Fact sheet: GAM Star (Lux) Convtl Alp

Fund information
Fund name
GAM Star (Lux) Convertible Alpha EUR
Fund manager company
GAM Star (Lux)
Fund type
Offshore Fund
Fund manager
  • Jonathan Stanfordsince 02/01/2008
Fund objective
Aims to provide absolute returns, reducing risk in case of a downturn, while maintaining substantial equity exposure on the upside by investing primarily in convertible bonds and in structures that replicate the payoff of a convertible bond.
Benchmark
  • Thomson Reuters Global Focus Inv Grade (Hedged) CHF CB
Investment style
Absolute Return
Investment method
Convertibles
Quick stats
1 Year return
4%
1 Year rank in sector
31/128
Sector
FO Absolute Return
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.
1.86%
Fund size
£115m (£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.
60
Top in this sector
Fund name1 Year
SW Mitchell Emerging European19.1%
Pioneer SICV-AbsRetBd14%
BlackRock SFAmDfEAbslRn13%
Orbis Optimal SA11.7%
Polar Capital UK Abs Eq11.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%4.8%4.2%4%4.1%23.3%
Sector0%1.6%1.4%0.5%3.9%10.7%
Rank within sector61 / 13811 / 13721 / 13531 / 12830 / 7811 / 60
Quartile2nd1st1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund2.1%2.2%-2.5%7.6%13.6%
Sector0.5%0.7%1.2%3.6%3.9%
Rank within sector44 / 13235 / 11675 / 8820 / 714 / 62
Quartile2nd2nd4th2nd1st
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.
-1.29
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.
2.21
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%.
4.89
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.
3.41
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.
0.12
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 high122.91
52 week low111.37
Current bid price-
Current offer price-
Current mid price122.47
Region
No data available.
Industry sector
1Fixed Interest91.1%
2Equities1%
3Futures-43.5%
Asset type
1Bond91.1%
2International Equities1%
3Futures-43.5%
Individual holdings
1CEMEX S.A.B. DE C.V. 3.75% CNV BDS 15/03/18 USD1000002.3%
2JINKOSOLAR HLDG CO LTD 4% CNV BDS 01/02/19 USD1000 144A2.3%
3LARSEN & TOUBRO .675% CNV 2019-10-222.3%
4ON SEMICONDUCTOR CORP 1% CNV BDS 01/12/20 USD1000 144A2.3%
5INDRA SISTEMAS S.A 1.75% CNV BDS 17/10/18 EUR1000002.2%
6ROYAL GOLD INC 2.875% CNV BDS 15/06/19 USD10002.2%
7TWITTER INC 0.25% CNV BDS 15/09/19 USD10002.2%
8YANDEX NV 1.125% CNV NTS 15/12/18 USD1000144A2.2%
9STILLWATER MINING CO 1.75% CNV BDS 15/10/32 USD10002.1%
Management
Fund manager group
No data available.
Fund manager company
GAM Star (Lux)
Fund type
Offshore Fund
Fund objective
Aims to provide absolute returns, reducing risk in case of a downturn, while maintaining substantial equity exposure on the upside by investing primarily in convertible bonds and in structures that replicate the payoff of a convertible bond.
Benchmark
  • Thomson Reuters Global Focus Inv Grade (Hedged) CHF CB
Investment style
Absolute Return
Investment method
Convertibles
Fund manager
NameSinceBiography
Jonathan Stanford02/01/2008Jonathan Stanford is a Senior Fund Manager in the non-directional equity team, and manages a global convertible bond fund. He joined GAM following its acquisition of the equity hedge specialist, GAM Investment Management Lugano SA (formerly Arkos Capital SA), in July 2012. Prior to joining Arkos in September 2007, Mr Stanford was an executive director at the investment banking division of UBS, responsible for convertible bond sales for institutional clients in Switzerland, Italy and southern Europe. Before that, he was a portfolio manager at Banca Commerciale Italiana (Suisse) in Lugano and Zurich, Switzerland. Mr Stanford holds a BA in International Management from Franklin College, Switzerland, and an MBA in International Management from Long Island University, New York. He is based in Lugano, Switzerland.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Spain, Finland, United Kingdom, Italy, Liechtenstein, Luxembourg, Norway, Offshore, Sweden
GAM Star (Lux) Convertible Alpha C USD
Initial charge3%
Annual charge1.5%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price109.17
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ9JO
GAM Star (Lux) Convertible Alpha CHF
Initial charge3%
Annual charge1.5%
Min single investment£13,000
Min regular saving£6,500
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price115.63
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG51A
GAM Star (Lux) Convertible Alpha D CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.18
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU1A
GAM Star (Lux) Convertible Alpha D EUR
Initial charge3%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price100.99
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU1B
GAM Star (Lux) Convertible Alpha D USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.82%
Bid price-
Offer price-
Mid price101.62
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMU1C
GAM Star (Lux) Convertible Alpha EUR
Initial charge3%
Annual charge1.5%
Min single investment£10,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.81%
Bid price-
Offer price-
Mid price122.47
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD1K4
GAM Star (Lux) Convertible Alpha Inst CHF
Initial charge3%
Annual charge1%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMW2V
GAM Star (Lux) Convertible Alpha Inst EUR
Initial charge3%
Annual charge1%
Min single investment£2,000,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.86%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price108.2
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ9JP
Data provided by

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