Fact sheet: JB German Focus Stock

Fund information
Fund name
JB German Focus Stock C
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund manager
  • Oliver Maslowskisince 31/08/2007
Fund objective
The fund follows a value-based approach, investing primarily in German stocks the investment adviser regards as good value in terms of fundamental valuation criteria (price-to-book, price-earnings, price-cash flow, price-sales, etc.). The fund is suitable for risk-aware equity investors with a long-term approach, who are convinced of the medium to long-term economic potential of Germany and who would like to invest in a portfolio assembled on the basis of the "value" method.
Benchmark
  • Composite DAX Index (CDAX) GD
Investment style
Value
Investment method
Shares
Quick stats
1 Year return
-10%
1 Year rank in sector
71/91
Sector
FO Equity - Europe Single Country
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.
1.13%
Fund size
£89m (£128m 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.
108
Top in this sector
Fund name1 Year
Pictet Russian Equities68.4%
HSBC GIF Russia Equity53.8%
Baring Russia52.4%
Pictet Russia Index48.5%
East Capital Russia30.2%
...more in FO Equity - Europe Single Country

Performance snapshot

Holdings snapshot

  • Germany98.1%
    Money Market1.9%
  • Consumer Discretionary25.2%
    Industrials14.4%
    Financials13%
    Health Care12.2%
    Information Technology10.1%
  • German Equities98.1%
    Money Market1.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-0.9%-0.1%-10%16.4%83.6%
Sector-1%-0.4%2.5%-0.4%14.6%56.8%
Rank within sector60 / 9346 / 9354 / 9371 / 9134 / 8227 / 77
Quartile3rd2nd3rd4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-6.8%13.9%8%28.1%26.6%
Sector3.6%9.2%1.7%17.5%18.4%
Rank within sector72 / 9340 / 8943 / 8225 / 7914 / 77
Quartile4th2nd3rd2nd1st
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 high425.66
52 week low341.3
Current bid price-
Current offer price-
Current mid price384.04
Region
1Germany98.1%
2Money Market1.9%
Industry sector
1Consumer Discretionary25.22%
2Industrials14.43%
3Financials13.02%
4Health Care12.17%
5Information Technology10.05%
6Materials9.55%
7Telecommunications Utilities6.71%
8Consumer Staples3.11%
9Real Estate2.57%
Asset type
1German Equities98.1%
2Money Market1.9%
Individual holdings
1SIEMENS AG9.79%
2BAYER AG7.63%
3DEUTSCHE TELEKOM AG6.55%
4DAIMLER AG6.45%
5BAYERISCHE MOTOREN WERKE AG5.91%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund follows a value-based approach, investing primarily in German stocks the investment adviser regards as good value in terms of fundamental valuation criteria (price-to-book, price-earnings, price-cash flow, price-sales, etc.). The fund is suitable for risk-aware equity investors with a long-term approach, who are convinced of the medium to long-term economic potential of Germany and who would like to invest in a portfolio assembled on the basis of the "value" method.
Benchmark
  • Composite DAX Index (CDAX) GD
Investment style
Value
Investment method
Shares
Fund manager
NameSinceBiography
Oliver Maslowski31/08/2007Oliver Maslowski joined Julius Baer in January 2006. He is fund manager for European equities. Previously, he was a buy-side analyst for global industrials at Julius Baer Private Banking Investment Research. Before joining Julius Baer he worked for Bank Vontobel as a sell-side equity analyst working in Cologne and Zurich. During that time he also carried out financial due diligence of several IPOs and capital increases in Germany and Switzerland. He holds a Masters degree in Business Administration from the Ludwig-Maximilians-University of Munich and is Certified International Investment Analyst (CIIA).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Spain, Estonia, France, United Kingdom, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Peru, Singapore, Sweden
JB German Focus Stock A
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.9%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price222.17
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJG76
JB German Focus Stock B
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.9%
Bid price-
Offer price-
Mid price339.08
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJG75
JB German Focus Stock C
Initial charge5%
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price384.04
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJH16
JB German Focus Stock E
Initial charge5%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.64%
Total expense ratio (TER)2.65%
Bid price-
Offer price-
Mid price187.64
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJE43
Data provided by

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