Fact sheet: Pictet EURShtTmCorpBds

Fund information
Fund name
Pictet EUR Short Term Corporate Bonds R dm
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Justine Vromansince 25/11/2013
  • Frederic Salmonsince 25/11/2013
Fund objective
The compartment mainly invests in corporate fixed income instruments of investment grade, denominated in euros, with a maturity less than or equal to six years. The average residual maturity of the portfolio must not exceed three years.
Benchmark
  • Barcap Euro Aggregate Corporate 1-3 yrs A-BBB bond index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.3%
1 Year rank in sector
16/30
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%
Fund size
£796m (£298m 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 ETP12.8%
Petercam L Bds EUR HiYldShtTm4.1%
Pictet EUR Sht Trm Hgh Yld2.9%
Dimensional € I L ItrDrFxI2.5%
Oddo Cmp Eur CrShDur2.1%
...more in FO Fixed Int - EUR Short/ Medium Maturity

Performance snapshot

Holdings snapshot

  • Others15.8%
    France15.5%
    UK15.4%
    USA11.5%
    Germany11.2%
  • BBB71.1%
    A19.8%
    BB8.7%
    Non-Rated3.7%
    AA0.8%
  • Global Fixed Interest15.8%
    French Fixed Interest15.5%
    UK Fixed Interest15.4%
    US Fixed Interest11.5%
    German Fixed Interest11.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.8%-0.1%0.3%2.8%-
Sector-0.3%-0.7%-0.1%0.6%4.4%11.9%
Rank within sector24 / 3023 / 3013 / 3016 / 3011 / 28-
Quartile4th4th2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund0.6%-0.2%2.1%--
Sector0.8%0.2%3.4%1%5.3%
Rank within sector12 / 3020 / 2911 / 28--
Quartile2nd3rd2nd
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.
0.76
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%.
1
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.
0.66
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.
-0.77
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.
0.62
Price movement
52 week high95.57
52 week low92.62
Current bid price-
Current offer price-
Current mid price92.62
Region
1Others15.84%
2France15.5%
3UK15.37%
4USA11.5%
5Germany11.17%
6Italy10.26%
7Spain7.72%
8Switzerland5.14%
9Netherlands3.78%
Industry sector
1BBB71.09%
2A19.83%
3BB8.7%
4Non-Rated3.73%
5AA0.8%
6B-4.15%
Asset type
1Global Fixed Interest15.84%
2French Fixed Interest15.5%
3UK Fixed Interest15.37%
4US Fixed Interest11.5%
5German Fixed Interest11.17%
6Italian Fixed Interest10.26%
7Spanish Fixed Interest7.72%
8Swiss Fixed Interest5.14%
9Dutch Fixed Interest3.78%
Individual holdings
No data available.
Management
Fund manager group
Pictet
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund objective
The compartment mainly invests in corporate fixed income instruments of investment grade, denominated in euros, with a maturity less than or equal to six years. The average residual maturity of the portfolio must not exceed three years.
Benchmark
  • Barcap Euro Aggregate Corporate 1-3 yrs A-BBB bond index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Justine Vroman25/11/2013Justine 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).
Frederic Salmon25/11/2013Frédéric 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, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Italy, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Pictet EUR Short Term Corporate Bonds HI CHF
Initial charge0.6%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price126.01
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEXZ
Pictet EUR Short Term Corporate Bonds HI USD
Initial charge0.6%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.54%
Bid price-
Offer price-
Mid price142.88
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFEYA
Pictet EUR Short Term Corporate Bonds HI dy JPY
Initial charge5%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.54%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price14044
CurrencyJPY
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFNVI
Pictet EUR Short Term Corporate Bonds HP CHF
Initial charge0.9%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price125.06
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEYB
Pictet EUR Short Term Corporate Bonds HP USD
Initial charge0.9%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price141.8
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEYC
Pictet EUR Short Term Corporate Bonds HR CHF
Initial charge1.25%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price124.11
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEYD
Pictet EUR Short Term Corporate Bonds HR USD
Initial charge1.25%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price140.73
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEYE
Pictet EUR Short Term Corporate Bonds I
Initial charge0.6%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.5%
Total expense ratio (TER)0.5%
Bid price-
Offer price-
Mid price104.27
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF8O
Pictet EUR Short Term Corporate Bonds P
Initial charge0.9%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price103.49
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEXW
Pictet EUR Short Term Corporate Bonds P dy
Initial charge0.9%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price98.09
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFEXX
Pictet EUR Short Term Corporate Bonds R
Initial charge1.25%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price102.7
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFEXY
Pictet EUR Short Term Corporate Bonds R dm
Initial charge1.25%
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price92.62
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFF8Q
Pictet EUR Short Term 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)0.11%
Bid price-
Offer price-
Mid price105.54
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFF8P
Data provided by

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