Fact sheet: UBAM Convertibles Global

Fund information
Fund name
UBAM Convertibles Global AHD GBP
Fund manager company
Union Bancaire Privee
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The management objective is to enable the investor to benefit from the specific risk/return ratio of international convertible bonds. Convertible bonds have an asymmetric risk/return profile (all other things being equal, for a given variation in the underlying securities, upside participation is greater than downside participation). However, a convertible bond usually has a lower yield than a normal bond issued by the same issuer. This specific risk/return ratio may be altered by the fluctuations in interest rates, credit spreads and implied volatility.
Benchmark
  • UBS Convertibles Global USD
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
9.6%
1 Year rank in sector
17/73
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.
1.39%
Fund size
£392m (£463m 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.
47
Top in this sector
Fund name1 Year
Man Convertibles Am18%
Swisscanto (LU) Bond COCO15.3%
CQS Global Convertible UCITS14.6%
Franklin Gl Cnvtl Secrts14.2%
Principal GIF SpcGlCapSec12.7%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • USA47%
    Others11.8%
    Japan8.9%
    Germany8%
    Money Market6.6%
  • Consumer Staples18.2%
    Technology16.6%
    Telecommunications14.3%
    Financials10.7%
    Industrials10.7%
  • US Fixed Interest47%
    Global Fixed Interest11.8%
    Japanese Fixed Interest8.9%
    German Fixed Interest8%
    Money Market6.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%1.6%6.1%9.6%13.7%-
Sector1.5%1.6%5%7.3%7%32.2%
Rank within sector19 / 7336 / 7321 / 7317 / 7310 / 61-
Quartile2nd2nd2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund5.1%0.8%4.9%6.5%-
Sector3.7%0.7%2.9%2.3%11.7%
Rank within sector16 / 7334 / 7218 / 684 / 61-
Quartile1st2nd2nd1st
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.
1.82
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.
1.19
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.
0.17
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%.
7.05
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.
2.66
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.
0.83
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.
0.88
Price movement
52 week high1346.97
52 week low1193.93
Current bid price-
Current offer price-
Current mid price1341.39
Region
1USA46.99%
2Others11.77%
3Japan8.87%
4Germany8.03%
5Money Market6.6%
6Hong Kong6.07%
7France5.7%
8UK2.15%
9Netherlands2.05%
Industry sector
1Consumer Staples18.2%
2Technology16.6%
3Telecommunications14.3%
4Financials10.7%
5Industrials10.7%
6Consumer Discretionary9.1%
7Materials6.8%
8Money Market6.6%
9Energy4.9%
Asset type
1US Fixed Interest46.99%
2Global Fixed Interest11.77%
3Japanese Fixed Interest8.87%
4German Fixed Interest8.03%
5Money Market6.6%
6Hong Kong Fixed Interest6.07%
7French Fixed Interest5.7%
8UK Fixed Interest2.15%
9Dutch Fixed Interest2.05%
Individual holdings
1ALLERGAN 01.03.20182.5%
2BAOSTEEL HK INV 01.12.20182.4%
3MICROCHIP TECHNOLOGY 1.625% BDS 15/02/27 USD1000 144A2.4%
4BAYER CAPITAL CORP 5.625% CNV BDS 22/11/19 EUR1000002%
5DISH NETWORK 15.08.20261.9%
6CEMEX S.A.B. DE C.V. 3.72% CNV BDS 15/03/20 USD10001.7%
7PRICELINE GROUP INC (THE) 0.9% NTS 15/09/21 USD10001.6%
8AIRBUS GROUP SE 0% BDS 14/06/21 EUR1000001.5%
9CHINA RAILWAY CONSTRUCTION CORP 1.5% CNV BDS 21/12/21 CNY20000001.4%
Management
Fund manager group
Union Bancaire Privee
Fund manager company
Union Bancaire Privee
Fund type
Offshore Fund
Fund objective
The management objective is to enable the investor to benefit from the specific risk/return ratio of international convertible bonds. Convertible bonds have an asymmetric risk/return profile (all other things being equal, for a given variation in the underlying securities, upside participation is greater than downside participation). However, a convertible bond usually has a lower yield than a normal bond issued by the same issuer. This specific risk/return ratio may be altered by the fluctuations in interest rates, credit spreads and implied volatility.
Benchmark
  • UBS Convertibles Global USD
Investment style
None
Investment method
Convertibles
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Finland, France, United Kingdom, Singapore
UBAM Convertibles Global AC EUR
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1344.71
CurrencyEUR
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIAYV
UBAM Convertibles Global AD EUR
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1125.59
CurrencyEUR
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFVMJ
UBAM Convertibles Global AHC CHF
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1691.29
CurrencyCHF
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIAYW
UBAM Convertibles Global AHC USD
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1930.73
CurrencyUSD
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIAYX
UBAM Convertibles Global AHD GBP
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1341.39
CurrencyGBP
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIAYY
UBAM Convertibles Global AHD USD
Initial charge2%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1876.58
CurrencyUSD
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIAYZ
UBAM Convertibles Global UD EUR
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1055.45
CurrencyEUR
Price updated22/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7PX
Data provided by

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