Fact sheet: Mirabaud Convtl Bd Eur

Fund information

Fund name
Mirabaud Convertible Bonds Europe A Cap 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

2.61 %

1 Year rank in sector

-

Sector

FO Convertible

Yield
-
Fund size

£ 256.4 m

FE Risk score

41

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • France
    30.9%
  • Netherlands
    15.7%
  • UK
    13.1%
  • Germany
    11.1%
  • Spain
    9.2%
  • Energy
    15.5%
  • Industrials
    14.9%
  • Financials
    11.1%
  • Consumer Discretionary
    9.9%
  • Telecommunications Utilities
    9.4%
  • French Fixed Interest
    30.9%
  • Dutch Fixed Interest
    15.7%
  • UK Fixed Interest
    13.1%
  • German Fixed Interest
    11.1%
  • Spanish Fixed Interest
    9.2%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-3.13 %-3.21 %2.61 %6.58 %19.88 %
Sector-1.93 %0.08 %5.33 %7.66 %24.99 %
Rank within sector / / / / /
Quartile th th th th th th

Calendar performance

YTD-20172016201520142013
Fund1.28 %-1.7 %7.71 %1.84 %9.06 %
Sector4.51 %0.75 %2.92 %2.27 %11.66 %
Rank within sector / / / / /
Quartile th th th th th th

Risk statistics

Alpha-0.14
Beta1.03
Sharpe-0
Volatility6.18
Tracking error2.6
Information ratio-0.04
R-Squared0.82

Price movement

52 week high142.44
52 week low134.3
Current bid price0
Current offer price0
Current mid price137.32

Holdings by region

  • 30.9% France
  • 15.7% Netherlands
  • 13.1% UK
  • 11.1% Germany
  • 9.2% Spain
  • 6% Belgium
  • 5.8% Others
  • 4% Money Market
  • 2.1% Norway
  • 2.1% Switzerland

Holdings by sector

  • 15.5% Energy
  • 14.9% Industrials
  • 11.1% Financials
  • 9.9% Consumer Discretionary
  • 9.4% Telecommunications Utilities
  • 8.9% Health Care
  • 8.7% Information Technology
  • 8.3% Materials
  • 4.8% Consumer Staples
  • 4% Money Market

Holdings by asset type

  • 30.9% French Fixed Interest
  • 15.7% Dutch Fixed Interest
  • 13.1% UK Fixed Interest
  • 11.1% German Fixed Interest
  • 9.2% Spanish Fixed Interest
  • 6% Belgian Fixed Interest
  • 5.8% Global Fixed Interest
  • 4% Money Market
  • 2.1% Norwegian Fixed Interest
  • 2.1% Swiss Fixed Interest

Individual holdings

  • 3.3% 1.25% CV INDRA SISTEMAS 16/23 SR S
  • 3.2% 0% CV MICHELIN 17/22 SR
  • 3.2% 1.65% CV SIEMENS WTS SIE+OSR 12/19
  • 3.1% 0% CV WENDEL 16/19 EUR 51.98 SR
  • 3.1% 0% SUB.CV TELEFONICA 16/21 SR
  • 3.1% 1% CV BP CAP.MKTS (BP) 16/23 SR S
  • 3% 0.875% CV TECHNIP 16/21 SR S
  • 2.9% 0% CV VALEO 16/21 SR S
  • 2.9% 0.00% CV BEKAERT 16/21 SR
  • 2.8% 1.875% CV BRENNTAG (FR/RAT)15/22 SR