Jupiter Dynamic Bond Fund L Minc USD (Hedged)

木星動力債券基金 L類 Minc 美元 (對沖)

LU0992293067

Risk Rating: Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.02%
3 mth
-0.24%
6 mth
+4.17%
1 yr
+11.07%
3 yr
+12.83%
5 yr
+21.47%

Analytical Figures (3 years)

Annualized Return
+4.11%
Annualized Volatility
+2.78%
Sharpe Ratio
+0.82

Fund Information

Fund Houses
Jupiter Asset Management (Hong Kong) Limited
Launch Date
2012-05-07
Fund Manager
Ariel Bezalel
Manager Start Date
2012-5-8
Geographical Focus
Global
Asset Class/ Sector
Fixed Income - Hybrid
Risk Rating
Risk Level 3

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-11-19)
EUR 8,303,822,094.31
Management Fee
1.25%
Latest Dividend
USD 0.032400 (2019-10-30)

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD10,000.00Min. Subscription

1.25%

HKD10,000.00Min. Subscription

USD

HKD10,000.00Min. Subscription

HKD10,000.00

HKD10,000.00

Daily

16:30

-

Dividend Records

Dividend DateDividend Records (USD)
2019-10-300.032400
2019-09-290.022000
2019-08-290.030600
2019-07-300.033100
2019-06-270.022200
2019-05-300.032300
2019-04-290.037100
2019-03-280.022500
2019-02-270.032500
2019-01-300.038300
2018-12-300.020600
2018-11-290.035500
2018-10-300.038200
2018-09-270.024700
2018-08-300.039300
2018-07-300.038800
2018-06-280.024700
2018-05-300.039400
2018-04-290.034200
2018-03-280.028900
2018-02-270.031000
2018-01-300.036900
2017-12-280.024200
2017-11-290.032300
2017-10-300.042000
2017-09-280.013500
2017-08-300.022700
2017-07-300.021200
2017-06-290.018300
2017-05-300.023300
2017-04-270.021600
2017-03-300.019300
2017-02-270.021000
2017-01-300.025000
2016-12-290.024000
2016-11-290.024400
2016-10-300.022900
2016-09-290.020200
2016-08-300.026600
2016-07-280.022100
2016-06-290.025200
2016-05-300.024500
2016-04-280.020900
2016-03-300.027200
2016-02-280.021100
2016-01-280.023000
2015-12-300.028200
2015-11-290.023500
2015-10-290.023000
2015-09-290.030600
2015-08-300.048300
2015-07-300.027700
2015-06-290.027800
2015-05-280.025200
2015-04-290.016300
2015-04-280.016300
2015-03-300.028700
2015-02-260.020200
2015-01-290.024800
2014-12-300.029800
2014-11-270.023500
2014-10-300.029600
2014-09-290.028417
2014-08-280.026100
2014-07-300.033500
2014-06-290.028900
2014-05-290.029417
2014-04-290.033122
2014-03-300.018300

Investment Objective

To achieve a high income with the prospect of capital growth from a portfolio of investments in global fixed interest securities.
The Fund will invest primarily in higher yielding assets including high yield bonds, investment grade bonds, government bonds, convertible bonds and other bonds (such as corporate bonds issued by companies domiciled in emerging markets). The manager will only enter into derivative transactions for the purpose of efficient management of the portfolio including, but not limited to, forward currency transactions to hedge exposures back into Euros, interest rate futures to hedge duration exposure and credit default swaps and options to hedge credit risk, and not for investment.

Nature and Extent of Risks

Investment involves risks. The key risks associated with the Fund are set out below.
Please refer to the offering documents for details of all the risk factors.
1. General investment risk
The Fund is an investment fund. The Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore investment in the Fund may suffer losses. There is no guarantee of the repayment of principal.
2. Risks related to investments in fixed-income securities
The Fund is exposed to the credit/default risk of issuers of the fixed-income securities that the Fund may invest in.
Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.
The credit rating of a fixed-income security or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Fund may be adversely affected. The Investment Manager may or may not be able to dispose of the fixed-income securities that are being downgraded.
Price changes in fixed-income securities are influenced predominantly by interest rate developments in the capital markets, which in turn are influenced by macro-economic factors. Investment in the Fund is subject to interest rate risk. In general, the prices of fixed-income securities could suffer when capital market interest rates rise, while they could increase in value when capital market interest rates fall. The price changes also depend on the term or residual time to maturity of the fixed-income securities.
Valuation of the Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the NAV of the Fund.
3. Risks related to investments in convertible securities
Convertible bonds are a hybrid between debt and equity, corporate bonds with an option that allows an investor to convert the bond into shares at a given price at specified times during the life of the convertible bond. This exposure to equity movements can lead to more volatility than could be expected from a comparable conventional corporate bond, or straight bond investments in general.
Investments in convertible bonds are subject to the same interest rate, credit, liquidity and prepayment risks associated with comparable conventional corporate bonds. Price changes in fixed-income securities are influenced significantly by interest rate developments in the capital markets, which in turn are influenced by macro-economic factors.
The values of convertible securities also may be affected by changes in the credit rating, liquidity or financial condition of the issuer. The Fund may also be exposed to the credit and insolvency risks of the issuers of the securities.
4. Sovereign debt risks
Any investment by the Fund in securities issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Fund to participate in restructuring such debts. The Fund may suffer significant losses when there is a default of sovereign debt issuers.
5. Risks related to use of financial derivative instruments
for hedging/efficient portfolio management Risks associated with financial derivative instruments include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. In adverse circumstances, the Fund’s use of financial derivative instruments may become ineffective in hedging/efficient portfolio management and the Fund may suffer significant losses in relation to use of financial derivative investments. The leverage element/ component can even result in a loss significantly greater than the amount invested in the financial derivative instrument by the Fund.
6. Risks related to foreign currencies
Given that the Fund may invest in assets which are not in its base currency and the class currency may be different from the base currency of the Fund, the investment returns may be affected unfavourably by the fluctuations in currency exchange rates between these currencies and the base currency and by changes in exchange rate controls. With the exception of those Share classes identified in the offering documents as being passive currency hedged (being the US Dollar, Sterling and Swiss Franc denominated classes), the Investment Manager does not currently intend to hedge the foreign currency exposure of the Fund.
7. Risks associated with distributions effectively out of capital
Payment of dividends effectively out of capital amounts to a return or withdrawal of part of a shareholder’s original investment or from any capital gains attributable to that original investment. Any dividends involving payment of dividends effectively out of the capital of the relevant class may result in an immediate reduction of the NAV per share of the relevant class.

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