Fact sheet: JB Multibond Abs Ret Bd Def

Fund information
Fund name
JB Multibond Absolute Return Bond Defender R GBP
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund managers
  • Tim Haywoodsince 31/07/2008
  • Daniel Sheardsince 31/07/2008
Fund objective
The fund invests worldwide in bonds of the most various maturities, credit ratings, countries and currencies, as well as in derivative financial instruments, in accordance with the absolute return approach. The fund allows investors to delegate investment decisions to experienced specialists. The investment aim is to achieve positive yields regardless of market trends.
Benchmark
  • ICE LIBOR GBP 3 Months
Investment style
Absolute Return
Investment method
Fixed Interest, Money Market
Quick stats
1 Year return
0.6%
1 Year rank in sector
-
Sector
FO Absolute Return
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.
0.95%
Fund size
£249m (£571m 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.
12
Top in this sector
Fund name1 Year
SW Mitchell Emerging European17.9%
Pioneer SICV-AbsRetBd15.1%
BlackRock SFAmDfEAbslRn12.9%
Polar Capital UK Abs Eq12.5%
Orbis Optimal SA11.7%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.9%1.4%0.6%-1.3%3.4%
Sector-0%1.4%1.4%0.4%3.9%10.6%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund1.2%-0.6%-1.9%-0.4%4.9%
Sector0.4%0.7%1.2%3.6%3.9%
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.
-1.28
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.
0.67
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%.
2.01
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.
1.67
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.
-1.05
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.
0.4
Price movement
52 week high98.76
52 week low96.22
Current bid price-
Current offer price-
Current mid price98.48
Region
No data available.
Industry sector
1AAA68.77%
2Money Market21.33%
3AA11.53%
4BBB2.35%
5CCC1.17%
6Non-Rated1.1%
7BB0.33%
8B-3.1%
9A-3.48%
Asset type
No data available.
Individual holdings
1GERMANY 0,000%6.19%
2FRANCE 0%4.85%
3GERMANY 3.25%4.73%
4ITALY CCTS EU 0,662%2.52%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund invests worldwide in bonds of the most various maturities, credit ratings, countries and currencies, as well as in derivative financial instruments, in accordance with the absolute return approach. The fund allows investors to delegate investment decisions to experienced specialists. The investment aim is to achieve positive yields regardless of market trends.
Benchmark
  • ICE LIBOR GBP 3 Months
Investment style
Absolute Return
Investment method
Fixed Interest, Money Market
Fund managers
NameSinceBiography
Tim Haywood31/07/2008Tim Haywood is an Investment Director Business-Unit Head for fixed income, responsible for the absolute return bond family of funds and various long only fixed income mandates. Tim joined GAM following its acquisition of the fixed income and foreign exchange specialist, Augustus, in May 2009. He joined Augustus (then Julius Baer Investment Limited) in 1998 from Orient Overseas International Limited in Hong Kong, where he was Chief Investment Officer. He has worked as both Chief Investment Officer and Chief Executive Officer of Augustus, establishing the hedge fund business as well as being the founder and original investment manager of an emerging market bond fund. Tim holds an MBA from the University of Cranfield and a BSc (Hons) in Chemical Engineering from the University of Edinburgh, and has passed the General Securities Registered Representatives examination. He is based in London.
Daniel Sheard31/07/2008Daniel Sheard is an Investment Manager, responsible for the absolute return bond family of funds and various long only fixed income mandates. Daniel joined GAM following its acquisition of the fixed income and foreign exchange specialist, Augustus, in May 2009. He joined Augustus (then Julius Baer Investments Limited) in 2006 as Deputy Chief Investment Officer and became Chief Investment Officer in 2008. Daniel previously worked at Prudential M&G, where he was a director of the Fixed Income group. Prior to that he was a principal within the Advanced Strategies group at Barclays Global Investors, and before an associate director within the Fixed Income unit at Schroders. Daniel holds a BSc (Hons) in Financial Services from the University of Manchester Institute of Science and Technology, a Postgraduate Diploma of Law from Nottingham Trent University, and is a charterholder of the Chartered Institute of Bankers. He is based in London.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Cyprus, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Singapore, Sweden, United Arab Emirates
JB Multibond Absolute Return Bond Defender A CHF
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price88.03
CurrencyCHF
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDEA9
JB Multibond Absolute Return Bond Defender A GBP
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price95.71
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDEB9
JB Multibond Absolute Return Bond Defender A USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price93.59
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDEC3
JB Multibond Absolute Return Bond Defender B CHF
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price102.27
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEB0
JB Multibond Absolute Return Bond Defender B GBP
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.35%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price110.36
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEB8
JB Multibond Absolute Return Bond Defender B USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price110.09
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEC2
JB Multibond Absolute Return Bond Defender C CHF
Initial charge3%
Annual charge0.45%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price105.76
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDEB2
JB Multibond Absolute Return Bond Defender C GBP
Initial charge3%
Annual charge0.45%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price114.36
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDEC1
JB Multibond Absolute Return Bond Defender C USD
Initial charge3%
Annual charge0.45%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price114.22
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDEC5
JB Multibond Absolute Return Bond Defender E CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.01
CurrencyCHF
Price updated17/02/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEB1
JB Multibond Absolute Return Bond Defender E GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.2
CurrencyGBP
Price updated17/02/2010
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEC0
JB Multibond Absolute Return Bond Defender E USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.88%
Total expense ratio (TER)1.86%
Bid price-
Offer price-
Mid price105.99
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEC4
JB Multibond Absolute Return Bond Defender G EUR
Initial charge3%
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price98.68
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNTZ
JB Multibond Absolute Return Bond Defender G USD
Initial charge3%
Annual charge-
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price105.27
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG2LA
JB Multibond Absolute Return Bond Defender R CHF
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price94.91
CurrencyCHF
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEHB
JB Multibond Absolute Return Bond Defender R EUR
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price96.9
CurrencyEUR
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEHA
JB Multibond Absolute Return Bond Defender R GBP
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price98.48
CurrencyGBP
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEHC
JB Multibond Absolute Return Bond Defender R USD
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price98.58
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEGZ
JB Multibond Absolute Return Bond Defender RA CHF
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price91.74
CurrencyCHF
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEHF
JB Multibond Absolute Return Bond Defender RA EUR
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price93.54
CurrencyEUR
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEHE
JB Multibond Absolute Return Bond Defender RA GBP
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price94.95
CurrencyGBP
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEHG
JB Multibond Absolute Return Bond Defender RA USD
Initial charge3%
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price95.15
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFEHD
Data provided by

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