Fact sheet: Mirabaud ConvBdGbl

Fund information
Fund name
Mirabaud Convertible Bonds Global A USD
Fund manager company
Mirabaud Asset Management (Eur
Fund type
Offshore Fund
Fund managers
  • Renaud Martinsince 28/05/2013
  • Nicolas Crémieuxsince 28/08/2013
Fund objective
The objective of the fund is to achieve long-term capital growth by investing primarily in a diversified portfolio of convertible securities, globally. The fund will invest, primarily its assets in bonds, convertible into equities of companies as well as in synthetic convertible transferable securities of issuers having their registered office or carrying out the majority of their business in US, Europe and Asia, including emerging markets.
Benchmark
  • Thomson Reuters Global Focus Convertible Index
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
-2.9%
1 Year rank in sector
46/72
Sector
FO Convertible
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.
1.61%
Fund size
£111m (£133m last year)
Top in this sector
Fund name1 Year
Man Convertibles Am7.9%
CQS Global Convertible UCITS4.1%
HAM Gbl Convtbl Bd2.9%
Convertible & Credit1.9%
Oaktree OaktreGbCnvBd1.9%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Europe39.2%
    USA31.7%
    Japan18.4%
    Asia Pacific ex Japan6.2%
    Others4.5%
  • Consumer Discretionary28.7%
    Industrials16%
    Information Technology15.3%
    Health Care9.2%
    Energy8.6%
  • European Fixed Interest39.2%
    US Fixed Interest31.7%
    Japanese Fixed Interest18.4%
    Asia Pacific ex Japan Fixed Interest6.2%
    Global Fixed Interest4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%0.3%2.2%-2.9%7.6%-
Sector-0.6%-0.8%0.8%-2.3%5.3%28.5%
Rank within sector11 / 7312 / 7319 / 7346 / 7223 / 61-
Quartile1st1st2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-0.9%3%4.3%--
Sector-0.9%2.9%2.3%11.7%10.9%
Rank within sector35 / 7234 / 6715 / 61--
Quartile2nd3rd1st
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.
0.83
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.
0.98
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%.
5.89
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.
1.99
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.
0.39
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.
0.89
Price movement
52 week high116.7
52 week low104.6
Current bid price-
Current offer price-
Current mid price113.97
Region
1Europe39.2%
2USA31.7%
3Japan18.4%
4Asia Pacific ex Japan6.2%
5Others4.5%
Industry sector
1Consumer Discretionary28.7%
2Industrials16%
3Information Technology15.3%
4Health Care9.2%
5Energy8.6%
6Financials8.4%
7Telecommunications Utilities4.6%
8Money Market3.3%
9Materials3.2%
Asset type
1European Fixed Interest39.2%
2US Fixed Interest31.7%
3Japanese Fixed Interest18.4%
4Asia Pacific ex Japan Fixed Interest6.2%
5Global Fixed Interest4.5%
Individual holdings
10% CV SONY 15/22 '6'3.1%
20.35% CV PRICELINE GRP 13/20 SR3.1%
30.875% CV TECHNIP 16/21 SR3.1%
41.00% CV ON SEMICONDUCTOR 16/20 SR3.1%
50% CV INGENICO 15/223%
60% CV SAFRAN 16/20 SR EUR89.323%
70.50% CV TOTAL 15/22 SR3%
83% SUB. CV MICRON TECH. 13/43 'G'3%
91% CV NXP SEMICONDUCTOR 14/19 SR2.9%
Management
Fund manager group
Mirabaud
Fund manager company
Mirabaud Asset Management (Eur
Fund type
Offshore Fund
Fund objective
The objective of the fund is to achieve long-term capital growth by investing primarily in a diversified portfolio of convertible securities, globally. The fund will invest, primarily its assets in bonds, convertible into equities of companies as well as in synthetic convertible transferable securities of issuers having their registered office or carrying out the majority of their business in US, Europe and Asia, including emerging markets.
Benchmark
  • Thomson Reuters Global Focus Convertible Index
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Renaud Martin28/05/2013Renaud Martin works as Portfolio Manager/Analyst in the Convertible Bonds research/portfolio management team. Mr. Martin was Head of Convertibles at Crédit Agricole between 2004 and 2011, where he managed proprietary convertibles portfolios, and prior to that at LFP where he managed the LFP Capital Arbitrage Fund. Mr. Martin has more than 20 years experience in the convertible bonds and equity derivative industry. Nicolas Crémieux is Portfolio Manager/analyst in the convertible bonds team. Prior to joining Mirabaud in 2013, Mr. Crémieux was Head of convertible bonds at Dexia AM.
Nicolas Crémieux28/08/2013Mr. Nicolas Cremieux is a Senior Portfolio Manager at Mirabaud Gestion A.M. since August 19, 2013. Mr. Cremieux has expertise in fundamental analysis of credit companies, particularly in the selection of convertible bonds. He was previously a Senior Portfolio Manager at Dexia Asset Management S.A., where he specialized in convertible bonds. Mr. Cremieux had joined the firm in 2000. He is a member of the French Society of Financial Analysts. Mr. Cremieux earned a post-graduate degree in Insurance and Risk Management from the Gestion des Risques de l’Université Paris IX Dauphine in 2000. He also earned an MMS from the same institution in 1999.
Compliance
Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, Germany, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Offshore
Mirabaud Convertible Bonds Global A USD
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.61%
Total expense ratio (TER)1.61%
Bid price-
Offer price-
Mid price113.97
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFD0X
Mirabaud Convertible Bonds Global AH CHF
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.63
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE12C
Mirabaud Convertible Bonds Global AH EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.05
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFHAC
Mirabaud Convertible Bonds Global DH GBP
Initial charge-
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.42
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJNT
Mirabaud Convertible Bonds Global I USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.88%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.74
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1TL
Mirabaud Convertible Bonds Global IH EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.92%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.39
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1TM
Mirabaud Convertible Bonds Global IH GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.78
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFJ7E
Data provided by

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