Fact sheet: Parvest Flex Bd Eur

Fund information
Fund name
Parvest Flexible Bond Euro I Cap EUR
Fund manager company
BNP Paribas Invest Partners Lu
Fund type
Offshore Fund
Fund manager
  • Patrick Barbesince 30/09/2014
Fund objective
Achieve a performance higher than the EURIBOR 3 months index over a 3 years minimum investment period.
Benchmark
  • EURIBOR 3M
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
4.1%
1 Year rank in sector
201/287
Sector
FO Fixed Int - Global
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.
0.58%
Fund size
£110m (£109m 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.
63
Top in this sector
Fund name1 Year
Capital Group GHIOL34.5%
Dodge & Cox Global Bond27.5%
Russell Gbl Bd27.2%
La Mondiale Global Bond26.9%
Aberdeen Global II GlGovtBd26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • France51.4%
    Italy18.1%
    Spain11%
    Money Market7%
    Belgium4.5%
  • Government Bonds43.4%
    Banks19.4%
    Government Agency Bonds12.6%
    Mutual Funds9.5%
    Cash & Cash Equivalents7%
  • French Fixed Interest51.4%
    Italian Fixed Interest18.1%
    Spanish Fixed Interest11%
    Money Market7%
    Belgian Fixed Interest4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%0.7%1.6%4.1%--
Sector0%2%4.4%6.2%8.6%17.4%
Rank within sector217 / 305232 / 303260 / 301201 / 287--
Quartile3rd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.4%1.5%---
Sector6.4%-1.6%3.7%-1.6%8.2%
Rank within sector252 / 29741 / 275---
Quartile4th1st
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 high104.92
52 week low100.58
Current bid price-
Current offer price-
Current mid price104.54
Region
1France51.41%
2Italy18.14%
3Spain11.02%
4Money Market6.99%
5Belgium4.45%
6Germany4.44%
7Others2.3%
8Netherlands1.27%
Industry sector
1Government Bonds43.39%
2Banks19.44%
3Government Agency Bonds12.56%
4Mutual Funds9.45%
5Cash & Cash Equivalents6.99%
6Others6.18%
7Insurance2%
Asset type
1French Fixed Interest51.41%
2Italian Fixed Interest18.14%
3Spanish Fixed Interest11.02%
4Money Market6.99%
5Belgian Fixed Interest4.45%
6German Fixed Interest4.44%
7Global Fixed Interest2.3%
8Dutch Fixed Interest1.27%
Individual holdings
1FRANCE(GOVT OF) 0.5% BDS 25/05/25 EUR114.18%
2BNP PARIBAS LCR 19.45%
3SPAIN(KINGDOM OF) 2.75% BDS 31/10/24 EUR10006.75%
4ITALY(REPUBLIC OF) 1.45% BDS 15/09/22 EUR10004.9%
5IMPERIAL TOBACCO 4.50 05/07/20184.32%
6BPCE SA 2% BDS 24/04/18 EUR1000004.25%
7ITALY(REPUBLIC OF) 4% BDS 01/02/37 EUR10003.88%
8BELGIUM(KINGDOM OF) 1% BDS 22/06/31 EUR0.013.37%
9ITALY(REPUBLIC OF) 5.5% BDS 01/11/22 EUR10003.37%
Management
Fund manager group
BNP Paribas Invest Partners
Fund manager company
BNP Paribas Invest Partners Lu
Fund type
Offshore Fund
Fund objective
Achieve a performance higher than the EURIBOR 3 months index over a 3 years minimum investment period.
Benchmark
  • EURIBOR 3M
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Patrick Barbe30/09/2014Patrick Barbe has been Head of the European Fixed Income investment team at BNP Paribas Asset Management since 2000. As such, he is responsible for defining and piloting the management process and the investment strategy implemented by the management team. He specifies and coordinates the activities of each of the team members. He also actively participates in designing and developing the product range. Besides his management responsibilities, Patrick is a portfolio manager, in charge of defining duration bets, their size and their day-to-day adjustments, for the team. Patrick has acquired considerable expertise from his long professional experience in credit and fixed income management. Prior to joining BNP Paribas Asset Management, he was Head of European Fixed Income at BNP Gestions (a former BNP Paribas subsidiary) from 1997 to 2000. Between 1995 and 1996, he was Assistant Head of French Fixed Income. From 1988 to 1994, he worked as a portfolio manager for dedicated mutual funds with BNP (a former BNP Paribas subsidiary). Patrick graduated in Actuarial Studies from the Institut de Science Financière et d'Assurances in Lyon, France (1988).
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Spain, France, United Kingdom, Greece, Italy, Luxembourg, Malta, Netherlands, Offshore
Parvest Flexible Bond Euro Classic Cap EUR
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.98%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price50.21
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOQZ
Parvest Flexible Bond Euro Classic Dis EUR
Initial charge3%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.36
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFUNZ
Parvest Flexible Bond Euro I Cap EUR
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.54
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOQY
Parvest Flexible Bond Euro N Cap EUR
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.67%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price102.31
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPDJ
Parvest Flexible Bond Euro Privilege Cap EUR
Initial charge3%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.09
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPDK
Parvest Flexible Bond Euro X Cap EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.03
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPDL
Data provided by

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