Fact sheet: AlcentraEuroFRILd

Fund information

Fund name
Alcentra European Floating Rate Income Limited Ord
Fund company manager
Alcentra
Fund type
ITR
Fund manager(s)
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

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

6.66 %

1 Year rank in sector

17/24

Sector

IT Debt

Yield

4.3062

Fund size

£ 168.4 m

FE Risk score

56

NAV

105.64

Discount/Premium

+-4.1556

Gearing

100

Top in sector

Holdings snapshot

  • UK
    27.07%
  • France
    18.15%
  • Germany
    11.79%
  • Netherlands
    10.93%
  • USA
    6.8%
  • Others
    46.73%
  • Health Care
    16.65%
  • Business Services
    11.73%
  • Retailers - General
    7.41%
  • Chemicals
    7.38%
  • UK Fixed Interest
    27.07%
  • French Fixed Interest
    18.15%
  • German Fixed Interest
    11.79%
  • Dutch Fixed Interest
    10.93%
  • US Fixed Interest
    6.8%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0 %0.14 %6.66 %10.05 %27.21 %
Sector0.87 %2.59 %7.32 %16.78 %25.54 %
Rank within sector16 / 2825 / 2817 / 2412 / 143 / 5
Quartile th3 rd4 th3 rd4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund4.88 %2.18 %1.95 %2.17 %9.54 %
Sector6.68 %11.29 %-2.57 %2.38 %9.15 %
Rank within sector16 / 2516 / 237 / 147 / 103 / 6
Quartile th3 rd3 rd2 nd3 rd2 nd

Risk statistics

Alpha0.87
Beta0.5
Sharpe-0
Volatility6.66
Tracking error6.63
Information ratio-0.24
R-Squared0.13

Price movement

52 week high104.5
52 week low97.25
Current bid price101.25
Current offer price102.75
Current mid price101.25

Holdings by region

  • 27.07% UK
  • 18.15% France
  • 11.79% Germany
  • 10.93% Netherlands
  • 6.8% USA
  • 6.43% Others
  • 5.08% Sweden
  • 4.07% Spain
  • 3.78% Luxembourg
  • 3.05% Money Market

Holdings by sector

  • 46.73% Others
  • 16.65% Health Care
  • 11.73% Business Services
  • 7.41% Retailers - General
  • 7.38% Chemicals
  • 7.05% Electronics
  • 3.05% Money Market

Holdings by asset type

  • 27.07% UK Fixed Interest
  • 18.15% French Fixed Interest
  • 11.79% German Fixed Interest
  • 10.93% Dutch Fixed Interest
  • 6.8% US Fixed Interest
  • 6.43% Global Fixed Interest
  • 5.08% Swedish Fixed Interest
  • 4.07% Spanish Fixed Interest
  • 3.78% Luxembourg Fixed Interest
  • 3.05% Money Market

Individual holdings

  • 2.62% MOTOR FUEL GROUP
  • 2.48% ERM POWER LTD
  • 2.4% STADA ARZNEIMITTEL AG
  • 2.04% VIVARTE SA TLB 2.43% 08/03/2015
  • 2.02% CABOT FINANCIAL