Fact sheet: Principal GIF GblTmDivAbRt

Fund information
Fund name
Principal GIF Global Time Diversified Absolute Return I Acc USD
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund managers
  • Ivan Petejsince 02/01/2015
  • Mark Farringtonsince 02/01/2015
Fund objective
The objective of the Fund is to provide a consistent stream of positive returns in excess of USD 3 months LIBOR (London Inter Bank Offer Rate), as calculated by the BBA, over a 3-5 year horizon. The Fund has a G10, developed market, universe.
Benchmark
No data available.
Investment style
Macro
Investment method
Mixed
Quick stats
1 Year return
12.7%
1 Year rank in sector
1/6
Sector
FO Hedge/Stru Prod - Currency
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.
2.1%
Fund size
£5m (£4m 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.
115
Top in this sector
Fund name1 Year
Principal GIF GblTmDivAbRt12.7%
CGS FMS Gbl Evl EM Debt & FX12.5%
NB Diversified Curr-
Amundi Abst Mac For-1.1%
GS GblCurrPl Pfl-2.9%
...more in FO Hedge/Stru Prod - Currency

Performance snapshot

Holdings snapshot

  • USA87.4%
    Money Market10.8%
    New Zealand2.3%
    Japan1.5%
    Australia0%
  • Non-Rated85.6%
  • US Government Fixed Interest85.6%
    Money Market10.8%
    Foreign Exchange4.5%
    Options0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%4%8.2%12.7%--
Sector-0.3%0.7%1.5%2.1%2.4%-4.4%
Rank within sector1 / 72 / 71 / 71 / 6--
Quartile1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8.2%----
Sector1.1%0.4%2.2%-6.5%-1.6%
Rank within sector2 / 6----
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 high10.22
52 week low8.77
Current bid price-
Current offer price-
Current mid price10.05
Region
1USA87.39%
2Money Market10.84%
3New Zealand2.35%
4Japan1.49%
5Australia0.03%
6EU-0.04%
7Canada-0.05%
8Switzerland-0.49%
9Sweden-0.52%
Industry sector
1Non-Rated85.57%
Asset type
1US Government Fixed Interest85.57%
2Money Market10.84%
3Foreign Exchange4.46%
4Options0.13%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0% BDS 10/11/16 USD10012.84%
2UNITED STATES OF AMER TREAS BILLS 0% BDS 20/10/16 USD10012.84%
3UNITED STATES TREASURY BILL- W 0% 08/12/201612.84%
4UNITED STATES OF AMER TREAS BILLS 0% TB 19/01/17 USD100012.83%
5UNITED STATES OF AMER TREAS BILLS 0% TB 02/02/17 USD10012.82%
6UNITED STATES OF AMER TREAS BILLS 0% BDS 15/09/16 USD100010.71%
7UNITED STATES OF AMER TREAS BILLS 0% TB 02/03/17 USD100010.68%
8CURRENCY CONTRACT - NZD2.31%
9JAPANESE YEN1.51%
Management
Fund manager group
Principal Global Investors
Fund manager company
Principal Global Investors (Ir
Fund type
Unit Trust
Fund objective
The objective of the Fund is to provide a consistent stream of positive returns in excess of USD 3 months LIBOR (London Inter Bank Offer Rate), as calculated by the BBA, over a 3-5 year horizon. The Fund has a G10, developed market, universe.
Benchmark
No data available.
Investment style
Macro
Investment method
Mixed
Fund managers
NameSinceBiography
Ivan Petej02/01/2015Ivan serves as a portfolio manager specializing in quantitative strategies and research. He is responsible for the Strategic Currency Programme and oversees the Macro Currency Group investment strategy from a quantitative perspective, develops and maintains all portfolio construction and analytic tools and provides technical expertise and guidance to currency clients and asset consultants. Ivan joined the firm in 2006. Prior to his current role, he was a Quantitative Analyst and Portfolio Manager at ABN Amro Asset Management. He received a Ph.D. in Quantum Physics from the University of Oxford, and Master's and Bachelor's degrees in Natural Sciences/Physics from the University of Cambridge. Ivan holds the Investment Management Certificate (IMC) and passed the FINRA Series 3 examination. Ivan is based in London.
Mark Farrington02/01/2015Mark is the head of the Macro Currency Group. Located in London, he serves as portfolio manager. Mark has nearly 25 years of experience in the global financial industry with time spent in Japan, Singapore and Sydney. He joined Bankers Trust in 1992 as a money manager in the investment bank area, before moving to his current position in asset management in 1997. Previously, Mark was a senior vice president at Societe Generale in Singapore and an interest rate strategist at Baring Securities Japan. He received a bachelor's degrees in International Business and Finance from Oregon State University.
Compliance
Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, 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 Time Diversified Absolute Return A Acc USD
Initial charge5%
Annual charge1.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6VS
Principal GIF Global Time Diversified Absolute Return A Hedged Acc CHF
Initial charge5%
Annual charge1.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6VP
Principal GIF Global Time Diversified Absolute Return A Hedged Acc EUR
Initial charge5%
Annual charge1.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6VO
Principal GIF Global Time Diversified Absolute Return A Hedged Acc GBP
Initial charge5%
Annual charge1.8%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6VQ
Principal GIF Global Time Diversified Absolute Return A Hedged Acc JPY
Initial charge5%
Annual charge1.85%
Min single investment£10,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM6VR
Principal GIF Global Time Diversified Absolute Return I Acc USD
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)2.1%
Total expense ratio (TER)1.97%
Bid price-
Offer price-
Mid price10.05
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMEYZ
Principal GIF Global Time Diversified Absolute Return I Hedged Acc CHF
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCHF
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6VU
Principal GIF Global Time Diversified Absolute Return I Hedged Acc EUR
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6VT
Principal GIF Global Time Diversified Absolute Return I Hedged Acc GBP
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6VV
Principal GIF Global Time Diversified Absolute Return I Hedged Acc JPY
Initial charge-
Annual charge1.5%
Min single investment£1,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyJPY
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM6VW
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.