Fact sheet: ReAssure ThreadneedleEnhcdComPPB Pn

Fund information
Fund name
ReAssure Threadneedle Enhanced Commodities PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • David Donorasince 28/06/2010
  • Nicolas Robinsince 28/06/2010
Underlying fund
Threadneedle (L)EhcdComPfl
Fund objective
The Enhanced Commodities Portfolio seeks to achieve capital appreciation which is directly and indirectly linked to commodity markets. The Portfolio will invest in financial derivative instruments whose underlying instruments are commodity indices or sub-indices composed of futures contracts on physical commodities. The Portfolio may also invest in exchange traded funds and/or exchange traded commodities/securitised notes, certificates, Investment Grade government securities, Money Market Instruments, cash, equities and/or other debt securities. The Portfolio may use financial derivative instruments for principal investment, hedging and efficient portfolio management.
Benchmark
  • Bloomberg Commodity
Investment style
None
Investment method
None
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Commodity & Energy
Yield
-
Fund size
£0m
Bid price
1.076
Offer price
1.133
Top in this sector
Fund name1 Year
FL JPM Natural Res AP86.1%
HLL JPM Natural Res Pn85%
Scot Eq JPM Natrl Resrcs Pn85%
FL JPM Natural Res EP84.2%
FL MyM JPM Natural Res Pn83.8%
...more in PN Commodity & Energy

Performance snapshot

Holdings snapshot

  • No data available.
  • Oil & Gas34.9%
    Soft Commodities25.8%
    Other Metals13.1%
    Gold11.5%
    Fishery, Agriculture & Forestry4.9%
  • Commodity & Energy99.1%
    Money Market0.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.9%3.5%-2.3%---
Sector0.1%1.4%18.7%68.1%16.5%-27.4%
Rank within sector40 / 6642 / 6651 / 65---
Quartile3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector68%-24.9%-8.9%-25%-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 high1.12
52 week low1
Current bid price1.08
Current offer price1.13
Current mid price-
Region
No data available.
Industry sector
1Oil & Gas34.9%
2Soft Commodities25.8%
3Other Metals13.1%
4Gold11.5%
5Fishery, Agriculture & Forestry4.9%
6Precious Metals & Stones4.4%
7Industrial Commodities3.2%
8Commodity & Energy1.3%
9Money Market0.9%
Asset type
1Commodity & Energy99.1%
2Money Market0.9%
Individual holdings
No data available.
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Enhanced Commodities Portfolio seeks to achieve capital appreciation which is directly and indirectly linked to commodity markets. The Portfolio will invest in financial derivative instruments whose underlying instruments are commodity indices or sub-indices composed of futures contracts on physical commodities. The Portfolio may also invest in exchange traded funds and/or exchange traded commodities/securitised notes, certificates, Investment Grade government securities, Money Market Instruments, cash, equities and/or other debt securities. The Portfolio may use financial derivative instruments for principal investment, hedging and efficient portfolio management.
Benchmark
  • Bloomberg Commodity
Investment style
None
Investment method
None
Fund managers
NameSinceBiography
David Donora28/06/2010David Donora joined the company in 2008 to establish its capabilities in Commodities and to develop a suitable product range to complement the company’s equity, bond and property offerings. He manages the Threadneedle (Lux) Enhanced Commodities fund and a range of portfolios for institutional and wholesale clients. David has over 30 years’ experience encompassing commodity and derivative trading roles. He has extensive experience of managing derivatives and OTC trading in FX and precious metals and is a specialist in the risk management of derivative commodity portfolios. Before joining the company, David was Head of OTC Derivatives at Refco Overseas, and he also held a range of senior roles at UBS and CIBC. David graduated from the University of Notre Dame with a BA in Finance.
Nicolas Robin28/06/2010Nicolas Robin joined the company in 2010 and is the Co-Lead Manager of the Threadneedle (Lux) Enhanced Commodities fund and Columbia Commodity Strategy Fund. Nicolas brings both hedge fund and commodity index trading experience to the team. He started his career at Barep Asset Management (SG Group) in 2002, helping to set up a Commodity Arbitrage hedge fund desk. By 2005 he was Lead Manager and assets rose to $200 million. The strategy was focused on relative value strategies in commodities and aimed to take advantage of short-term dislocations in commodity forward curves. In 2006, Nicolas joined JPMorgan Chase to run the bank’s commodity index trading book. During his tenure, index assets under management trebled making JPMorgan Chase a leading index dealer. In his time at JPMorgan Chase, Nicolas was responsible overhauling the bank’s commodity index trading platform and driving the bank’s effort into fully customisable commodity index solutions. He participated in the creation of the JPMorgan Commodity Curve Index (JPMCCI), the bank’s foray into second generation commodity indices launched in 2007. He also contributed to the development of the bank’s commodity customised indices and algorithmic strategies, looking at both momentum and curve based strategies. Alongside his commodity index trading responsibilities, Nicolas also ran a proprietary trading book across commodities, using both relative value and directional strategies with an emphasis on the energy complex. Nicolas holds a BSc in Government and Economics and a MSc in Political Theory from the London School of Economics
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Threadneedle Enhanced Commodities PPB Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.076
Offer price1.133
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LU
Data provided by

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