Fact sheet: Pictet EUR Corp Bds Ex Fin

Fund information
Fund name
Pictet EUR Corporate Bonds Ex Financial R
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Frederic Salmonsince 23/06/2010
  • Mathieu Magninsince 23/06/2010
Fund objective
The fund's objective is to invest mainly in EUR-denominated fixed income instruments issued by investment-grade non-financial corporations. Performance is achieved through thorough analysis of our dedicated credit team within a rigorous risk control framework. The base currency is the EUR; currency-hedged share classes in CHF and USD are also available.
Benchmark
  • Barclays Euro Aggregate Corporate ex Financials Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.7%
1 Year rank in sector
21/41
Sector
FO Fixed Int - EUR Corporate Bond
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.
1.44%
Fund size
£356m (£275m 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
Schroder ISF €Cp Bd4.6%
LO SelTheCredit Bd EUR4.4%
JI High Grade Corporate Bonds CL4%
Morg Stnly Euro Corp Bond3.7%
Vontobel €CorpBdMidYd3.7%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • France21.1%
    Others18.6%
    USA16.1%
    Germany13.2%
    UK10.7%
  • BBB62.9%
    A34%
    AA2.4%
    BB1.7%
    Non-Rated1.2%
  • French Fixed Interest21.1%
    Global Fixed Interest18.6%
    US Fixed Interest16.1%
    German Fixed Interest13.2%
    UK Fixed Interest10.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-2.8%-0.7%2.7%8.4%19.9%
Sector-1.4%-2.3%0.6%3.2%9.9%28.2%
Rank within sector33 / 4336 / 4239 / 4221 / 4131 / 3931 / 34
Quartile4th4th4th3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.2%-2.4%7.8%0.6%9.3%
Sector3.7%-1%6.9%2.2%13.3%
Rank within sector20 / 4140 / 4116 / 3936 / 3831 / 34
Quartile2nd4th2nd4th4th
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.
-0.7
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.
1.07
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%.
3.4
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.
1.1
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.
-0.46
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.
0.9
Price movement
52 week high143.97
52 week low133.88
Current bid price-
Current offer price-
Current mid price139.56
Region
1France21.07%
2Others18.59%
3USA16.09%
4Germany13.17%
5UK10.66%
6Spain6.94%
7Italy5.08%
8Netherlands3.95%
9Australia3.39%
Industry sector
1BBB62.88%
2A33.95%
3AA2.44%
4BB1.71%
5Non-Rated1.15%
6AAA0.82%
7B-2.95%
Asset type
1French Fixed Interest21.07%
2Global Fixed Interest18.59%
3US Fixed Interest16.09%
4German Fixed Interest13.17%
5UK Fixed Interest10.66%
6Spanish Fixed Interest6.94%
7Italian Fixed Interest5.08%
8Dutch Fixed Interest3.95%
9Australian Fixed Interest3.39%
Individual holdings
No data available.
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The fund's objective is to invest mainly in EUR-denominated fixed income instruments issued by investment-grade non-financial corporations. Performance is achieved through thorough analysis of our dedicated credit team within a rigorous risk control framework. The base currency is the EUR; currency-hedged share classes in CHF and USD are also available.
Benchmark
  • Barclays Euro Aggregate Corporate ex Financials Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Frederic Salmon23/06/2010Frédéric Salmon joined Pictet Asset Management in 2006 as Head of Credit Investment Grade in the Fixed Income team. Before joining Pictet, he worked for AXA Investment Managers and IXIS Asset Management as Senior Credit Portfolio Manager and Head of Credit respectively. Previously he worked for Sogéposte SA which is part of the IXIS Group as Fixed Income Portfolio Manager and Head of Credit. Frédéric holds a Diploma of Advanced Studies in Finance from the University of Paris II and a Master's degree in Management from the University of Paris XIII. He also holds a diploma from the Société Française des Analystes Financiers (SFAF).
Mathieu Magnin23/06/2010Mathieu Magnin joined Pictet Asset Management in 2003. He has 13 years of investment experience.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Pictet EUR Corporate Bonds Ex Financial HI CHF
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price213.93
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKBH7
Pictet EUR Corporate Bonds Ex Financial HI USD
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price198.87
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC3P
Pictet EUR Corporate Bonds Ex Financial HP CHF
Initial charge5%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price170.76
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LD6
Pictet EUR Corporate Bonds Ex Financial HP USD
Initial charge5%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price196.3
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0LD5
Pictet EUR Corporate Bonds Ex Financial HZ CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price194.36
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOJT
Pictet EUR Corporate Bonds Ex Financial I
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price148.03
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKBH8
Pictet EUR Corporate Bonds Ex Financial I dy
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price137.68
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC3Q
Pictet EUR Corporate Bonds Ex Financial P
Initial charge5%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price143.39
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKBH9
Pictet EUR Corporate Bonds Ex Financial P dy
Initial charge5%
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.09%
Bid price-
Offer price-
Mid price115.17
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKBI0
Pictet EUR Corporate Bonds Ex Financial R
Initial charge5%
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price139.56
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKBI1
Pictet EUR Corporate Bonds Ex Financial Z EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.09%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price154.95
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOKG
Data provided by

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