Fact sheet: Oaktree OaktreGbCnvBd

Fund information
Fund name
Oaktree (Lux) - Global Convertible Bond B
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund managers
  • Jean-Pierre Latrillesince 01/02/2016
  • Petar Raketicsince 01/02/2016
  • Jean Paul Nedelecsince 29/09/2010
  • Andrew Wattssince 31/05/2015
  • Abe Ofersince 29/09/2010
  • Stu Spanglersince 31/05/2015
Fund objective
The fund carefully selects convertible securities from across the globe, including lower-rated instruments and securities with sophisticated terms. It combines the upside potential of global equities with the defensive character of bonds. The objective is to capture the greater portion of equity performance over full market cycles with reduced volatility, or to substantially outperform straight bonds with similar levels of risk. The fund pursues a bottom-up, non-benchmark oriented strategy and aims to be positioned at the ”sweet spot” of the curve, where the chance for upside potential outweighs downside risks. Currency risk is fully hedged.
Benchmark
  • Thomson Reuters Convertible Global Focus
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
2.8%
1 Year rank in sector
7/72
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.
1.39%
Fund size
£587m (£1,112m last year)
Top in this sector
Fund name1 Year
Man Convertibles Am8.8%
CQS Global Convertible UCITS5%
HAM Gbl Convtbl Bd2.9%
Franklin Gl Cnvtl Secrts2.9%
JGF-Jupiter Gb Convl2.8%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • USA44.1%
    Japan8.8%
    Canada6.7%
    China6.2%
    France5.3%
  • Information Technology19.8%
    Consumer Discretionary15.9%
    Industrials12.7%
    Financials12.2%
    Cash & Cash Equivalents9.4%
  • US Fixed Interest44.1%
    Japanese Fixed Interest8.8%
    Canadian Fixed Interest6.7%
    Chinese Fixed Interest6.2%
    French Fixed Interest5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%-0.3%2.8%2.8%6.8%34.9%
Sector0.1%-1%1%-1.4%6%28.4%
Rank within sector9 / 7319 / 7313 / 737 / 7231 / 6116 / 51
Quartile1st2nd1st1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.2%-0.5%1.3%14.7%13.1%
Sector-0.8%2.9%2.3%11.7%10.9%
Rank within sector4 / 7260 / 6747 / 6112 / 5414 / 51
Quartile1st4th4th1st2nd
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.
0.24
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%.
6.15
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.
2.6
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.
0.07
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.
0.82
Price movement
52 week high131.9
52 week low116.83
Current bid price-
Current offer price-
Current mid price131.11
Region
1USA44.09%
2Japan8.79%
3Canada6.67%
4China6.16%
5France5.32%
6Germany5.13%
7Spain3.04%
8UK2.72%
9Mexico2.28%
Industry sector
1Information Technology19.77%
2Consumer Discretionary15.85%
3Industrials12.65%
4Financials12.16%
5Cash & Cash Equivalents9.39%
6Health Care6.99%
7Materials6.31%
8Energy5.9%
9Consumer Staples3.37%
Asset type
1US Fixed Interest44.09%
2Japanese Fixed Interest8.79%
3Canadian Fixed Interest6.67%
4Chinese Fixed Interest6.16%
5French Fixed Interest5.32%
6German Fixed Interest5.13%
7Spanish Fixed Interest3.04%
8UK Fixed Interest2.72%
9Mexican Fixed Interest2.28%
Individual holdings
1ELEMENT FINL CORP2.52%
2CEMEX SAB DE CV2.25%
3AROUNDTOWN PROPERTY HLDGS1.79%
4CTRIP COM INTERNATIONAL1.77%
5CITRIX SYSTEMS INC1.53%
6PRICELINE GROUP INC (THE)1.35%
7BRENNTAG AG1.3%
8DH CORP1.19%
9MARINE HARVEST ASA1.18%
Management
Fund manager group
No data available.
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund objective
The fund carefully selects convertible securities from across the globe, including lower-rated instruments and securities with sophisticated terms. It combines the upside potential of global equities with the defensive character of bonds. The objective is to capture the greater portion of equity performance over full market cycles with reduced volatility, or to substantially outperform straight bonds with similar levels of risk. The fund pursues a bottom-up, non-benchmark oriented strategy and aims to be positioned at the ”sweet spot” of the curve, where the chance for upside potential outweighs downside risks. Currency risk is fully hedged.
Benchmark
  • Thomson Reuters Convertible Global Focus
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Jean-Pierre Latrille01/02/2016
Petar Raketic01/02/2016
Jean Paul Nedelec29/09/2010Mr. Nedelec joined Oaktree in 1995 after serving as co-portfolio manager of the International Convertible Value portfolios at Trust Company of the West. Prior to joining TCW in 1994, he was employed at the AXA Group. There he managed over $1 billion in fixed income portfolios, making extensive use of convertible bonds and other specialized investment techniques utilizing a wide variety of currencies. Prior to joining AXA, he had fixed income security sales experience at Dai-Ichi Kangyo Bank (London) and Manufacturers Hanover (London). Mr. Nedelec has an undergraduate business degree from EPSCI-ESSEC (France).
Andrew Watts31/05/2015
Abe Ofer29/09/2010Mr. Ofer joined Oaktree in 1995. Prior to joining Oaktree, Mr. Ofer was co-portfolio manager of the International Convertible Value portfolios at Trust Company of the West. After joining TCW in 1984, he initially served as an Equity Research Analyst specializing in the field of technology, after which he joined the High Yield and Convertible Securities unit as a Credit Analyst in 1986. In 1989, he began to manage investments in “busted” convertible portfolios. Mr. Ofer holds a B.A. degree in Mathematics from Reed College and an M.B.A. in Accounting and Finance from the University of Chicago.
Stu Spangler31/05/2015
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Singapore, Sweden
Oaktree (Lux) - Global Convertible Bond B
Initial charge2%
Annual charge1.2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price131.11
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLAV9
Oaktree (Lux) - Global Convertible Bond CA
Initial charge2%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFW0M
Oaktree (Lux) - Global Convertible Bond CB
Initial charge2%
Annual charge0.8%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.78
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSWY
Oaktree (Lux) - Global Convertible Bond EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price112.5
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBWS
Oaktree (Lux) - Global Convertible Bond GB
Initial charge2%
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price134.38
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLAW0
Oaktree (Lux) - Global Convertible Bond H CHF B
Initial charge2%
Annual charge1.2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price124.42
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLAW1
Oaktree (Lux) - Global Convertible Bond H CHF CB
Initial charge2%
Annual charge0.8%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.93
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFSWZ
Oaktree (Lux) - Global Convertible Bond H CHF EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)0.78%
Bid price-
Offer price-
Mid price101.39
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFHEJ
Oaktree (Lux) - Global Convertible Bond H CHF GB
Initial charge2%
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price125.19
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM2Y5
Oaktree (Lux) - Global Convertible Bond H EUR B
Initial charge2%
Annual charge1.2%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price127.7
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeLAW2
Oaktree (Lux) - Global Convertible Bond H EUR CB
Initial charge2%
Annual charge0.8%
Min single investment£100
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.21
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXAX
Oaktree (Lux) - Global Convertible Bond H EUR EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price109.18
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB9P
Oaktree (Lux) - Global Convertible Bond H EUR GB
Initial charge2%
Annual charge0.8%
Min single investment£500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price131.07
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeLAW3
Oaktree (Lux) - Global Convertible Bond H GBP CB
Initial charge2%
Annual charge0.8%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.91
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFW0N
Oaktree (Lux) - Global Convertible Bond H GBP EB
Initial charge2%
Annual charge0.6%
Min single investment£50,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price111.86
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBFV
Oaktree (Lux) - Global Convertible Bond H GBP IA
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.73
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFW0O
Oaktree (Lux) - Global Convertible Bond IB
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price13.2
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF96P
Oaktree (Lux) - Global Convertible Bond IB GBP
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFW0P
Data provided by

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