Fact sheet: State Street Flex Ass Alloc+

Fund information
Fund name
State Street Flexible Asset Allocation Plus P
Fund manager company
State Street Gbl Advisors LUX
Fund type
Offshore Fund
Fund managers
  • Frederic Dodardsince 03/01/2013
  • Gregory Taiebsince 30/09/2013
Fund objective
The Sub-fund seeks to provide an investment return in excess of the performance of the one month EURIBOR rate by approximately 4% per annum over a five-year investment timeframe.
Benchmark
  • 1 MONTH EURIBOR +4.5%
Investment style
Absolute Return,Flexible
Investment method
Mixed
Quick stats
1 Year return
4.9%
1 Year rank in sector
36/136
Sector
FO Absolute Return
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.
1.2%
Fund size
£66m (£76m 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.
68
Top in this sector
Fund name1 Year
SW Mitchell Emerging European25%
Polar Capital UK Abs Eq23.3%
F&C Ml Strat Gbl Eq17%
SWMC UK14.4%
Pictet Scv II Dyn Ass Alloc14.3%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • International63.8%
    Not Specified35.2%
    Money Market1%
  • No data available.
  • Global Developed Equities57%
    Global Corporate Fixed Interest21.8%
    Money Market7.4%
    Property Shares3%
    Global Small Cap Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%1.7%3.8%4.9%4.7%12.3%
Sector-0%1%1%2.6%3.2%8.4%
Rank within sector136 / 14941 / 14717 / 14136 / 13626 / 8825 / 66
Quartile4th2nd1st2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.1%0.6%-3.1%4.1%3.5%
Sector1%0.7%0.7%1.2%3.6%
Rank within sector32 / 14867 / 13196 / 11516 / 8730 / 72
Quartile1st3rd4th1st2nd
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.
-0.14
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.
1.83
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%.
4.68
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.
3.63
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.
0.15
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.
0.51
Price movement
52 week high10.01
52 week low9.26
Current bid price-
Current offer price-
Current mid price9.87
Region
1International63.79%
2Not Specified35.17%
3Money Market1.04%
Industry sector
No data available.
Asset type
1Global Developed Equities56.98%
2Global Corporate Fixed Interest21.76%
3Money Market7.44%
4Property Shares3%
5Global Small Cap Equities2.96%
6Global Emerging Market Equities2.85%
7Commodity & Energy2.83%
8Global High Yield Fixed Interest1.7%
9Convertibles1.59%
Individual holdings
1TREASURY CERTIFICATES 12M11.11%
2FRENCH DISCOUNT T-BILL4%
3STATE STREET GLOBAL DEFENSIVE3.95%
4ORANGE SA 5.0000 PERP2.62%
5BNP PARIBAS FORTIS1.46%
6NORINCHUKIN BANK1.46%
7SVENSKA HANDELSBANKEN1.46%
Management
Fund manager group
State Street
Fund manager company
State Street Gbl Advisors LUX
Fund type
Offshore Fund
Fund objective
The Sub-fund seeks to provide an investment return in excess of the performance of the one month EURIBOR rate by approximately 4% per annum over a five-year investment timeframe.
Benchmark
  • 1 MONTH EURIBOR +4.5%
Investment style
Absolute Return,Flexible
Investment method
Mixed
Fund managers
NameSinceBiography
Frederic Dodard03/01/2013
Gregory Taieb30/09/2013
Compliance
Transparent for Austrian Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore
State Street Flexible Asset Allocation Plus B
Initial charge-
Annual charge0.75%
Min single investment£10,000,000
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0737
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJWSB
State Street Flexible Asset Allocation Plus I EUR
Initial charge3%
Annual charge0.75%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.85%
Bid price-
Offer price-
Mid price9.9282
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM3DC
State Street Flexible Asset Allocation Plus P
Initial charge3%
Annual charge1.1%
Min single investment£50
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price9.8656
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAHP1
Data provided by

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