Fact sheet: Real Estate Credit Inv Pcc NPV

Fund information
Fund name
Real Estate Credit Investments Pcc Limited Ord NPV
Fund manager company
Cheyne Capital Mangmt (UK) LLP
Fund type
Investment Trust
Fund manager
No data available.
Fund objective
No data available.
No data available.
Investment style
No data available.
Investment method
Quick stats
1 Year return
1 Year rank in sector
IT Debt
Fund size
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.
Mid price
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
Top in this sector
Fund name1 Year
Duet Real Estate Fin Ltd552.7%
Volta Finance Limited14.7%
Fair Oaks Income Fund Ltd10.8%
Starwood ErpnREFin Ltd9.7%
Blackstone/GSO Loan Fin Ltd8.8%
...more in IT Debt

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector23 / 2410 / 2318 / 2213 / 192 / 112 / 5
Calendar performance
 YTD - 20162015201420132012
Rank within sector14 / 222 / 154 / 111 / 72 / 5
Risk statistics
?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 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.
?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 (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.
?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 high174
52 week low143
Current bid price162.25
Current offer price165.25
Current mid price163.75
No data available.
Industry sector
No data available.
Asset type
Individual holdings
No data available.
Fund manager group
Real Estate Credit Invtmts
Fund manager company
Cheyne Capital Mangmt (UK) LLP
Fund type
Investment Trust
Fund objective
No data available.
No data available.
Investment style
No data available.
Investment method
Fund manager
No data available.
AIC Member
No data available.
Fund for sale in
Guernsey, Offshore
Real Estate Credit Investments Pcc Limited Ord NPV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price162.25
Offer price165.25
Mid price163.75
Price updated27/10/2016
Institutional or retail classRetail
Citi code02CJ
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.