Fact sheet: DB Platinum IV Basso

Fund information

Fund name
DB Platinum IV Basso R3C-U USD
Fund company manager
Deutsche Asset Management SA
Fund type
SIB
Fund manager(s)
Basso Capital Management, L.P.
since 27/02/2015
Fund objective
DB Platinum IV Basso (the “Fund”) is an open-ended UCITS compliant fund that seeks to achieve risk adjusted returns by investing and trading in debt, equity, options, derivative contracts and securities instruments with an emphasis on convertible, exchangeable equity linked securities. This is generally bonds, preferred stock or mandatorily convertible preferred securities and related instruments that the investment manager believes are appropriate to hedge certain exposures in a portfolio. The Investment Manager of the Fund is Basso Capital Management, L.P. (“Basso”). The Fund follows a convertible arbitrage investment strategy whereby the fund will typically offset a long position in a convertible security with the short sale of the company’s underlying common stock in an attempt to limit total downside risk. Although Basso from time-to-time engages in opportunistic trades as the market warrants, its core investment philosophy focuses on bottoms-up, fundamental analysis of issuers and the terms of their securities. Basso believes that its limited reliance on models and emphasis on underlying fundamentals, structures and dislocations set it apart from its peer group that trades similar strategies. It is Basso’s perception that many of its peers invest in trades focusing primarily on model outputs and giving limited, if any weight to fundamentals, idiosyncratic risk and structural opportunities. Financial contracts (derivatives) may be used for investment purposes and to aim to reduce inflation, interest rate and/or foreign currency exposure in respect of the assets (hedging). Derivatives may also be used to try to increase returns by increasing the exposure to certain investments (leverage). The leverage is not expected to exceed 900% of the value of the Fund but may be higher in a low market volatility environment.
Benchmark
HFRX RV: FI-Convertible Arbitrage Index
Investment style
Multi Strategy
Investment method
Mixed

Quick stats

1 Year return

0.27 %

1 Year rank in sector

130/155

Sector

FO Hedge/Stru Prod - Mixed

Yield
-
Fund size

£ 40.1 m

FE Risk score

93

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Fund name3 years
H2O MultiStrategies90.01%
Castellain Value38.02%
Nordea 1 Alp15MA37.67%
H2O Moderato35.13%
Pimco GIS Stk Pl34.74%

Holdings snapshot

  • USA
    53.27%
  • Japan
    11.46%
  • UK
    8.4%
  • Others
    7.37%
  • China
    4.32%
  • Financials
    15.82%
  • Government Bonds
    14.82%
  • Non-Cyclical Consumer Goods
    12.93%
  • Communications
    12.77%
  • Industrials
    12.34%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-1.22 %-1.06 %0.33 %0 %0 %
Sector0.27 %2.19 %4.5 %3.3 %9.75 %
Rank within sector130 / 149150 / 171130 / 155 / /
Quartile th4 th4 th4 th th th

Calendar performance

YTD-20172016201520142013
Fund0.21 %0 %0 %0 %0 %
Sector4.15 %-0.53 %-0.64 %5.08 %1.38 %
Rank within sector132 / 159 / / / /
Quartile th4 th th th th th

Price movement

52 week high10361.07
52 week low10155.07
Current bid price0
Current offer price0
Current mid price10212.99

Holdings by region

  • 53.27% USA
  • 11.46% Japan
  • 8.4% UK
  • 7.37% Others
  • 4.32% China
  • 4.16% Germany
  • 2.57% Hong Kong
  • 2.41% Spain
  • 1.79% Hungary
  • 1.64% Norway

Holdings by sector

  • 15.82% Financials
  • 14.82% Government Bonds
  • 12.93% Non-Cyclical Consumer Goods
  • 12.77% Communications
  • 12.34% Industrials
  • 10.84% Technology
  • 8.75% Cyclical Consumer Goods
  • 4.61% Basic Materials
  • 3.65% Utilities
  • 2.77% Energy

Holdings by asset type

-

Individual holdings

  • 7.42% VOLCAN COMPANIA MINERA
  • 6.68% ACS ACTIVIDADES DE CONSTRUCCION Y
  • 6.65% ANGLO AMERICAN
  • 6.26% MAGYAR NEMZETI VAGYONKEZELO
  • 5.97% IBERDROLA SA
  • 4.58% INDAH CAPITAL LTD
  • 4.41% YAMAGUCHI FINANCIAL GROUP INC
  • 3.92% YAMAGATA BANK
  • 3.77% RICHTER GEDEON PLC
  • 3.4% GREAT PORTLAND ESTATES PLC