Fact sheet: State Street Flex Asset Alloc

Fund information
Fund name
State Street Flexible Asset Allocation P
Fund manager company
State Street Gbl Advisors LUX
Fund type
Offshore Fund
Fund managers
  • Victor Bozzasince 29/09/2014
  • Frederic Dodardsince 19/12/2012
  • Gregory Taiebsince 29/09/2013
Fund objective
The Sub-fund seeks to provide an investment return in excess of the performance ofthe one month EURIBOR rate by approximately 2% per annum over a five-year investment timeframe
Benchmark
  • 1 MONTH EURIBOR +4.5%
Investment style
Active,Flexible
Investment method
Mixed
Quick stats
1 Year return
3.5%
1 Year rank in sector
113/145
Sector
FO Mixed Asset - Flexible
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.
0.9%
Fund size
£9m (£9m 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
Smith & Williamson Md-OcnWdInv28.2%
Investec EmrgMktsMA28%
HSBC Pfl World Seltn 427%
Pioneer FlxOpprt19.9%
GaveKal Asian Opp UCITS19.9%
...more in FO Mixed Asset - Flexible

Performance snapshot

Holdings snapshot

  • International34.1%
    Europe26.9%
    Money Market23.9%
    Not Specified11%
    Global Emerging Markets4.1%
  • No data available.
  • Global Developed Equities34.1%
    Money Market23.9%
    Global Corporate Fixed Interest18.1%
    Global Government Fixed Interest5.1%
    Global High Yield Fixed Interest4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%1.1%1.5%3.5%6.4%-
Sector-0.1%2.7%2.5%6.9%11.1%20.8%
Rank within sector139 / 161131 / 164106 / 159113 / 14571 / 100-
Quartile4th4th3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.2%0.5%-0.6%5.3%2.6%
Sector2.5%3.4%-0.1%5%6.8%
Rank within sector123 / 164109 / 14171 / 11653 / 9869 / 84
Quartile3rd4th3rd3rd4th
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.
-0.23
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.
0.7
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%.
3.95
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.
2.42
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.
-0.49
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.
0.76
Price movement
52 week high9.96
52 week low9.48
Current bid price-
Current offer price-
Current mid price9.85
Region
1International34.11%
2Europe26.91%
3Money Market23.86%
4Not Specified11.01%
5Global Emerging Markets4.11%
Industry sector
No data available.
Asset type
1Global Developed Equities34.12%
2Money Market23.86%
3Global Corporate Fixed Interest18.14%
4Global Government Fixed Interest5.08%
5Global High Yield Fixed Interest4.4%
6European Government Fixed Interest3.69%
7Property Shares3.1%
8Global Emerging Market Equities2.14%
9Commodity & Energy1.99%
Individual holdings
1STATE STREET WORLD IDX EQUITY EQ FUNDS COMMINGLED EUR18.12%
2SSGA LUX EURO CORPORATE BOND INDEX I15.5%
3SPDR MSCI ACWI UCITS ETF ETP EUR11.1%
4SSGA EMU GOVERNMENT BOND IDX F FI FUNDS COMMINGLED EUR5.08%
5SSGA SPDR BARCLAYS EURO HIGH YIELD BOND UCITS ETF4.4%
6SSGA SPDR BARCLAYS EURO HIGH YIELD BOND UCITS ETF4.4%
7SPDR BARCLAYS 3-5 YEAR EURO GO ETP EUR3.69%
8SPDR DOW JONES GLOBAL REAL EST ETP EUR3.1%
9SPDR MSCI WORLD SMALL CAP UCIT ETP EUR3.08%
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 ofthe one month EURIBOR rate by approximately 2% per annum over a five-year investment timeframe
Benchmark
  • 1 MONTH EURIBOR +4.5%
Investment style
Active,Flexible
Investment method
Mixed
Fund managers
NameSinceBiography
Victor Bozza29/09/2014
Frederic Dodard19/12/2012
Gregory Taieb29/09/2013
Compliance
Transparent for Austrian Tax, 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 I EUR
Initial charge3%
Annual charge0.4%
Min single investment£3,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price9.9234
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJWSF
State Street Flexible Asset Allocation P
Initial charge3%
Annual charge0.8%
Min single investment£50
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price9.848
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI43S
Data provided by

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