Fact sheet: RAM (L)TakFd2AsBdTlRet

Fund information
Fund name
RAM (LUX) Tactical Funds II Asia Bond Total Return D USD
Fund manager company
RAM Active Investments SA
Fund type
Offshore Fund
Fund manager
  • Richard Yangsince 30/11/2011
Fund objective
The RAM (LUX) TACTICAL FUNDS II - ASIA BOND TOTAL RETURN is designed to capture returns from the credit and fixed income markets in the Asian regions. Returns are derived primarily from the yield of underlying investments as well as from capital gains resulting from the purchase of discounted bonds and credit spreads tightening. The Fund focuses primarily on corporate credit and invests in both rated and unrated securities. The Fund seeks to remain long credit. Under certain circumstances it may hedge out certain risks (such as credit, interest rate and currency) although always maintaining a net long bias.
Benchmark
  • JP Morgan Asia Credit Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.5%
1 Year rank in sector
13/41
Sector
FO Fixed Int - USD
Yield
-
Fund size
£62m (£62m 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.
68
Top in this sector
Fund name1 Year
CG Dollar22.9%
Nordea 1 US Tot Ret Bd20.2%
Ashmore Emg Mkt Sovrn Dbt19.7%
Nordea 1 Emrg Mkt Bd16.3%
NN (L) EM DebtHC13.6%
...more in FO Fixed Int - USD

Performance snapshot

Holdings snapshot

  • India19.7%
    Australia16.3%
    China12.6%
    Indonesia11.4%
    Hong Kong9.9%
  • Financials18.3%
    Oil & Gas15.7%
    Real Estate12.4%
    Commodity & Energy10.6%
    Government Agency Bonds9.7%
  • Indian Fixed Interest19.7%
    Australian Fixed Interest16.3%
    Chinese Fixed Interest12.6%
    Indonesian Fixed Interest11.4%
    Hong Kong Fixed Interest9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%3.2%5.4%8.5%14.9%-
Sector0.5%2%4.9%6.4%10.6%19.4%
Rank within sector23 / 4210 / 4214 / 4113 / 4110 / 28-
Quartile3rd1st2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%1.5%3.7%1.4%11.1%
Sector6.6%-0.5%3.4%0%6.8%
Rank within sector18 / 4114 / 3818 / 314 / 274 / 20
Quartile2nd2nd3rd1st1st
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.
2.02
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.
0.79
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.
0.55
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%.
2.64
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.
1.89
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.
0.64
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.
0.52
Price movement
52 week high127.04
52 week low116.68
Current bid price-
Current offer price-
Current mid price126.88
Region
1India19.7%
2Australia16.3%
3China12.6%
4Indonesia11.4%
5Hong Kong9.9%
6Korea6.3%
7Thailand5.3%
8Philippines4%
9Qatar3.9%
Industry sector
1Financials18.3%
2Oil & Gas15.7%
3Real Estate12.4%
4Commodity & Energy10.6%
5Government Agency Bonds9.7%
6Utilities7.4%
7Mineral Extraction6.2%
8Telecom, Media & Technology6%
9Energy4.8%
Asset type
1Indian Fixed Interest19.7%
2Australian Fixed Interest16.3%
3Chinese Fixed Interest12.6%
4Indonesian Fixed Interest11.4%
5Hong Kong Fixed Interest9.9%
6GCC Fixed Interest6.3%
7South Korean Fixed Interest6.3%
8Thai Fixed Interest5.3%
9Philippine Fixed Interest4%
Individual holdings
1ICICI BANK 0% BDS 30/04/22 USD1000 `REGS`4%
2OOREDOO INTERNATIONAL FIN LTD 3.75% BDS 22/06/26 USD2000003.8%
3DAI-ICHI LIFE INSURANCE CO LTD VAR SUB 16/24.01.PERPETUAL3.3%
4FMG RESOURCES (AUGUST 2006) PTY LTD 6.875% BDS 01/04/22 USD1000 144A3.3%
5VEDANTA RESOURCES 8.25% BDS 07/06/21 USD200000 144A3.3%
6PERUSAHAAN GAS NEGARA(PGN) 5.125% NTS 16/05/24 USD1000 144A3.2%
7SGSP AUSTRALIA ASSETS 3.25% NTS 29/07/26 USD10003.1%
8PERTAMINA PERSERO PT 4.3% BDS 20/05/23 USD200000144A3%
9DEVELOPMENT BANK OF THE PHILIPPINES 5.5% NTS 25/03/21 USD10002.8%
Management
Fund manager group
REYL Asset Management
Fund manager company
RAM Active Investments SA
Fund type
Offshore Fund
Fund objective
The RAM (LUX) TACTICAL FUNDS II - ASIA BOND TOTAL RETURN is designed to capture returns from the credit and fixed income markets in the Asian regions. Returns are derived primarily from the yield of underlying investments as well as from capital gains resulting from the purchase of discounted bonds and credit spreads tightening. The Fund focuses primarily on corporate credit and invests in both rated and unrated securities. The Fund seeks to remain long credit. Under certain circumstances it may hedge out certain risks (such as credit, interest rate and currency) although always maintaining a net long bias.
Benchmark
  • JP Morgan Asia Credit Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Richard Yang30/11/2011Richard Yang is an Executive Director of Samena Capital Hong Kong Limited and manages the Samena Credit Opportunities Fund. Richard Yang has over 15 years experience in the Asian debt markets. He was previously a Director of PMA Investment Advisors, one of the largest Asia based hedge fund managers and part of a team focusing on Credit & Fixed Income investments. Mr Yang also co-founded Trigon, an award winning hedge fund focusing on Asian credit strategies which merged with PMA in 2006. Prior to moving into investment management, he was a Vice President at JP Morgan where he spent 8 years in the areas of Private Equity, Investment Banking and Debt Capital Markets in Hong Kong and Singapore. Richard Yang graduated from the University of Pennsylvania.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, France, United Kingdom, Italy, Luxembourg, Offshore, Sweden
RAM (LUX) Tactical Funds II Asia Bond Total Return A USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.74
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCNZ
RAM (LUX) Tactical Funds II Asia Bond Total Return B EUR
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.84
CurrencyEUR
Price updated28/01/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOA
RAM (LUX) Tactical Funds II Asia Bond Total Return B USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.92
CurrencyUSD
Price updated28/01/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOB
RAM (LUX) Tactical Funds II Asia Bond Total Return C CHF
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price114.28
CurrencyCHF
Price updated21/08/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOC
RAM (LUX) Tactical Funds II Asia Bond Total Return C USD
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price127.48
CurrencyUSD
Price updated26/02/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOD
RAM (LUX) Tactical Funds II Asia Bond Total Return D USD
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.88
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNTE
RAM (LUX) Tactical Funds II Asia Bond Total Return E EUR
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price123.9
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNTF
RAM (LUX) Tactical Funds II Asia Bond Total Return E USD
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price138.74
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOE
RAM (LUX) Tactical Funds II Asia Bond Total Return F CHF
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price121.87
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGNTG
RAM (LUX) Tactical Funds II Asia Bond Total Return F USD
Initial charge-
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.35
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOF
RAM (LUX) Tactical Funds II Asia Bond Total Return G USD
Initial charge-
Annual charge2%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.59
CurrencyUSD
Price updated27/05/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOG
RAM (LUX) Tactical Funds II Asia Bond Total Return H USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price136.96
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCOH
RAM (LUX) Tactical Funds II Asia Bond Total Return I EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.42
CurrencyEUR
Price updated21/01/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFI7H
RAM (LUX) Tactical Funds II Asia Bond Total Return I EUR USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.21
CurrencyUSD
Price updated21/01/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFI7I
RAM (LUX) Tactical Funds II Asia Bond Total Return I GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price132.6
CurrencyGBP
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPRF
RAM (LUX) Tactical Funds II Asia Bond Total Return I GBP USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price172.16
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFPRG
RAM (LUX) Tactical Funds II Asia Bond Total Return I SEK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1301.07
CurrencySEK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9SS
RAM (LUX) Tactical Funds II Asia Bond Total Return I SEK USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price150.78
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9ST
RAM (LUX) Tactical Funds II Asia Bond Total Return J EUR
Initial charge3%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.86
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE8NT
RAM (LUX) Tactical Funds II Asia Bond Total Return J EUR USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price145.4
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE8NU
RAM (LUX) Tactical Funds II Asia Bond Total Return K CHF
Initial charge3%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.44
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUZC
RAM (LUX) Tactical Funds II Asia Bond Total Return K USD
Initial charge3%
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.14
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFUZD
RAM (LUX) Tactical Funds II Asia Bond Total Return R
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.39
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVNM
RAM (LUX) Tactical Funds II Asia Bond Total Return R CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.5
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE92N
RAM (LUX) Tactical Funds II Asia Bond Total Return R CHF USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price133.2
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE92O
RAM (LUX) Tactical Funds II Asia Bond Total Return R EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.87
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE92L
RAM (LUX) Tactical Funds II Asia Bond Total Return R EUR USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price145.41
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE92M
RAM (LUX) Tactical Funds II Asia Bond Total Return R USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price130.55
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE92K
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.