Fact sheet: Twelve Falcon Ins Opprtns

Fund information
Fund name
Twelve Falcon Insurance Opportunities I USD
Fund manager company
Falcon Fund Management (Lux)
Fund type
Offshore Fund
Fund manager
  • Twelve Capital AG, Zürichsince 07/11/2013
Fund objective
The Twelve-Falcon Insurance Opportunities Fund invests in CAT bonds, which are issued to offer protection to the sponsor in case of an insured catastrophic event. The Fund invests opportunistically, which means with no allocation restrictions to risk perils. Hence, it is more flexible in selecting its investments that leads to enhanced return expectations.
Benchmark
  • Citigroup EUR 3 Mths EURO Dep
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
8.6%
1 Year rank in sector
2/3
Sector
FO Fixed Int - Other
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.
1.55%
Fund size
£105m (£61m 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.
73
Top in this sector
Fund name1 Year
HSBC GIF India Fix Income11.3%
Twelve Falcon Ins Opprtns8.6%
Franklin GCC Bond4.4%
Boost US Treas 10Y 3x Levge Dly ETP-0.2%
Boost USTrses10Y3XShtDlyETP-3.4%
...more in FO Fixed Int - Other

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%2.4%5.6%8.6%26.3%-
Sector-0.5%0.3%4%6.4%12%18.4%
Rank within sector2 / 41 / 42 / 32 / 31 / 3-
Quartile2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund8.5%6.7%9.1%--
Sector5.8%0.2%5.9%-1%6.1%
Rank within sector2 / 31 / 32 / 3--
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.
7.45
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.
0.16
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.
2.29
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%.
2.01
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.
3.42
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.
1.2
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.
0.07
Price movement
52 week high126.13
52 week low116.17
Current bid price-
Current offer price-
Current mid price126.13
Region
1International82.88%
2Money Market17.12%
Industry sector
1Fixed Interest82.88%
2Money Market17.12%
Asset type
1Global Fixed Interest82.88%
2Money Market17.12%
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Falcon Fund Management (Lux)
Fund type
Offshore Fund
Fund objective
The Twelve-Falcon Insurance Opportunities Fund invests in CAT bonds, which are issued to offer protection to the sponsor in case of an insured catastrophic event. The Fund invests opportunistically, which means with no allocation restrictions to risk perils. Hence, it is more flexible in selecting its investments that leads to enhanced return expectations.
Benchmark
  • Citigroup EUR 3 Mths EURO Dep
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Twelve Capital AG, Zürich07/11/2013
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Finland, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Singapore, Sweden
Twelve Falcon Insurance Opportunities I CHF
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price119.91
CurrencyCHF
Price updated25/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEXU
Twelve Falcon Insurance Opportunities I EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price123.73
CurrencyEUR
Price updated25/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF5V
Twelve Falcon Insurance Opportunities I USD
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price126.13
CurrencyUSD
Price updated25/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEXT
Data provided by

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