Fact sheet: JB BF EM Corporate Bond

Fund information
Fund name
JB BF Emerging Markets Corporate Bond C USD
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Enzo Puntillosince 01/07/2012
  • Nielsen Dorthe Fredsgaardsince 27/08/2012
  • Tania Minellasince 27/08/2012
Fund objective
The fund invests in an actively managed and globally diversified portfolio of corporate bonds from emerging markets, which are predominantly denominated in USD. The fund provides access to the strongly growing segment of corporate bonds from emerging markets. The fund is suitable for long-term-oriented investors, who wish to benefit from the improved borrower quality of companies from emerging markets and who are interested in higher bond yields but can accept correspondingly higher price fluctuations.
Benchmark
  • JPM CEMBI Diversified Hedged CHF
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.4%
1 Year rank in sector
73/217
Sector
FO Fixed Int - Emerging Markets
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.
0.9%
Fund size
£18m (£17m 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.
77
Top in this sector
Fund name1 Year
UBS (L)BdSIC-Brazil$35.7%
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Pictet Lat Am Lcl Cur Dt28.5%
Schroder ISF EmgMktBd27.9%
Pioneer SICV-Emg Mkt Bd26.5%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • International98.6%
    Money Market1.4%
  • Telecom, Media & Technology15.9%
    Industrials15.2%
    Oil & Gas15%
    Financials11.6%
    Utilities10.2%
  • Global Fixed Interest98.6%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.6%-2.8%1.8%6.4%14.1%-
Sector-4.4%-3.7%2.2%5.5%-0.2%5.4%
Rank within sector62 / 22679 / 22495 / 22273 / 21741 / 170-
Quartile2nd2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.8%0.3%5.1%-1.5%-
Sector7.9%-7.3%-0.6%-7%14.7%
Rank within sector91 / 21938 / 20340 / 17317 / 127-
Quartile2nd1st1st1st
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.
4.44
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.
0.54
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.
0.22
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%.
4.37
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.
3.88
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.
1.16
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.
0.83
Price movement
52 week high120.32
52 week low106.39
Current bid price-
Current offer price-
Current mid price116.39
Region
1International98.57%
2Money Market1.43%
Industry sector
1Telecom, Media & Technology15.93%
2Industrials15.17%
3Oil & Gas14.97%
4Financials11.55%
5Utilities10.18%
6Real Estate9.99%
7Consumer Goods8.81%
8Infrastructure5.51%
9Others3.33%
Asset type
1Global Fixed Interest98.57%
2Money Market1.43%
Individual holdings
1US TREASURY BILLS 0%5.59%
2LUKOIL INTERNATIONAL FINANCE BV 4.563% NTS 24/04/23 USD200000144A1.69%
3RELIANCE HOLDINGS USA INC 5.4% BDS 14/02/22 USD1000 144A1.65%
4ALFA BANK OJSC 7,750%1.59%
5SBERBANK 6,125%1.54%
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 an actively managed and globally diversified portfolio of corporate bonds from emerging markets, which are predominantly denominated in USD. The fund provides access to the strongly growing segment of corporate bonds from emerging markets. The fund is suitable for long-term-oriented investors, who wish to benefit from the improved borrower quality of companies from emerging markets and who are interested in higher bond yields but can accept correspondingly higher price fluctuations.
Benchmark
  • JPM CEMBI Diversified Hedged CHF
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Enzo Puntillo01/07/2012Born in Basle, Switzerland, Enzo Puntillo gained his master's degree in Business Administration and Economics at his hometown university. Enzo also holds the CEFA qualification. His career started in 1993 at Paribas and in 1999 he joined UBS Brinson Asset Management where he started his portfolio management career. He currently runs global fixed income funds for Swiss & Global and is an investor in his own strategies. Enzo incorporates a top down view in his investment strategy. Besides his career his interests are skiing, theatre and music.
Nielsen Dorthe Fredsgaard27/08/2012
Tania Minella27/08/2012
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Cyprus, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Singapore, Sweden
JB BF Emerging Markets Corporate Bond A CHF
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price93.57
CurrencyCHF
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23V
JB BF Emerging Markets Corporate Bond A EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price95.51
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23U
JB BF Emerging Markets Corporate Bond A USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price98.09
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF23T
JB BF Emerging Markets Corporate Bond B CHF
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price108.68
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF23Y
JB BF Emerging Markets Corporate Bond B EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.42%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price110.81
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF23X
JB BF Emerging Markets Corporate Bond B USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price113.65
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF23W
JB BF Emerging Markets Corporate Bond C CHF
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.89%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price111.26
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF24B
JB BF Emerging Markets Corporate Bond C EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price113.4
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF24A
JB BF Emerging Markets Corporate Bond C USD
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price116.39
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF23Z
JB BF Emerging Markets Corporate Bond CA EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price97.83
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF24C
JB BF Emerging Markets Corporate Bond E EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.92%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price108.48
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF24D
JB BF Emerging Markets Corporate Bond E USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.96%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price111.26
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF24E
JB BF Emerging Markets Corporate Bond EM EUR
Initial charge3%
Annual charge1.2%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.93%
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price92.56
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF24F
Data provided by

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