Fact sheet: UBAM Convrtbl Eur 10-40

Fund information

Fund name
UBAM Convertibles Euro 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

2.89 %

1 Year rank in sector

66/77

Sector

FO Convertible

Yield
-
Fund size

£ 1.2 b

FE Risk score

32

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Germany
    25%
  • France
    21.1%
  • Italy
    13.1%
  • UK
    10.6%
  • Others
    10.5%
  • Financials
    19.8%
  • Telecommunications
    16.2%
  • Consumer Discretionary
    12.5%
  • Consumer Staples
    8.7%
  • Materials
    8.5%
  • German Fixed Interest
    22.38%
  • French Fixed Interest
    18.88%
  • Italian Fixed Interest
    11.72%
  • Money Market
    10.5%
  • UK Fixed Interest
    9.49%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.17 %1.18 %2.89 %4.5 %19.9 %
Sector0.89 %3.51 %6.36 %13.69 %27.3 %
Rank within sector77 / 8068 / 7866 / 7762 / 6338 / 52
Quartile th4 th4 th4 th4 th3 rd

Calendar performance

YTD-20172016201520142013
Fund2.38 %-2.51 %2.79 %3.24 %9.54 %
Sector5.52 %0.75 %2.92 %2.27 %11.66 %
Rank within sector65 / 7869 / 7640 / 6825 / 6030 / 53
Quartile th4 th4 th3 rd2 nd3 rd

Risk statistics

Alpha-1.87
Beta0.88
Sharpe-0
Volatility5.18
Tracking error2.06
Information ratio-1.08
R-Squared0.86

Price movement

52 week high1837.62
52 week low1730.1
Current bid price0
Current offer price0
Current mid price1813.51

Holdings by region

  • 25% Germany
  • 21.1% France
  • 13.1% Italy
  • 10.6% UK
  • 10.5% Others
  • 9% Spain
  • 5.4% Netherlands
  • 2.4% Portugal
  • 1.5% Belgium
  • 1.4% United Arab Emirates

Holdings by sector

  • 19.8% Financials
  • 16.2% Telecommunications
  • 12.5% Consumer Discretionary
  • 8.7% Consumer Staples
  • 8.5% Materials
  • 8.2% Energy
  • 8% Money Market
  • 7.9% Utilities
  • 6.3% Technology
  • 3.9% Industrials

Holdings by asset type

  • 22.38% German Fixed Interest
  • 18.88% French Fixed Interest
  • 11.72% Italian Fixed Interest
  • 10.5% Money Market
  • 9.49% UK Fixed Interest
  • 9.4% Global Fixed Interest
  • 8.06% Spanish Fixed Interest
  • 4.83% Dutch Fixed Interest
  • 2.15% Portuguese Fixed Interest
  • 1.34% Belgian Fixed Interest

Individual holdings

  • 4.4% STEINHOFF FINANCE HOLDING GMBH 1.25% CNV BDS 11/08/22 EUR100000 REG S
  • 3.8% AMERICA MOVIL SAB DE CV 0% CNV BDS 28/05/20 EUR100000
  • 3.6% TELECOM ITALIA SPA 1.1% 26.03.2022
  • 3.5% TELEFONICA 09.03.2021
  • 3.5% VEOLIA ENVIRON. 15.03.2021
  • 3.1% ENI 0% CNV BDS 13/04/22 EUR100000
  • 3.1% IBERDROLA INTERNATIONAL BV 0% CNV BDS 11/11/22 EUR100000
  • 2.9% STEINHOFF FIN H 1.3% 21.10.2023
  • 2.7% BRENNTAG FIN. 1.9% 02.12.2022
  • 2.7% DEUTSCHE WOHNEN SE 0.325% CNV BDS 26/07/24 EUR100000