Fact sheet: Russell OW Euro Credit

Fund information
Fund name
Russell OW Euro Credit C Acc EUR
Fund manager company
Russell OpenWorld
Fund type
Offshore Fund
Fund managers
  • James Mitchellsince 17/10/2013
Fund objective
To provide long-term capital appreciation from a portfolio comprised predominantly of corporate debt securities (including corporate bonds) and other Credit Securities and Instruments that are denominated in Euro.
Benchmark
  • Barclays Euro Aggregate Credit Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
1.3%
1 Year rank in sector
37/41
Sector
FO Fixed Int - EUR Corporate Bond
Yield
-
Fund size
£270m (£312m 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.
69
Top in this sector
Fund name1 Year
Schroder ISF €Cp Bd4.2%
LO SelTheCredit Bd EUR4%
JI High Grade Corporate Bonds CL3.7%
Morg Stnly Euro Corp Bond3.3%
Kempen (Lux) Euro Crdt3.1%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-2.3%0%1.3%7.5%24.9%
Sector-1.4%-2%1.1%2.7%9.6%29.9%
Rank within sector8 / 4330 / 4238 / 4237 / 4133 / 3930 / 34
Quartile1st3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund2.3%-1.5%7.2%0.7%12.6%
Sector3.8%-1%6.9%2.2%13.3%
Rank within sector36 / 4132 / 4125 / 3935 / 3824 / 34
Quartile4th4th3rd4th3rd
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.
-0.09
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.
0.81
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.
-0
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%.
2.58
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.
1.23
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.
-0.63
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.
0.82
Price movement
52 week high1282.33
52 week low1216.8
Current bid price-
Current offer price-
Current mid price1248.94
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Russell OpenWorld
Fund manager company
Russell OpenWorld
Fund type
Offshore Fund
Fund objective
To provide long-term capital appreciation from a portfolio comprised predominantly of corporate debt securities (including corporate bonds) and other Credit Securities and Instruments that are denominated in Euro.
Benchmark
  • Barclays Euro Aggregate Credit Index
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Mitchell17/10/2013James Mitchell is a senior portfolio manager in global fixed income for Russell Investments. Based in London, James is responsible for the portfolio management of fixed income funds. James manages portfolios covering Global Credit, Global High Yield, Emerging Market Debt (Hard and Local Currency), European Fixed Income and Absolute Return. He assumed this role in 2007. In 2013 Russell won the Lipper Fund award for “Best Large Bond Group” over 3 years in Europe. James joined Russell as a manager research analyst in 1999 and was promoted to senior research analyst in 2000. In this role James evaluated fixed income strategies and made recommendations on manager selection to Russell’s portfolio managers and consulting clients. James’ coverage included Global fixed income, European fixed income and currency. He started managing portfolios in 2004. Prior to joining Russell, James was a senior strategist with Nomura International in London. As a global strategist, James provided economic, fixed income and currency market analysis to Nomura’s trading, sales, and capital markets groups. James was also an editor of Nomura’s key economic and fixed income publications. James began his career in finance when he joined Deutsche Bank in 1989. He was based in London and spent eight years in the research department where he was a senior fixed income and currency strategist. James generated top down and bottom-up trade ideas for traders and clients and was co-editor of Deutsche Bank’s flagship fixed income strategy publication. He has completed B.Sc., Economics in London University and he is a CFA Charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, France, United Kingdom, Ireland, Italy, Netherlands, Offshore, Singapore
Russell OW Euro Credit B Acc EUR
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1318.2218
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKEU9
Russell OW Euro Credit B Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1071.6008
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKUDS
Russell OW Euro Credit C Acc EUR
Initial charge5%
Annual charge1.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1248.9369
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKEV2
Russell OW Euro Credit I EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1341.5954
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKUDT
Russell OW Euro Credit P Acc EUR
Initial charge5%
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1407.2316
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKEV1
Russell OW Euro Credit P Acc GBP
Initial charge5%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1434.2525
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKEV0
Data provided by

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