Fact sheet: Mirabaud Gbl Stgc Bd

Fund information
Fund name
Mirabaud Global Strategic Bond I Cap USD
Fund manager company
Mirabaud Asset Management (Eur
Fund type
Offshore Fund
Fund managers
  • Fatima Luissince 01/10/2013
  • Andrew Lakesince 01/10/2013
Fund objective
The objective of the strategy is to deliver positive performance with lower volatility than our peers, across multiple cycles. Under a top down thematic approach, the fund actively manages credit risk and duration whilst exploiting relative value opportunities across different geographies, sectors and components of the fixed income universe. By being active, flexible and unconstrained, the team ensures that the focus is on implementing best ideas and extracting real value at any point in time. The fund also targets diversification of risk alongside capital preservation, liquidity and transparency.
Benchmark
  • 3 month US Dollar Libor
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
5.5%
1 Year rank in sector
164/287
Sector
FO Fixed Int - Global
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.
0.78%
Fund size
£437m (£416m 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.
19
Top in this sector
Fund name1 Year
Capital Group GHIOL33.4%
Aberdeen Global II GlGovtBd27.9%
Russell Gbl Bd27.7%
Dodge & Cox Global Bond26.9%
Baring Intl Bd26.8%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • No data available.
  • Financials24.9%
    Cyclical Consumer Goods19.1%
    Communications10.1%
    Energy10.1%
    Non-Cyclical Consumer Goods10.1%
  • US Fixed Interest95.2%
    Money Market4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%2.3%4.1%5.5%--
Sector-0.1%2.4%4.3%5.8%8.5%17%
Rank within sector135 / 304143 / 302160 / 300164 / 287--
Quartile2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.9%-0.9%3.4%--
Sector6.2%-1.6%3.7%-1.6%8.2%
Rank within sector162 / 296134 / 276---
Quartile3rd2nd
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 high105.08
52 week low96.28
Current bid price-
Current offer price-
Current mid price104.72
Region
No data available.
Industry sector
1Financials24.9%
2Cyclical Consumer Goods19.1%
3Communications10.1%
4Energy10.1%
5Non-Cyclical Consumer Goods10.1%
6Industrials7.3%
7Money Market4.8%
8Utilities4.1%
9Basic Materials3.6%
Asset type
1US Fixed Interest95.2%
2Money Market4.8%
Individual holdings
1CDX CXPHY526 (CSI) 16/2111.3%
2CDS ITXEX525 (CSI) 16/2110.1%
31.625 % T'NOTE USA 'C' 16/261.9%
42.25% COSTCO WHOLES.15/22 SR1.5%
54.464% CHARTER COMM OPT 15/221.5%
64.875% HJ HEINZ 15/25 SR1.4%
75% SUB.G.E. PFD NC 16/PERP 'D' JR1.4%
82.50% AMAZON.COM 12/22 -SR-1.3%
92.625 % EDP FINANCE 14/22 '36' SR S1.2%
Management
Fund manager group
Mirabaud
Fund manager company
Mirabaud Asset Management (Eur
Fund type
Offshore Fund
Fund objective
The objective of the strategy is to deliver positive performance with lower volatility than our peers, across multiple cycles. Under a top down thematic approach, the fund actively manages credit risk and duration whilst exploiting relative value opportunities across different geographies, sectors and components of the fixed income universe. By being active, flexible and unconstrained, the team ensures that the focus is on implementing best ideas and extracting real value at any point in time. The fund also targets diversification of risk alongside capital preservation, liquidity and transparency.
Benchmark
  • 3 month US Dollar Libor
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Fatima Luis01/10/2013Fatima has over 14 years of investment experience and is Head of UK High Yield Credit. She is also the lead manager of the Strategic Bond and Maximum Income Bond Funds. Fatima has an MA from the London School of Economics and a BA in International Relations from Wheaton College, Massachusetts.
Andrew Lake01/10/2013Andrew Lake joined Mirabaud as Head of High Yield in January 2013. Prior to this he was Head of High Yield Portfolio Management at Aviva Investors. Mr Lake has been involved in the high yield market since 1998 during which time he has managed funds at Merrill Lynch Investment Managers where he was responsible for high yield in London and F&C Investments where he co-managed the institutional high yield product. Mr Lake has a history degree from the University of York, an M.B.A from the Booth School of Business at the University of Chicago and is a qualified barrister.
Compliance
Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Portugal
Mirabaud Global Strategic Bond A Cap USD
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.48%
Bid price-
Offer price-
Mid price109.27
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFD2K
Mirabaud Global Strategic Bond A Inc USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.44
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFD2L
Mirabaud Global Strategic Bond AH Cap CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.01
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE1WD
Mirabaud Global Strategic Bond AH Cap EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.68
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFD2M
Mirabaud Global Strategic Bond AH Cap GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.57
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFD2O
Mirabaud Global Strategic Bond AH Inc CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.53
CurrencyCHF
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFD2Q
Mirabaud Global Strategic Bond AH Inc EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.08
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFD2N
Mirabaud Global Strategic Bond AH Inc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.85
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFD2P
Mirabaud Global Strategic Bond DH Cap GBP
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.78
CurrencyGBP
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK0X
Mirabaud Global Strategic Bond DH Inc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFK0Y
Mirabaud Global Strategic Bond I Cap USD
Initial charge-
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.72
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLLJ
Mirabaud Global Strategic Bond I Inc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.72
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFONC
Mirabaud Global Strategic Bond IH Cap CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.07
CurrencyCHF
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1TX
Mirabaud Global Strategic Bond IH Cap EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.14
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFK5F
Data provided by

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