Fact sheet: UBAM Convrtbl Eur 10-40

Fund information
Fund name
UBAM Convertibles Euro 10-40 AC EUR
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 convertible bonds from the Eurozone. 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
  • Thomson Reuters Eurozone Focus Convertibles Hedged EUR index
Investment style
None
Investment method
Convertibles
Quick stats
1 Year return
-5.3%
1 Year rank in sector
68/72
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.
0.96%
Fund size
£1,872m (£2,911m 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.
31
Top in this sector
Fund name1 Year
Man Convertibles Am9.4%
CQS Global Convertible UCITS5.3%
Oaktree OaktreGbCnvBd3.5%
Franklin Gl Cnvtl Secrts3.4%
HAM Gbl Convtbl Bd2.9%
...more in FO Convertible

Performance snapshot

Holdings snapshot

  • France18.2%
    Germany17.4%
    Italy12.6%
    Others12.5%
    Netherlands8.4%
  • Financials25.4%
    Telecommunications16.4%
    Consumer Discretionary11.8%
    Energy11.8%
    Consumer Staples10.6%
  • French Fixed Interest18.2%
    German Fixed Interest17.4%
    Italian Fixed Interest12.6%
    Others12.5%
    Dutch Fixed Interest8.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-2.1%-1.5%-5.3%2.8%29.9%
Sector0.4%-0.9%1.1%-1.1%6.3%28.8%
Rank within sector63 / 7364 / 7366 / 7368 / 7248 / 6126 / 51
Quartile4th4th4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-4.5%2.8%3.2%9.5%17%
Sector-0.5%2.9%2.3%11.7%10.9%
Rank within sector67 / 7238 / 6725 / 6130 / 545 / 51
Quartile4th3rd2nd3rd1st
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.
-0.86
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.
0.85
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%.
5.2
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.
2.17
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.
-0.52
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.
0.85
Price movement
52 week high1823.91
52 week low1689.22
Current bid price-
Current offer price-
Current mid price1734.87
Region
1France18.17%
2Germany17.4%
3Italy12.64%
4Others12.54%
5Netherlands8.36%
6UK8.16%
7Spain7.87%
8Belgium5.25%
9Portugal3.6%
Industry sector
1Financials25.4%
2Telecommunications16.4%
3Consumer Discretionary11.8%
4Energy11.8%
5Consumer Staples10.6%
6Industrials7.7%
7Materials5.2%
8Utilities4.8%
9Technology3.5%
Asset type
1French Fixed Interest18.17%
2German Fixed Interest17.4%
3Italian Fixed Interest12.64%
4Others12.54%
5Dutch Fixed Interest8.36%
6UK Fixed Interest8.16%
7Spanish Fixed Interest7.87%
8Belgian Fixed Interest5.25%
9Portuguese Fixed Interest3.6%
Individual holdings
1AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR1000004.7%
2STEINHOFF FINANCE HOLDING GMBH 1.25% CNV BDS 11/08/22 EUR100000 REG S4.3%
3TOTAL. 0.5% 02.12.20224.2%
4TELECOM ITALIA 1.1% 26.03.20223.9%
5PARPUBLICA-PARTICPACOES PUBLIC SGPS 5.25% CNV BDS 28/09/17(GALP ENERGIA SGPS3.7%
6STEINHOFF FINANCE HOLDING GMBH 1.25% GTD CNV BDS 21/10/23(STEINHOFF)EUR3.7%
7SIEMENS FINANCIERINGSMAAT NV 1.65% BDS 16/08/19 USD2500003.4%
8AXA 3.75% CNV BDS 1/1/2017 EUR165.53%
9TELEFONICA PARTICIPACIONES SAU 0% CNV BDS 09/03/21 EUR1000003%
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 convertible bonds from the Eurozone. 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
  • Thomson Reuters Eurozone Focus Convertibles Hedged EUR index
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 IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Italy, Singapore
UBAM Convertibles Euro 10-40 AC EUR
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price1734.87
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09M1
UBAM Convertibles Euro 10-40 AD EUR
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1058.15
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIB0W
UBAM Convertibles Euro 10-40 AHC CHF
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price1559.73
CurrencyCHF
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code09M2
UBAM Convertibles Euro 10-40 AHC USD
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1724.56
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0X5A
UBAM Convertibles Euro 10-40 AHD GBP
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1158.88
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10DH
UBAM Convertibles Euro 10-40 AHD USD
Initial charge2%
Annual charge0.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1656.19
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0TC9
UBAM Convertibles Euro 10-40 SC EUR
Initial charge2%
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1290.47
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0WWU
UBAM Convertibles Euro 10-40 UC EUR
Initial charge2%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price979.5
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFVMG
UBAM Convertibles Euro 10-40 UD EUR
Initial charge2%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price944.27
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFVMH
Data provided by

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