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
  • Tania Minellasince 28/08/2012
  • Enzo Puntillosince 02/07/2012
  • Nielsen Dorthe Fredsgaardsince 28/08/2012
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
8%
1 Year rank in sector
143/218
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 (£16m 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.
78
Top in this sector
Fund name1 Year
Aberdeen Global II EMTlRB480%
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Pictet Lat Am Lcl Cur Dt36%
Ashmore EMHghYldCrDb29.9%
Gramercy Allct Emg Mket Debt27%
...more in FO Fixed Int - Emerging Markets

Performance snapshot

Holdings snapshot

  • International98.6%
    Money Market1.4%
  • Industrials13.8%
    Oil & Gas12.9%
    Telecom, Media & Technology12.9%
    Financials11.5%
    Consumer Goods11.4%
  • Global Fixed Interest98.6%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%2.4%0.2%8%15.9%-
Sector0.6%4.4%1.2%9.5%5.8%5.9%
Rank within sector196 / 234189 / 233143 / 225143 / 21854 / 175-
Quartile4th4th3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.1%9.1%0.3%5.1%-1.5%
Sector4.1%10.2%-7.3%-0.6%-7%
Rank within sector194 / 233114 / 21743 / 20144 / 16914 / 124
Quartile4th3rd1st2nd1st
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.
4.01
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.
0.55
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.
0.34
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%.
4.4
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.
3.71
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.
0.89
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.
0.86
Price movement
52 week high120.69
52 week low111.4
Current bid price-
Current offer price-
Current mid price120.37
Region
1International98.57%
2Money Market1.43%
Industry sector
1Industrials13.84%
2Oil & Gas12.93%
3Telecom, Media & Technology12.92%
4Financials11.51%
5Consumer Goods11.44%
6Utilities10.96%
7Real Estate9.37%
8Government Bonds5.62%
9Infrastructure5.18%
Asset type
1Global Fixed Interest98.57%
2Money Market1.43%
Individual holdings
1US TREASURY BILLS5.62%
2ISRAEL ELECTRIC CORP1.66%
3CORP FIN DE DESARROLLO SA1.61%
4MEXICHEM SAB DE CV1.59%
5ENGIE ENERGIA CHILE SA1.58%
6KOC HLDG1.58%
7PCCW HKT CAPITAL NO 5 LTD1.58%
8ONGC VIDESH LTD1.57%
9CEMENTOS PROGRESO TRUST1.52%
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
Tania Minella28/08/2012
Enzo Puntillo02/07/2012Enzo Puntillo is Head of the Fixed Income team and Portfolio Manager Fixed Income Emerging Markets. Prior to joining GAM Group in October 2005, he managed institutional bond and fund mandates at UBS Global Asset Management in Zurich with a focus on global emerging market debt and crossover products. Prior to that he was a fixed income trader at Paribas. Enzo Puntillo holds a degree in Business Administration and Economics from the University of Applied Science of Basel and he is a Certified European Financial Analyst (CEFA). He is based in Zurich.
Nielsen Dorthe Fredsgaard28/08/2012
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 price95.93
CurrencyCHF
Price updated22/03/2017
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 price98.09
CurrencyEUR
Price updated22/03/2017
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 price101.27
CurrencyUSD
Price updated22/03/2017
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 price111.42
CurrencyCHF
Price updated22/03/2017
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 price113.82
CurrencyEUR
Price updated22/03/2017
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 price117.34
CurrencyUSD
Price updated22/03/2017
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 price114.26
CurrencyCHF
Price updated22/03/2017
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 price116.67
CurrencyEUR
Price updated22/03/2017
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 price120.37
CurrencyUSD
Price updated22/03/2017
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 price100.73
CurrencyEUR
Price updated22/03/2017
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 price111.26
CurrencyEUR
Price updated22/03/2017
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 price114.69
CurrencyUSD
Price updated22/03/2017
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 price93.57
CurrencyEUR
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF24F
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