Fact sheet: Oyster Gbl Convtl

Fund information
Fund name
Oyster Global Convertibles N EUR
Fund manager company
SYZ Asset Management (Luxembou
Fund type
Offshore Fund
Fund managers
  • Paul L. Latronicasince 26/03/2009
  • Hart Woodsonsince 26/03/2009
  • Advent Capital Management LLCsince 02/04/2009
Fund objective
The objective of the fund is to provide investors with capital growth, principally by investing globally in bond-like convertibles.
Benchmark
  • BarCap Global Defensive Convertible Index TR Hedged EUR
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
2.8%
1 Year rank in sector
53/71
Sector
FO Convertible
Yield
-
Fund size
£612m (£517m 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.
70
Top in this sector
Fund name1 Year
Man Convertibles Am17.9%
CQS Global Convertible UCITS12.1%
Swisscanto (LU) Bond COCO11.5%
Franklin Gl Cnvtl Secrts11.1%
UBS (L)BdSICConGb€10.3%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • USA44.1%
    Japan11.6%
    France6.9%
    UK5.2%
    Germany3.6%
  • Financials26.2%
    Consumer Discretionary17.4%
    Information Technology17.1%
    Health Care12.7%
    Industrials10.9%
  • Global Fixed Interest97.1%
    International Equities3%
    Money Market-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%1.2%0.5%2.8%0.5%13.7%
Sector-0.4%1.8%2.1%5%6%24.4%
Rank within sector55 / 7143 / 7162 / 7153 / 7157 / 6047 / 51
Quartile4th3rd4th3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.1%-1.3%2.8%-0.7%9%
Sector1.6%0.7%2.9%2.3%11.7%
Rank within sector44 / 7157 / 7038 / 6656 / 6036 / 53
Quartile3rd4th3rd4th3rd
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.
-1.48
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
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%.
5.03
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.
1.71
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.
-1
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.
0.91
Price movement
52 week high187.65
52 week low176.15
Current bid price-
Current offer price-
Current mid price185.69
Region
1USA44.11%
2Japan11.64%
3France6.87%
4UK5.23%
5Germany3.58%
6Canada3.58%
7China3.56%
8Hong Kong3.43%
9Netherlands3%
Industry sector
1Financials26.2%
2Consumer Discretionary17.41%
3Information Technology17.1%
4Health Care12.75%
5Industrials10.92%
6Materials5.95%
7Telecommunications Utilities3.65%
8Energy2.39%
9Utilities1.86%
Asset type
1Global Fixed Interest97.1%
2International Equities2.97%
3Money Market-0.07%
Individual holdings
1ELEMENT FINL CORP 4.25% CNV BDS 30/06/20 CAD10002.37%
2MNV ZRT 3.375% CNV BDS 02/04/19 EUR1000002.22%
3SUZUKI MOTOR CORP 0% CNV BDS 31/03/21 JPY100000002.15%
4DISH NETWORK CORP 3.375% CNV BDS 15/08/26 USD10002.13%
5STEINHOFF FINANCE HOLDING GMBH 1.25% CNV BDS 11/08/22 EUR100000 REG S1.98%
6TWITTER INC 0.25% CNV BDS 15/09/19 USD10001.89%
7AMG CAP TR 5.15% DEB/CONV PFD1.88%
8TELENOR ASA 0.25% CNV BDS 20/09/19 USD2000001.86%
9AIRBUS GROUP SE 0% BDS 14/06/21 EUR1000001.71%
Management
Fund manager group
Oyster Asset Management
Fund manager company
SYZ Asset Management (Luxembou
Fund type
Offshore Fund
Fund objective
The objective of the fund is to provide investors with capital growth, principally by investing globally in bond-like convertibles.
Benchmark
  • BarCap Global Defensive Convertible Index TR Hedged EUR
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Paul L. Latronica26/03/2009Mr. Paul L. Latronica serves as Managing Director and Portfolio Manager of Advent Capital Management, LLC. Mr. Latronica serves as a Co-Portfolio Manager of Advent/Claymore Enhanced Growth & Income Fund. He joined Advent Capital Management in June 2000. Mr. Latronica is responsible for trading and investment analysis. Prior to that, he worked two terms at Alliance Capital Management, where he was an Account Manager for the international closed end division, and also a Portfolio Accountant in the municipal bond division. He served as Chief Financial Officer and Treasurer of Advent Claymore Convertible Securities and Income Fund since June 29, 2005. Between those positions at Alliance, Mr. Latronica worked as an Administrator in fixed income portfolios at Oppenheimer Capital Management. He is a graduate of Franklin & Marshall College and Fordham University Business School.
Hart Woodson26/03/2009Hart Woodson is a Managing Director and Co-Portfolio Manager at Advent Capital Management, LLC. He is responsible for the growth of the Advent's global long-only, hedge, and mutual fund strategies. Prior to joining Advent, Mr. Woodson served as Senior Vice President at GAMCO Asset Management, Inc. and GAMCO Investors, Inc. Prior to joining GAMCO in 1993, he was a Vice President of ABN AMRO Bank. Mr. Woodson served as Credit Analyst at Meridien International Bank. In 2002 he wrote the book Global Convertible Investing. Mr. Woodson received a Master's degree from Columbia University in International Affairs, International Finance, and Banking. He received a Bachelor's degree in History and International Relations from Trinity College.
Advent Capital Management LLC02/04/2009
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Singapore, Sweden
Oyster Global Convertibles C CHF HP
Initial charge1%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price173.99
CurrencyCHF
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WSY
Oyster Global Convertibles C EUR
Initial charge1%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price226.45
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF0Z8
Oyster Global Convertibles C USD
Initial charge1%
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.74%
Bid price-
Offer price-
Mid price225.01
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3Z9
Oyster Global Convertibles I EUR
Initial charge1%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price1101.83
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC4B
Oyster Global Convertibles I M EUR
Initial charge1%
Annual charge0.9%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price-
Offer price-
Mid price1263.81
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKTZ9
Oyster Global Convertibles I M GBP
Initial charge1%
Annual charge0.9%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.15%
Bid price1144.06
Offer price1144.06
Mid price-
CurrencyGBP
Price updated14/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSNM
Oyster Global Convertibles N EUR
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price185.69
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGLL6
Data provided by

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