Fact sheet: Mirabaud Convtl Bd Eur

Fund information

Fund name
Mirabaud Convertible Bonds Europe I EUR
Fund company manager
Mirabaud Asset Management (Eur
Fund type
SIB
Fund manager
Renaud Martin
since 17/10/2011
Fund objective
The objective of the fund is to seek, through a selection of values (European convertible bonds), a medium and long term performance at least equal to that of the benchmark. The achievement of this objective is based, on one hand, on our analysis of market shares and on the other hand, on our quantitative and qualitative credit corporate expertise. We pay particular attention to mid-caps, which represent more than half of the world of convertible bonds. We would like to remind you that convertible bonds are hybrid instruments between fixed income and equity and that the main risks of this fund are: risk of capital loss, equity risk, interest rate risk, credit risk, currency risk and risk of under-performance against the benchmark. These risks are described in detail in the full prospectus.
Benchmark
Thomson Reuters Europe Focus Hedged Convertible Bond Index
Investment style
None
Investment method
Convertibles

Quick stats

1 Year return

4.04 %

1 Year rank in sector

33/75

Sector

FO Convertible

Yield
-
Fund size

£ 247.5 m

FE Risk score

42

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • France
    21.3%
  • Netherlands
    20.7%
  • UK
    12.5%
  • Spain
    12.2%
  • Germany
    11.3%
  • Industrials
    16.2%
  • Energy
    13.8%
  • Telecommunications Utilities
    12.4%
  • Financials
    12.1%
  • Consumer Staples
    9.9%
  • French Fixed Interest
    21.3%
  • Dutch Fixed Interest
    20.7%
  • UK Fixed Interest
    12.5%
  • Spanish Fixed Interest
    12.2%
  • German Fixed Interest
    11.3%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-1.18 %2.08 %4.65 %11.94 %28.47 %
Sector-0.72 %1.35 %4.06 %7.15 %26.5 %
Rank within sector66 / 7728 / 7633 / 7514 / 62 /
Quartile th4 th2 nd2 nd1 st th

Calendar performance

YTD-20172016201520142013
Fund2.7 %-0.95 %8.35 %2.59 %0 %
Sector3.21 %0.75 %2.92 %2.27 %11.66 %
Rank within sector47 / 7655 / 747 / 6940 / 62 /
Quartile th3 rd3 rd1 st3 rd th

Risk statistics

Alpha1.35
Beta1.02
Sharpe0.04
Volatility6.22
Tracking error2.55
Information ratio0.54
R-Squared0.83

Price movement

52 week high126.98
52 week low117.18
Current bid price0
Current offer price0
Current mid price123.82

Holdings by region

  • 21.3% France
  • 20.7% Netherlands
  • 12.5% UK
  • 12.2% Spain
  • 11.3% Germany
  • 7.9% Others
  • 5.3% Belgium
  • 2.4% Norway
  • 2.1% Switzerland
  • 2% Money Market

Holdings by sector

  • 16.2% Industrials
  • 13.8% Energy
  • 12.4% Telecommunications Utilities
  • 12.1% Financials
  • 9.9% Consumer Staples
  • 9.5% Information Technology
  • 6.6% Materials
  • 6.5% Health Care
  • 5.5% Consumer Discretionary
  • 3.7% Real Estate

Holdings by asset type

  • 21.3% French Fixed Interest
  • 20.7% Dutch Fixed Interest
  • 12.5% UK Fixed Interest
  • 12.2% Spanish Fixed Interest
  • 11.3% German Fixed Interest
  • 7.9% Global Fixed Interest
  • 5.3% Belgian Fixed Interest
  • 2.4% Norwegian Fixed Interest
  • 2.1% Swiss Fixed Interest
  • 2% Money Market

Individual holdings

  • 3.5% 0% SUB.CV TELEFONICA 16/21 SR
  • 3.2% 0% CV AMERICA MOVIL (KPN) 15/20
  • 3.2% 1.25% CV INDRA SISTEMAS 16/23 SR S
  • 3.2% INTL CONS.AIR.GP 0.25% 15/20 SR
  • 3.1% 0.875% CV TECHNIP 16/21 SR S
  • 3.1% 1.65% CV SIEMENS WTS SIE+OSR 12/19
  • 3.1% 1.875% CV BRENNTAG (FR/RAT)15/22 SR
  • 3% 1% CV BP CAP.MKTS (BP) 16/23 SR S
  • 2.9% 4% CV STEINHOFF FIN.HLDG 14/21 SR
  • 2.7% 3.875% CV INMARSAT 16/23 SR