Fact sheet: Pictet EUR Sht Trm Hgh Yld

Fund information
Fund name
Pictet EUR Short Term High Yield R dm
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Roman Gaisersince 31/01/2012
  • Prashant Agarwalsince 31/01/2012
  • Alexander Baskovsince 31/01/2012
Fund objective
The sub-fund will invest mostly in high-yield, lower quality fixed income instruments denominated in EUR, with a maximum maturity of 6 years. The residual duration of the portfolio will not exceed 3 years.
Benchmark
  • Merrill Lynch Euro High Yield BB-B Rated Non Financial Constrained
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
2.8%
1 Year rank in sector
3/30
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.
1.59%
Fund size
£3,993m (£2,521m 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.
65
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

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0.2%0.8%2.8%4.7%-
Sector-0.3%-0.7%-0.1%0.7%4.4%12%
Rank within sector5 / 306 / 302 / 303 / 309 / 28-
Quartile1st1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.4%1.4%-0.3%--
Sector0.8%0.2%3.4%1%5.3%
Rank within sector3 / 302 / 2928 / 28--
Quartile1st1st4th
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.
-0.13
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.
1.19
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%.
2.3
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.
1.95
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.
0.06
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.
0.29
Price movement
52 week high103.45
52 week low100.25
Current bid price-
Current offer price-
Current mid price101.66
Region
No data available.
Industry sector
1B40.32%
2BB40.14%
3Non-Rated11.16%
4BBB5.25%
5CCC2.34%
6A0.45%
7AA0.32%
Asset type
No data available.
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 will invest mostly in high-yield, lower quality fixed income instruments denominated in EUR, with a maximum maturity of 6 years. The residual duration of the portfolio will not exceed 3 years.
Benchmark
  • Merrill Lynch Euro High Yield BB-B Rated Non Financial Constrained
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Roman Gaiser31/01/2012Roman 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 Agarwal31/01/2012Prashant 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 Baskov31/01/2012Alexander 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, Portugal, Singapore, Sweden
Pictet EUR Short Term High Yield HI CHF
Initial charge5%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price145.71
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0RHW
Pictet EUR Short Term High Yield HI JPY
Initial charge5%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price11787
CurrencyJPY
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF13T
Pictet EUR Short Term High Yield HI USD
Initial charge5%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price165.79
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0RHX
Pictet EUR Short Term High Yield HP CHF
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price142.54
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RHY
Pictet EUR Short Term High Yield HP USD
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price162.2
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RHZ
Pictet EUR Short Term High Yield HR CHF
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price139.79
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RI0
Pictet EUR Short Term High Yield HR USD
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.64%
Bid price-
Offer price-
Mid price159.1
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RI1
Pictet EUR Short Term High Yield I
Initial charge5%
Annual charge0.45%
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 price124.25
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0RI2
Pictet EUR Short Term High Yield I JPY
Initial charge5%
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price10406
CurrencyJPY
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF8U
Pictet EUR Short Term High Yield I dm
Initial charge-
Annual charge0.45%
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 price109.1
CurrencyEUR
Price updated02/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE9TL
Pictet EUR Short Term High Yield I dy
Initial charge5%
Annual charge0.45%
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 price111.42
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFC3U
Pictet EUR Short Term High Yield P
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price121.56
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RI3
Pictet EUR Short Term High Yield P dm
Initial charge-
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE8BI
Pictet EUR Short Term High Yield P dy
Initial charge5%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price102.2
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0RI4
Pictet EUR Short Term High Yield R
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price119.24
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RI5
Pictet EUR Short Term High Yield R dm
Initial charge5%
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price101.66
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF7FA
Pictet EUR Short Term High Yield 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 price128.15
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOLF
Data provided by

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