Fact sheet: NxGnrGlbBndUI

Fund information
Fund name
Next Generation Global Bond UI Q Hedged Dis GBP
Fund manager company
Universal Investment
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The sub-fund is designed to provide investors with a relatively high yield whilst achieving a superior risk/reward profile.To achieve this objective the sub-fund will comprise the most attractively undervalued global bonds, as identified by the Portfolio manager. The portfolio manager has developed a proprietary investment process/ scoring system based on a country's Net Foreign Asset position in order to assess each debtor's ability to pay their debts. The portfolio will not track an index but weightings will vary according to which sectors, regions and issues are undervalued at a given time. Positioning will also vary according to perceived economic environments, allocating more into safer credits during difficult economic periods in order to protect capital. As Holdings return to or surpass fair value the portfolio manager will attempt to sustain the upwards bias on capital appreciation by opportunistically adjusting the portfolio into undervalued credits where they identify mispricing due to market sentiment rather than fundamental or structural reasons.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Global High Yield
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.
1.27%
Fund size
£0m
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld28%
Natixis LoomsSyles HInc22.1%
Franklin High Yield17%
T. Rowe Price Gbl HiYld Bd16.9%
Fidelity Gbl Hi Yld16.5%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%2.1%----
Sector-0.6%1.5%3%10.6%9.3%27.6%
Rank within sector17 / 8721 / 83----
Quartile1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.6%----
Sector1.3%11.4%-2.5%1.4%5.2%
Rank within sector29 / 83----
Quartile2nd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high102.61
52 week low99.66
Current bid price-
Current offer price-
Current mid price102.03
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Universal Investment
Fund manager company
Universal Investment
Fund type
Offshore Fund
Fund objective
The sub-fund is designed to provide investors with a relatively high yield whilst achieving a superior risk/reward profile.To achieve this objective the sub-fund will comprise the most attractively undervalued global bonds, as identified by the Portfolio manager. The portfolio manager has developed a proprietary investment process/ scoring system based on a country's Net Foreign Asset position in order to assess each debtor's ability to pay their debts. The portfolio will not track an index but weightings will vary according to which sectors, regions and issues are undervalued at a given time. Positioning will also vary according to perceived economic environments, allocating more into safer credits during difficult economic periods in order to protect capital. As Holdings return to or surpass fair value the portfolio manager will attempt to sustain the upwards bias on capital appreciation by opportunistically adjusting the portfolio into undervalued credits where they identify mispricing due to market sentiment rather than fundamental or structural reasons.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, United Kingdom, Luxembourg, Norway, Offshore, Singapore
Next Generation Global Bond UI Q Acc USD
Initial charge3%
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC2RJ
Next Generation Global Bond UI Q Dis USD
Initial charge3%
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC2RI
Next Generation Global Bond UI Q Hedged Acc EUR
Initial charge3%
Annual charge0.3%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price102.2
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC2UL
Next Generation Global Bond UI Q Hedged Dis EUR
Initial charge3%
Annual charge0.3%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price101.88
CurrencyEUR
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC2RK
Next Generation Global Bond UI Q Hedged Dis GBP
Initial charge3%
Annual charge0.3%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price102.03
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeC2RL
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.