Fact sheet: Prospect Yield

Fund information
Fund name
Prospect Yield F3 Acc
Fund manager company
GAM Inv Mgt (Switzerland) Ltd
Fund type
No data available.
Fund manager
No data available.
Fund objective
The fund aims to produce high current income and long-term capital appreciation by investing primarily in publicly traded shares issued by U.S. business development companies (BDCs) and commercial finance real estate investment trusts (cREITs). BDCs and cREITs are capital providers to the U.S. private corporate credit and real estate financing markets with highly diversified asset bases and senior secured positions within their portfolio companies' capital structures. BDCs and cREITs must distribute 90% or more of their taxable income in the form of dividends. The fund is structured to achieve U.S. Tax transparency and to deliver reduced U.S. withholding tax benefits to certain non-U.S. investors resident in countries which maintain dual taxation treaties with the U.S. Further, the fund is positioned to provide all non-U.S. investors with access to the permanent U.S. withholding tax exemption on qualified interest income and short term capital gains received by the fund.
Benchmark
No data available.
Investment style
None
Investment method
Shares
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Equity - North America
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.
1.3%
Fund size
£0m
Top in this sector
Fund name1 Year
Sanlam FOUR US Div Inc41.2%
M&G Offshore North Am Div35.2%
Lloyds North American27.4%
La Mondiale American Equity26.6%
SEB Nordamerika Små&Medel Blg26.3%
...more in FO Equity - North America

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.2%-2.4%----
Sector6.6%4.9%10%13.3%30.6%82.4%
Rank within sector29 / 3938 / 39----
Quartile3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector14.2%-0.8%12.9%29.7%8.8%
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.
-
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 high10648.38
52 week low9500.05
Current bid price-
Current offer price-
Current mid price10232.87
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM Inv Mgt (Switzerland) Ltd
Fund type
No data available.
Fund objective
The fund aims to produce high current income and long-term capital appreciation by investing primarily in publicly traded shares issued by U.S. business development companies (BDCs) and commercial finance real estate investment trusts (cREITs). BDCs and cREITs are capital providers to the U.S. private corporate credit and real estate financing markets with highly diversified asset bases and senior secured positions within their portfolio companies' capital structures. BDCs and cREITs must distribute 90% or more of their taxable income in the form of dividends. The fund is structured to achieve U.S. Tax transparency and to deliver reduced U.S. withholding tax benefits to certain non-U.S. investors resident in countries which maintain dual taxation treaties with the U.S. Further, the fund is positioned to provide all non-U.S. investors with access to the permanent U.S. withholding tax exemption on qualified interest income and short term capital gains received by the fund.
Benchmark
No data available.
Investment style
None
Investment method
Shares
Fund manager
No data available.
Compliance
UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Finland, France, United Kingdom, Ireland, Liechtenstein, Luxembourg, Norway, Offshore, Sweden
Prospect Yield F3 Acc
Initial charge3%
Annual charge-
Min single investment£10,000,000
Min regular saving£10,000,000
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10232.87
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEA8S
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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.