Fact sheet: UBAM Convrtbl Eur 10-40

Fund information

Fund name
UBAM Convertibles Europe 10-40 AC EUR
Fund company manager
Union Bancaire Privee
Fund type
SIB
Fund manager(s)
Fund objective
The management objective is to enable the investor to benefit from the specific risk/return ratio of convertible bonds from the Eurozone. Convertible bonds have an asymmetric risk/return profile (all other things being equal, for a given variation in the underlying securities, upside participation is greater than downside participation). However, a convertible bond usually has a lower yield than a normal bond issued by the same issuer. This specific risk/return ratio may be altered by the fluctuations in interest rates, credit spreads and implied volatility.
Benchmark
Thomson Reuters Eurozone Focus Convertibles Hedged EUR index
Investment style
None
Investment method
Convertibles

Quick stats

1 Year return

4.84 %

1 Year rank in sector

59/78

Sector

FO Convertible

Yield
-
Fund size

£ 1.1 b

FE Risk score

33

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Germany
    24.4%
  • France
    20.4%
  • UK
    16.1%
  • Italy
    12.9%
  • Spain
    9.1%
  • Financials
    24.2%
  • Telecommunications
    19.1%
  • Consumer Staples
    9.9%
  • Utilities
    9%
  • Consumer Discretionary
    8.5%
  • German Fixed Interest
    23.3%
  • French Fixed Interest
    19.4%
  • UK Fixed Interest
    15.22%
  • Italian Fixed Interest
    12.27%
  • Spanish Fixed Interest
    8.65%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.36 %-0.72 %4.84 %2.86 %19.25 %
Sector0.46 %2.15 %7.24 %9.99 %27.83 %
Rank within sector48 / 8166 / 7959 / 7863 / 6541 / 52
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Calendar performance

YTD-20172016201520142013
Fund2.65 %-2.51 %2.79 %3.24 %9.54 %
Sector5.94 %0.75 %2.92 %2.27 %11.66 %
Rank within sector64 / 7970 / 7740 / 6825 / 6030 / 53
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Risk statistics

Alpha-1.91
Beta0.88
Sharpe-0
Volatility5.21
Tracking error2.06
Information ratio-1.13
R-Squared0.86

Price movement

52 week high1837.62
52 week low1730.1
Current bid price0
Current offer price0
Current mid price1818.28

Holdings by region

  • 24.4% Germany
  • 20.4% France
  • 16.1% UK
  • 12.9% Italy
  • 9.1% Spain
  • 7.1% Others
  • 5.7% Netherlands
  • 1.5% Switzerland
  • 1.4% Austria
  • 1.4% United Arab Emirates

Holdings by sector

  • 24.2% Financials
  • 19.1% Telecommunications
  • 9.9% Consumer Staples
  • 9% Utilities
  • 8.5% Consumer Discretionary
  • 8.3% Materials
  • 6.2% Technology
  • 5.6% Energy
  • 4.9% Money Market
  • 4.3% Industrials

Holdings by asset type

  • 23.3% German Fixed Interest
  • 19.4% French Fixed Interest
  • 15.22% UK Fixed Interest
  • 12.27% Italian Fixed Interest
  • 8.65% Spanish Fixed Interest
  • 6.75% Others
  • 5.42% Dutch Fixed Interest
  • 4.9% Money Market
  • 1.43% Swiss Fixed Interest
  • 1.33% Austrian Fixed Interest

Individual holdings

  • 3.9% AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR100000
  • 3.7% TELECOM ITALIA SPA 1.1% 26.03.2022
  • 3.6% TELEFONICA 09.03.2021
  • 3.5% VEOLIA ENVIRON. 15.03.2021
  • 3.1% IBERDROLA INTERNATIONAL BV 0% CNV BDS 11/11/22 EUR100000
  • 3% INTU (JERSEY) LTD 2.50% GTD CONV BDS 04/10/18
  • 2.8% BRENNTAG FIN. 1.9% 02.12.2022
  • 2.8% DEUTSCHE WOHNEN SE 0.325% CNV BDS 26/07/24 EUR100000
  • 2.7% ENI 0% CNV BDS 13/04/22 EUR100000
  • 2.7% FRESENIUS SE & CO KGAA 0% CNV BDS 31/01/24 EUR100000