Fact sheet: NN (L) Comm Enhncd

Fund information

Fund name
NN (L) Commodity Enhanced X Cap USD
Fund company manager
NN Investment Partners (LUX)
Fund type
SIB
Fund manager(s)
Edwin Cuppen
since 26/07/2010
Fund objective
Unhedged we aim to beat the performance of the benchmark Bloomberg Commodity Total Return Index. There is no benchmark for this specific hedged share class as we apply a currency hedging strategy. The fund provides diversified exposure to commodity sectors such as Energy, Agriculture, Industrial Metal, Precious Metals and Live Cattle. The fund's positions to the individual commodities are approximately equal to those of the benchmark. However the end date of the commodity contracts may deviate from the contract dates of which the benchmark is composed. The reason for this is that the fund aims to minimize the ?roll?loss, or maximize the ?roll?return, with ?roll?referring to renewing expiring commodity contracts. It also aims to benefit from holding earlier the futures contracts that passive products and traditional indices will buy during the next period as well as from the relative price differences of certain commodities that are part of the same value chain. The positions are determined by an in-house built mathematical model. There are strict risk controls in place to limit the risk of the fund. The fund mainly invests in short term US treasuries and instruments that generate the performance of the commodities. The sub-fund?s base currency is US dollar (USD) and the sub-fund can be exposed to non-US 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 ?Euro (EUR). The exposure towards non-EUR 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
Bloomberg Commodity
Investment style
Active
Investment method
Indices

Quick stats

1 Year return

1.03 %

1 Year rank in sector

51/97

Sector

FO Commodity & Energy

Yield
-
Fund size

£ 195.4 m

FE Risk score

110

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    88.65%
  • Money Market
    11.35%
  • Others
    100%
  • Global Fixed Interest
    88.65%
  • Money Market
    11.35%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.98 %2.1 %1.03 %-25.6 %-40.3 %
Sector1.85 %1.37 %3.63 %-4.28 %-17.14 %
Rank within sector63 / 9844 / 9851 / 9778 / 9465 / 80
Quartile th3 rd2 nd3 rd4 th4 th

Calendar performance

YTD-20172016201520142013
Fund0.39 %12.25 %-26.19 %-15.53 %-10.86 %
Sector2.23 %23.06 %-19.83 %-8.99 %-6.61 %
Rank within sector59 / 9766 / 9769 / 9664 / 8759 / 83
Quartile th3 rd3 rd3 rd3 rd3 rd

Risk statistics

Alpha-7.89
Beta0.64
Sharpe-0.02
Volatility11.87
Tracking error9.43
Information ratio-0.73
R-Squared0.53

Price movement

52 week high144.54
52 week low130.57
Current bid price0
Current offer price0
Current mid price140.97

Holdings by region

  • 88.65% USA
  • 11.35% Money Market

Holdings by sector

  • 100% Others

Holdings by asset type

  • 88.65% Global Fixed Interest
  • 11.35% Money Market

Individual holdings

  • 15.35% 0.000% TREASURY BILL 12/28/2017
  • 12.79% 0.000% TREASURY BILL 01/11/2018
  • 12.3% 0.000% TREASURY BILL 11/09/2017
  • 10.22% 0.000% TREASURY BILL 02/08/2018
  • 9.24% 0.000% TREASURY BILL 09/14/2017
  • 8.27% US S. F-2017 4.25%/07-15.11.2017
  • 7.69% 0.000% TREASURY BILL 10/05/2017
  • 4.61% 0.000% TREASURY BILL 12/14/2017
  • 4.1% 0.000% TREASURY BILL 10/19/2017
  • 4.1% TREASURY BILL ZERO 12.10.2017