Fact sheet: Pictet EUR Crprate Bds

Fund information
Fund name
Pictet EUR Corporate Bonds R
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Mathieu Magninsince 01/01/2009
  • Frederic Salmonsince 22/06/2007
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
  • BLOOMBERG BARCLAYS EURO-AGG CORPORATE HEDGED IN CHF
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.4%
1 Year rank in sector
48/58
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.
1.38%
Fund size
£1,092m (£1,507m 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.
70
Top in this sector
Fund name1 Year
Capital Group ECorpBdLUX17.9%
Edmond de Rothschild SgFnBd9%
Robeco Fin Instns Bonds8.6%
Union UnInstEurSbrdnBnds8.3%
Schroder ISF €Cp Bd5.5%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • USA19.1%
    France17.9%
    Germany12.3%
    UK12.1%
    Others10.5%
  • Fixed Interest92%
    Money Market8%
  • US Fixed Interest19.1%
    French Fixed Interest17.9%
    German Fixed Interest12.3%
    UK Fixed Interest12.1%
    Global Fixed Interest10.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%-0.1%0.9%1.4%5.8%19.7%
Sector0.5%0.4%1.7%3.5%8%23.1%
Rank within sector43 / 5943 / 5945 / 5948 / 5847 / 5538 / 46
Quartile3rd3rd4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.4%3.4%-1.5%7.4%1.6%
Sector1%4.7%-1%6.9%2.2%
Rank within sector44 / 5947 / 5745 / 5629 / 5240 / 49
Quartile3rd4th4th3rd4th
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.
-0.63
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%.
3.12
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.
0.74
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.
-0.85
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 high190.61
52 week low184.64
Current bid price-
Current offer price-
Current mid price187.33
Region
1USA19.1%
2France17.9%
3Germany12.3%
4UK12.1%
5Others10.5%
6Money Market8%
7Italy5.8%
8Spain5.6%
9Netherlands5.2%
Industry sector
1Fixed Interest92%
2Money Market8%
Asset type
1US Fixed Interest19.1%
2French Fixed Interest17.9%
3German Fixed Interest12.3%
4UK Fixed Interest12.1%
5Global Fixed Interest10.5%
6Money Market8%
7Italian Fixed Interest5.8%
8Spanish Fixed Interest5.6%
9Dutch Fixed Interest5.2%
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
  • BLOOMBERG BARCLAYS EURO-AGG CORPORATE HEDGED IN CHF
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mathieu Magnin01/01/2009Mathieu Magnin joined Pictet Asset Management in 2003. He has 13 years of investment experience.
Frederic Salmon22/06/2007Frédéric 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)0.69%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price273.42
CurrencyCHF
Price updated24/05/2017
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)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price244.06
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeB8X6
Pictet EUR Corporate Bonds HP CHF
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price256.51
CurrencyCHF
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB8X7
Pictet EUR Corporate Bonds HP USD
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.09%
Total expense ratio (TER)1.08%
Bid price-
Offer price-
Mid price228.93
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB8X8
Pictet EUR Corporate Bonds HR CHF
Initial charge5%
Annual charge1.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price269.76
CurrencyCHF
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2FX
Pictet EUR Corporate Bonds HR USD
Initial charge5%
Annual charge1.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price234.48
CurrencyUSD
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0QWY
Pictet EUR Corporate Bonds HZ CHF
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price284.13
CurrencyCHF
Price updated24/05/2017
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)0.64%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price208.67
CurrencyEUR
Price updated24/05/2017
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)0.64%
Total expense ratio (TER)0.63%
Bid price-
Offer price-
Mid price193.73
CurrencyEUR
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFCNM
Pictet EUR Corporate Bonds P
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.03%
Bid price-
Offer price-
Mid price195.67
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePU44
Pictet EUR Corporate Bonds P DY
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price108.35
CurrencyEUR
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePU45
Pictet EUR Corporate Bonds R
Initial charge5%
Annual charge1.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price187.33
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePU46
Pictet EUR Corporate Bonds R dm
Initial charge5%
Annual charge1.15%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.38%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price156.09
CurrencyEUR
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN6I2
Pictet EUR Corporate Bonds Z
Initial charge5%
Annual charge-
Min single investment£10,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.09%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price218.97
CurrencyEUR
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSU5
Pictet EUR Corporate Bonds Z dy
Initial charge5%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.09%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price120.38
CurrencyEUR
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDSU6
Data provided by

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