Fact sheet: Principal GIF SpcGlCapSec

Fund information

Fund name
Principal GIF Spectrum Global Capital Securities I Acc USD
Fund company manager
Principal Global Investors (Ir
Fund type
SIB
Fund manager(s)
Mark Lieb
since 30/10/2014
Manu Krishnan
since 30/10/2014
Kevin Nugent
since 30/10/2014
L. Phillip Jacoby IV
since 30/10/2014
Fund objective
The investment objective of the Fund is to generate positive total return over the medium- to long-term including capital preservation. The Fund seeks to achieve its objective by investing the majority of its assets in financial below investment grade contingent convertible capital securities (CoCos), which include Additional Tier 1 and Tier 2 securities. The Fund utilizes derivatives for the purpose of interest rate and credit spread-volatility mitigation.**
Benchmark
BofA Merrill Lynch Global Non-Sovereign Index
Investment style
High Yield
Investment method
Convertibles

Quick stats

1 Year return

12.52 %

1 Year rank in sector

9/77

Sector

FO Convertible

Yield
-
Fund size

£ 8.4 m

FE Risk score

99

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Money Market
    19.34%
  • Switzerland
    18.78%
  • UK
    18.28%
  • France
    15.32%
  • Sweden
    11.14%
  • BB+
    34.06%
  • Money Market
    19.34%
  • BBB
    11.14%
  • BB
    9.65%
  • BB-
    9.4%
  • Money Market
    19.34%
  • Swiss Fixed Interest
    18.78%
  • UK Fixed Interest
    18.28%
  • French Fixed Interest
    15.32%
  • Swedish Fixed Interest
    11.14%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.66 %6.72 %12.52 %0 %0 %
Sector1.14 %3.26 %6.82 %14.39 %27.61 %
Rank within sector62 / 808 / 789 / 77 / /
Quartile th4 th1 st1 st th th

Calendar performance

YTD-20172016201520142013
Fund10.69 %2.99 %7.41 %0 %0 %
Sector5.57 %0.75 %2.92 %2.27 %11.66 %
Rank within sector9 / 7822 / 768 / 68 / /
Quartile th1 st2 nd1 st th th

Price movement

52 week high12.22
52 week low10.71
Current bid price0
Current offer price0
Current mid price12.22

Holdings by region

  • 19.34% Money Market
  • 18.78% Switzerland
  • 18.28% UK
  • 15.32% France
  • 11.14% Sweden
  • 9.61% Australia
  • 7.52% Spain
  • 0.01% USA

Holdings by sector

  • 34.06% BB+
  • 19.34% Money Market
  • 11.14% BBB
  • 9.65% BB
  • 9.4% BB-
  • 8.88% B+
  • 7.52% Non-Rated

Holdings by asset type

  • 19.34% Money Market
  • 18.78% Swiss Fixed Interest
  • 18.28% UK Fixed Interest
  • 15.32% French Fixed Interest
  • 11.14% Swedish Fixed Interest
  • 9.61% Australian Fixed Interest
  • 7.52% Spanish Fixed Interest
  • 0.01% Foreign Exchange

Individual holdings

  • 9.65% CREDIT SUISSE GROUP VAR PERP BDS USD200000
  • 9.61% AUSTRALIA & NEW ZEALAND BANKING GRP 6.75% UNDATED BDS USD200000
  • 9.4% LLOYDS BANKING GROUP PLC 7.5% UNDATED BDS USD1000
  • 9.13% SOCIETE GENERALE 8.25% UNDATED BDS USD200000
  • 9.12% UBS GROUP AG 7.125% UNDATED BDS USD200000
  • 8.88% BARCLAYS BANK PLC 8.25% BDS 29/12/49 USD1000
  • 7.52% BANCO BILBAO VIZCAYA S.A. 9% BDS 09/08/18 USD1000
  • 7.44% SWEDBANK AB 5.5% UNDATED NTS USD200000
  • 6.19% CREDIT AGRICOLE 6.625% UNDATED NTS USD200000 REG S
  • 3.7% NORDEA BANK AB UNDATED NTS USD200000REG S