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(s)
Nicolas Crémieux
since 26/08/2013
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 CB hedged EUR
Investment style
None
Investment method
Convertibles

Quick stats

1 Year return

6.46 %

1 Year rank in sector

42/77

Sector

FO Convertible

Yield
-
Fund size

£ 257.8 m

FE Risk score

40

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • France
    26.2%
  • Netherlands
    18.4%
  • UK
    13.3%
  • Germany
    10.4%
  • Spain
    10.2%
  • Industrials
    16.5%
  • Energy
    14.7%
  • Financials
    11.6%
  • Information Technology
    10.1%
  • Telecommunications Utilities
    8.9%
  • French Fixed Interest
    26.2%
  • Dutch Fixed Interest
    18.4%
  • UK Fixed Interest
    13.3%
  • German Fixed Interest
    10.4%
  • Spanish Fixed Interest
    10.2%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.83 %2.07 %6.46 %16.89 %29.24 %
Sector1.08 %3.14 %6.62 %13.57 %28 %
Rank within sector51 / 8053 / 7842 / 7721 / 63 /
Quartile th3 rd3 rd3 rd2 nd th

Calendar performance

YTD-20172016201520142013
Fund4.21 %-0.95 %8.35 %2.59 %0 %
Sector5.45 %0.75 %2.92 %2.27 %11.66 %
Rank within sector46 / 7857 / 767 / 6839 / 60 /
Quartile th3 rd3 rd1 st3 rd th

Risk statistics

Alpha1.06
Beta1.03
Sharpe0.11
Volatility6.19
Tracking error2.54
Information ratio0.44
R-Squared0.83

Price movement

52 week high126.98
52 week low117.18
Current bid price0
Current offer price0
Current mid price125.65

Holdings by region

  • 26.2% France
  • 18.4% Netherlands
  • 13.3% UK
  • 10.4% Germany
  • 10.2% Spain
  • 7% Others
  • 5.7% Belgium
  • 2.5% Norway
  • 2.3% Italy
  • 2.2% Switzerland

Holdings by sector

  • 16.5% Industrials
  • 14.7% Energy
  • 11.6% Financials
  • 10.1% Information Technology
  • 8.9% Telecommunications Utilities
  • 8.4% Consumer Discretionary
  • 8.4% Materials
  • 8% Health Care
  • 7.7% Consumer Staples
  • 2.8% Real Estate

Holdings by asset type

  • 26.2% French Fixed Interest
  • 18.4% Dutch Fixed Interest
  • 13.3% UK Fixed Interest
  • 10.4% German Fixed Interest
  • 10.2% Spanish Fixed Interest
  • 7% Global Fixed Interest
  • 5.7% Belgian Fixed Interest
  • 2.5% Norwegian Fixed Interest
  • 2.3% Italian Fixed Interest
  • 2.2% Swiss Fixed Interest

Individual holdings

  • 3.5% 0% CV MICHELIN 17/22 SR
  • 3.2% 1.25% CV INDRA SISTEMAS 16/23 SR S
  • 3.1% 0% SUB.CV TELEFONICA 16/21 SR
  • 3.1% 0.875% CV TECHNIP 16/21 SR S
  • 3.1% 1% CV BP CAP.MKTS (BP) 16/23 SR S
  • 3.1% 1.65% CV SIEMENS WTS SIE+OSR 12/19
  • 3% 1.875% CV BRENNTAG (FR/RAT)15/22 SR
  • 2.9% 3.875% CV INMARSAT 16/23 SR
  • 2.8% 0% CV VALEO 16/21 SR S
  • 2.8% 0.00% CV BEKAERT 16/21 SR