Fact sheet: ML ML MLCX Comm Alpha

Fund information

Fund name
ML Merrill Lynch MLCX Commodity Alpha E 5 Acc EUR
Fund company manager
Merrill Lynch International
Fund type
SIB
Fund manager(s)
James Munce
since 22/02/2016
Fund objective
The MLCX Alpha F5 Total Return Index ("MLCXAF5 Index") was designed by BofA ML Commodity Research as a broad-based, UCITS IV compliant commodity index providing a market neutral exposure to commodity markets. The MLCX Alpha F5 Total Return Index is a Long - Short index replicating the outperformance of the MLCXA01 Index over the DJUBS Index on a five times leveraged basis. The MLCXAF5 Index is designed to meet the requirements set by the UCITS Directives. Under UCITS IV rules, investing in a commodity futures index is permitted as long as each sector component of the index does not exceed 20%, although one sector may represent up to 35% of the broad index. The MLCXAF5 Index is five times leveraged meaning that its level increases by five times the outperformance of the MLCXA01 Index compared to the DJUBS Index and increases by five times the underperformance of the MLCXA01 Index compared to the DJUBS Index. Certain share classes have reduced participation in the MLCXAF5 Index meaning that these share classes are less than five times exposed on a net basis to the MLCXA01 vs DJ UBS strategy. The Fund offers investment opportunities through three different share classes (Alpha 1, Alpha 3, Alpha 5), each tracking a Reference Index linked to the performance of MLCXAF5 strategy as follows: Each of the Reference Indices is calculated on a "total return after costs" basis using : 1) the daily performance of the MLCXAF5 Long - Short strategy on an "excess return before cost" basis, 2) multiplied by the relevant Participation Level, 3) decreased of the relevant daily roll costs, 4) compounded by the daily interest rate.
Benchmark
MLCXAF5T Index
Investment style
Passive/Tracking
Investment method
Commodity/Energy,Synthetic

Quick stats

1 Year return

6.15 %

1 Year rank in sector

1/4

Sector

FO Hedge/Stru Prod - Commodity

Yield

0.0017

Fund size

£ 16.1 m

FE Risk score

90

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Energy
    30.56%
  • Fishery, Agriculture & Forestry
    29.53%
  • Other Metals
    17.39%
  • Precious Metals & Stones
    15.29%
  • Soft Commodities
    7.23%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.54 %2.95 %6.15 %0 %0 %
Sector1.36 %1.74 %-0.34 %-7.29 %-8.76 %
Rank within sector4 / 41 / 41 / 4 / /
Quartile th4 th1 st1 st th th

Calendar performance

YTD-20172016201520142013
Fund8.04 %0 %0 %0 %0 %
Sector-1.93 %-0.19 %-4.55 %-0.6 %-1.37 %
Rank within sector1 / 4 / / / /
Quartile th1 st th th th th

Price movement

52 week high107.3
52 week low98.03
Current bid price0
Current offer price0
Current mid price106.99

Holdings by region

-

Holdings by sector

  • 30.56% Energy
  • 29.53% Fishery, Agriculture & Forestry
  • 17.39% Other Metals
  • 15.29% Precious Metals & Stones
  • 7.23% Soft Commodities

Holdings by asset type

-

Individual holdings

-