Fact sheet: Mirabaud US Short Tm Cr

Fund information
Fund name
Mirabaud US Short Term Credit A Cap USD
Fund manager company
Mirabaud Asset Management (Eur
Fund type
Offshore Fund
Fund managers
  • Andrew Lakesince 21/10/2015
  • Fatima Luissince 21/10/2015
Fund objective
The Fund aims to provide a return of capital growth and income by seeking out the best investment opportunities within the US short term fixed income universe.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - USD Short/ Medium Maturity
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.
1.06%
Fund size
£60m (£24m last year)
Top in this sector
Fund name1 Year
Allianz EmrgMktsShDuDfBd7.9%
Threadneedle (L)GblEmMtSTBd7%
AXA WF EM Shrt Dur Bds6.9%
Natixis LSShtTmEmgMktsBd5.5%
Wells Fargo WW US STHgYdBd3.2%
...more in FO Fixed Int - USD Short/ Medium Maturity

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%1%2.1%---
Sector0%0.9%2.2%2.8%4.1%7.7%
Rank within sector19 / 218 / 219 / 19---
Quartile4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.5%----
Sector3.3%-0.1%0.4%0.9%3%
Rank within sector6 / 19----
Quartile2nd
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 high102.74
52 week low98.81
Current bid price-
Current offer price-
Current mid price102.51
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Mirabaud
Fund manager company
Mirabaud Asset Management (Eur
Fund type
Offshore Fund
Fund objective
The Fund aims to provide a return of capital growth and income by seeking out the best investment opportunities within the US short term fixed income universe.
Benchmark
No data available.
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andrew Lake21/10/2015Andrew 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.
Fatima Luis21/10/2015Fatima 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.
Compliance
Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Portugal
Mirabaud US Short Term Credit A Cap USD
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.51
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE11X
Mirabaud US Short Term Credit A Dis USD
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.32
CurrencyUSD
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE11Y
Mirabaud US Short Term Credit AH Cap CHF
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.06
CurrencyCHF
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE18U
Mirabaud US Short Term Credit AH Cap EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.71
CurrencyEUR
Price updated21/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE11Z
Mirabaud US Short Term Credit AH Dis EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.66
CurrencyEUR
Price updated21/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE12A
Mirabaud US Short Term Credit I Cap USD
Initial charge-
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.45
CurrencyUSD
Price updated21/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE6KY
Data provided by

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