Fact sheet: JB BF Total Return

Fund information
Fund name
JB BF Total Return B EUR
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Enzo Puntillosince 30/09/2006
  • Bogdan Manescusince 12/03/2010
Fund objective
The fund is suitable for investors wishing to invest in an actively managed global bond portfolio. The aim of the fund is to achieve steady positive returns through interest income and capital gains by investing predominantly in government and corporate bonds worldwide. Dynamic risk allocation is intended to actively increase expected returns, but not risk, over time.
Benchmark
  • BofA ML EMU Direct Gov. Index (1-5 Years)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.7%
1 Year rank in sector
-
Sector
FO Fixed Int - Global
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.
1.09%
Fund size
£453m (£579m 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.
69
Top in this sector
Fund name1 Year
Capital Group GHIOL33.6%
Dodge & Cox Global Bond25.9%
HSBC GIF Gbl AsBk Bd24.3%
Morg Stnly Gbl Mrtg Securts23.8%
Russell Gbl Bd22.8%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • International98.5%
    Money Market1.5%
  • AAA45.7%
    BBB23.8%
    Money Market11.8%
    AA8.8%
    A8.5%
  • Global Fixed Interest98.5%
    Money Market1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-1.1%-0.5%-0.7%0.7%7.1%
Sector-1.8%-2.2%0.6%3.2%5.9%13.5%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund0.4%-2.5%2.7%-1.5%8.2%
Sector3.9%-1.6%3.7%-1.6%8.2%
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.
-0.81
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.
0.56
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%.
2.26
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.
2.04
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.
-0.79
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.
0.48
Price movement
52 week high98.18
52 week low95.86
Current bid price-
Current offer price-
Current mid price96.88
Region
1International98.5%
2Money Market1.5%
Industry sector
1AAA45.67%
2BBB23.81%
3Money Market11.82%
4AA8.82%
5A8.47%
6BB5.66%
7B4.07%
8Non-Rated-8.32%
Asset type
1Global Fixed Interest98.5%
2Money Market1.5%
Individual holdings
1GERMAN TREASURY BILL 0,000%19.85%
2US TREASURY BILLS 0%19.58%
3US TREASURY INFLATION IDX BDS 0,250%6.1%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund is suitable for investors wishing to invest in an actively managed global bond portfolio. The aim of the fund is to achieve steady positive returns through interest income and capital gains by investing predominantly in government and corporate bonds worldwide. Dynamic risk allocation is intended to actively increase expected returns, but not risk, over time.
Benchmark
  • BofA ML EMU Direct Gov. Index (1-5 Years)
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Enzo Puntillo30/09/2006Born 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.
Bogdan Manescu12/03/2010Currently based in Zürich, Bogdan Manescu is a portfolio manager at GAM Group. He joined the company in 2009 and specialises in fixed income. Since 2010 he has managed the Julius Baer BF Total Return fund, and also runs institutional mandates and uses a macro, fundamental investment style. Born in Bucharest in Romania, Manescu has a Master’s degree in econometrics from the University of Technology in Darmstadt, Germany and a PhD from the University of St. Gallen. Bogdan is a member of the CFA Institute and enjoys tennis and skiing outside of work.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Sweden
JB BF Total Return A CHF
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price93.21
CurrencyCHF
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN8B6
JB BF Total Return A EUR
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price40.93
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJG73
JB BF Total Return A USD
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price94.39
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF3QH
JB BF Total Return B CHF
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price102.81
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN8B7
JB BF Total Return B EUR
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price96.88
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJG72
JB BF Total Return B USD
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price101.62
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3VJ
JB BF Total Return C CHF
Initial charge3%
Annual charge0.35%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price105.83
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN8B8
JB BF Total Return C EUR
Initial charge3%
Annual charge0.35%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price104.45
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJA12
JB BF Total Return C USD
Initial charge3%
Annual charge0.35%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price103.69
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3VK
JB BF Total Return Ca EUR
Initial charge3%
Annual charge0.35%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price91.55
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF4WC
JB BF Total Return E EUR
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price112.98
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJE12
JB BF Total Return E USD
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price99.58
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3VL
JB BF Total Return Em EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price90.85
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0SH6
Data provided by

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