Fact sheet: Oaktree OaktreNonUSCnvBd

Fund information
Fund name
Oaktree (Lux) - Non-US Convertible Bond IB
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund managers
  • Petar Raketicsince 01/02/2016
  • Jean-Pierre Latrillesince 01/02/2016
  • Jean Paul Nedelecsince 13/07/2013
  • Abe Ofersince 13/07/2013
Fund objective
The investment objective of the Sub-Fund is to obtain an attractive total return from a combination of current income and capital appreciation by investing in a diversified portfolio of Non-U.S. Convertible Securities. There is no requirement that any security be rated "investment grade" by any rating agency. To achieve this objective, the Sub-Fund will seek to invest in a diversified portfolio of convertible securities which individually, and therefore collectively, may capture a higher percentage of their underlying stocks’ gains than the percentage losses that they will reflect.
Benchmark
  • Thomson Reuters CV Gl. ex US (TR) (EUR-Hgd)
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
-0.5%
1 Year rank in sector
25/72
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.
0.67%
Fund size
£226m (£200m 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
Man Convertibles Am9.2%
CQS Global Convertible UCITS4.5%
HAM Gbl Convtbl Bd3.3%
Franklin Gl Cnvtl Secrts2.4%
Convertible & Credit2.1%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Japan16.7%
    Germany11.2%
    France9.7%
    Canada9.2%
    China8%
  • Industrials20.8%
    Consumer Discretionary19.3%
    Information Technology14.7%
    Financials14.7%
    Materials7.8%
  • Japanese Fixed Interest16.7%
    German Fixed Interest11.2%
    French Fixed Interest9.7%
    Canadian Fixed Interest9.2%
    Chinese Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%0.6%1.6%-0.5%10%33.6%
Sector-0.4%-0.4%1.1%-1.8%5.7%29.2%
Rank within sector49 / 7312 / 7332 / 7325 / 7215 / 6118 / 52
Quartile3rd1st2nd2nd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.9%5.1%2.6%9.3%12.9%
Sector-0.5%2.9%2.3%11.7%10.9%
Rank within sector22 / 7215 / 6736 / 6134 / 5516 / 52
Quartile2nd1st3rd3rd2nd
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.
1.7
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.
0.86
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%.
5.11
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.
1.77
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.
0.79
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.
0.9
Price movement
52 week high22.1
52 week low20.38
Current bid price-
Current offer price-
Current mid price21.93
Region
1Japan16.7%
2Germany11.23%
3France9.65%
4Canada9.19%
5China7.96%
6Spain4.9%
7Netherlands4.64%
8Italy4.48%
9UK4.24%
Industry sector
1Industrials20.81%
2Consumer Discretionary19.28%
3Information Technology14.68%
4Financials14.67%
5Materials7.82%
6Telecommunications Utilities4.86%
7Health Care3.89%
8Real Estate3.45%
9Utilities2.89%
Asset type
1Japanese Fixed Interest16.7%
2German Fixed Interest11.23%
3French Fixed Interest9.65%
4Canadian Fixed Interest9.19%
5Chinese Fixed Interest7.96%
6Spanish Fixed Interest4.9%
7Dutch Fixed Interest4.64%
8Italian Fixed Interest4.48%
9UK Fixed Interest4.24%
Individual holdings
1ELEMENT FINL CORP4.06%
2AROUNDTOWN PROPERTY HLDGS3.78%
3CEMEX SAB DE CV2.89%
4CAPITALAND2.82%
5SEMICONDUCTOR MANUFACTURING INTL CO2.48%
6BRENNTAG AG2.18%
7AZIMUT HLDG SPA2.17%
8NEXITY2.14%
9DH CORP2.06%
Management
Fund manager group
No data available.
Fund manager company
Oaktree Capital Management (UK
Fund type
Offshore Fund
Fund objective
The investment objective of the Sub-Fund is to obtain an attractive total return from a combination of current income and capital appreciation by investing in a diversified portfolio of Non-U.S. Convertible Securities. There is no requirement that any security be rated "investment grade" by any rating agency. To achieve this objective, the Sub-Fund will seek to invest in a diversified portfolio of convertible securities which individually, and therefore collectively, may capture a higher percentage of their underlying stocks’ gains than the percentage losses that they will reflect.
Benchmark
  • Thomson Reuters CV Gl. ex US (TR) (EUR-Hgd)
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Petar Raketic01/02/2016
Jean-Pierre Latrille01/02/2016
Jean Paul Nedelec13/07/2013Mr. 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).
Abe Ofer13/07/2013Mr. 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.
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, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Oaktree (Lux) - Non-US 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
Type-
Institutional or retail classRetail
Domicile-
Citi codeFW0U
Oaktree (Lux) - Non-US Convertible Bond CB GBP
Initial charge2%
Annual charge0.8%
Min single investment£100
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
Type-
Institutional or retail classRetail
Domicile-
Citi codeFW0V
Oaktree (Lux) - Non-US Convertible Bond H GBP 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)-
Bid price-
Offer price-
Mid price100.33
CurrencyGBP
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTEY
Oaktree (Lux) - Non-US Convertible Bond IA
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)0.67%
Bid price-
Offer price-
Mid price98.62
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFFGC
Oaktree (Lux) - Non-US Convertible Bond IB
Initial charge2%
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price21.93
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF96Q
Data provided by

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