Fact sheet: Oaktree OaktreNonUSCnvBd

Fund information
Fund name
Oaktree (Lux) Funds - Oaktree 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 14/07/2013
  • Abe Ofersince 14/07/2013
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
3.7%
1 Year rank in sector
30/71
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
£213m (£199m last year)
Top in this sector
Fund name1 Year
Man Convertibles Am13.8%
Franklin Gl Cnvtl Secrts11.1%
CQS Global Convertible UCITS8.9%
Calamos Gbl Convtl Opps8.6%
UBS (L)BdSICConGb€7.2%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • Japan15.4%
    Germany13.4%
    France11.2%
    Canada10.4%
    China7.2%
  • Industrials20.6%
    Consumer Discretionary17.1%
    Financials17%
    Information Technology14.4%
    Materials7.4%
  • Japanese Fixed Interest15.4%
    German Fixed Interest13.4%
    French Fixed Interest11.2%
    Canadian Fixed Interest10.4%
    Chinese Fixed Interest7.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%3.8%3.1%3.7%12.1%28.3%
Sector0.2%4.1%3%2.4%8.5%30.6%
Rank within sector8 / 7434 / 7432 / 7430 / 7117 / 6232 / 51
Quartile1st2nd2nd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund1%5.1%2.6%9.3%12.9%
Sector0.1%2.9%2.3%11.7%10.9%
Rank within sector24 / 7315 / 6835 / 6234 / 5615 / 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.
1.34
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
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.
0.19
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%.
5.28
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.
1.73
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.
0.49
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.
0.92
Price movement
52 week high22.06
52 week low20.38
Current bid price-
Current offer price-
Current mid price21.95
Region
1Japan15.42%
2Germany13.4%
3France11.17%
4Canada10.44%
5China7.2%
6Netherlands4.89%
7Italy4.75%
8UK4.69%
9Spain3.94%
Industry sector
1Industrials20.57%
2Consumer Discretionary17.14%
3Financials17%
4Information Technology14.42%
5Materials7.37%
6Cash & Cash Equivalents5.77%
7Health Care3.26%
8Utilities3.06%
9Real Estate2.8%
Asset type
1Japanese Fixed Interest15.42%
2German Fixed Interest13.4%
3French Fixed Interest11.17%
4Canadian Fixed Interest10.44%
5Chinese Fixed Interest7.2%
6Dutch Fixed Interest4.89%
7Italian Fixed Interest4.75%
8UK Fixed Interest4.69%
9Spanish Fixed Interest3.94%
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 Nedelec14/07/2013Mr. 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 Ofer14/07/2013Mr. 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) Funds - Oaktree 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) Funds - Oaktree 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) Funds - Oaktree 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 price100.29
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTEY
Oaktree (Lux) Funds - Oaktree 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 price98.89
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFFGC
Oaktree (Lux) Funds - Oaktree 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 price21.95
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF96Q
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.