RAM (Lux) Tactical

Asia Bond Total Return Fund

Fund information

As Of

Tot. Asset (Eur MN)

Num. of holdings

Fund Launch Date

31.05.2022
73
125
13.06.2013

Risk reward profile

  • Characteristics of the Sub-fund
  • Performance
  • Subscription and redemptions modalities
  • Glossary
  • Management Company
    RAM Active Investments (Europe) SA
  • Depositary
    Banque de Luxembourg S.A., Luxembourg
  • Central Administration
    European Fund Administration S.A., Luxembourg
  • Auditor
    PriceWaterHouseCoopers SARL, Luxembourg
  • Regulatory Authority
    CSSF, Luxembourg
  • Legal structure
    SICAV (UCITS V)
  • Currency
    USD
  • Liquidity
    Daily
  • Duration of the Sub-Fund
    Indéterminée (COMPARTIMENT Ouvert)
  • Performance as of

Source: RAM Active Investments

This graph only displays information over full calendar years of realized track record for the selected share class. All fees and charges have been taken into account, with the exception of entry and exit fees. The initial fee may have a substantial impact on the performance of your investment.

All fees and charges have been taken into account, with the exception of entry and exit fees.The initial fee may have a substantial impact on the performance of your investment.

All fees and charges have been taken into account, with the exception of entry and exit fees.The initial fee may have a substantial impact on the performance of your investment.

Subscription and redemptions modalities

We recommend that you contact your usual financial adviser, who will be able to help you to:

  • 1
    Assess your investor profile
  • 2
    Take your current financial situation into account
  • 3
    Tailor your investment objectives to your personal situation
  • 4
    Plan the best way to achieve your objectives

Whenever you instruct your bank, your financial adviser or any other intermediary to carry out a transaction involving one of the RAM Active Investments sub-funds, we recommend that you read the sub-fund’s legal documents and identify the ISINs of the sub-funds/share classes that interest you ahead of time so that you can discuss them with your financial adviser directly. You will find these codes on the sub-funds’ factsheets (and other legal documents), and on the website.

Glossary

  • Alpha

    Alpha is the difference between the performance of the fund and its expected performance given its market sensitivity or Beta. Alpha is used as a measure of value added by a fund manager. A positive alpha indicates that a fund has performed better than its Beta, systematic risk exposure, would predict. Alpha is the intercept value derived from the single-factor (market index) regression defined to calculate Beta.

  • Beta

    Beta is defined as a fund’s sensitivity to market movements and is used to evaluate systematic risk. Beta is a measure of the linear relationship over time, the slope, of the fund’s returns and those of the benchmark. Beta is computed by regressing the fund’s excess returns over the risk-free rate against the excess returns of the benchmark over the risk-free rate. A beta greater than 1 means that the fund tends to amplify market movements, when it amortizes them when beta is lower than 1, suggesting a more defensive behavior.

  • Max Drawdown

    Max Drawdown is a downside risk analytic that measures the worst period of peak-to-valley performance of the fund, regardless of whether or not the drawdown consisted of consecutive observations of negative performance. It represents the maximum loss that an investor could have incurred during the period.

  • Sharpe

    Sharpe Ratio is a Risk/Return measure of the annualized fund's returns in excess of the risk free rate to the annualized standard deviation of these returns. The higher the ratio, the better is the fund, since it will have delivered a higher marginal return per unit of risk, represented by the volatility. A negative Sharpe ratio only indicates that a risk-free asset would have performed better than the fund.

  • SRRI

    The SRRI represents the risk and return profile as presented in the Key Investor Information Document (KIID). The lowest category does not imply the investment is risk free. The SRRI is not guaranteed and may change over time.

  • Volatility

    Amplitude of the variation of the price/of the value of a security, a sub-fund, a market or an index, measuring the importance of risk over a given period. Volatility is calculated through the standard deviation obtained through calculating the square root of the variance. Variance being the average of the squared differences of deviations from the mean.The higher the volatility, the riskier the security, the sub-fund may be.

  • Swing Pricing

    Swing pricing refers to a process for adjusting a fund’s net asset value (NAV) to effectively pass on transaction and market impact costs stemming from net capital activity (i.e., flows into or out of the fund) to the investors associated with that activity during the life of a fund, excluding ramp-up period or termination.

  • High-Water Mark

    This is the highest net asset value (NAV) that a fund has reached and for which a performance fee was paid.
    Using a high-water mark prevents the fund manager from receiving any performance fees on downside outperformance. It also means that investors do not end up paying performance fees more than once for the same increase in their fund's NAV (which is something that could otherwise happen in a fluctuating or sideways market).

Objectives & Investments Policy

Generate above average returns in the medium to long term by investing into debt related instruments and the majority of the returns will be derived by the yield of the underlying investments and capital gains. The sub-fund will mainly invest in bonds and other debt related securities,  primarily denominated  in USD, whose issuers are domiciled in, or are exercising the predominant part of their economic activity in Asian countries. The sub-fund may invest in local markets and local currency bonds. The sub-fund may invest up to one third in bonds and other debt related securities without any restriction as regards to region, sector or rating, and in money market instruments and any other financial instruments linked to an interest rate. The sub-fund may invest up to 10% to the aforementioned categories indirectly through other investment funds. The sub-fund may use derivatives in order to hedge its portfolio against the consequences of adverse market developments. The portfolio is managed on a systematic basis without using a reference benchmark.