Fact sheet: Pictet Gbl Bds Fundamental

Fund information
Fund name
Pictet Global Bonds Fundamental R EUR
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Mickael Benhaimsince 12/01/2012
  • David Boppsince 12/01/2012
Fund objective
The sub-fund seeks capital growth by investing mainly in a diversified portfolio of bonds issued or guaranteed by national or local governments or by supranational bodies and selected using a fundamental approach. The investments may be made in all markets.
Benchmark
  • Citigroup WGBI All Mats
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.5%
1 Year rank in sector
83/287
Sector
FO Fixed Int - Global
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.
1.24%
Fund size
£25m (£32m 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.
66
Top in this sector
Fund name1 Year
Capital Group GHIOL34.5%
Dodge & Cox Global Bond27.5%
Russell Gbl Bd27.2%
La Mondiale Global Bond26.9%
Aberdeen Global II GlGovtBd26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-0.2%3.5%8.5%15.6%-
Sector0%2%4.4%6.2%8.6%17.4%
Rank within sector215 / 305285 / 303186 / 30183 / 28763 / 228-
Quartile3rd4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.6%1.7%10.4%-9.6%-
Sector6.4%-1.6%3.7%-1.6%8.2%
Rank within sector145 / 29738 / 27525 / 236198 / 204-
Quartile2nd1st1st4th
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.
1.47
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.
1.15
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.
0.22
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%.
6.18
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.
5.41
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.
0.33
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.
0.23
Price movement
52 week high111.71
52 week low102.09
Current bid price-
Current offer price-
Current mid price110.23
Region
1International100%
Industry sector
1AA35.21%
2AAA34.47%
3BBB14.37%
4A14.27%
5Non-Rated1.69%
Asset type
1Global 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 mainly in a diversified portfolio of bonds issued or guaranteed by national or local governments or by supranational bodies and selected using a fundamental approach. The investments may be made in all markets.
Benchmark
  • Citigroup WGBI All Mats
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mickael Benhaim12/01/2012Mickael Benhaim joined Pictet Asset Management's Fixed Income team in 2006 as Head of Global Bonds. He is a member of the credit and absolute return committee. Before joining Pictet, he was Head of Euro Aggregate Fixed Income for AXA Investment Managers where he worked for five years. Mickael has more than 15 years' professional experience that includes working at the Dresdner Group and BNP Paribas Group. Mickael holds a MSc in Mathematics and a degree in stochastic models from the University of Paris Jussieu and Paris Panthéon-Sorbonne.
David Bopp12/01/2012David Bopp joined Pictet Asset Management in 2004 and is an Investment Manager with responsibility for absolute return products. Before joining Pictet, he spent three years in portfolio management at UBS. David holds a degree in Economics from the HEC Business School in Lausanne and is a Chartered Financial Analyst (CFA) charterholder.
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 Global Bonds Fundamental I EUR
Initial charge5%
Annual charge0.35%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price113.62
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0RI6
Pictet Global Bonds Fundamental I USD
Initial charge5%
Annual charge0.35%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price127.15
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0RI7
Pictet Global Bonds Fundamental J USD
Initial charge5%
Annual charge0.25%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.44%
Total expense ratio (TER)0.44%
Bid price-
Offer price-
Mid price127.8
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF4QM
Pictet Global Bonds Fundamental P EUR
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price111.78
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RI8
Pictet Global Bonds Fundamental P USD
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price125.1
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RI9
Pictet Global Bonds Fundamental P dy EUR
Initial charge5%
Annual charge0.7%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)0.94%
Bid price-
Offer price-
Mid price103.41
CurrencyEUR
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0RIA
Pictet Global Bonds Fundamental R EUR
Initial charge5%
Annual charge1%
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 price110.23
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RIB
Pictet Global Bonds Fundamental R USD
Initial charge5%
Annual charge1%
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 price123.35
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0RIC
Pictet Global Bonds Fundamental Z USD
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.08%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price130.19
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0SGD
Data provided by

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