Fact sheet: Pictet EUR Sht MidTm Bds

Fund information
Fund name
Pictet EUR Short Mid-Term Bonds R
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Frederic Salmonsince 29/09/2006
  • Justine Vromansince 31/08/2013
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of short-term and medium-term bonds denominated in EUR.
Benchmark
  • J.P. Morgan EMU Government Bond Investment Grade Index 1-3 years
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.2%
1 Year rank in sector
22/30
Sector
FO Fixed Int - EUR Short/ Medium Maturity
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.
0.62%
Fund size
£822m (£679m 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.
67
Top in this sector
Fund name1 Year
Boost Bund 10Y 3x Leverage Dly ETP16.8%
Petercam L Bds EUR HiYldShtTm4.1%
Dimensional € I L ItrDrFxI3%
Pictet EUR Sht Trm Hgh Yld2.8%
ECM Short Dur Credit2.2%
...more in FO Fixed Int - EUR Short/ Medium Maturity

Performance snapshot

Holdings snapshot

  • Italy24%
    USA17.9%
    Spain13.8%
    Others13.2%
    Sweden9.6%
  • BBB37.8%
    AA33.4%
    A25.6%
    AAA2%
    Non-Rated1.2%
  • Italian Fixed Interest24%
    US Fixed Interest17.9%
    Spanish Fixed Interest13.8%
    Global Fixed Interest13.2%
    Swedish Fixed Interest9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-0.6%-0.4%-0.2%1.4%8.7%
Sector-0.3%-0.7%-0.1%0.7%4.4%12%
Rank within sector16 / 3016 / 3021 / 3022 / 3019 / 2813 / 23
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.2%0%1.5%1.7%4.5%
Sector0.8%0.2%3.4%1%5.3%
Rank within sector25 / 3015 / 2916 / 288 / 2413 / 23
Quartile4th3rd3rd2nd3rd
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.
-0.19
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.
0.45
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%.
0.56
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.
0.65
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.
-1.47
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.
0.69
Price movement
52 week high131.57
52 week low130.74
Current bid price-
Current offer price-
Current mid price130.78
Region
1Italy24.01%
2USA17.88%
3Spain13.81%
4Others13.24%
5Sweden9.56%
6France6.8%
7Canada6.25%
8Australia4.31%
9Netherlands2.93%
Industry sector
1BBB37.82%
2AA33.38%
3A25.6%
4AAA1.97%
5Non-Rated1.22%
Asset type
1Italian Fixed Interest24.01%
2US Fixed Interest17.88%
3Spanish Fixed Interest13.81%
4Global Fixed Interest13.24%
5Swedish Fixed Interest9.56%
6French Fixed Interest6.8%
7Canadian Fixed Interest6.25%
8Australian Fixed Interest4.31%
9Dutch Fixed Interest2.93%
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 a diversified portfolio of short-term and medium-term bonds denominated in EUR.
Benchmark
  • J.P. Morgan EMU Government Bond Investment Grade Index 1-3 years
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Frederic Salmon29/09/2006Frédéric 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).
Justine Vroman31/08/2013Justine Vroman joined Pictet Asset Management in 2010. She is an Investment Manager in the Fixed Income team, specialising in Investment Grade Credit. Before taking up her current position, she was a graduate intern with the Fixed Income unit for a year. Before joining Pictet, she completed three 6-month internships as an Analyst Trainee, first with Natixis, then at Calyon Credit Agricole Corporate and Investment Banking, and finally with Clarified Partners. Justine holds an Master's in Finance from EDHEC Business School and Strathclyde University. She is also a Certified International Investment Analyst (CIIA).
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, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Offshore, Peru, Portugal, Singapore, Sweden
Pictet EUR Short Mid-Term Bonds HI CHF
Initial charge5%
Annual charge0.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.37%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price116.91
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeA1F6
Pictet EUR Short Mid-Term Bonds HP CHF
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price113.95
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB8Y1
Pictet EUR Short Mid-Term Bonds I
Initial charge5%
Annual charge0.1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)0.32%
Bid price-
Offer price-
Mid price136.99
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeP298
Pictet EUR Short Mid-Term Bonds P
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)0.47%
Bid price-
Offer price-
Mid price133.72
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeP299
Pictet EUR Short Mid-Term Bonds P DY
Initial charge5%
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.47%
Total expense ratio (TER)0.47%
Bid price-
Offer price-
Mid price86.33
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeP300
Pictet EUR Short Mid-Term Bonds R
Initial charge5%
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price130.78
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeP301
Pictet EUR Short Mid-Term Bonds Z
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.04%
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price140.31
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDSV1
Data provided by

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