Fact sheet: JB Multibond Abs Ret Emrg Bd

Fund information
Fund name
JB Multibond Absolute Return Emerging Bond C USD
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund manager
  • Enzo Puntillosince 31/12/2007
Fund objective
The fund aims to achieve a long-term positive (absolute) return both in increasing and decreasing markets by investing in a diversified portfolio of bonds issued by emerging market debtors of different countries with a wide variety of maturities, credit ratings and currencies. The fund is suitable for investors who aim to achieve absolute returns. It may be used as a supplement to a globally diversified portfolio. The fund allows investors to delegate investment decisions to experienced specialists.
Benchmark
  • ICE LIBOR CHF 3 Months
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
3.3%
1 Year rank in sector
20/132
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.
1.04%
Fund size
£46m (£41m 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.
75
Top in this sector
Fund name1 Year
Pioneer SICV-AbsRetBd17.9%
Polar Capital UK Abs Eq10.3%
SW Mitchell Emerging European9.6%
Orbis Optimal SA9.4%
Orbis Optimal USD9.4%
...more in FO Absolute Return

Performance snapshot

Holdings snapshot

  • USA42.5%
    Mexico13.2%
    Brazil8.6%
    Colombia8.3%
    Others8.1%
  • No data available.
  • Alternative Investment Strategies83.6%
    Money Market16.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-2%0.2%3.3%2.7%7.2%
Sector-0.5%-0.4%0.4%-0.4%2.2%9.7%
Rank within sector129 / 141119 / 14184 / 13820 / 13229 / 8339 / 64
Quartile4th4th3rd1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.7%-3.2%1.3%-1.5%6%
Sector0.1%0.7%1.2%3.6%3.9%
Rank within sector19 / 13297 / 11541 / 8864 / 7124 / 63
Quartile1st4th2nd4th2nd
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.
0.23
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.
1.04
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%.
3.5
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.
2.96
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.
0.08
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.
0.29
Price movement
52 week high127.26
52 week low116.81
Current bid price-
Current offer price-
Current mid price124.07
Region
1USA42.48%
2Mexico13.22%
3Brazil8.62%
4Colombia8.28%
5Others8.06%
6Money Market4.65%
7Croatia4.11%
8Slovenia3.39%
9Romania3.28%
Industry sector
No data available.
Asset type
1Alternative Investment Strategies83.6%
2Money Market16.4%
Individual holdings
1US TREASURY BILLS 0%40.17%
2CROATIA(REPUBLIC OF) 6.375% BDS 24/03/21 USD1000 144A3.3%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund aims to achieve a long-term positive (absolute) return both in increasing and decreasing markets by investing in a diversified portfolio of bonds issued by emerging market debtors of different countries with a wide variety of maturities, credit ratings and currencies. The fund is suitable for investors who aim to achieve absolute returns. It may be used as a supplement to a globally diversified portfolio. The fund allows investors to delegate investment decisions to experienced specialists.
Benchmark
  • ICE LIBOR CHF 3 Months
Investment style
Absolute Return
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Enzo Puntillo31/12/2007Born 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Distributor Status, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Singapore, Sweden
JB Multibond Absolute Return Emerging Bond A CHF
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price83.28
CurrencyCHF
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN8B3
JB Multibond Absolute Return Emerging Bond A EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.66%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price88.63
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXV1
JB Multibond Absolute Return Emerging Bond A USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.68%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price89.11
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeAXV2
JB Multibond Absolute Return Emerging Bond B CHF
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price97.36
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN8B4
JB Multibond Absolute Return Emerging Bond B EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price115.6
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXU9
JB Multibond Absolute Return Emerging Bond B USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price117.39
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXV0
JB Multibond Absolute Return Emerging Bond C CHF
Initial charge3%
Annual charge0.65%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price101.04
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN8B5
JB Multibond Absolute Return Emerging Bond C EUR
Initial charge3%
Annual charge0.65%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price121.62
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAXV3
JB Multibond Absolute Return Emerging Bond C USD
Initial charge3%
Annual charge0.65%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price124.07
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAXV4
JB Multibond Absolute Return Emerging Bond Ca EUR
Initial charge3%
Annual charge0.65%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.02%
Bid price-
Offer price-
Mid price92.79
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDEF9
JB Multibond Absolute Return Emerging Bond E EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.15%
Total expense ratio (TER)2.13%
Bid price-
Offer price-
Mid price110.92
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXV5
JB Multibond Absolute Return Emerging Bond E USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.18%
Total expense ratio (TER)2.13%
Bid price-
Offer price-
Mid price112.84
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAXV6
Data provided by

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