Fact sheet: CS 1Lux Ctgt Cap Eur

Fund information
Fund name
CS 1 (Lux) Contingent Capital Euro QB EUR
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund manager
  • Roger Wysssince 05/01/2015
Fund objective
The fund aims to generate both income and capital growth, while seeking to preserve capital through adequate diversification. To achieve this objective the fund invests at least two-thirds of its assets in contingent capital securities and other hybrid, subordinated financial instruments issued by financial institutions.
Benchmark
  • CB CS (Lux) Contingent Capital Euro Fund USD
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
6.5%
1 Year rank in sector
3/34
Sector
FO Fixed Int - EUR
Yield
-
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.
1.21%
Fund size
£53m (£74m 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.
76
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv8.3%
Nordea 1 European Fin Debt6.8%
CS 1Lux Ctgt Cap Eur6.5%
Union Quoniam Sel SICV€Cr5.5%
Morg Stnly Euro Stragic Bd5.4%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Others16.8%
    UK15.7%
    Germany10.5%
    France10.4%
    Sweden10.4%
  • Convertibles73.4%
    Others25.7%
    Cash & Cash Equivalents0.9%
  • Global Fixed Interest16.8%
    UK Fixed Interest15.7%
    German Fixed Interest10.5%
    French Fixed Interest10.4%
    Swedish Fixed Interest10.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%1.8%4.8%6.5%--
Sector0.3%-0.9%-0.6%2.3%9.4%22.3%
Rank within sector3 / 352 / 353 / 353 / 34--
Quartile1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund0.3%4.6%---
Sector-0.2%2.6%0%7.7%1.5%
Rank within sector4 / 344 / 34---
Quartile1st1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1084.53
52 week low937.41
Current bid price-
Current offer price-
Current mid price1083.38
Region
1Others16.79%
2UK15.66%
3Germany10.51%
4France10.41%
5Sweden10.41%
6Netherlands9.91%
7Switzerland9.12%
8USA8.33%
9Spain4.46%
Industry sector
1Convertibles73.38%
2Others25.74%
3Cash & Cash Equivalents0.88%
Asset type
1Global Fixed Interest16.79%
2UK Fixed Interest15.66%
3German Fixed Interest10.51%
4French Fixed Interest10.41%
5Swedish Fixed Interest10.41%
6Dutch Fixed Interest9.91%
7Swiss Fixed Interest9.12%
8US Fixed Interest8.33%
9Spanish Fixed Interest4.46%
Individual holdings
1CREDIT SUISSE 6.250 18.12.243.81%
2HSBC HLDGS 5.25% BDS 16/09/22 EUR2000003.51%
3LLOYDS TSB 6.375 27/06/203.33%
4ABN AMRO BK 5.750 22/09/203.32%
5NORDEA BANK 5.500 23.09.193%
6SEB 5.500 13.05.202.98%
7DANSKE BANK 5.750 06/04/202.95%
8BARCLAYS 8.00% 15/12/20202.91%
9SOCIÉTÉ GÉNÉRALE 6.750 07/04/212.88%
Management
Fund manager group
Credit Suisse
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund objective
The fund aims to generate both income and capital growth, while seeking to preserve capital through adequate diversification. To achieve this objective the fund invests at least two-thirds of its assets in contingent capital securities and other hybrid, subordinated financial instruments issued by financial institutions.
Benchmark
  • CB CS (Lux) Contingent Capital Euro Fund USD
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Roger Wyss05/01/2015Roger Wyss is Portfolio Manager and Credit Analyst for Swiss Franc Bonds as well as for credit related products like mezzanine loans and mortgages. He is a member of the Swiss Fixed Income investment decision committee. Before joining Credit Suisse in April 2006, Roger was relationship manager for structured loans at Zürcher Kantonalbank. Roger Wyss studied Business Administration at Zürcher Hochschule Winterthur, holds a degree in Corporate Finance from the Insititute for Financial Services Zug and is a CFA charterholder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Norway, Offshore
CS 1 (Lux) Contingent Capital Euro DBH USD
Initial charge-
Annual charge0.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price1083.28
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUUW
CS 1 (Lux) Contingent Capital Euro QB EUR
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price1083.38
CurrencyEUR
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQUJ
CS 1 (Lux) Contingent Capital Euro QBH CHF
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price1065.94
CurrencyCHF
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQUK
CS 1 (Lux) Contingent Capital Euro QBH USD
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price1098.57
CurrencyUSD
Price updated13/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQUL
Data provided by

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