Fact sheet: JSS Ins Bd Opps

Fund information
Fund name
JSS Insurance Bond Opportunities P Acc EUR
Fund manager company
Sarasin Investmentfonds Sicav
Fund type
Offshore Fund
Fund manager
  • Dinesh Pawarsince 07/10/2015
Fund objective
JSS Insurance Bond Opportunities (the Fund) seeks to achieve a regular, high income while taking into account balanced risk diversification.
Benchmark
  • 3m USD LIBOR 2%
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.1%
1 Year rank in sector
23/303
Sector
FO Fixed Int - Global
Yield
-
Fund size
£65m (£143m 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.
33
Top in this sector
Fund name1 Year
Capital Group GHIOL30.3%
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LM WAHiYcrEn20.7%
BlueBay Fin Cap Bd18.5%
HSBC GIF Gbl AsBk Bd17.4%
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Performance snapshot

Holdings snapshot

  • UK48.7%
    Netherlands18.4%
    France8.7%
    Austria8%
    Australia4.9%
  • BBB-27.1%
    BBB+24%
    BBB23.4%
    Non-Rated9%
    BB+7.1%
  • UK Fixed Interest48.7%
    Dutch Fixed Interest18.4%
    French Fixed Interest8.7%
    Austrian Fixed Interest8%
    Australian Fixed Interest4.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%3.5%7.9%11.1%--
Sector0.4%1%2.8%4.1%5.5%12.6%
Rank within sector11 / 33619 / 33315 / 31723 / 303--
Quartile1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund5.9%3%-1.2%--
Sector2.1%4.6%-1.6%3.7%-1.6%
Rank within sector18 / 324165 / 295140 / 269--
Quartile1st3rd3rd
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 high108.82
52 week low95.7
Current bid price-
Current offer price-
Current mid price108.67
Region
1UK48.73%
2Netherlands18.35%
3France8.66%
4Austria7.97%
5Australia4.87%
6Others3.97%
7USA2.91%
8Germany2.57%
9Italy1.97%
Industry sector
1BBB-27.12%
2BBB+23.96%
3BBB23.42%
4Non-Rated8.98%
5BB+7.11%
6A-5.39%
7BB2.29%
8A1.73%
Asset type
1UK Fixed Interest48.73%
2Dutch Fixed Interest18.35%
3French Fixed Interest8.66%
4Austrian Fixed Interest7.97%
5Australian Fixed Interest4.87%
6Global Fixed Interest3.97%
7US Fixed Interest2.91%
8German Fixed Interest2.57%
9Italian Fixed Interest1.97%
Individual holdings
1ROYAL LONDON MUTUAL INSURANCE SOCIETY LTD7.29%
2AVIVA7.19%
3HISCOX LTD5.46%
4RSA INSURANCE GROUP PLC5.17%
5UNIQA INSURANCE GROUP AG5.02%
6QBE INSURANCE GROUP4.87%
7LEGAL & GENERAL GROUP4.63%
8CNP ASSURANCES4.47%
9ASR NEDERLAND NV4.38%
Management
Fund manager group
Sarasin
Fund manager company
Sarasin Investmentfonds Sicav
Fund type
Offshore Fund
Fund objective
JSS Insurance Bond Opportunities (the Fund) seeks to achieve a regular, high income while taking into account balanced risk diversification.
Benchmark
  • 3m USD LIBOR 2%
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Dinesh Pawar07/10/2015Dinesh joined Aviva in September 2009 and is part of the credit team, responsible for flow credit trading. Prior to his current position, Dinesh was Market Risk Manager – Traded Credit Products at Deutsche Bank. Before that Dinesh was Proprietary Credit Trader (Global Credit) at ABN Global Markets. Dinesh started his investment career as a Credit Trader Long Short (Alphagen Strategies) at Gartmore Investment Management. Dinesh holds an MSc in Banking and International Finance from Cass Business school and a BA(Hons) in Business Finance. Dinesh also holds the IMC.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, France, United Kingdom, Ireland, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Sweden
JSS Insurance Bond Opportunities C Acc EUR
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.16
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFR9J
JSS Insurance Bond Opportunities C Hedged Acc CHF
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.49
CurrencyCHF
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFRON
JSS Insurance Bond Opportunities C Hedged Acc GBP
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price80.6
CurrencyGBP
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSBJ
JSS Insurance Bond Opportunities C Hedged Acc USD
Initial charge3%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price137.77
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFP4V
JSS Insurance Bond Opportunities I Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price109.52
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFP4W
JSS Insurance Bond Opportunities I Hedged Acc CHF
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price128.91
CurrencyCHF
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFP4X
JSS Insurance Bond Opportunities I Hedged Acc USD
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price139.3
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFQLD
JSS Insurance Bond Opportunities P Acc EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.67
CurrencyEUR
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPRA
JSS Insurance Bond Opportunities P Dist EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.51
CurrencyEUR
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFV4J
JSS Insurance Bond Opportunities P Hedged Acc CHF
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.07
CurrencyCHF
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPCG
JSS Insurance Bond Opportunities P Hedged Acc USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price137.91
CurrencyUSD
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPCH
JSS Insurance Bond Opportunities P Hedged Dist USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.04
CurrencyUSD
Price updated23/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE0PQ
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.