Fact sheet: Aviva Investors GblCnv AbRt

Fund information
Fund name
Aviva Investors Global Convertibles Absolute Return I USD
Fund manager company
Aviva Investors Luxembourg SA
Fund type
Offshore Fund
Fund managers
  • Shawn Matosince 01/10/2015
  • David Clottsince 01/10/2015
Fund objective
The objective of the Fund is to earn a positive return on the Shareholder's investment regardless of market conditions (absolute return).
Benchmark
  • LIBOR GBP 1 Month
Investment style
Absolute Return
Investment method
Convertibles
Quick stats
1 Year return
5.8%
1 Year rank in sector
18/128
Sector
FO Absolute Return
Yield
-
Fund size
£125m (£307m 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.
21
Top in this sector
Fund name1 Year
SW Mitchell Emerging European20%
Pioneer SICV-AbsRetBd15%
Polar Capital UK Abs Eq14.3%
BlackRock SFAmDfEAbslRn13.4%
Orbis Optimal SA11%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • USA38.8%
    Others20.1%
    China15.9%
    UK6.8%
    Singapore4.5%
  • Others19.6%
    Financials19%
    Technology17.9%
    Industrials17.5%
    Real Estate10.1%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%3%7%5.8%8.6%27.5%
Sector0.1%1.4%1.6%0.5%3.9%10.9%
Rank within sector20 / 13922 / 1379 / 13518 / 12818 / 7810 / 60
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund6.5%1.8%-0.5%6%12.4%
Sector0.6%0.7%1.2%3.6%3.9%
Rank within sector11 / 13238 / 11661 / 8821 / 715 / 62
Quartile1st2nd3rd2nd1st
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.
0.92
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%.
3.63
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.
3.19
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.
0.45
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.
0.23
Price movement
52 week high133.82
52 week low121.44
Current bid price-
Current offer price-
Current mid price133.75
Region
1USA38.78%
2Others20.14%
3China15.92%
4UK6.77%
5Singapore4.54%
6India3.99%
7Hong Kong3.52%
8United Arab Emirates3.23%
9Korea3.11%
Industry sector
1Others19.6%
2Financials18.97%
3Technology17.91%
4Industrials17.52%
5Real Estate10.08%
6Consumer Discretionary9.06%
7Energy4.72%
8Health Care1.6%
9Hedge0.54%
Asset type
No data available.
Individual holdings
1NUANCE CONVERTIBLE 2.75% 11-01/NOV/315.22%
2CAPITALAND 1.85% CNV BDS 19/06/20 SGD2500004.56%
3ISTAR FINANCIAL INC 1.5% NTS 15/11/16 USD10004.09%
4PROSPECT CAPITAL CORP 5.375% CNV BDS 15/10/17 USD1000 144A4.08%
5LARSEN & TOUBRO 0.675 10/22/19 3.99%
6CHART INDUSTRIES INC(NEW) 2% CNV BDS 01/08/18 USD10003.91%
7KINGSOFT CORP LT 1.25% 14-11/04/2019 CV 11/04/20193.6%
8SHINE POWER INT LTD 0% 2019 28/07/20193.52%
9HELICAL BAR JERSEY LTD 4.00% 17/06/20193.44%
Management
Fund manager group
Aviva
Fund manager company
Aviva Investors Luxembourg SA
Fund type
Offshore Fund
Fund objective
The objective of the Fund is to earn a positive return on the Shareholder's investment regardless of market conditions (absolute return).
Benchmark
  • LIBOR GBP 1 Month
Investment style
Absolute Return
Investment method
Convertibles
Fund managers
NameSinceBiography
Shawn Mato01/10/2015He Joined Investment Industry in 1994.Fund management of any and all convertibles based funds at Morley.Shawn joined Morley in July 2001 and joined Morley's Global Convertible Bond team in June 2004.Previously he was responsible for the analysis of the US technology sector. Prior to joining Morley, he worked at Dresdner Kleinwort Wasserstein as an Equity Research Associate where he covered US technology companies with an emphasis on software. Before this Shawn worked at Deloitte and Touche LLP as a financial consultant and Nomura Securities as a US Government Bond Trader
David Clott01/10/2015David Clott joined the investment industry in 1992 and Aviva Investors in 1999. He looks after the fund management of any and all convertibles based funds at Aviva Investors. David joined Aviva as a US convertible bond manager. He co-founded the global convertibles funds in April, 2002. He began his career with Phoenix Investment Partners in 1992, working initially as an equity analyst and later a convertible securities analyst. He then joined HSB Group in 1998 as a portfolio manager and equity analyst. David holds a BSc in Business Administration and Finance from Bryant College and is a Chartered Financial Analyst. He is a member of the Chartered Financial Analysts Institute and the Boston Society of Financial Analysts.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Aviva Investors Global Convertibles Absolute Return Ah EUR
Initial charge5%
Annual charge1.5%
Min single investment£2,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.4083
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code054A
Aviva Investors Global Convertibles Absolute Return I USD
Initial charge5%
Annual charge0.75%
Min single investment£500,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.7477
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHXF6
Aviva Investors Global Convertibles Absolute Return Ia USD
Initial charge5%
Annual charge0.75%
Min single investment£500,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.9591
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFMGS
Aviva Investors Global Convertibles Absolute Return Iah EUR
Initial charge5%
Annual charge0.75%
Min single investment£500,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.5106
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code053Z
Aviva Investors Global Convertibles Absolute Return Iah GBP
Initial charge5%
Annual charge0.75%
Min single investment£500,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.065
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeHXF8
Aviva Investors Global Convertibles Absolute Return Ih CHF
Initial charge5%
Annual charge0.75%
Min single investment£500,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.6021
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJ5X
Aviva Investors Global Convertibles Absolute Return Ih EUR
Initial charge5%
Annual charge0.75%
Min single investment£500,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.9172
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeHXF7
Aviva Investors Global Convertibles Absolute Return R USD
Initial charge-
Annual charge0.75%
Min single investment£250,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.8029
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7EU
Aviva Investors Global Convertibles Absolute Return Z USD
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)0.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1296.8093
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code03K1
Aviva Investors Global Convertibles Absolute Return Zh GBP
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)0.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1300.1589
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code03K3
Data provided by

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