price178.03
CurrencyUSD
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNM92
New Capital Global Value Credit Ord Inc GBP
Initial charge-
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 price112.34
CurrencyGBP
Price updated22/02/2017
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 price99.65
CurrencyEUR
Price updated29/12/2016
TypeAccumulation
Institutional or retail classInstitutional
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 price100.47
CurrencyUSD
Price updated29/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNMNY
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