Fact sheet: Polar Capital Gbl Cnvb

Fund information
Fund name
Polar Capital Global Convertible I Acc USD
Fund manager company
Polar Capital
Fund type
OEIC
Fund managers
  • Stephen McCormicksince 01/09/2013
  • David Keetleysince 01/09/2013
Fund objective
The Fund’s investment objective is to generate both income and long term capital growth.
Benchmark
  • Thomson Reuters Global Focus Convertible Index
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
5%
1 Year rank in sector
-
Sector
FO Convertible
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.
1.15%
Fund size
£519m (£357m 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.
76
Top in this sector
Fund name1 Year
Man Convertibles Am17.9%
CQS Global Convertible UCITS12.1%
Swisscanto (LU) Bond COCO11.5%
Franklin Gl Cnvtl Secrts11.1%
UBS (L)BdSICConGb€10.3%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • USA38%
    Germany13.4%
    China10.7%
    Japan10.4%
    UK8.3%
  • Industrials25.6%
    Information Technology24.4%
    Health Care14.9%
    Consumer Discretionary10.5%
    Energy7.8%
  • US Fixed Interest38%
    German Fixed Interest13.4%
    Chinese Fixed Interest10.7%
    Japanese Fixed Interest10.4%
    UK Fixed Interest8.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%3.5%-0.2%5%--
Sector-0.4%1.8%2.1%5%6%24.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund3.4%-0.3%-0.1%2.4%-
Sector1.6%0.7%2.9%2.3%11.7%
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.
-1.83
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.
0.94
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%.
6.32
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.
3.55
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.
-0.56
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 high11.73
52 week low11.04
Current bid price-
Current offer price-
Current mid price11.68
Region
1USA38.03%
2Germany13.43%
3China10.74%
4Japan10.4%
5UK8.35%
6Ireland4.15%
7Italy2.59%
8Russia2.53%
9France2.31%
Industry sector
1Industrials25.63%
2Information Technology24.36%
3Health Care14.88%
4Consumer Discretionary10.55%
5Energy7.76%
6Utilities6.59%
7Telecommunications4.86%
8Financials2.59%
9Transport1.57%
Asset type
1US Fixed Interest38.03%
2German Fixed Interest13.43%
3Chinese Fixed Interest10.74%
4Japanese Fixed Interest10.4%
5UK Fixed Interest8.35%
6Irish Fixed Interest4.15%
7Italian Fixed Interest2.59%
8Russian Fixed Interest2.53%
9French Fixed Interest2.31%
Individual holdings
1MANDATORY EXCHANGEABLE TST7.35%
2SIEMENS FINANCIERINGSMAAT NV 1.05% BDS 16/08/17 USD2500004.49%
3MACQUARIE INFRASTRUCTURE CO LLC 2% CNV BDS 01/10/23 USD20003.01%
4SUZUKI MOTOR CORP 0% CNV BDS 31/03/21 JPY100000002.67%
5INPHI CORP 0.75% CNV BDS 01/09/21 USD10002.55%
6TELENOR ASA 0.25% CNV BDS 20/09/19 USD2000002.53%
7DISH NETWORK CORP 3.375% CNV BDS 15/08/26 USD10002.37%
8VALEO 0% CNV BDS 16/06/21 USD2000002.31%
9INSULET CORP 1.25% CNV BDS 15/09/21 USD10002.22%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund’s investment objective is to generate both income and long term capital growth.
Benchmark
  • Thomson Reuters Global Focus Convertible Index
Investment style
None
Investment method
Convertibles
Fund managers
NameSinceBiography
Stephen McCormick01/09/2013Stephen joined Polar Capital in October 2010 and is co-manager of the ALVA Global Convertible Fund and the Global Convertible Fund. Stephen has more than 25 years’ experience in trading and managing convertible bond and equity portfolios. Prior to moving into convertible bond trading, he was a research analyst at Tucker Anthony. In 1993 he became a partner in Forum Capital Markets, eventually joining Paine Webber in 1994 where he went on to manage their convertible department until 1998. He was a senior member of the convertible sales team at Morgan Stanley before establishing and managing Valmiki Capital Management in 2005. The following year, he moved to Moore Capital where he, as a member of a three-person team, managed a $1bn global long/short equity portfolio before joining Vicis Capital to manage the US convertible bond portfolio in 2008. Stephen holds a BS in Finance from Providence College.
David Keetley01/09/2013David joined Polar Capital in October 2010 to establish the Global Convertibles team and is co-manager of the ALVA Global Convertible Fund and the Global Convertible Fund. He has 26 years’ experience in trading and managing convertible bond portfolios. David began his career at Salomon Brothers International in London and New York. In 1987 he joined BNP-Baii to become a convertible bond portfolio manager. At the time Baii was widely regarded at the leading convertible investment house in London. In 1996, after nine years at Baii, he moved to take a more senior role at Schroders within the convertible bond sales, trading & origination team. Following the takeover in 2000 of Schroder Investment Bank by Citigroup, he was asked to co-form the Citi/Schroder convertible hedge team, which as a part of the wider Citi CB team became the No.1 ranked convertible origination and trading team in London. In 2002 he returned to the buy-side and until 2004 managed the Zelengora Capital (Paloma) European convertible bond portfolio. That same year he established and managed the ORN Capital convertible bond fund. In 2006 he joined New York-based hedge fund Vicis Capital to establish and manage their international convertible portfolio and develop their London business. From August 2007, David led Vicis Capital (UK) as co-CEO. At its peak, Vicis’ AUM was $5.8bn. David is a Fellow of the Chartered Institute for Securities and Investment and holds a Civil Engineering Honours degree.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital Global Convertible I Acc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price10.81
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJKEU
Polar Capital Global Convertible I Acc GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price9.36
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJKEW
Polar Capital Global Convertible I Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price11.68
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJKEY
Polar Capital Global Convertible I Hedged Acc CHF
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.53
CurrencyCHF
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKI5L
Polar Capital Global Convertible I Hedged Acc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.76
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeM7MU
Polar Capital Global Convertible I Hedged Acc GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.92
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKOHD
Polar Capital Global Convertible I Hedged Inc GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.03
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKOHE
Polar Capital Global Convertible I Inc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price9.5
CurrencyEUR
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJKEV
Polar Capital Global Convertible I Inc GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price8.23
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJKEX
Polar Capital Global Convertible I Inc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price10.27
CurrencyUSD
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJKEZ
Polar Capital Global Convertible Portfolio Currency I Hedged Acc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.17
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE3VQ
Polar Capital Global Convertible Portfolio Currency I Hedged Inc GBP
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.09
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNQV1
Polar Capital Global Convertible R Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price10.64
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJKFA
Polar Capital Global Convertible R Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price9.22
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJKFC
Polar Capital Global Convertible R Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price11.5
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJKFE
Polar Capital Global Convertible R Inc EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price9.34
CurrencyEUR
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJKFB
Polar Capital Global Convertible R Inc GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price8.09
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJKFD
Polar Capital Global Convertible R Inc USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.77%
Bid price-
Offer price-
Mid price10.09
CurrencyUSD
Price updated22/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJKFF
Polar Capital Global Convertible S Acc EUR
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.39
CurrencyEUR
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK84M
Polar Capital Global Convertible S Acc GBP
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.14
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK84O
Polar Capital Global Convertible S Acc USD
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.15
CurrencyUSD
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK84Q
Polar Capital Global Convertible S Hedged Acc CHF
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.61
CurrencyCHF
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKI5M
Polar Capital Global Convertible S Hedged Acc GBP
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.01
CurrencyGBP
Price updated22/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKOHF
Polar Capital Global Convertible S Hedged Inc GBP
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.09
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKOHG
Polar Capital Global Convertible S Inc EUR
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.46
CurrencyEUR
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK84N
Polar Capital Global Convertible S Inc GBP
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price7.32
CurrencyGBP
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK84P
Polar Capital Global Convertible S Inc USD
Initial charge5%
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.14
CurrencyUSD
Price updated22/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK84R
Data provided by

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