Fact sheet: DB Platinum Ivry Optml

Fund information
Fund name
DB Platinum Ivory Optimal R1C-E EUR USD
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund manager
  • Ivory Investment Management, L.P.since 13/04/2014
Fund objective
DB Platinum Ivory Optimal (the “Fund”) is an open-ended UCITS compliant fund that seeks capital growth via high, risk adjusted absolute returns with low correlation to market indices through a long and short investment strategy. The Investment Manager of the Fund is Ivory Investment Management L.P. (“Ivory”). The Fund invests generally in publiclytraded U.S. shares but may invest a portion of its assets globally. The strategy is based on fundamental bottom-up research to determine fundamental value of long and short positions. Ivory aims to achieve its investment objectives primarily by purchasing securities trading at prices below their fundamental value; conversely, selling short securities trading at prices above such fundamental value. The returns are expected to be derived from individual security selection (“alpha”) as opposed to overall market exposure (“beta”). In particular, Ivory aims to capitalize on situations in which factors other than a security's fundamental value unduly influence its trading price. In selecting core long positions, Ivory focuses on securities of companies with misperceived business models generating excess economic returns that, while currently misunderstood by the marketplace, will likely be revalued over a reasonable time horizon. Ivory seeks to invest in companies with valuable franchises, positive industry dynamics, strong management, solid asset protection or a willingness among insiders to increase shareholder value. In selecting core short positions, Ivory generally seeks to identify companies with deteriorating fundamentals, competitive pressures, weakening balance sheets and declining, or even negative, free cash flows. 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 increase returns by increasing the exposure to certain investments (leverage). The leverage is not expected to exceed 400% of the value of the Fund.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Quick stats
1 Year return
-5.4%
1 Year rank in sector
77/109
Sector
FO Hedge/Stru Prod - Equity
Yield
-
Fund size
£248m (£411m 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
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Income Partners AllSeasnAsCred18.5%
Ennismore Eurpn Smallar Cos16.7%
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Performance snapshot

Holdings snapshot

  • North America17.3%
    International1.7%
    Asia1.4%
    South America0.4%
    Europe-1.4%
  • Communications19%
    Technology16.2%
    Non-Cyclical Consumer Goods5.7%
    Basic Materials5.1%
    Energy2.3%
  • No data available.

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-3%-2.3%-5.4%--
Sector-0.1%0.1%0.5%-2.6%3%14.3%
Rank within sector83 / 112106 / 12787 / 12077 / 109--
Quartile3rd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-6.5%-18.6%---
Sector-2.1%2.7%2.5%7.1%3.9%
Rank within sector87 / 11094 / 94---
Quartile4th4th
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 high10490.39
52 week low9545.41
Current bid price-
Current offer price-
Current mid price9669.21
Region
1North America17.28%
2International1.72%
3Asia1.41%
4South America0.43%
5Europe-1.38%
6Pacific Rim-2.22%
Industry sector
1Communications18.96%
2Technology16.22%
3Non-Cyclical Consumer Goods5.67%
4Basic Materials5.11%
5Energy2.25%
6Commodity & Energy1.72%
7Financials1.44%
8Cyclical Consumer Goods1.14%
9Industrials-5.94%
Asset type
No data available.
Individual holdings
1COMCAST CABLE COMMUNICATIONS LLC6.5%
2APPLE INC6.24%
3LIBERTY INTERACTIVE CORP6.16%
4ALLERGAN PLC5.93%
5ADVANCE AUTO PARTS INC5.78%
6YAHOO INC4.36%
7WESTERN DIGITAL CORP3.97%
8VIVENDI3.91%
9MARVELL TECH GROUP3.88%
Management
Fund manager group
DWS Investment
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund objective
DB Platinum Ivory Optimal (the “Fund”) is an open-ended UCITS compliant fund that seeks capital growth via high, risk adjusted absolute returns with low correlation to market indices through a long and short investment strategy. The Investment Manager of the Fund is Ivory Investment Management L.P. (“Ivory”). The Fund invests generally in publiclytraded U.S. shares but may invest a portion of its assets globally. The strategy is based on fundamental bottom-up research to determine fundamental value of long and short positions. Ivory aims to achieve its investment objectives primarily by purchasing securities trading at prices below their fundamental value; conversely, selling short securities trading at prices above such fundamental value. The returns are expected to be derived from individual security selection (“alpha”) as opposed to overall market exposure (“beta”). In particular, Ivory aims to capitalize on situations in which factors other than a security's fundamental value unduly influence its trading price. In selecting core long positions, Ivory focuses on securities of companies with misperceived business models generating excess economic returns that, while currently misunderstood by the marketplace, will likely be revalued over a reasonable time horizon. Ivory seeks to invest in companies with valuable franchises, positive industry dynamics, strong management, solid asset protection or a willingness among insiders to increase shareholder value. In selecting core short positions, Ivory generally seeks to identify companies with deteriorating fundamentals, competitive pressures, weakening balance sheets and declining, or even negative, free cash flows. 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 increase returns by increasing the exposure to certain investments (leverage). The leverage is not expected to exceed 400% of the value of the Fund.
Benchmark
  • No Specified Index
Investment style
Long/Short
Investment method
Equity
Fund manager
NameSinceBiography
Ivory Investment Management, L.P.13/04/2014
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, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
DB Platinum Ivory Optimal I1C-C CHF
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 price87.26
CurrencyCHF
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKSN
DB Platinum Ivory Optimal I1C-C 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 price86.06
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKUK
DB Platinum Ivory Optimal I1C-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 price90.89
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKRQ
DB Platinum Ivory Optimal I1C-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 price96.52
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKRP
DB Platinum Ivory Optimal I1C-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 price89.97
CurrencyGBP
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKSM
DB Platinum Ivory Optimal I1C-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 price112.52
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKUJ
DB Platinum Ivory Optimal I1C-S SEK
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 price84.71
CurrencySEK
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKRT
DB Platinum Ivory Optimal I1C-S SEK 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 price9.21
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKRS
DB Platinum Ivory Optimal I1C-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 price94.75
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKRR
DB Platinum Ivory Optimal I2C-U USD
Initial charge-
Annual charge0.59%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.91
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKRW
DB Platinum Ivory Optimal I4C-E EUR
Initial charge-
Annual charge0.59%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.91
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKSB
DB Platinum Ivory Optimal I4C-E EUR USD
Initial charge-
Annual charge0.59%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.85
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFKSA
DB Platinum Ivory Optimal I5C-C CHF
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price88.34
CurrencyCHF
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMYU
DB Platinum Ivory Optimal I5C-C USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price87.12
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMYV
DB Platinum Ivory Optimal I5C-E EUR
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price90.72
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMYS
DB Platinum Ivory Optimal I5C-E USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.34
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMYT
DB Platinum Ivory Optimal I5C-G GBP
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.01
CurrencyGBP
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMYQ
DB Platinum Ivory Optimal I5C-G USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price127.58
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMYR
DB Platinum Ivory Optimal I5C-U USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price92.64
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMYX
DB Platinum Ivory Optimal R1C-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 price9105.15
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKRM
DB Platinum Ivory Optimal R1C-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 price9669.21
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKRN
DB Platinum Ivory Optimal R1C-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 price9392.66
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKRO
DB Platinum Ivory Optimal R5C-C CHF
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8710.21
CurrencyCHF
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMYO
DB Platinum Ivory Optimal R5C-C USD
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8589.95
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMYP
DB Platinum Ivory Optimal R5C-E EUR
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8897.83
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMYM
DB Platinum Ivory Optimal R5C-E USD
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9449.05
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMYN
DB Platinum Ivory Optimal R5C-G GBP
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9012.19
CurrencyGBP
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMYL
DB Platinum Ivory Optimal R5C-G USD
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11271.55
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMYK
DB Platinum Ivory Optimal R5C-U USD
Initial charge5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9080.56
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFMYW
DB Platinum Ivory Optimal R6C-C CHF
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9384.65
CurrencyCHF
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE23G
DB Platinum Ivory Optimal R6C-C CHF USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9255.08
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE23H
DB Platinum Ivory Optimal R6C-E EUR
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9484.98
CurrencyEUR
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE23I
DB Platinum Ivory Optimal R6C-E EUR USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10072.57
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE23J
DB Platinum Ivory Optimal R6C-G GBP
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9158.83
CurrencyGBP
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNEY
DB Platinum Ivory Optimal R6C-G GBP USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11454.95
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNIN
DB Platinum Ivory Optimal R6C-U USD
Initial charge-
Annual charge0.69%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9286.93
CurrencyUSD
Price updated29/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNIS
Data provided by

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