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
  • TR Convertible Global EUR hedged
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
-1.5%
1 Year rank in sector
37/72
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.
1.32%
Fund size
£400m (£403m 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.
48
Top in this sector
Fund name1 Year
Man Convertibles Am8.8%
CQS Global Convertible UCITS5%
HAM Gbl Convtbl Bd2.9%
Franklin Gl Cnvtl Secrts2.9%
JGF-Jupiter Gb Convl2.8%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • USA44%
    Others12.1%
    Japan10.3%
    Germany9.7%
    UK6.4%
  • Consumer Staples19.8%
    Technology18.4%
    Financials14.9%
    Industrials12.5%
    Telecommunications11.6%
  • US Fixed Interest44%
    Global Fixed Interest12.1%
    Japanese Fixed Interest10.3%
    German Fixed Interest9.7%
    UK Fixed Interest6.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%-1.5%0.9%-1.5%13.1%-
Sector0.1%-1%1%-1.4%6%28.4%
Rank within sector28 / 7353 / 7342 / 7337 / 728 / 61-
Quartile2nd3rd3rd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%4.9%6.5%--
Sector-0.8%2.9%2.3%11.7%10.9%
Rank within sector36 / 7216 / 674 / 61--
Quartile2nd1st1st
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.
1.99
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.
1.2
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.
0.1
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%.
7.22
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.
2.64
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.
0.87
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.
0.89
Price movement
52 week high1279.59
52 week low1153.32
Current bid price-
Current offer price-
Current mid price1256.94
Region
1USA44%
2Others12.1%
3Japan10.3%
4Germany9.7%
5UK6.4%
6Hong Kong6.1%
7France4%
8Netherlands3%
9Italy2.3%
Industry sector
1Consumer Staples19.8%
2Technology18.4%
3Financials14.9%
4Industrials12.5%
5Telecommunications11.6%
6Consumer Discretionary8.3%
7Utilities4.7%
8Money Market4.5%
9Materials3.5%
Asset type
1US Fixed Interest44%
2Global Fixed Interest12.1%
3Japanese Fixed Interest10.3%
4German Fixed Interest9.7%
5UK Fixed Interest6.4%
6Hong Kong Fixed Interest6.1%
7French Fixed Interest4%
8Dutch Fixed Interest3%
9Italian Fixed Interest2.3%
Individual holdings
1AIRBUS GROUP SE 0% BDS 14/06/21 EUR1000002%
2ALLERGAN 01.03.20181.9%
3BAOSTEEL HK INV 01.12.20181.8%
4NXP SEMICOND 1.0% 01.12.20191.7%
5SWISS LIFE HLDG AG 0% CNV BDS 02/12/20 CHF50001.7%
6DEUTSCHE POST AG 0.6% CNV BDS 06/12/19(DT POST)EUR1000001.6%
7AMERICA MOVIL SAB DE CV 5.5% CNV BDS 17/09/18 EUR1000001.5%
8SALESFORCE.COM 0.3% 01.04.20181.5%
9PALO ALTO NET 01.07.20191.4%
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
  • TR Convertible Global EUR hedged
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)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1263.76
CurrencyEUR
Price updated05/12/2016
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)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1059.54
CurrencyEUR
Price updated05/12/2016
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)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1593.33
CurrencyCHF
Price updated05/12/2016
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)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1799.75
CurrencyUSD
Price updated05/12/2016
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)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1256.94
CurrencyGBP
Price updated05/12/2016
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)1.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1752.1
CurrencyUSD
Price updated05/12/2016
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)0.77%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price996.08
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7PX
Data provided by

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