Fact sheet: Pictet EUR Crprate Bds

Fund information
Fund name
Pictet EUR Corporate Bonds R dm
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Mathieu Magninsince 01/01/2009
  • Frederic Salmonsince 21/06/2007
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its assets in a diversified portfolio of high-quality bonds denominated in EUR and issued by investment-grade companies.
Benchmark
  • Barclays Euro Aggregate corporates
Investment style
None
Investment method
Mixed
Quick stats
1 Year return
2.1%
1 Year rank in sector
31/41
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
£1,271m (£1,417m 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.
69
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

  • USA18.6%
    France17.8%
    Others17.1%
    Germany12.1%
    UK11.6%
  • BBB63.3%
    A34.8%
    AA4.3%
    BB1.2%
    Non-Rated1.2%
  • US Fixed Interest18.6%
    French Fixed Interest17.8%
    Global Fixed Interest17.1%
    German Fixed Interest12.1%
    UK Fixed Interest11.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-2.8%-0.5%2.1%8.4%26.4%
Sector-1.4%-2.3%0.6%3.2%9.9%28.2%
Rank within sector31 / 4333 / 4235 / 4231 / 4130 / 3924 / 34
Quartile3rd4th4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.4%-1.5%7.4%1.6%13.8%
Sector3.7%-1%6.9%2.2%13.3%
Rank within sector32 / 4133 / 4122 / 3934 / 3814 / 34
Quartile4th4th3rd4th2nd
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.
-0.56
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
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%.
3.11
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.
0.78
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.
-0.73
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.
0.94
Price movement
52 week high161.43
52 week low154.37
Current bid price-
Current offer price-
Current mid price155.51
Region
1USA18.57%
2France17.82%
3Others17.13%
4Germany12.09%
5UK11.6%
6Netherlands6.27%
7Spain6.08%
8Italy5.07%
9Sweden4.3%
Industry sector
1BBB63.25%
2A34.76%
3AA4.29%
4BB1.24%
5Non-Rated1.17%
6AAA0.68%
7B-5.39%
Asset type
1US Fixed Interest18.57%
2French Fixed Interest17.82%
3Global Fixed Interest17.13%
4German Fixed Interest12.09%
5UK Fixed Interest11.6%
6Dutch Fixed Interest6.27%
7Spanish Fixed Interest6.08%
8Italian Fixed Interest5.07%
9Swedish Fixed Interest4.3%
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 at least two-thirds of its assets in a diversified portfolio of high-quality bonds denominated in EUR and issued by investment-grade companies.
Benchmark
  • Barclays Euro Aggregate corporates
Investment style
None
Investment method
Mixed
Fund managers
NameSinceBiography
Mathieu Magnin01/01/2009Mathieu Magnin joined Pictet Asset Management in 2003. He has 13 years of investment experience.
Frederic Salmon21/06/2007Frédéric 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).
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, Chile, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden
Pictet EUR Corporate Bonds 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 price269.68
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB8X5
Pictet EUR Corporate Bonds 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 price238.11
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB8X6
Pictet EUR Corporate Bonds 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 price253.47
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB8X7
Pictet EUR Corporate Bonds 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 price223.76
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB8X8
Pictet EUR Corporate Bonds HR CHF
Initial charge5%
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price266.99
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2FX
Pictet EUR Corporate Bonds HR USD
Initial charge5%
Annual charge1.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.49%
Bid price-
Offer price-
Mid price229.55
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0QWY
Pictet EUR Corporate Bonds 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 price279.58
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOIX
Pictet EUR Corporate Bonds 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)0.7%
Bid price-
Offer price-
Mid price205.28
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codePU43
Pictet EUR Corporate Bonds 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 price190.58
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCNM
Pictet EUR Corporate Bonds 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)1.1%
Bid price-
Offer price-
Mid price192.84
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePU44
Pictet EUR Corporate Bonds 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 price106.78
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePU45
Pictet EUR Corporate Bonds 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)1.45%
Bid price-
Offer price-
Mid price184.91
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePU46
Pictet EUR Corporate Bonds R dm
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 price155.51
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN6I2
Pictet EUR Corporate Bonds Z
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.09%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price214.89
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSU5
Pictet EUR Corporate Bonds Z dy
Initial charge5%
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 price118.14
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDSU6
Data provided by

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