Fact sheet: AlcentraEuroFRILd

Fund information

Fund name
Alcentra European Floating Rate Income Limited Ord
Fund company manager
Alcentra
Fund type
ITR
Fund manager
Graham Rainbow
since 06/03/2012
Fund objective
The Company aims to provide Shareholders with regular quarterly dividends and the opportunity for capital growth by utilising the skills of the Investment Manager in selecting suitable investments. The Group, as advised by the Investment Manager, will invest either directly or, through sub-participation, indirectly in floating rate, secured loans or high-yield bonds issued by European and US corporate entities predominantly rated below investment grade or deemed by the Investment Manager to be of a corresponding credit quality. The Company expects at least 80 per cent. of its investments to be in debt obligations of corporate entities domiciled, or with significant operations, in Western Europe (including the United Kingdom). Investments are expected to be denominated in Euro, Sterling or US dollars.
Benchmark
No Specified Index
Investment style
-
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

9.72 %

1 Year rank in sector

19/24

Sector

IT Debt

Yield

5.1724

Fund size

£ 168.9 m

FE Risk score

57

NAV

105.04

Discount/Premium

+-3.3701

Gearing

100

Top in sector

Holdings snapshot

  • UK
    30.62%
  • France
    17.5%
  • Netherlands
    11.89%
  • Germany
    10.12%
  • USA
    8.1%
  • Others
    52.34%
  • Health Care
    13.61%
  • Business Services
    11.4%
  • Retailers - General
    7.14%
  • Financials
    6.75%
  • UK Fixed Interest
    30.62%
  • French Fixed Interest
    17.5%
  • Dutch Fixed Interest
    11.89%
  • German Fixed Interest
    10.12%
  • US Fixed Interest
    8.1%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0 %4.84 %6.97 %8.14 %30.9 %
Sector1.85 %7.12 %18.7 %16.13 %27.2 %
Rank within sector19 / 2717 / 2519 / 2410 / 133 / 5
Quartile th3 rd3 rd4 th4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund4.05 %2.18 %1.95 %2.17 %9.54 %
Sector6.63 %11.29 %-2.57 %2.38 %9.15 %
Rank within sector18 / 2517 / 237 / 147 / 103 / 6
Quartile th3 rd3 rd2 nd3 rd2 nd

Risk statistics

Alpha0.51
Beta0.5
Sharpe-0
Volatility6.63
Tracking error6.61
Information ratio-0.3
R-Squared0.13

Price movement

52 week high104.5
52 week low94.25
Current bid price101.5
Current offer price102
Current mid price101.5

Holdings by region

  • 30.62% UK
  • 17.5% France
  • 11.89% Netherlands
  • 10.12% Germany
  • 8.1% USA
  • 4.74% Others
  • 4.27% Luxembourg
  • 4.18% Sweden
  • 3.59% Spain
  • 2.71% Norway

Holdings by sector

  • 52.34% Others
  • 13.61% Health Care
  • 11.4% Business Services
  • 7.14% Retailers - General
  • 6.75% Financials
  • 6.48% Electronics
  • 2.28% Money Market

Holdings by asset type

  • 30.62% UK Fixed Interest
  • 17.5% French Fixed Interest
  • 11.89% Dutch Fixed Interest
  • 10.12% German Fixed Interest
  • 8.1% US Fixed Interest
  • 4.74% Global Fixed Interest
  • 4.27% Luxembourg Fixed Interest
  • 4.18% Swedish Fixed Interest
  • 3.59% Spanish Fixed Interest
  • 2.71% Norwegian Fixed Interest

Individual holdings

  • 3.26% NUMERICABLE
  • 3.02% DIAVERUM
  • 2.58% MOTOR FUEL GROUP
  • 2.5% ERM
  • 2% CABOT CORP