Fact sheet: Principal GIF GblCpStrOp

Fund information
Fund name
Principal GIF Global Capital Structure Opportunities I Acc USD
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund managers
  • Timothy R Warricksince 11/12/2014
  • Randy R. Woodburysince 11/12/2014
  • Tina Parissince 11/12/2014
Fund objective
The investment objective of the Fund is to provide high single digit returns over a market cycle while minimizing drawdown risk.
Benchmark
  • Barclays 3 month USD LIBOR
Investment style
Total Return
Investment method
Fixed Interest
Quick stats
1 Year return
0.5%
1 Year rank in sector
247/295
Sector
FO Fixed Int - Global
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.
0.9%
Fund size
£10m (£10m 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.
81
Top in this sector
Fund name1 Year
Capital Group GHIOL32.9%
Dodge & Cox Global Bond25.7%
HSBC GIF Gbl AsBk Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
Russell Gbl Bd23.1%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA57.9%
    UK11.1%
    Switzerland7.4%
    Sweden7%
    Money Market5.6%
  • BBB+23.9%
    BBB-22.3%
    BBB18.7%
    BB+8.2%
    A-8%
  • US Fixed Interest57.9%
    UK Fixed Interest11.1%
    Swiss Fixed Interest7.4%
    Swedish Fixed Interest7%
    Money Market5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-2.3%0.7%0.5%--
Sector-1.9%-2.2%0.7%3.2%5.9%13.5%
Rank within sector167 / 315162 / 312135 / 307247 / 295--
Quartile3rd3rd2nd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.5%3.8%---
Sector3.8%-1.6%3.7%-1.6%8.2%
Rank within sector268 / 29918 / 275---
Quartile4th1st
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 high10.69
52 week low9.82
Current bid price-
Current offer price-
Current mid price10.42
Region
1USA57.93%
2UK11.15%
3Switzerland7.36%
4Sweden6.97%
5Money Market5.6%
6Ireland4.42%
7Netherlands3.6%
8Spain3.42%
9EU-0%
Industry sector
1BBB+23.88%
2BBB-22.31%
3BBB18.65%
4BB+8.15%
5A-8.03%
6Non-Rated7.46%
7B+4.8%
8BB1.56%
Asset type
1US Fixed Interest57.91%
2UK Fixed Interest11.15%
3Swiss Fixed Interest7.36%
4Swedish Fixed Interest6.97%
5Money Market5.6%
6Irish Fixed Interest4.42%
7Dutch Fixed Interest3.6%
8Spanish Fixed Interest3.42%
9Futures0.02%
Individual holdings
1MORGAN STANLEY 5% BDS 24/11/25 USD10008.53%
2AMERICAN INTERNATIONAL GROUP INC 3.875% NTS 15/01/35 USD20005.51%
3BANK OF NEW YORK MELLON CORP DEP SH EACH REPR 1/100TH N.CUM PERP PF F4.93%
4FIRST REPUBLIC BANK SAN FRANCISCO 4.375% BDS 01/08/46 USD10004.91%
5ROYAL BANK OF SCOTLAND GROUP PLC 7.648% FLTG RTE BDS 31/8/2049 USD10004.8%
6JPMORGAN CHASE & CO 5.3% DEP SHS EACH REP 1/10 NON CUM PF Z4.35%
7BANK OF AMERICA CORP DEP SHS REP 1/25TH INT FXD NON CUM PFD4.31%
8JPMORGAN CHASE & CO 4.125% BDS 15/12/26 USD20004.17%
9SKANDINAVISKA ENSKILDA B 5.75% 13 MAY 2049-20 REGS4.04%
Management
Fund manager group
Principal Global Investors
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund objective
The investment objective of the Fund is to provide high single digit returns over a market cycle while minimizing drawdown risk.
Benchmark
  • Barclays 3 month USD LIBOR
Investment style
Total Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Timothy R Warrick11/12/2014Timothy is a portfolio manager at Principal Global Fixed Income with responsibility for the corporate and U.S. multi-sector portfolios. He also serves as portfolio management team leader with responsibility for overseeing portfolio management functions for all total return fixed income products. As part of his portfolio management duties, Tim also oversees the corporate bond trading desk. Prior to his portfolio management responsibilities with the firm, Tim was a fixed income credit analyst. He joined the firm in 1990. Tim also spent two years with ReliaStar Investment Research, Inc., where he was responsible for multiple sectors, including asset-backed securities, corporate bonds, mezzanine debt and leveraged bank loans. Tim received an MBA in finance from Drake University and a bachelor’s degree in accounting and economics from Simpson College. He has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute.
Randy R. Woodbury11/12/2014Randy is a portfolio manager and trader for Principal Global Fixed Income. He trades and manages all financial sector corporate bonds for total return portfolios and is instrumental in developing strategy for all Investment Grade products. Randy is also lead portfolio manager for Global Capital Structure Opportunities funds and co-manages all credit-related global bond funds. He joined the firm in 1998. Before joining Principal, Randy was an adjunct professor at Iowa State University. He received an MBA and a bachelor's degree, both in finance, from Iowa State University. Randy has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Iowa.
Tina Paris11/12/2014Tina is a portfolio manager at Principal Global Fixed Income. She is responsible for the management of multi-sector portfolios including core plus, opportunistic and liability driven strategies. Tina joined the firm in 2001 as a credit research associate before moving into her current position in 2004. She received an MBA with an emphasis in finance from the University of Iowa and a bachelor's degree in finance and economics from the University of Northern Iowa. Tina has earned the right to use the Chartered Financial Analyst designation and is a member of the CFA Institute and the CFA Society of Iowa.
Compliance
Transparent for German Tax, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Netherlands, Offshore, Singapore, Sweden
Principal GIF Global Capital Structure Opportunities A Acc USD
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JE
Principal GIF Global Capital Structure Opportunities A Hedged Acc AUD
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JN
Principal GIF Global Capital Structure Opportunities A Hedged Acc CHF
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JP
Principal GIF Global Capital Structure Opportunities A Hedged Acc EUR
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JG
Principal GIF Global Capital Structure Opportunities A Hedged Acc GBP
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JI
Principal GIF Global Capital Structure Opportunities A Hedged Acc JPY
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JK
Principal GIF Global Capital Structure Opportunities A Hedged Inc AUD
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JO
Principal GIF Global Capital Structure Opportunities A Hedged Inc CHF
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JM
Principal GIF Global Capital Structure Opportunities A Hedged Inc EUR
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JH
Principal GIF Global Capital Structure Opportunities A Hedged Inc GBP
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JJ
Principal GIF Global Capital Structure Opportunities A Hedged Inc JPY
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JL
Principal GIF Global Capital Structure Opportunities A Inc USD
Initial charge5%
Annual charge1.3%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JF
Principal GIF Global Capital Structure Opportunities D Acc USD
Initial charge5%
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JQ
Principal GIF Global Capital Structure Opportunities D Inc USD
Initial charge5%
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JR
Principal GIF Global Capital Structure Opportunities F Acc USD
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JS
Principal GIF Global Capital Structure Opportunities F Inc USD
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JT
Principal GIF Global Capital Structure Opportunities I Acc USD
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price10.42
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JU
Principal GIF Global Capital Structure Opportunities I Hedged Acc AUD
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6KE
Principal GIF Global Capital Structure Opportunities I Hedged Acc CHF
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6KC
Principal GIF Global Capital Structure Opportunities I Hedged Acc EUR
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JW
Principal GIF Global Capital Structure Opportunities I Hedged Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6JY
Principal GIF Global Capital Structure Opportunities I Hedged Acc JPY
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6KA
Principal GIF Global Capital Structure Opportunities I Hedged Inc AUD
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6KF
Principal GIF Global Capital Structure Opportunities I Hedged Inc CHF
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6KD
Principal GIF Global Capital Structure Opportunities I Hedged Inc EUR
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JX
Principal GIF Global Capital Structure Opportunities I Hedged Inc GBP
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JZ
Principal GIF Global Capital Structure Opportunities I Hedged Inc JPY
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6KB
Principal GIF Global Capital Structure Opportunities I Inc USD
Initial charge-
Annual charge0.65%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM6JV
Principal GIF Global Capital Structure Opportunities N Acc USD
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
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 classRetail
Domicile-
Citi codeNF7C
Principal GIF Global Capital Structure Opportunities N Hedged Acc EUR
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF7A
Principal GIF Global Capital Structure Opportunities N Hedged Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNF7E
Principal GIF Global Capital Structure Opportunities N Hedged Inc EUR
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF7B
Principal GIF Global Capital Structure Opportunities N Hedged Inc GBP
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNF7F
Principal GIF Global Capital Structure Opportunities N Inc USD
Initial charge-
Annual charge0.65%
Min single investment£10,000
Min regular saving£1,000
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 classRetail
Domicile-
Citi codeNF7D
Data provided by

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