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 USD 1 Month
Investment style
Absolute Return
Investment method
Convertibles
Quick stats
1 Year return
7.5%
1 Year rank in sector
18/132
Sector
FO Absolute Return
Yield
-
Fund size
£441m (£251m 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.
19
Top in this sector
Fund name1 Year
SW Mitchell Emerging European27.4%
SWMC UK23.5%
Polar Capital UK Abs Eq21.7%
SWMC European17.3%
F&C Ml Strat Gbl Eq16.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • USA54.8%
    China10.7%
    Others9.5%
    UK6.6%
    Netherlands5.3%
  • Technology23.9%
    Financials20.6%
    Industrials12.7%
    Consumer Discretionary11.4%
    Real Estate8.1%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1.2%1.6%7.5%7.4%21.1%
Sector0.3%0.9%1.3%2.7%3.6%9.2%
Rank within sector67 / 14859 / 14851 / 13818 / 13220 / 8912 / 66
Quartile2nd2nd2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.7%6.5%1.8%-0.5%6%
Sector1.4%0.7%0.7%1.2%3.6%
Rank within sector57 / 14613 / 12735 / 11260 / 8720 / 72
Quartile2nd1st2nd3rd2nd
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.
1.34
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.
0.97
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%.
3.59
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.
3.12
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.
0.4
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.
0.24
Price movement
52 week high136.54
52 week low126.59
Current bid price-
Current offer price-
Current mid price136.06
Region
1USA54.82%
2China10.72%
3Others9.45%
4UK6.61%
5Netherlands5.27%
6Singapore4.2%
7United Arab Emirates2.57%
8Malaysia1.8%
9Korea1.62%
Industry sector
1Technology23.88%
2Financials20.61%
3Industrials12.66%
4Consumer Discretionary11.38%
5Real Estate8.08%
6Health Care7.74%
7Hedge4.66%
8Materials3.21%
9Utilities3.14%
Asset type
No data available.
Individual holdings
1NXP SEMICONDUCTORS NV 1% NTS 01/12/19 USD1000 144A5.74%
2MICROCHIP TECHNOLOGY 1.625% CNV BDS 15/02/25 USD10004.03%
3YY INC 2.25% CNV BDS 01/04/19 USD10003.2%
4STILLWATER MINING CO 1.75% CNV BDS 15/10/32 USD10003.06%
5IAS OPER PARTNERSHIP 5% CNV BDS 15/03/18 USD10002.74%
6KINGSOFT CORP LTD 1.25 4/11/20192.74%
7CTRIP COM INTERNATIONAL 1.25% CNV BDS 15/10/18 USD10002.73%
8SOLARCITY CORP 2.75% NTS 01/11/18 USD10002.73%
9OLD REPUBLIC INTERNATIONAL CORP 3.75% CNV BDS 15/03/18 USD20002.43%
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 USD 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 price11.4516
CurrencyEUR
Price updated26/04/2017
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 price136.0603
CurrencyUSD
Price updated26/04/2017
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 price105.5157
CurrencyUSD
Price updated26/04/2017
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 price114.9189
CurrencyEUR
Price updated26/04/2017
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 price129.0969
CurrencyGBP
Price updated26/04/2017
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 price103.1681
CurrencyCHF
Price updated26/04/2017
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 price130.9308
CurrencyEUR
Price updated26/04/2017
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 price10.9907
CurrencyUSD
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7EU
Aviva Investors Global Convertibles Absolute Return Ryh EUR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0131
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNTQC
Aviva Investors Global Convertibles Absolute Return Ryh GBP
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.0136
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNTQD
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 price1324.3144
CurrencyGBP
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code03K3
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.