Fact sheet: DB Platinum IV Basso

Fund information
Fund name
DB Platinum IV Basso R1C-U USD
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund manager
  • Basso Capital Management, L.P.since 27/02/2015
Fund objective
DB Platinum IV Basso (the “Fund”) is an open-ended UCITS compliant fund that seeks to achieve risk adjusted returns by investing and trading in debt, equity, options, derivative contracts and securities instruments with an emphasis on convertible, exchangeable equity linked securities. This is generally bonds, preferred stock or mandatorily convertible preferred securities and related instruments that the investment manager believes are appropriate to hedge certain exposures in a portfolio. The Investment Manager of the Fund is Basso Capital Management, L.P. (“Basso”). The Fund follows a convertible arbitrage investment strategy whereby the fund will typically offset a long position in a convertible security with the short sale of the company’s underlying common stock in an attempt to limit total downside risk. Although Basso from time-to-time engages in opportunistic trades as the market warrants, its core investment philosophy focuses on bottoms-up, fundamental analysis of issuers and the terms of their securities. Basso believes that its limited reliance on models and emphasis on underlying fundamentals, structures and dislocations set it apart from its peer group that trades similar strategies. It is Basso’s perception that many of its peers invest in trades focusing primarily on model outputs and giving limited, if any weight to fundamentals, idiosyncratic risk and structural opportunities. Financial contracts (derivatives) may be used for investment purposes and to aim to reduce inflation, interest rate and/or foreign currency exposure in respect of the assets (hedging). Derivatives may also be used to try to increase returns by increasing the exposure to certain investments (leverage). The leverage is not expected to exceed 900% of the value of the Fund but may be higher in a low market volatility environment.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Quick stats
1 Year return
1.6%
1 Year rank in sector
40/126
Sector
FO Hedge/Stru Prod - Mixed
Yield
-
Fund size
£179m (£144m 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.
66
Top in this sector
Fund name1 Year
Veritas Global Real Return25.5%
Nordea 1 Alpha 1525.1%
La Fayette Holdings22%
Pimco GIS Stk Pl16.6%
Nordea 1 Multi-Asset16.2%
...more in FO Hedge/Stru Prod - Mixed

Performance snapshot

Holdings snapshot

  • USA34.3%
    Japan20.9%
    UK6.3%
    Norway5.3%
    China4.7%
  • Communications22.1%
    Industrials21.7%
    Financials21.4%
    Cyclical Consumer Goods8.4%
    Technology7.6%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.4%2.7%1.6%--
Sector-0.2%1%0.3%-0.7%5.8%7.2%
Rank within sector19 / 14033 / 14436 / 14140 / 126--
Quartile1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund1.7%----
Sector-0.2%-0.6%5.1%1.4%1.9%
Rank within sector48 / 133----
Quartile2nd
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 high10250.06
52 week low9875.64
Current bid price-
Current offer price-
Current mid price10238.69
Region
1USA34.27%
2Japan20.86%
3UK6.28%
4Norway5.33%
5China4.69%
6Taiwan4.54%
7Mexico4.53%
8United Arab Emirates3.51%
9Netherlands2.96%
Industry sector
1Communications22.07%
2Industrials21.69%
3Financials21.43%
4Cyclical Consumer Goods8.38%
5Technology7.62%
6Non-Cyclical Consumer Goods6.5%
7Basic Materials5.34%
8Utilities4.54%
9Others4.45%
Asset type
No data available.
Individual holdings
1AMERICA MOVIL SAB DE CV4.53%
2MAGYAR NEMZETI VAGYONKEZELO3.34%
3YAMADA DENKI CO3%
4LIBERTY INTERACTIVE CORP2.99%
5CEZ MH BV2.84%
6INMARSAT2.74%
7SILICONWARE PRECISION INDUSTRIES CO2.74%
8JAPAN AIRPORT TERMINAL CO2.63%
9SINA CORP2.56%
Management
Fund manager group
DWS Investment
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund objective
DB Platinum IV Basso (the “Fund”) is an open-ended UCITS compliant fund that seeks to achieve risk adjusted returns by investing and trading in debt, equity, options, derivative contracts and securities instruments with an emphasis on convertible, exchangeable equity linked securities. This is generally bonds, preferred stock or mandatorily convertible preferred securities and related instruments that the investment manager believes are appropriate to hedge certain exposures in a portfolio. The Investment Manager of the Fund is Basso Capital Management, L.P. (“Basso”). The Fund follows a convertible arbitrage investment strategy whereby the fund will typically offset a long position in a convertible security with the short sale of the company’s underlying common stock in an attempt to limit total downside risk. Although Basso from time-to-time engages in opportunistic trades as the market warrants, its core investment philosophy focuses on bottoms-up, fundamental analysis of issuers and the terms of their securities. Basso believes that its limited reliance on models and emphasis on underlying fundamentals, structures and dislocations set it apart from its peer group that trades similar strategies. It is Basso’s perception that many of its peers invest in trades focusing primarily on model outputs and giving limited, if any weight to fundamentals, idiosyncratic risk and structural opportunities. Financial contracts (derivatives) may be used for investment purposes and to aim to reduce inflation, interest rate and/or foreign currency exposure in respect of the assets (hedging). Derivatives may also be used to try to increase returns by increasing the exposure to certain investments (leverage). The leverage is not expected to exceed 900% of the value of the Fund but may be higher in a low market volatility environment.
Benchmark
  • No Specified Index
Investment style
Multi Strategy
Investment method
Mixed
Fund manager
NameSinceBiography
Basso Capital Management, L.P.27/02/2015
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCIS, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
DB Platinum IV Basso I1C-E EUR
Initial charge-
Annual charge1.34%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.74
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSBZ
DB Platinum IV Basso I1C-E EUR USD
Initial charge-
Annual charge1.34%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.63
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSBY
DB Platinum IV Basso I1C-U USD
Initial charge-
Annual charge1.34%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.09
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSCE
DB Platinum IV Basso I2C-E EUR
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.73
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSCC
DB Platinum IV Basso I2C-E EUR USD
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.75
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSCB
DB Platinum IV Basso I3C-C CHF
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.09
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTCQ
DB Platinum IV Basso I3C-C CHF USD
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.5
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTCP
DB Platinum IV Basso I3C-E EUR
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.1
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTCN
DB Platinum IV Basso I3C-E EUR USD
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.04
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTCM
DB Platinum IV Basso I3C-U USD
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.91
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTCO
DB Platinum IV Basso I4C-E EUR
Initial charge-
Annual charge1.04%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.32
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWDO
DB Platinum IV Basso I4C-E EUR USD
Initial charge-
Annual charge1.04%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.16
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWDN
DB Platinum IV Basso I4C-U USD
Initial charge-
Annual charge1.04%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.39
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFWDP
DB Platinum IV Basso R1C-E EUR
Initial charge5%
Annual charge2.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10094.36
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSBX
DB Platinum IV Basso R1C-E EUR USD
Initial charge5%
Annual charge2.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11373.82
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSBW
DB Platinum IV Basso R1C-U USD
Initial charge5%
Annual charge2.05%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10238.69
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSCD
DB Platinum IV Basso R3C-E EUR
Initial charge5%
Annual charge1.55%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10148.1
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8QW
DB Platinum IV Basso R3C-E EUR USD
Initial charge5%
Annual charge1.55%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11434.37
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8QX
DB Platinum IV Basso R3C-U USD
Initial charge5%
Annual charge1.55%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10212.44
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8KL
DB Platinum IV Basso R4C-E EUR
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10184.42
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8QY
DB Platinum IV Basso R4C-E EUR USD
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11475.29
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8QZ
DB Platinum IV Basso R4C-G GBP
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10225.43
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8RA
DB Platinum IV Basso R4C-G GBP USD
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13265.45
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8RB
DB Platinum IV Basso R4C-U USD
Initial charge-
Annual charge0.84%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10249.7
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE8KM
Data provided by

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