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 29/09/2014
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
2.2%
1 Year rank in sector
206/297
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
£141m (£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.
71
Top in this sector
Fund name1 Year
Twelve Falcon Ins Lkd Strat211.9%
Capital Group GHIOL38.4%
Dodge & Cox Global Bond27.7%
Franklin Gbl HiInc Bd22.9%
Natixis H2O Multibonds22%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • France34.5%
    Italy18.7%
    Spain14.9%
    Germany8.5%
    Money Market7.9%
  • Government Bonds51.5%
    Banks15.1%
    Government Agency Bonds14.2%
    Cash & Cash Equivalents7.9%
    Mutual Funds7.3%
  • French Fixed Interest34.5%
    Italian Fixed Interest18.7%
    Spanish Fixed Interest14.9%
    German Fixed Interest8.5%
    Money Market7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%0.3%-0.8%2.2%3.8%-
Sector0.7%1.5%-0.8%5.6%6.4%11.5%
Rank within sector312 / 328255 / 320144 / 309206 / 297149 / 238-
Quartile4th4th2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund-0.8%2.6%1.5%--
Sector0.9%4.6%-1.6%3.7%-1.6%
Rank within sector315 / 326178 / 29540 / 270--
Quartile4th3rd1st
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 low101.67
Current bid price-
Current offer price-
Current mid price103.92
Region
1France34.45%
2Italy18.7%
3Spain14.89%
4Germany8.45%
5Money Market7.9%
6Belgium7.86%
7Others4.7%
8Ireland3.05%
Industry sector
1Government Bonds51.46%
2Banks15.05%
3Government Agency Bonds14.19%
4Cash & Cash Equivalents7.9%
5Mutual Funds7.33%
6Others3.03%
7Local Government Bonds1.04%
Asset type
1French Fixed Interest34.45%
2Italian Fixed Interest18.7%
3Spanish Fixed Interest14.89%
4German Fixed Interest8.45%
5Money Market7.9%
6Belgian Fixed Interest7.86%
7Global Fixed Interest4.7%
8Irish Fixed Interest3.05%
Individual holdings
1BNP PARIBAS LCR 17.9%
2KREDITANSTALT FUER WIEDERAUFBAU KFW 0.625% BDS 15/01/25 EUR10007.73%
3SPAIN(KINGDOM OF) 2.75% BDS 31/10/24 EUR10005.44%
4FRANCE(GOVT OF) 0.5% BDS 25/05/25 EUR14.2%
5ITALY(REPUBLIC OF) 1.45% BDS 15/09/22 EUR10004%
6BPCE SA 2% BDS 24/04/18 EUR1000003.56%
7BNP PARIBAS 2.88 27/11/20173.53%
8BELGIUM 0.2%16-221023 0.20 22/10/20233.07%
9ITALY(REPUBLIC OF) 4% BDS 01/02/37 EUR10002.97%
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 Barbe29/09/2014Patrick 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, Transparent for German 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)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price49.8
CurrencyEUR
Price updated22/02/2017
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)1.18%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.68
CurrencyEUR
Price updated22/02/2017
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 price103.92
CurrencyEUR
Price updated22/02/2017
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 price101.26
CurrencyEUR
Price updated22/02/2017
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)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.99
CurrencyEUR
Price updated22/02/2017
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 price104.57
CurrencyEUR
Price updated22/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPDL
Data provided by

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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.