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GAM Star

Price: 1.9629GBP

Change: 0.47%

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GAM Star Global Rates Inst Acc GBP

GAM Star Global Rates Inst Acc GBP

ISIN:

IE00B59CJW65

IA Sector:

IA Targeted Absolute Return

Risk level:

1
2
3
4
5
6
7

FE fundinfo Rating:

N/A

Accumulation

Price:

1.9629GBP

11 June 2026

Last change:

0.47%

1 year change:

2.68%

5 year annualised return:

7.34%

12 month yield:

2.00%

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At a glance

At a glance performance and information

Eligibility:

Share Dealing Account
ISA
SIPP

The value of investments, and income from them, can rise and fall so you may get back less than you invest. If you’re unsure about investing, seek independent advice. You may be eligible for financial advice through our partnership with Schroders Personal Wealth

1 W 1 M 3 M 6 M YTD 1 Y 3 Y 5 Y Max

Add to chart:

  • GAM Star Global Rates Inst Acc GBP
  • IA Targeted Absolute Return
  • Index

Discrete calendar year performance

Discrete calendar year performance
Investment 31/03/21 to 31/03/22 31/03/22 to 31/03/23 31/03/23 to 31/03/24 31/03/24 to 31/03/25 31/03/25 to 31/03/26
GAM Star Global Rates Inst Acc GBP 10.51% 15.48% 6.50% -1.35% 9.44%
IA Targeted Absolute Return 2.50% 0.33% 6.33% 4.67% 6.54%
N/A N/A% N/A% N/A% N/A% N/A%

Trailing returns

(*annualised)

Trailing returns
Investment 3 months 6 months 1 year 3 years* 5 years*
GAM Star Global Rates Inst Acc GBP -0.74% -0.31% 2.68% 4.66% 7.34%
IA Targeted Absolute Return 1.12% 2.55% 6.98% 6.61% 4.16%
N/A N/A% N/A% N/A% N/A% N/A%

Fund Objective: The investment objective of the Fund is to achieve absolute returns. The Fund seeks to achieve this objective through a process of economic analysis in both global currency and fixed income markets. There are both medium and short term based themes involved in the Fund’s strategy.

Manager name:

GAM Fund Management Ltd

Manager start date:

13 November 2009

Investment style:

Macro

Region (geographical):

Global

Manager Biography:

Adrian Owens is the Chief Investment Officer on the Global Rates strategy at Investcorp-Tages. In 2024 GAM entered into a partnership arrangement with Investcorp-Tages (“IVCT”) which sees Adrian and the investment team of GAM’s Global Rates strategy becoming IVCT employees but continuing to manage the strategy for GAM as a delegated investment manager. Adrian joined GAM in May 2009 as an Investment Director managing the Global Rates fund. Prior to this Adrian was at Julius Baer Investments Limited and was based in its New York office from 2001 until 2002, where he oversaw the US fixed income funds. Upon his return to London, he worked as co-head of the company's fixed income investments before launching the Global Rates strategy in January 2004. Prior to that, Adrian was the European economist at Yamaichi International (Europe). He spent the early part of his career working as an economist for the UK Department of Employment and then HM Treasury. Adrian holds a Masters in Economics from McGill University, Montreal. He is based in London.

Benchmark:

N/A

Sector:

IA Targeted Absolute Return

FE fundinfo Rating:

N/A

Fees & charges

Fees and Charges

Fees and Charges
Charge Who receives this? What is it? Amount
Initial charge: The fund manager Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged. 5.00%
Ongoing Charges: The fund manager The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year. 1.24%
Performance Fee: The fund manager A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions. 10%
Typical transaction cost: The fund manager The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading. 0.188%*
Dealing commission: Lloyds The cost of buying or selling some or all of your investment. £1.50
Breakdown

Asset Allocation

Fund size: 290,820,243.02 GBP

Chart date: June 11, 2026

Top 10 Holdings

Top 10 Holdings
Security Weight
U.s. treasury bills 0% 2026-08-06 9.26%
U.s. treasury bills 0% 2026-06-11 8.62%
U.s. treasury bills 0% 2026-07-09 8.60%
U.s. treasury bills 0% 2026-09-03 8.56%
U.s. treasury bills 0% 2026-10-01 8.53%
U.s. treasury bills 0% 2026-05-14 7.61%
U.s. treasury bills 0% 2026-02-19 6.97%
U.s. treasury bills 0% 2026-03-19 6.95%
U.s. treasury bills 0% 2026-04-16 6.93%
U.s. treasury bills 0% 2026-11-27 5.77%

Sectors

Sectors
Sectors Weight
Government Bonds 83.04%
Net Current Assets 17.97%
Foreign Exchange 0.97%
Futures 0.06%
Derivatives -2.04%

World regions

World regions
Country Weight
United States 83.04%
Net Current Assets 17.97%
Currency Forwards 0.97%
Futures - Interest Rates 0.06%
Interest Rate Swaps -2.04%
ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements.

The FCA website sets out further information in relation to the sustainability labelling and disclosure requirements.

Find out more about responsible investing with Lloyds including ESG (Environmental, Social and Governance).

Important legal information

Lloyds and Lloyds Bank are trading names of Halifax Share Dealing Limited. The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

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