Fact sheet: Candriam Bds Convrt Def

Fund information
Fund name
Candriam Bonds Convertible Defensive Classique Cap EUR
Fund manager company
Candriam
Fund type
Offshore Fund
Fund manager
  • Olivier GENESTsince 30/06/2013
Fund objective
Candriam Bonds Global Convertible Optimum is a UCITS IV fund valuated on a daily basis, mainly invested in convertible bonds with a maturity of less than 5 years.The fund has a conservative investment profile, with internationally balanced geographical exposure and positions on companies with solid balance sheets (mainly AAA-BBB investment grade issuers). Issues in currencies other than the euro are hedged for currency risk.
Benchmark
  • EONIA
Investment style
Target Maturity
Investment method
Convertibles
Quick stats
1 Year return
-1.4%
1 Year rank in sector
37/72
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.
0.99%
Fund size
£359m (£353m 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 Am9.4%
CQS Global Convertible UCITS5.3%
Oaktree OaktreGbCnvBd3.5%
Franklin Gl Cnvtl Secrts3.4%
HAM Gbl Convtbl Bd2.9%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • France23.1%
    Japan15.7%
    Others15.7%
    USA14.8%
    Germany9.7%
  • Financials16.2%
    Industrials15.6%
    Technology12.5%
    Consumer Goods9.2%
    Utilities8.7%
  • French Fixed Interest23.1%
    Global Fixed Interest15.7%
    Japanese Fixed Interest15.7%
    US Fixed Interest14.8%
    German Fixed Interest9.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-1.1%-0.2%-1.4%4.4%14.1%
Sector0.4%-0.9%1.1%-1.1%6.3%28.8%
Rank within sector55 / 7348 / 7355 / 7337 / 7243 / 6149 / 51
Quartile4th3rd4th3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-1.1%3.1%1.6%4.6%6.1%
Sector-0.5%2.9%2.3%11.7%10.9%
Rank within sector45 / 7229 / 6745 / 6151 / 5448 / 51
Quartile3rd2nd3rd4th4th
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.
0.3
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.
0.57
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%.
3.38
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.
2.69
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.
-0.17
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.
0.9
Price movement
52 week high127.27
52 week low122.14
Current bid price-
Current offer price-
Current mid price125.71
Region
1France23.08%
2Japan15.73%
3Others15.73%
4USA14.79%
5Germany9.7%
6Money Market5.8%
7Italy3.77%
8Spain3.11%
9Netherlands3.01%
Industry sector
1Financials16.2%
2Industrials15.64%
3Technology12.53%
4Consumer Goods9.23%
5Utilities8.67%
6Others7.91%
7Telecommunications7.54%
8Oil & Gas6.12%
9Basic Materials5.84%
Asset type
1French Fixed Interest23.08%
2Global Fixed Interest15.73%
3Japanese Fixed Interest15.73%
4US Fixed Interest14.79%
5German Fixed Interest9.7%
6Money Market5.8%
7Italian Fixed Interest3.77%
8Spanish Fixed Interest3.11%
9Dutch Fixed Interest3.01%
Individual holdings
1SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD2500003.23%
2TECHNIP 0.25% CNV BDS 01/01/17(TECHNIP)EUR96.093.13%
3UNIBAIL-RODAMCO 0% CNV BDS 01/01/22 EUR13.05%
4MICHELIN(CIE GLE DES ETABL.) 0% CNV BDS 01/01/17 EUR10002.64%
5AXA 3.75% CNV BDS 1/1/2017 EUR165.52.61%
6AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR1000002.46%
7SHIZUOKA BANK 0% 20182.25%
8STM 0% 20192.09%
9DEUTSCHE POST AG 1.5% MTN 09/10/18 EUR10002.01%
Management
Fund manager group
Dexia Asset Management
Fund manager company
Candriam
Fund type
Offshore Fund
Fund objective
Candriam Bonds Global Convertible Optimum is a UCITS IV fund valuated on a daily basis, mainly invested in convertible bonds with a maturity of less than 5 years.The fund has a conservative investment profile, with internationally balanced geographical exposure and positions on companies with solid balance sheets (mainly AAA-BBB investment grade issuers). Issues in currencies other than the euro are hedged for currency risk.
Benchmark
  • EONIA
Investment style
Target Maturity
Investment method
Convertibles
Fund manager
NameSinceBiography
Olivier GENEST30/06/2013Olivier Genest has been head of convertible bond management at Candriam since 2013. He started his career as a convertible arbitrage trader at Bank CPR in 1993, joining Candriam in 2000 as a convertible arbitrage fund manager. In 2011 he became a global macro hedge fund manager, and was appointed to his current position two years later. Olivier has a Master’s degree in Science and Executive Engineering from the École des Mines de Paris.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Portugal
Candriam Bonds Convertible Defensive Classique Cap EUR
Initial charge2.5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.71
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeHFF6
Candriam Bonds Convertible Defensive Classique Dis EUR
Initial charge2.5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.58
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHFF7
Candriam Bonds Convertible Defensive I Cap EUR
Initial charge-
Annual charge0.35%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1578.34
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGGXF
Candriam Bonds Convertible Defensive I Dis EUR
Initial charge-
Annual charge0.35%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1608.26
CurrencyEUR
Price updated29/04/2015
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGGXE
Candriam Bonds Convertible Defensive Lock Cap EUR
Initial charge2.5%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.51
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFR0M
Candriam Bonds Convertible Defensive N Cap EUR
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.18
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGGXG
Candriam Bonds Convertible Defensive Z Cap EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1488.8
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGGXC
Candriam Bonds Convertible Defensive Z Dis EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGGXD
Data provided by

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