Fact sheet: Northern Trust € Govt Bd Idx

Fund information
Fund name
Northern Trust Euro Government Bond Index B
Fund manager company
Northern Trust Invst Funds plc
Fund type
No data available.
Fund manager
  • David Blakesince 01/01/2003
Fund objective
The objective of the fund is to closely match the risk and return characteristics of the Citigroup EMU Government Bond Index. The fund will invest in freely transferable debt and debt related securities issued by the countries making up the index.
Benchmark
  • Citigroup EMU Govt Bond Idx
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
1.8%
1 Year rank in sector
8/22
Sector
FO Fixed Int - EUR Government
Yield
-
Fund size
£56m
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.
77
Top in this sector
Fund name1 Year
Vanguard 20+ Year € Trs Idx8.9%
BlueBay Inv Grd € Govt Bd4.8%
JI Income Strategy CL2.8%
SSgA EurCoreTsryBdIx2.4%
Petercam L Bonds Govt Sust2.1%
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Performance snapshot

Holdings snapshot

  • France24.5%
    Italy23.8%
    Germany18.3%
    Spain13.9%
    Belgium6.3%
  • AA38.1%
    BBB37.7%
    AAA24.1%
    Money Market0.1%
  • French Fixed Interest24.5%
    Italian Fixed Interest23.8%
    German Fixed Interest18.3%
    Spanish Fixed Interest13.9%
    Belgian Fixed Interest6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-4.2%-1.6%1.8%17.2%34.3%
Sector-2.5%-4.5%-2.2%1.3%13.3%26.1%
Rank within sector10 / 2315 / 238 / 238 / 222 / 202 / 18
Quartile2nd3rd2nd2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund2.1%1.5%13%2.1%10.6%
Sector1.3%0.4%11.4%1%8.7%
Rank within sector8 / 223 / 226 / 204 / 195 / 18
Quartile2nd1st2nd1st2nd
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.
1.06
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.
1.01
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.
0.41
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%.
4.47
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.
0.88
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.
1.25
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.
0.96
Price movement
52 week high185.89
52 week low173.94
Current bid price-
Current offer price-
Current mid price177.96
Region
1France24.48%
2Italy23.79%
3Germany18.26%
4Spain13.9%
5Belgium6.32%
6Netherlands5.84%
7Austria3.81%
8Ireland1.95%
9Finland1.52%
Industry sector
1AA38.08%
2BBB37.69%
3AAA24.1%
4Money Market0.13%
Asset type
1French Fixed Interest24.48%
2Italian Fixed Interest23.79%
3German Fixed Interest18.26%
4Spanish Fixed Interest13.9%
5Belgian Fixed Interest6.32%
6Dutch Fixed Interest5.84%
7Austrian Fixed Interest3.81%
8Irish Fixed Interest1.95%
9Finnish Fixed Interest1.52%
Individual holdings
No data available.
Management
Fund manager group
Northern Trust
Fund manager company
Northern Trust Invst Funds plc
Fund type
No data available.
Fund objective
The objective of the fund is to closely match the risk and return characteristics of the Citigroup EMU Government Bond Index. The fund will invest in freely transferable debt and debt related securities issued by the countries making up the index.
Benchmark
  • Citigroup EMU Govt Bond Idx
Investment style
No data available.
Investment method
None
Fund manager
NameSinceBiography
David Blake01/01/2003David Blake is a Senior Vice President at Northern Trust London. David is responsible for the management of international fixed income for Northern Trust. Fund structures under management range from single currency short duration mandates to multi currency long duration global government bonds both active and passive. After graduating in 1999 with a Master of Physics degree David worked for three years as a Gilt Repo trader and short duration Portfolio Manager for HMT UK Debt Management Office. David joined Northern Trust in January 2003 as a Portfolio Manager covering the USD and Euro books for Securities Lending cash re-investment and was appointed Senior Portfolio Manager in 2007.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Northern Trust Euro Government Bond Index B
Initial charge-
Annual charge-
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price177.9641
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLSV0
Northern Trust Euro Government Bond Index P1 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 price106.9235
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKYAW
Data provided by

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