Fact sheet: Aberdeen Global II EuConvBd

Fund information
Fund name
Aberdeen Global II European Convertibles Bond X2
Fund manager company
Aberdeen Global Services S.A.
Fund type
Offshore Fund
Fund manager
  • Convertibles Teamsince 26/09/2010
Fund objective
The Fund’s investment objective is to achieve an attractive level of total return with the majority of the Fund being invested in convertible securities from issuers domiciled in Europe, or in convertible securities which convert into securities of issuers domiciled in Europe or into convertible securities which are listed on a European Stock Exchange.
Benchmark
  • Thomson Reuters Europe Convertible Bond Index
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
-3.1%
1 Year rank in sector
60/72
Sector
FO Convertible
Yield
0.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.94%
Fund size
£122m (£175m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
62
Top in this sector
Fund name1 Year
Man Convertibles Am10.3%
CQS Global Convertible UCITS6.2%
Franklin Gl Cnvtl Secrts4.4%
Oaktree OaktreGbCnvBd4.1%
Calamos Gbl Convtl Opps3.3%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • France21.8%
    Germany19%
    UK11.2%
    Italy6.5%
    Mexico5.8%
  • Financials52.3%
    Industrials32.5%
    Property Shares6.3%
    Utilities3.9%
    Government Bonds3.3%
  • Convertibles94.4%
    Spanish Corporate Fixed Interest4.4%
    Cash & Cash Equivalents1.3%
    Foreign Exchange-0%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%-0.4%0.2%-3.1%12.5%40.5%
Sector0.4%-0.4%1.3%-0.6%6.7%29.8%
Rank within sector16 / 7338 / 7353 / 7360 / 729 / 6110 / 51
Quartile1st3rd3rd4th1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-2.6%8.7%4.2%9%16.4%
Sector-0.1%2.9%2.3%11.7%10.9%
Rank within sector59 / 725 / 6718 / 6135 / 547 / 51
Quartile4th1st2nd3rd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
1.61
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.98
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
6.5
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.33
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.46
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.73
Price movement
52 week high12.53
52 week low11.6
Current bid price-
Current offer price-
Current mid price12.2
Region
1France21.84%
2Germany18.97%
3UK11.18%
4Italy6.53%
5Mexico5.85%
6Spain4.35%
7Switzerland3.97%
8Europe3.93%
9South Africa3.36%
Industry sector
1Financials52.28%
2Industrials32.51%
3Property Shares6.25%
4Utilities3.89%
5Government Bonds3.33%
6Others1.24%
7Mortgage & Secured Bonds0.5%
Asset type
1Convertibles94.41%
2Spanish Corporate Fixed Interest4.35%
3Cash & Cash Equivalents1.25%
4Foreign Exchange-0.01%
Individual holdings
1AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR1000005.8%
2SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD2500004.4%
3PARPUBLICA-PARTICPACOES PUBLIC SGPS 5.25% CNV BDS 28/09/17(GALP ENERGIA SGPS3.3%
4RAG STIFTUNG 0% CNV BDS 18/02/21(EVONIK)EUR1000003%
5UNIBAIL-RODAMCO 0% CNV BDS 01/07/21 EUR1002.9%
6MNV ZRT 3.375% 02/04/192.7%
7TECHNIP 0.25% CNV BDS 01/01/17(TECHNIP)EUR96.092.7%
8STEINHOFF FINANCE HOLDING GMBH 1.25% GTD CNV BDS 21/10/23(STEINHOFF)EUR2.5%
9TELECOM ITALIA 1.125% 26/03/222.4%
Management
Fund manager group
Aberdeen
Fund manager company
Aberdeen Global Services S.A.
Fund type
Offshore Fund
Fund objective
The Fund’s investment objective is to achieve an attractive level of total return with the majority of the Fund being invested in convertible securities from issuers domiciled in Europe, or in convertible securities which convert into securities of issuers domiciled in Europe or into convertible securities which are listed on a European Stock Exchange.
Benchmark
  • Thomson Reuters Europe Convertible Bond Index
Investment style
None
Investment method
Convertibles
Fund manager
NameSinceBiography
Convertibles Team26/09/2010
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Gibraltar, Hungary, Ireland, Italy, Jersey, Liechtenstein, Luxembourg, Netherlands, Offshore, Singapore, Sweden
Aberdeen Global II European Convertibles Bond A2
Initial charge6.38%
Annual charge1.2%
Min single investment£5,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price17.1145
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCW84
Aberdeen Global II European Convertibles Bond I1
Initial charge6.38%
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.9131
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0YP1
Aberdeen Global II European Convertibles Bond I2
Initial charge6.38%
Annual charge0.7%
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price1907.2447
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCY73
Aberdeen Global II European Convertibles Bond X2
Initial charge-
Annual charge0.7%
Min single investment£5,000
Min regular saving£1,500
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.1964
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGWPS
Aberdeen Global II European Convertibles Bond Z2
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0687
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1JY
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