Friends First Home
compare funds  Send Link as email  Download PDF
Commodity Optimum Yield
Fund Snapshot
Launch Date 03/04/2013
Fund Manager Deutsche AM
Risk Rating Risk Rating 5
Fund Type Asset Class Commodities Commodities
Diversification Diversification 3
Stocks & Holdings 14
Regions Covered Regions Covered 5
Fund Size €277M *
Latest Bid Price €0.6478 
Price Date 22/09/2017 

Fund Performance

Performance Line Graph

From     To expand graph

Fund Summary
The objective of this fund is to invest in a fund that provides exposure to a broad range of commodities. Currently the fund invests in the Optimum Yield Balanced Index which provides a balanced exposure to 14 liquid commodities from the commodity sectors Energy, Precious Meals, Base metals and Agriculture. The strategy is rules based and the mix is rebalanced annually. The strategy seeks to optimise the roll of commodity futures contracts. The fund may elect to track other appropriate indices.

Market Commentary
In the second quartert he biggest negative contributions came from WTI Light Crude (-8.4%) and Heating Oil (-8.0%) which have a collective 26.5% weighting on current weights before rebalancing. Despite signs that US crude oil inventories are no longer growing, concerns of rising OPEC output proved more influential in the quarter. Gold and Aluminium also made minor negative contributions to performance. The largest offset to these negative components was Wheat (+11.3%) owing to both (i) the lowest all wheat planted acreage on record since records began in 1919, and (ii) drought conditions in the US Great Plains. However, owing to Wheat's relatively small weighting (12.69% current weighting) this was unable to bring the index into positive territory. Corn also made a very small positive contribution. (30th June 2017)

Management Charge
1.0% pa of fund assets. Please refer to policy conditions for policy charges.

Sector Allocation as at 30/06/2017

Commodity Split as at 30/06/2017

Commodity
Gold 13.26%
Wheat 8.74%
RBOB Gasoline 7.91%
WTI Crude Oil 7.71%
Heating Oil 7.69%
Brent Crude Oil 7.64%
Corn 7.52%
Soybeans 7.27%
Copper 6.88%
Zinc 6.74%
Aluminium 6.63%
Sugar 5.24%
Natural Gas 3.70%
Silver 3.07%

This fund should be considered as being a medium-long term investment. Access to your investment in this fund may in periods of adverse investment conditions be restricted for up to one month. Asset Information source: Asset Information source: Deutsche Asset Management. Performance figures are as per 'price date'. * Fund size refers to assets under management in underlying fund.

The returns shown include the reinvestment of net income and are net of trading costs and management fees but before other insurance contract charges and as such do not represent the returns on insurance contracts linked to these funds. Details of all charges for a particular product are available on request.

The information in this document does not constitute investment advice. It does not take into account the investment objectives, financial position or needs of any particular investor. Before making an investment decision, you should consult suitably qualified and independent investment, taxation, and regulatory advisors to discuss your specific situation and investment objectives. The investment strategies and risk profiles outlined in this document may not be suitable for your specific investment needs.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.



The information provided is intended for use by retail investment customers and is based on our understanding of current law and revenue practice.
Selected Funds
Fund Description Performance


From     To

expand graph     Add/Remove Fund

Fund Performance

Fund Performance To Date
Fund Description Fund 1 mth YTD 1YR 3YR p.a. 5YR p.a. 10YR p.a. Launch p.a

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.

FUND WARNINGS:
  1. Performance Fees: The growth of the Insight Currency fund will be subject to a 20% monthly performance fee which only applies when the growth rate exceeds 7% p.a. The Market Neutral Equity fund will be subject to a performance fee of 10% of any growth achieved above cash returns (specifically 3-month EURIBID).
  2. The price protection on the Protected Equity+ Fund, Series 3 is provided by Deutsche Bank AG.
  3. Money invested in the Deposit fund is placed with one or more Banks. The payment of interest and security of capital is provided by the Bank(s). The Bank(s) and not Friends First are providing the security on the Deposit fund. Please refer to the Fund Factsheet.
  4. The property fund managers reserve the right to place a withdrawal limit or/and to defer encashment for up to six months or such time as is necessary to facilitate the sale of assets if required.
Fund Performance

Daily Fund Prices and Performance
Fund Name Bid Price Price Date 1Mth (%) YTD (%) 1Yr (%) 3Yrs (%) 5Yrs (%) 10Yrs (%) Since Launch (%)

You have selected the maximum number of funds (5)

Banner Banner

 

© Friends First, Friends First House, Cherrywood Business Park, Loughlinstown, Dublin 18
Friends First Life Assurance Company dac is regulated by the Central Bank of Ireland.
Friends First is part of Achmea