Fact sheet: Aberdeen Euro Corporate Bond

Fund information
Fund name
Aberdeen Euro Corporate Bond I Acc
Fund manager company
Aberdeen Fund Managers Limited
Fund type
OEIC
Fund manager
  • Pan European Credit Teamsince 10/09/2015
Fund objective
The Fund aims to provide a combination of income and capital growth by investing predominantly in Investment grade corporate Debt and debt-related securities denominated in (or hedged back to) Euros. The Fund may also invest in other transferable securities, including Investment grade and sub-Investment grade Debt and debt-related securities denominated in any currency, including those issued by governments, public bodies and supra-national issuers, as well as money market instruments, deposits, cash and near cash, derivatives and units in collective investment schemes (including other funds managed by the Investment Adviser or its affiliates).
Benchmark
  • Iboxx € Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
20%
1 Year rank in sector
19/67
Sector
UT Global Bonds
Yield
0.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.63%
Fund size
£29m (£26m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
65
Mid price
182.05
Top in this sector
Fund name1 Year
M&G Global gvt bnd28.7%
Aberdeen World Gov Bd24%
M&G Global Macro Bond23.7%
Threadneedle EurpHdBd22.9%
BlackRock OseaCorBdTrk22.9%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • France15.6%
    USA15.2%
    UK13%
    Italy12%
    Germany8.8%
  • Financials44.7%
    Industrials29.4%
    Utilities15.6%
    Government Bonds5.6%
    Property Shares2.9%
  • UK Corporate Fixed Interest19.9%
    French Corporate Fixed Interest15.1%
    US Corporate Fixed Interest14.3%
    Italian Corporate Fixed Interest11%
    German Corporate Fixed Interest7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6%-2.3%8.4%20%11.4%31.1%
Sector-2.8%-1.5%5.2%11.5%13.7%19.4%
Rank within sector63 / 7044 / 6920 / 6919 / 67--
Quartile4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund18.6%----
Sector11.4%-1.3%3.8%-2%6.1%
Rank within sector20 / 67----
Quartile2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-3.35
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.26
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.05
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
9.24
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
4.81
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.41
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.75
Price movement
52 week high197.65
52 week low151.34
Current bid price-
Current offer price-
Current mid price182.05
Region
1France15.62%
2USA15.16%
3UK12.96%
4Italy11.98%
5Germany8.77%
6Europe8.76%
7Netherlands6.6%
8Australia3.71%
9Belgium3.62%
Industry sector
1Financials44.73%
2Industrials29.44%
3Utilities15.56%
4Government Bonds5.56%
5Property Shares2.87%
6Others1.84%
Asset type
1UK Corporate Fixed Interest19.88%
2French Corporate Fixed Interest15.06%
3US Corporate Fixed Interest14.31%
4Italian Corporate Fixed Interest10.99%
5German Corporate Fixed Interest7.01%
6Dutch Corporate Fixed Interest6.6%
7Australian Corporate Fixed Interest3.71%
8Belgian Corporate Fixed Interest3.62%
9Spanish Corporate Fixed Interest3.56%
Individual holdings
1AT&T INC 2.5% BDS 15/03/23 EUR1000002.4%
22I RETE GAS 1.125% 02/01/202.3%
3BNP PARIBAS 2.875% 24/10/221.7%
4JPMORGAN CHASE & CO 2.75% BDS 24/08/22 EUR10001.7%
5COOPERATIVE RABOBANK UA 1.25% 23/03/261.5%
6SNAM SPA 0.875% BDS 25/10/26 EUR1000001.5%
7APT PIPELINES 1.375% 22/03/221.4%
8RTE RESEAU DE TRANSPORT 1% 19/10/261.4%
9AT&T INC 2.4% NTS 15/03/24 EUR10001.3%
Management
Fund manager group
Aberdeen
Fund manager company
Aberdeen Fund Managers Limited
Fund type
OEIC
Fund objective
The Fund aims to provide a combination of income and capital growth by investing predominantly in Investment grade corporate Debt and debt-related securities denominated in (or hedged back to) Euros. The Fund may also invest in other transferable securities, including Investment grade and sub-Investment grade Debt and debt-related securities denominated in any currency, including those issued by governments, public bodies and supra-national issuers, as well as money market instruments, deposits, cash and near cash, derivatives and units in collective investment schemes (including other funds managed by the Investment Adviser or its affiliates).
Benchmark
  • Iboxx € Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Pan European Credit Team10/09/2015
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Aberdeen Euro Corporate Bond A Inc
Initial charge-
Annual charge0.9%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price140.08
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMOZB
Aberdeen Euro Corporate Bond I Acc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price182.05
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMOZC
Aberdeen Euro Corporate Bond I Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.55
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMOZD
Data provided by

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