Fact sheet: Heritam SICAV Equinox

Fund information
Fund name
Heritam SICAV Equinox I GBP
Fund manager company
FundPartner Solutions(Eur)S.A.
Fund type
Offshore Fund
Fund manager
  • Coriolis Capital Limitedsince 10/09/2015
Fund objective
The HERITAM SICAV Equinox Fund invests exclusively in Catastrophe Bonds (Cat Bonds), a type of Insurance-Linked Securities. Cat Bonds have an exposure mainly to natural catastrophes and offer floating rate returns with little or no correlation to the financial markets. They are low volatility instruments with minimal credit risk as the collateral involved in Cat Bonds is invested in highly rated securities e.g. US Treasuries. The probability of a default in a Cat Bond is based on the likelihood of clearly defined catastrophes. By investing in a broadly diversified portfolio, the fund will seek to minimise any systemic risk or large drawdowns while offering stable returns to investors.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Global High Yield
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.
1.6%
Fund size
£27m (£11m last year)
Top in this sector
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Natixis LoomsSyles HInc19.9%
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Nomura Gbl Hgh Yld Bd11.7%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-----
Sector-0.7%0.3%4.9%7.7%9.1%34%
Rank within sector24 / 84-----
Quartile2nd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector9.7%-2.5%1.4%5.2%15.5%
Rank within sector-----
Quartile
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 high100
52 week low99.81
Current bid price-
Current offer price-
Current mid price99.85
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
FundPartner Solutions
Fund manager company
FundPartner Solutions(Eur)S.A.
Fund type
Offshore Fund
Fund objective
The HERITAM SICAV Equinox Fund invests exclusively in Catastrophe Bonds (Cat Bonds), a type of Insurance-Linked Securities. Cat Bonds have an exposure mainly to natural catastrophes and offer floating rate returns with little or no correlation to the financial markets. They are low volatility instruments with minimal credit risk as the collateral involved in Cat Bonds is invested in highly rated securities e.g. US Treasuries. The probability of a default in a Cat Bond is based on the likelihood of clearly defined catastrophes. By investing in a broadly diversified portfolio, the fund will seek to minimise any systemic risk or large drawdowns while offering stable returns to investors.
Benchmark
No data available.
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Coriolis Capital Limited10/09/2015Coriolis’s 18 year track record (including two years of proprietary trading) is one of the longest in the industry. The two principals are pioneers in ILS and have been working together for 24 years, with the rest of the team having worked together for at least 10 years. Coriolis trades in all ILS products. A constant search for the best spread for a given range of Expected Losses and the use of a detailed diversification matrix have enabled Coriolis’s funds to perform better than average whilst avoiding large drawdowns and side-pockets. The CEO, board members and traders in the team are co-invested in the funds, aligning their interests with investors. Coriolis Capital Limited (based in London) was founded in 2003 following a friendly management buyout from Société Générale which continues to act as the administrator, trustee and independent valuation agent to many of the company’s other funds.
Compliance
Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Luxembourg, Offshore
Heritam SICAV Equinox I EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.81
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9RM
Heritam SICAV Equinox I GBP
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.85
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1VM
Heritam SICAV Equinox I USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.57
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7FS
Heritam SICAV Equinox P CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.87%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.06
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXCM
Heritam SICAV Equinox P EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.81
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXCN
Heritam SICAV Equinox P USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.94%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.26
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXCO
Data provided by

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