Fact sheet: Deutsche Inv I Convrtbls

Fund information
Fund name
Deutsche Invest I Convertibles NC
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund managers
  • Christian Hillesince 31/05/2011
Fund objective
The fund provides access to a diversified global convertibles investment universe. By investing in classic vanilla convertibles the fund has a stringent pure approach. The targeted investment horizon is between 3-5 years. In order to provide a convex and therefore preferable risk-return profile, the fund invests primarily in convertibles with a medium delta. Currency risk is systematically hedged (except for the share class FC (CE)).
Benchmark
  • No Specified Index
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
-3.3%
1 Year rank in sector
62/72
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.
1.69%
Fund size
£2,239m (£3,427m 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.
37
Top in this sector
Fund name1 Year
Man Convertibles Am10.3%
CQS Global Convertible UCITS6.2%
Franklin Gl Cnvtl Secrts4.4%
Oaktree OaktreGbCnvBd4.1%
Calamos Gbl Convtl Opps3.3%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Others69.3%
    Europe & Middle East15.8%
    Japan8.2%
    Money Market4.7%
    Asia Pacific ex Japan2%
  • Fixed Interest97.9%
    Money Market2.1%
  • Global Fixed Interest85.1%
    Japanese Fixed Interest8.2%
    Money Market4.7%
    Asia Pacific ex Japan Fixed Interest2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%-0.4%-0.5%-3.3%6%29%
Sector0.4%-0.4%1.3%-0.6%6.7%29.8%
Rank within sector46 / 7337 / 7364 / 7362 / 7239 / 6128 / 51
Quartile3rd3rd4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-3.4%2.7%5.4%15%7.9%
Sector-0.1%2.9%2.3%11.7%10.9%
Rank within sector64 / 7240 / 6711 / 6110 / 5442 / 51
Quartile4th3rd1st1st4th
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.
1.01
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%.
5.91
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.
1.56
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.
-0.19
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.
0.93
Price movement
52 week high161.85
52 week low149.24
Current bid price156.37
Current offer price158.75
Current mid price-
Region
1Others69.3%
2Europe & Middle East15.8%
3Japan8.2%
4Money Market4.7%
5Asia Pacific ex Japan2%
Industry sector
1Fixed Interest97.9%
2Money Market2.1%
Asset type
1Global Fixed Interest85.1%
2Japanese Fixed Interest8.2%
3Money Market4.7%
4Asia Pacific ex Japan Fixed Interest2%
Individual holdings
1AMÉRICA MÓVIL/KONINKLIJKE KPN 28.05.20203.4%
2SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD2500003%
3MICROCHIP TECHNOLOGY 1.625% CNV BDS 15/02/25 USD1000 144A2.4%
4TOTAL SA 0.50% 12/20222%
5SUZUKI MOTOR CORP 0% CNV BDS 31/03/23 JPY100000001.9%
6UNICHARM CO 0% CNV BDS 25/09/20 JPY100000001.7%
7RED HAT INC 0.25% BDS 01/10/19 USD10001.6%
8STMICROELECTRONICS (reg. -S-) 0%/14-03.07.20191.6%
9STEINHOFF FINANCE HOLDING GMBH 1.25% CNV BDS 11/08/22 EUR100000 REG S1.5%
Management
Fund manager group
DWS Investment
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund objective
The fund provides access to a diversified global convertibles investment universe. By investing in classic vanilla convertibles the fund has a stringent pure approach. The targeted investment horizon is between 3-5 years. In order to provide a convex and therefore preferable risk-return profile, the fund invests primarily in convertibles with a medium delta. Currency risk is systematically hedged (except for the share class FC (CE)).
Benchmark
  • No Specified Index
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Christian Hille31/05/2011Christian Hille is a Portfolio Manager and Head of Absolute Return and Fixed Income Solutions: Frankfurt. Prior to joining the company in 2007, he had 12 years of experience as a Director at UBS Investment Bank, as a Director at Nomura International PLC, and as a Manager at Arthur Andersen. Did MSc (first class honors with distinction) in Mathematical Finance from Oxford University and a MSc in Physics from Technical University Clausthal.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
Deutsche Invest I Convertibles DH RD GBP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)0.77%
Bid price163.46
Offer price163.46
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeHTX8
Deutsche Invest I Convertibles FC
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.74%
Bid price178.2
Offer price178.2
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDX76
Deutsche Invest I Convertibles FC (CE)
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.74%
Bid price142.53
Offer price142.53
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF0CN
Deutsche Invest I Convertibles FCH CHF
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.77%
Bid price129.3
Offer price129.3
Mid price-
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09W2
Deutsche Invest I Convertibles FCH SEK
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price999.79
Offer price999.79
Mid price-
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE09U
Deutsche Invest I Convertibles FCH USD
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.77%
Bid price169.7
Offer price169.7
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeR583
Deutsche Invest I Convertibles FD
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price106.97
Offer price106.97
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFF6S
Deutsche Invest I Convertibles LC (CE)
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price117.92
Offer price121.56
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKDG
Deutsche Invest I Convertibles LC EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.28%
Bid price165.04
Offer price170.14
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDX77
Deutsche Invest I Convertibles LCH CHF
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price101.83
Offer price104.98
Mid price-
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFIFM
Deutsche Invest I Convertibles LCH SEK
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price994.3
Offer price1025.05
Mid price-
CurrencySEK
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE09V
Deutsche Invest I Convertibles LCH USD
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.31%
Bid price161.8
Offer price170.32
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeR584
Deutsche Invest I Convertibles LD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.29%
Bid price157.7
Offer price162.58
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDX78
Deutsche Invest I Convertibles NC
Initial charge1.5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.68%
Bid price156.37
Offer price158.75
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDX79
Deutsche Invest I Convertibles PFC
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.11%
Bid price100.03
Offer price100.03
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK4E
Deutsche Invest I Convertibles RC
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price100.69
Offer price100.69
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE87J
Deutsche Invest I Convertibles RC (CE)
Initial charge-
Annual charge0.65%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price102.92
Offer price102.92
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNFYI
Deutsche Invest I Convertibles RCH CHF
Initial charge-
Annual charge0.65%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price101.4
Offer price101.4
Mid price-
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9WB
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