Fact sheet: NN (L) Alter Beta

Fund information

Fund name
NN (L) Alternative Beta X Cap USD
Fund company manager
NN Investment Partners (LUX)
Fund type
SIB
Fund manager
Willem Van Dommelen
since 17/06/2008
Fund objective
The objective of this fund is to beat the HFRX Global Hedge Fund Index CHF (hedged). The benchmark index is composed of funds that typically aim to provide positive returns irrespective of market conditions (hedge funds). We do this without actually investing in hedge funds. The fund invests in multiple markets, for instance: fixed income, shares and currencies. Decisions to buy or sell assets are fully based on signals generated by our mathematical models. Our model should detect which markets drive the performance of hedge funds at a certain moment. The calculations of the model are repeated monthly, where all investments are monitored on a daily basis. Strict risk controls are in place to manage the risks of the fund. The sub-funds base currency is US dollar (USD) and the sub-fund can be exposed to nonUS dollar currencies. By hedging this share class we aim to exchange the base currency of the sub-fund (USD) with the currency of this share class Swiss franc (CHF). The exposure towards non-CHF currencies in the sub-fund remains in this share class. A currency hedge consists of taking an offsetting position in another currency. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.
Benchmark
HFRX Global Hedge Fund Index EUR (hedged)
Investment style
Multi Strategy,Active
Investment method
Mixed

Quick stats

1 Year return

5.38 %

1 Year rank in sector

37/148

Sector

FO Hedge/Stru Prod - Mixed

Yield
-
Fund size

£ 229.8 m

FE Risk score

31

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Money Market
    84.59%
  • USA
    15.41%
  • Money Market
    84.59%
  • Global Fixed Interest
    15.41%
  • Others
    -0.01%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.15 %3.11 %5.38 %3.4 %9.31 %
Sector-0.17 %1.73 %1.57 %2.15 %7.28 %
Rank within sector11 / 15352 / 16537 / 14849 / 10043 / 79
Quartile th1 st2 nd1 st2 nd3 rd

Calendar performance

YTD-20172016201520142013
Fund3.51 %2.04 %-1.57 %-0.01 %4.5 %
Sector1.74 %-0.53 %-0.64 %5.08 %1.38 %
Rank within sector50 / 16244 / 13069 / 10772 / 9244 / 82
Quartile th2 nd2 nd3 rd4 th3 rd

Risk statistics

Alpha0.15
Beta0.84
Sharpe-0
Volatility3.97
Tracking error3.62
Information ratio-0
R-Squared0.17

Price movement

52 week high281.22
52 week low265.02
Current bid price0
Current offer price0
Current mid price281.38

Holdings by region

  • 84.59% Money Market
  • 15.41% USA

Holdings by sector

-

Holdings by asset type

  • 84.59% Money Market
  • 15.41% Global Fixed Interest
  • -0.01% Others

Individual holdings

  • 3.96% 0.000% TREASURY BILL 08/24/2017
  • 3.51% 0.000% TREASURY BILL 11/02/2017
  • 2.64% 0.000% TREASURY BILL 07/20/2017
  • 2.64% UNITED STATES OF AMER TREAS BILLS 0% TB 13/07/17 USD100
  • 2.63% 0.000% TREASURY BILL 10/26/2017
  • 0.03% TRSWAP: BCOM INDEX
  • 0.01% UNITED STATES OF AMER TREAS BONDS 5.25% 15/2/2029 USD1000
  • 0.01% UNITED STATES OF AMER TREAS BONDS 6.125% BDS 15/8/2029 USD1000
  • 0.01% UNITED STATES OF AMER TREAS BONDS 6.625% 15/2/2027 USD1000
  • 0.01% UNITED STATES OF AMER TREAS BONDS 6.75% 15/8/2026 USD1000