Bloomberg barclays classification system
Alpha source is a term used by SEI as part of our internal classification system to categorize and evaluate investment managers in order to build diversified fund portfolios. An alpha source is the investment approach taken by an active investment manager in an effort to generate excess returns. Another way to define an alpha source is that it is the inefficiency that an active investment manager seeks to exploit in order to add value. Cyclical sectors, industries or stocks are those whose performance is closely tied to the economic environment and business cycle. Cyclical sectors tend to benefit when the economy is expanding. Earnings multiple is equal to the stock price divided by earnings per share.
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Account Access. Professional Investor. Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. Please click here for additional performance disclosures and important information, which should be reviewed carefully.
Please Note: Time periods where NAV figures are not displayed are due to the Fund being fully redeemed and then re-launched at a later date. As of Apr As of May These securities and percentage allocations are only for illustrative purposes and do not constitute, and should not be construed as, investment advice or recommendations with respect to the securities or investments mentioned.
Please visit our Glossary page for fund related terms and definitions. Performance data quoted is based on average annualized returns and net of fees. Past performance is not indicative of future results. The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested.
Performance data for funds with less than one year's track record is not shown. Performance is calculated net of fees. YTD performance data is not annualised. Performance of other share classes, when offered, may differ.
Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and key investor information document KIID contains this and other information about the fund. Please read the prospectus and KIID carefully before you invest. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes.
It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and year if applicable Morningstar Rating metrics.
While the year overall star rating formula seems to give the most weight to the year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
Ratings do not take into account sales loads. All Rights Reserved. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Past performance is no guarantee of future results. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. For more information please see the Charges and Expenses section of the prospectus.
Where the credit ratings for individual securities differ between the three ratings agencies, the 'highest' rating is applied. The rating of credit default swaps is based on the 'highest' rating of the underlying reference bond. These include commercial paper, open FX transactions, Treasury bills and other short-term instruments.
Such instruments are considered cash equivalents because they are deemed liquid and not subject to significant risk of changes in values. WAM is the weighted average maturity of the portfolio. The WAM calculation utilizes the interest-rate reset date, rather than a security's stated final maturity, for variable- and floating- rate securities.
By looking to a portfolio's interest rate reset schedule in lieu of final maturity dates, the WAM measure effectively captures a fund's exposure to interest rate movements and the potential price impact resulting from interest rate movements. WAL is the weighted average life of the portfolio. The WAL calculation utilizes a security's stated final maturity date or, when relevant, the date of the next demand feature when the fund may receive payment of principal and interest such as a put feature.
Accordingly, WAL reflects how a portfolio would react to deteriorating credit widening spreads or tightening liquidity conditions. Before accessing the site, please choose from the following options.
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Fact sheets and publications related to the Bloomberg Barclays Indices from Bloomberg Professional Services. The Bloomberg Industry Classification Standard (BICS) and the Bloomberg Barclays Classification System (BCLASS) support the investment process by.
If only two of the agencies rate a security, then the most conservative lowest rating will be used. If only one rating agency rates a security, that one rating will be used. This is a hierarchical system that classifies fixed income security issuers. See the Sector Classification section for more details.
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