Fact sheet: JB Absolute Return Com

Fund information
Fund name
JB Absolute Return Com C USD
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Christian Gerlachsince 30/08/2012
  • Fabien Webersince 30/08/2012
Fund objective
The fund invests in accordance with the "absolute return approach" predominantly in standardised traded commodities futures. The investment aim is to achieve positive yields regardless of market trends. To this end, the fund mainly pursues six different strategies within the commodity universe. The fund enables investors to delegate investment decisions to experienced specialists.
Benchmark
  • ICE LIBOR CHF 3 Months
Investment style
Absolute Return
Investment method
Futures
Quick stats
1 Year return
-3.2%
1 Year rank in sector
90/97
Sector
FO Commodity & Energy
Yield
-
Fund size
£55m
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.
78
Top in this sector
Fund name1 Year
EGI Earth Gold105.7%
LLB Craton Cap Precious Metal82.5%
LLB Craton Capital Gbl Res71.1%
Baring Global Mining62.7%
SIA Long Term Invest Nat Res51.5%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

  • Not Specified100%
  • Energy44.6%
    Fishery, Agriculture & Forestry16.5%
    Materials14.9%
    Soft Commodities13.6%
    Industrial Commodities6%
  • Commodity & Energy100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-2.5%-5.3%-3.2%5.6%-
Sector0.9%1.8%6.7%15.7%-11.3%-23%
Rank within sector76 / 9880 / 10090 / 10090 / 9723 / 89-
Quartile4th4th4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund-6.6%5.5%6.7%-2.2%-
Sector20.9%-19.8%-9%-6.6%-3.4%
Rank within sector94 / 989 / 9713 / 8935 / 83-
Quartile4th1st1st2nd
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.
2.22
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.
-0.11
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%.
5.41
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.
16.7
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.
0.48
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.
0.08
Price movement
52 week high110.54
52 week low100.59
Current bid price-
Current offer price-
Current mid price100.59
Region
1Not Specified100%
Industry sector
1Energy44.6%
2Fishery, Agriculture & Forestry16.5%
3Materials14.9%
4Soft Commodities13.6%
5Industrial Commodities6%
6Precious Metals & Stones4.4%
Asset type
1Commodity & Energy100%
Individual holdings
1 US TREASURY BONDS32.8%
2PROVINCE OF ONTARIO CANADA1.86%
3AUSTRALIA & NEW ZEALAND BANKING GRP1.84%
4WESTPAC BANKING CORP1.84%
5PROV OF BRITISH COLUMBIA 0.95874% 10/05/20121.83%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund invests in accordance with the "absolute return approach" predominantly in standardised traded commodities futures. The investment aim is to achieve positive yields regardless of market trends. To this end, the fund mainly pursues six different strategies within the commodity universe. The fund enables investors to delegate investment decisions to experienced specialists.
Benchmark
  • ICE LIBOR CHF 3 Months
Investment style
Absolute Return
Investment method
Futures
Fund managers
NameSinceBiography
Christian Gerlach30/08/2012Christian Gerlach is a Portfolio Manager within the commodities Team. Prior to joining GAM Group in January 2010, he was head of commodity research at Dow Jones & Company, advising industrial companies in Europe on raw material risk management. Prior to that, he worked at Diapason Commodity Management in Switzerland, where his primary responsibilities were product management and market analysis. Christian Gerlach holds a MSc in Global Economic History from the London School of Economics & Political Science and an MA in Contemporary History from the University of Fribourg. He is based in Zurich.
Fabien Weber30/08/2012Fabien Weber is a Portfolio Manager of the Julius Baer Commodity Fund. He joined GAM Group in July 1997. Prior to assuming his current position, he was fund manager for convertible bonds and responsible for the bond nostro portfolio of Julius Baer. Furthermore, he defines and implements the commodity allocation of the Julius Baer pension fund. He started his career at UBS in Geneva in 1993. He holds a Master's degree in Finance and Economics from the University of Geneva and is a CFA Charterholder. He is based in Zurich.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Norway, Offshore
JB Absolute Return Com A EUR
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price90.44
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF2QE
JB Absolute Return Com A USD
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price97.61
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF2QD
JB Absolute Return Com B CHF
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price94.14
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFU9K
JB Absolute Return Com B EUR
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price95.46
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2QG
JB Absolute Return Com B USD
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price97.73
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2QF
JB Absolute Return Com C CHF
Initial charge5%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price95.41
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLWY
JB Absolute Return Com C EUR
Initial charge5%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price98.23
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2QI
JB Absolute Return Com C USD
Initial charge5%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price100.59
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2QH
Data provided by

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