Fact sheet: Pictet $ Gov Bonds

Fund information
Fund name
Pictet USD Government Bonds R
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Mickael Benhaimsince 30/01/2009
  • Andres Sanchez Balcazarsince 31/05/2011
Fund objective
The sub-fund seeks capital growth by investing its total assets in a diversified portfolio of bonds mainly issued or guaranteed by national or local governments or by supranational bodies. Investments not denominated in USD will generally be hedged.
Benchmark
  • JPM US Government Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.2%
1 Year rank in sector
45/48
Sector
FO Fixed Int - USD Investment Grade
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.
0.79%
Fund size
£568m (£560m 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.
78
Top in this sector
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...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.1%-4.8%-3.3%0.2%5.7%5%
Sector-2.3%-3.2%-0.8%2.8%9.1%19.3%
Rank within sector50 / 5449 / 5249 / 5245 / 4833 / 4537 / 40
Quartile4th4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund0.7%0.1%5.4%-3.9%2.1%
Sector3.4%-0.7%6%-1.1%10.1%
Rank within sector44 / 4819 / 4725 / 4538 / 4438 / 40
Quartile4th2nd3rd4th4th
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.
-0.89
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.
0.94
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%.
4.13
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.
2.98
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.
-0.37
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.
0.47
Price movement
52 week high622.56
52 week low582.55
Current bid price-
Current offer price-
Current mid price586.83
Region
1USA100%
Industry sector
1AA92.24%
2AAA7.16%
3A0.47%
4Non-Rated0.13%
Asset type
1US Fixed Interest100%
Individual holdings
No data available.
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The sub-fund seeks capital growth by investing its total assets in a diversified portfolio of bonds mainly issued or guaranteed by national or local governments or by supranational bodies. Investments not denominated in USD will generally be hedged.
Benchmark
  • JPM US Government Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mickael Benhaim30/01/2009Mickael Benhaim joined Pictet Asset Management's Fixed Income team in 2006 as Head of Global Bonds. He is a member of the credit and absolute return committee. Before joining Pictet, he was Head of Euro Aggregate Fixed Income for AXA Investment Managers where he worked for five years. Mickael has more than 15 years' professional experience that includes working at the Dresdner Group and BNP Paribas Group. Mickael holds a MSc in Mathematics and a degree in stochastic models from the University of Paris Jussieu and Paris Panthéon-Sorbonne.
Andres Sanchez Balcazar31/05/2011Andres Sanchez Balcazar is Co-Head of the Global and Regional Bond team. He joined Pictet Asset Management in March 2011 from Western Asset Management where he was one of the senior portfolio managers responsible for global macro, asset and currency allocation. Before Western Asset Management, Andres spent five years with Mercury/Merrill Lynch Investment Managers.
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, Chile, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Peru, Portugal, Singapore, Sweden
Pictet USD Government Bonds HI EUR
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price560.47
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUBM
Pictet USD Government Bonds HI SEK
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price5404.9
CurrencySEK
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC0XS
Pictet USD Government Bonds HP DY
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price326.21
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFVLO
Pictet USD Government Bonds I
Initial charge5%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.39%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price638.24
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codePU54
Pictet USD Government Bonds I dy
Initial charge5%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.39%
Total expense ratio (TER)0.4%
Bid price-
Offer price-
Mid price582.64
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC4Z
Pictet USD Government Bonds P
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price610.96
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeXV41
Pictet USD Government Bonds P DY
Initial charge5%
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price359.49
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePU55
Pictet USD Government Bonds R
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price586.83
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePU56
Pictet USD Government Bonds Z
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price656.4
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSU1
Data provided by

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