Fact sheet: EDRF Eur Covts

Fund information
Fund name
EDRF Europe Convertibles R EUR
Fund manager company
Edmond de Rothschild Asset Man
Fund type
Offshore Fund
Fund managers
  • Kris Deblandersince 31/08/2009
  • Laurent Le Grinsince 23/11/2010
Fund objective
The objective is to grow the value of its assets in the medium term (3 to 5 years). The assets of the Sub-Fund are predominantly, but not exclusively, invested in convertible or exchangeable bonds with underlying assets in the eurozone. The Sub-Fund seeks to optimise the risk/return ratio over the specified period by diversifying its sources of return –underlying assets, sector, coupon, issuer, interest rate and currency –based on a systematic analysis of the various exposures.
Benchmark
  • Exane Euro Convertibles Index (EUR)
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
0.2%
1 Year rank in sector
61/71
Sector
FO Convertible
Yield
-
Fund size
£787m (£915m 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.
59
Top in this sector
Fund name1 Year
Man Convertibles Am13.8%
Franklin Gl Cnvtl Secrts11.1%
CQS Global Convertible UCITS8.9%
Calamos Gbl Convtl Opps8.6%
UBS (L)BdSICConGb€7.2%
...more in FO Convertible

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%3.6%1.1%0.2%4.9%30%
Sector0.2%4.1%3%2.4%8.5%30.6%
Rank within sector69 / 7440 / 7460 / 7461 / 7149 / 6226 / 51
Quartile4th3rd4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-1.8%3.3%0.4%12.4%16.4%
Sector0.1%2.9%2.3%11.7%10.9%
Rank within sector56 / 7324 / 6854 / 6222 / 568 / 52
Quartile4th2nd4th2nd1st
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.
-0.61
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.
0.9
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%.
6.17
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.
3.27
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.
-0.31
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.
0.73
Price movement
52 week high155.29
52 week low140.83
Current bid price-
Current offer price-
Current mid price149.37
Region
No data available.
Industry sector
1Non-Rated33.8%
2BBB32.9%
3BB13.2%
4A13.1%
5Others3.3%
6Money Market2.7%
7B1%
Asset type
1Global Fixed Interest97.3%
2Money Market2.7%
Individual holdings
1AMERICA MOVIL ECH KPN 2023.2%
2TELECOM ITALIA 1.125% 2023.2%
3UNIBAIL-RODAMCO 0% CNV BDS 01/07/21 EUR1003.2%
4AGSBB 0 08/29/493.1%
5AIRFP 0 06/14/213.1%
Management
Fund manager group
No data available.
Fund manager company
Edmond de Rothschild Asset Man
Fund type
Offshore Fund
Fund objective
The objective is to grow the value of its assets in the medium term (3 to 5 years). The assets of the Sub-Fund are predominantly, but not exclusively, invested in convertible or exchangeable bonds with underlying assets in the eurozone. The Sub-Fund seeks to optimise the risk/return ratio over the specified period by diversifying its sources of return –underlying assets, sector, coupon, issuer, interest rate and currency –based on a systematic analysis of the various exposures.
Benchmark
  • Exane Euro Convertibles Index (EUR)
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Kris Deblander31/08/2009Kris Deblander is a graduate of the Solvay Business School. In 1997, after spending a year in research at Brussels University, he joined Fortis Investment Management in Brussels to be in charge of structured product development and management. In 2002, he joined Fortis Investment Management Paris as co-manager of European Convertible Bonds. For over 6 years he took an active part in developing Convertible Bond funds both geographically Europe/Asia/World and in terms of investment techniques (Convertible arbitrage funds). In 2006, he was appointed Deputy CIO Convertible Bonds. He was in charge of convertible arbitrage funds and jointly responsible for fifteen portfolios including mandates for French and international institutional clients. Kris Deblander joined EDRAM in november 2008.
Laurent Le Grin23/11/2010Laurent Le Grin is Senior Portfolio Manager for European Convertible Bond fund, since 2002 he was managing BNP Paribas Investment Partners (Fortis Investments), Paris, he also worked as Head of Risk Control in BGL Asset Management for two years from 2000-2002, and also been Portfolio manager for BGL during 1998-2000. Grin worked as Mutual fund audits and derivatives pricing in Auditor Deloitte & Touche Luxemburg during 1997-1998. Grin is qualified has Certificate for Financial Advisers, DEA of Economy (Paris II), Master in Economy (Paris II), and also Graduate and Member of the French Association of Financial Analysts (SFAF)
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Peru, Singapore, Sweden, Taiwan - Province Of China
EDRF Europe Convertibles A EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.13%
Bid price-
Offer price-
Mid price574.27
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDXV9
EDRF Europe Convertibles A Hedged USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.97
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMGNL
EDRF Europe Convertibles A USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price95.75
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMRG3
EDRF Europe Convertibles B EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.75
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code05ES
EDRF Europe Convertibles C EUR
Initial charge3%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.46
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKZZN
EDRF Europe Convertibles I EUR
Initial charge-
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.83%
Bid price-
Offer price-
Mid price152.98
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDXW0
EDRF Europe Convertibles J EUR
Initial charge-
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price111.63
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code05ER
EDRF Europe Convertibles K EUR
Initial charge-
Annual charge0.7%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.34%
Bid price-
Offer price-
Mid price135.03
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG5S3
EDRF Europe Convertibles N EUR
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.12
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKX1B
EDRF Europe Convertibles O EUR
Initial charge-
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.02
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMCPF
EDRF Europe Convertibles R EUR
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.33%
Bid price-
Offer price-
Mid price149.37
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEUZ5
EDRF Europe Convertibles R USD
Initial charge3%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price93.75
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code05EQ
Data provided by

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