Fact sheet: Pictet Timber

Fund information
Fund name
Pictet Timber I dy GBP
Fund manager company
Pictet Asset Management (Europ
Fund type
Offshore Fund
Fund managers
  • Christoph Butzsince 08/09/2008
  • Gabriel Michelisince 15/09/2008
Fund objective
The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of the shares of companies operating in the financing, plantation and management of forests and wooded regions and/or the processing, production and distribution of timber and other services and products derived from wood. The investment universe is not restricted to a specific geographical zone.
Benchmark
  • MSCI World
Investment style
None
Investment method
Shares
Quick stats
1 Year return
28.9%
1 Year rank in sector
-
Sector
FO Commodity & Energy
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.
1.22%
Fund size
£435m (£479m 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.
113
Top in this sector
Fund name1 Year
EGI Earth Gold129.7%
LLB Craton Cap Precious Metal107.4%
Investec Global Gold96.8%
LO Wld Gld Expts93.4%
Franklin Gold&Prec Met90.8%
...more in FO Commodity & Energy

Performance snapshot

Holdings snapshot

  • USA45.2%
    Canada14.4%
    Brazil9.9%
    Finland5.8%
    Sweden5.7%
  • Forest Products98.3%
    Money Market1.7%
  • Commodity & Energy98.3%
    Money Market1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%14.6%14.2%28.9%24.3%88.2%
Sector0.2%3.6%15%20.3%-12.5%-17.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund16.5%-2.1%7.3%13.6%24.3%
Sector21.4%-19.8%-9%-6.6%-3.4%
Rank within sector-----
Quartile
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.
10.19
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.
0.25
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.
0.34
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%.
13.71
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.
16.92
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.
0.8
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.
0.07
Price movement
52 week high107.79
52 week low76.55
Current bid price-
Current offer price-
Current mid price107
Region
1USA45.17%
2Canada14.42%
3Brazil9.91%
4Finland5.75%
5Sweden5.69%
6Japan4.44%
7South Africa3.47%
8Chile3.05%
9Ireland2.6%
Industry sector
1Forest Products98.26%
2Money Market1.74%
Asset type
1Commodity & Energy98.26%
2Money Market1.74%
Individual holdings
1WEYERHAEUSER CO7.69%
2RAYONIER INC5.8%
3KLABIN SA UNITS (1 COM & 4 PRF)4.45%
4POTLATCH CORP4.28%
5DELTIC TIMBER CORP3.89%
6WEST FRASER TIMBER CO3.84%
7CANFOR CORP3.52%
8MONDI PLC3.47%
9SVENSKA CELLULOSA AB-SCA3.23%
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 the shares of companies operating in the financing, plantation and management of forests and wooded regions and/or the processing, production and distribution of timber and other services and products derived from wood. The investment universe is not restricted to a specific geographical zone.
Benchmark
  • MSCI World
Investment style
None
Investment method
Shares
Fund managers
NameSinceBiography
Christoph Butz08/09/2008Christoph Butz joined Pictet Asset Management in 2002. He is a sustainability expert responsible for the development and implementation of sustainable investment concepts. He also co-manages the 'Timber' fund. He previously worked for Bank Sarasin & Cie in Basle as deputy head of sustainability research. Christoph has gathered practical experience in the field of natural resources management in Canada, Switzerland and Brazil. He is also the co-founder and former partner of an engineering consultancy specialised in climate-protection projects within the framework of the Kyoto Protocol. Christoph has a MSc degree in Forest Engineering from the Swiss Federal Institute of Technology in Zurich. He is a Certified International Investment Analyst (CIIA) and has authored numerous sustainability-related publications and articles.
Gabriel Micheli15/09/2008Gabriel Micheli joined Pictet Asset Management in 2006 and is an Investment Manager in the Sector & Theme Funds team. He manages the ‘Timber’ fund. Gabriel is a Chartered Financial Analyst (CFA) charterholder. He graduated with a degree in Economics from the University of St. Gallen
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Italy, Liechtenstein, Luxembourg, Macau, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden, Taiwan - Province Of China
Pictet Timber HP EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.08%
Total expense ratio (TER)1.97%
Bid price-
Offer price-
Mid price91.05
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDYP7
Pictet Timber HR EUR
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.76%
Total expense ratio (TER)2.68%
Bid price-
Offer price-
Mid price91.61
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXU7
Pictet Timber I EUR
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price135.11
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDYF5
Pictet Timber I USD
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price151.21
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDYF4
Pictet Timber I dy GBP
Initial charge5%
Annual charge0.8%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price107
CurrencyGBP
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGLO5
Pictet Timber P EUR
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price126.54
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDYF7
Pictet Timber P USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price141.61
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDYF6
Pictet Timber P dy GBP
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price104.03
CurrencyGBP
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDYF9
Pictet Timber P dy USD
Initial charge5%
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.02%
Total expense ratio (TER)1.93%
Bid price-
Offer price-
Mid price135.11
CurrencyUSD
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDYF8
Pictet Timber R EUR
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)2.64%
Bid price-
Offer price-
Mid price119.65
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDYG1
Pictet Timber R USD
Initial charge5%
Annual charge2.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.72%
Total expense ratio (TER)2.64%
Bid price-
Offer price-
Mid price133.9
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDYG0
Pictet Timber Z EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price137.07
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFV6R
Pictet Timber Z GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price111.35
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMFL
Pictet Timber Z USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.17%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price161.92
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFOJX
Data provided by

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