Fact sheet: CS Inv2CS(L)GblBlcConvtlBd

Fund information
Fund name
CS Investment 2 CS (Lux) Global Balanced Convertible Bond B USD
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund manager
  • Zurich Convertible Bonds Teamsince 19/10/2009
Fund objective
The fund provides an actively managed exposure to global convertibles as a most efficient multi-asset class strategy involving equity, credit and volatility on a globally diversified basis, with the aim of achieving superior risk-adjusted returns. The risk profile is comparable to that of a classic balanced fund. The fund invests mainly in convertible securities issued by public and private issuers. Traditional bonds, equity and structured products may be held in complement. Investments are made globally with no restrictions as to country or currency.
Benchmark
  • Thomson Reuters CV Gl. Focus (TR)
Investment style
Active
Investment method
Convertibles
Quick stats
1 Year return
1%
1 Year rank in sector
42/71
Sector
FO Convertible
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.
1.4%
Fund size
£319m (£350m 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.
75
Top in this sector
Fund name1 Year
Man Convertibles Am10.5%
Franklin Gl Cnvtl Secrts8.4%
CQS Global Convertible UCITS7.8%
HAM Gbl Convtbl Bd6.8%
Calamos Gbl Convtl Opps6.3%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • International99.4%
    Money Market0.6%
  • Information Technology19.9%
    Industrials17.8%
    Financials17.3%
    Consumer Discretionary15.8%
    Health Care9.1%
  • Global Fixed Interest99.4%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%3.7%2.3%1%6.9%29.5%
Sector0.3%2.7%2.9%1.8%8.6%31.5%
Rank within sector55 / 7439 / 7449 / 7442 / 7140 / 6231 / 51
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.8%2.2%3.2%11.5%9.7%
Sector0.2%2.9%2.3%11.7%10.9%
Rank within sector48 / 7342 / 6827 / 6224 / 5635 / 52
Quartile3rd3rd2nd2nd3rd
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.
-0.18
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%.
5.93
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.
1.49
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.
-0.18
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.
0.94
Price movement
52 week high138.29
52 week low125.38
Current bid price-
Current offer price-
Current mid price134.2
Region
1International99.36%
2Money Market0.64%
Industry sector
1Information Technology19.94%
2Industrials17.79%
3Financials17.32%
4Consumer Discretionary15.75%
5Health Care9.05%
6Others8.93%
7Energy5.61%
8Consumer Staples4.97%
9Cash & Cash Equivalents0.64%
Asset type
1Global Fixed Interest99.36%
2Money Market0.64%
Individual holdings
1TESLA MOTORS INC 0.25% NTS 01/03/19 USD10002.14%
2SIEMENS FINANCIERINGSMAAT NV 1.05% BDS 16/08/17 USD2500001.99%
3CTRIP.COM 01/07/201.97%
4INTEL CORP 2.95% CNV BDS 15/12/35 USD1.91%
5MICROCHIP TECHNOLOGY 1.625% CNV BDS 15/02/25 USD1000 144A1.91%
6SUZUKI MOTOR CORP 0% CNV BDS 31/03/23 JPY100000001.87%
7CITRIX SYSTEMS INC 0.5% CNV BDS 15/04/19 USD1000144A1.7%
8SALESFORCE.COM INC 0.25% CNV BDS 01/04/18 USD1000 144A1.53%
9LVMH MOET HENNESSY VUITTON SE 0% CNV BDS 16/02/21 USD2501.5%
Management
Fund manager group
Credit Suisse
Fund manager company
Credit Suisse Fund Management
Fund type
Offshore Fund
Fund objective
The fund provides an actively managed exposure to global convertibles as a most efficient multi-asset class strategy involving equity, credit and volatility on a globally diversified basis, with the aim of achieving superior risk-adjusted returns. The risk profile is comparable to that of a classic balanced fund. The fund invests mainly in convertible securities issued by public and private issuers. Traditional bonds, equity and structured products may be held in complement. Investments are made globally with no restrictions as to country or currency.
Benchmark
  • Thomson Reuters CV Gl. Focus (TR)
Investment style
Active
Investment method
Convertibles
Fund manager
NameSinceBiography
Zurich Convertible Bonds Team19/10/2009The portfolio is managed by a team of experienced investment professionals who are based in Zurich. The fund is managed according to the team's view on security selection, equity sectors, equity sensitivity, credit, and duration. The team includes several portfolio managers who contribute to the co-management of the fund according to their area of expertise.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
CS Investment 2 CS (Lux) Global Balanced Convertible Bond B USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price134.2
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUZ6
CS Investment 2 CS (Lux) Global Balanced Convertible Bond BH CHF
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price127.24
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHRP9
CS Investment 2 CS (Lux) Global Balanced Convertible Bond BH EUR
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price131.99
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGXR3
CS Investment 2 CS (Lux) Global Balanced Convertible Bond DB USD
Initial charge-
Annual charge0.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.07%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price1452.92
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI9A6
CS Investment 2 CS (Lux) Global Balanced Convertible Bond EB USD
Initial charge3%
Annual charge0.42%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price1203.51
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4VH
CS Investment 2 CS (Lux) Global Balanced Convertible Bond EBH CHF
Initial charge3%
Annual charge0.42%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price988.6
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKOA
CS Investment 2 CS (Lux) Global Balanced Convertible Bond EBH EUR
Initial charge3%
Annual charge0.42%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price1189.8
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAAFM
CS Investment 2 CS (Lux) Global Balanced Convertible Bond IA USD
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price1104.36
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFANR
CS Investment 2 CS (Lux) Global Balanced Convertible Bond IB USD
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price1274.68
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF44B
CS Investment 2 CS (Lux) Global Balanced Convertible Bond IBH CHF
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price1237.93
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIRF0
CS Investment 2 CS (Lux) Global Balanced Convertible Bond IBH EUR
Initial charge3%
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price1347.23
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUZ7
CS Investment 2 CS (Lux) Global Balanced Convertible Bond UB USD
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price98.49
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSFV
CS Investment 2 CS (Lux) Global Balanced Convertible Bond UBH CHF
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price96.05
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSFW
CS Investment 2 CS (Lux) Global Balanced Convertible Bond UBH EUR
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price97.11
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSFX
Data provided by

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