Fact sheet: Pictet EUR High Yield

Fund information
Fund name
Pictet EUR High Yield R dm
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Roman Gaisersince 31/03/2011
  • Prashant Agarwalsince 01/01/2006
  • Alexander Baskovsince 01/01/2006
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in high-yield, lower-quality fixed-income instruments denominated in EUR.
Benchmark
  • BofA ML European High Yield Constrained
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
2.9%
1 Year rank in sector
24/29
Sector
FO Fixed Int - EUR High Yield
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.
1.89%
Fund size
£1,118m (£1,158m 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.
68
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd28.4%
Pioneer SICV-Eur Hi Yd26.1%
Deutsche Inv I EurHiYdCorp7.9%
Nordea 1 Europ HgYdBd II7%
Schroder ISF EURO Hi Yd6.3%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-1.4%1.5%2.9%6.7%44.6%
Sector-0.9%-0.7%3.1%4.7%11.3%49.1%
Rank within sector26 / 2826 / 2924 / 2924 / 2922 / 2515 / 20
Quartile4th4th4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.2%-0.3%1.8%9.1%24.9%
Sector6.1%0.8%3.2%8.3%22.4%
Rank within sector24 / 2924 / 2920 / 256 / 244 / 21
Quartile4th4th4th1st1st
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.
-1.72
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.
1.11
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%.
4.73
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.
1.28
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.
-1.01
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 high171.91
52 week low159.13
Current bid price-
Current offer price-
Current mid price167.45
Region
1Europe100%
Industry sector
1BB50.1%
2B26.86%
3Non-Rated11.79%
4BBB5.73%
5CCC5.48%
6C0.05%
Asset type
1European 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 at least two-thirds of its total assets in high-yield, lower-quality fixed-income instruments denominated in EUR.
Benchmark
  • BofA ML European High Yield Constrained
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Roman Gaiser31/03/2011Roman Gaiser is Head of High Yield at Pictet Asset Management. He joined Pictet in April 2011. Prior to that, he worked at Threadneedle since 2005 and managed the Threadneedle European High Yield Bond Fund. He was also the co-manager of the Threadneedle Credit Opportunities Fund. Prior to joining Threadneedle, Roman was a Director of high yield credit at F&C. Having worked in the high yield bond market since 2000, he has managed money through all stages of the investment cycle, giving him vital experience of the opportunities and risks involved in the asset class. Roman graduated in 1995 with a post graduate degree in International Economics & Finance from the University of Paris Dauphine. He is a mother-tongue German speaker and is also fluent in English and French.
Prashant Agarwal01/01/2006Prashant Agarwal joined Pictet Asset Management's Fixed Income credit research team in 2004 as Credit Analyst. He also a member of the High Yield investment team. Before joining Pictet, he spent four years at Vertex Entreprises Pvt. Ltd as Director responsible for Operations & Finance. He then spent two years as Manager at ICRA, an associate firm of Moody's Investor Services in India. Prashant holds an MBA from the University of Chicago and a BS in Chemical Engineering from Banaras Hindu University. He is also a Chartered Financial Analyst (CFA) charterholder.
Alexander Baskov01/01/2006Alexander Baskov joined the Fixed Income team of Pictet Asset Management as a Senior Credit Analyst in 2003. He is now Head of High Yield in the Fixed Income team. Before joining Pictet Asset Management, he worked for the fund manager RMF Investment Products, where he was in charge of credit research for European industrial high yield issuers from 1999. Between 1997 and 1999, he was a financial analyst in the project financing group of NatWest Markets in London, following a similar role at Edison Mission Energy, a subsidiary of Edison International. Alexander is a graduate from the Polytechnic University in St. Petersburg, and holds an Executive MBA degree from the HEC Business School in Lausanne.
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, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Peru, Portugal, Singapore, Sweden, Taiwan - Province Of China
Pictet EUR High Yield HI CHF
Initial charge5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price334.32
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA1G0
Pictet EUR High Yield HI JPY
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price30795
CurrencyJPY
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9WR
Pictet EUR High Yield HI USD
Initial charge5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.9%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price341.83
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code10NP
Pictet EUR High Yield HP CHF
Initial charge5%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price309.59
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA1G1
Pictet EUR High Yield HP USD
Initial charge5%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.45%
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price310.32
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4QL
Pictet EUR High Yield HR USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price307.24
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFPMF
Pictet EUR High Yield HR dm USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.95%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price284.73
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFPME
Pictet EUR High Yield HZ CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price335.46
CurrencyCHF
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9RK
Pictet EUR High Yield I
Initial charge5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price252.38
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeXV99
Pictet EUR High Yield I JPY
Initial charge5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price30507
CurrencyJPY
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFJO
Pictet EUR High Yield I dm
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price219.77
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE9TW
Pictet EUR High Yield I dy
Initial charge5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price224.53
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC3Y
Pictet EUR High Yield P
Initial charge5%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price233.71
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePU36
Pictet EUR High Yield P DY
Initial charge5%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.39%
Bid price-
Offer price-
Mid price91.96
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePU37
Pictet EUR High Yield P dm
Initial charge-
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price227.83
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE8BH
Pictet EUR High Yield R
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price218.53
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePU38
Pictet EUR High Yield R dm
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.89%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price167.45
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN6I0
Data provided by

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