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

5.16 %

1 Year rank in sector

38/75

Sector

FO Convertible

Yield
-
Fund size

£ 253.5 m

FE Risk score

40

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • France
    23.6%
  • Netherlands
    19.5%
  • UK
    13.1%
  • Spain
    11.8%
  • Germany
    8.5%
  • Industrials
    17.1%
  • Energy
    13.7%
  • Financials
    11.3%
  • Telecommunications Utilities
    11.1%
  • Information Technology
    9.2%
  • French Fixed Interest
    23.6%
  • Dutch Fixed Interest
    19.5%
  • UK Fixed Interest
    13.1%
  • Spanish Fixed Interest
    11.8%
  • German Fixed Interest
    8.5%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.79 %2.37 %5.16 %12.66 %27.7 %
Sector1.12 %2.61 %4.96 %8.8 %26.23 %
Rank within sector57 / 7738 / 7638 / 7520 / 63 /
Quartile th3 rd2 nd3 rd2 nd th

Calendar performance

YTD-20172016201520142013
Fund3.35 %-0.95 %8.35 %2.59 %0 %
Sector4.42 %0.75 %2.92 %2.27 %11.66 %
Rank within sector48 / 7655 / 747 / 6939 / 61 /
Quartile th3 rd3 rd1 st3 rd th

Risk statistics

Alpha1.18
Beta1.02
Sharpe-0
Volatility6.25
Tracking error2.55
Information ratio0.47
R-Squared0.83

Price movement

52 week high126.98
52 week low117.18
Current bid price0
Current offer price0
Current mid price124.61

Holdings by region

  • 23.6% France
  • 19.5% Netherlands
  • 13.1% UK
  • 11.8% Spain
  • 8.5% Germany
  • 6.8% Others
  • 5.9% Belgium
  • 2.7% Italy
  • 2.6% Norway
  • 2.4% Switzerland

Holdings by sector

  • 17.1% Industrials
  • 13.7% Energy
  • 11.3% Financials
  • 11.1% Telecommunications Utilities
  • 9.2% Information Technology
  • 9.2% Materials
  • 8.9% Consumer Staples
  • 6.7% Consumer Discretionary
  • 6.7% Health Care
  • 3% Real Estate

Holdings by asset type

  • 23.6% French Fixed Interest
  • 19.5% Dutch Fixed Interest
  • 13.1% UK Fixed Interest
  • 11.8% Spanish Fixed Interest
  • 8.5% German Fixed Interest
  • 6.8% Global Fixed Interest
  • 5.9% Belgian Fixed Interest
  • 2.7% Italian Fixed Interest
  • 2.6% Norwegian Fixed Interest
  • 2.4% Swiss Fixed Interest

Individual holdings

  • 3.6% 1.25% CV INDRA SISTEMAS 16/23 SR S
  • 3.3% 0% SUB.CV TELEFONICA 16/21 SR
  • 3.1% 0.875% CV TECHNIP 16/21 SR S
  • 3.1% 1.65% CV SIEMENS WTS SIE+OSR 12/19
  • 3% 0.00% CV BEKAERT 16/21 SR
  • 3% 3.875% CV INMARSAT 16/23 SR
  • 3% 4% CV STEINHOFF FIN.HLDG 14/21 SR
  • 2.9% 1% CV BP CAP.MKTS (BP) 16/23 SR S
  • 2.9% 1.875% CV BRENNTAG (FR/RAT)15/22 SR
  • 2.8% 0% CV MICHELIN 17/22 SR