Fact sheet: BNP Paribas L1BdEurHYd

Fund information
Fund name
BNP Paribas L1 Bond Euro High Yield Classic Dis EUR
Fund manager company
BNP Paribas Invest Partners Lu
Fund type
Offshore Fund
Fund managers
  • Christophe Auvitysince 31/07/2014
Fund objective
Investment Objective of the Feeder Invest in the Master Investment Objective of the Master Increase the value of its assets over the medium term
Benchmark
  • Merrill Lynch Euro Crncy Non-Fin High Yield BB-B Constrained (hedged in EUR) (RI)
Investment style
High Yield
Investment method
Fixed Interest, Feeder fund
Quick stats
1 Year return
9.8%
1 Year rank in sector
-
Sector
FO Fixed Int - EUR High Yield
Yield
-
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.
1.54%
Fund size
£555m
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.
67
Top in this sector
Fund name1 Year
Schroder ISF EURO Hi Yd15%
JI High Yield Corporate Bonds CL14.4%
AB EuroHigh Yld Pfl14.2%
Fidelity Eur Hi Yld13.5%
UBS (L)B€HiYld€13.4%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • UK28%
    Others19.8%
    USA10.8%
    France9.7%
    Money Market9.6%
  • Communications33.5%
    Others21.6%
    Cash & Cash Equivalents9.6%
    Capital Goods9.3%
    Industrials9%
  • UK Fixed Interest28%
    Global Fixed Interest19.8%
    US Fixed Interest10.8%
    French Fixed Interest9.7%
    Money Market9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%3.3%2.3%9.8%9.3%34.1%
Sector0.6%3.1%2.5%12%11.9%40%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund1.3%5.5%0.1%3.8%7%
Sector1%8%0.8%3.2%8.3%
Rank within sector-----
Quartile
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.
-0.67
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.
0.98
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
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%.
4.33
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.
1.11
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.
-0.68
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.
0.93
Price movement
52 week high84.25
52 week low78.67
Current bid price-
Current offer price-
Current mid price83.5
Region
1UK27.96%
2Others19.83%
3USA10.79%
4France9.65%
5Money Market9.6%
6Luxembourg7.72%
7Netherlands7.62%
8Germany6.83%
Industry sector
1Communications33.52%
2Others21.57%
3Cash & Cash Equivalents9.6%
4Capital Goods9.3%
5Industrials9.02%
6Cyclical Consumer Goods8.82%
7Non-Cyclical Consumer Goods8.17%
Asset type
1UK Fixed Interest27.96%
2Global Fixed Interest19.83%
3US Fixed Interest10.79%
4French Fixed Interest9.65%
5Money Market9.6%
6Luxembourg Fixed Interest7.72%
7Dutch Fixed Interest7.62%
8German Fixed Interest6.83%
Individual holdings
1BNP INSTICASH EUR M5.96%
2TELECOM ITALIA SPA(NEW) 7.375% MTN 15/12/17 GBP500002.35%
3RAPID HOLDING 6.63 15/05/20171.94%
4ADRIA BIDCO BV 7.88 15/02/20171.92%
5VIRIDIAN GROUP 7.50 01/09/20171.73%
6FIAT IND FIN 6.25 09/03/20181.66%
7TELENET FNCE VI 4.88 15/07/20211.53%
8REPSOL INTL FIN 4.50 25/03/20251.52%
9UPC HOLDING 6.38 15/09/20171.52%
Management
Fund manager group
BNP Paribas Invest Partners
Fund manager company
BNP Paribas Invest Partners Lu
Fund type
Offshore Fund
Fund objective
Investment Objective of the Feeder Invest in the Master Investment Objective of the Master Increase the value of its assets over the medium term
Benchmark
  • Merrill Lynch Euro Crncy Non-Fin High Yield BB-B Constrained (hedged in EUR) (RI)
Investment style
High Yield
Investment method
Fixed Interest, Feeder fund
Fund managers
NameSinceBiography
Christophe Auvity31/07/2014Christophe Auvity transferred to FFTW from BNP Paribas Asset Management in 2007. He is a portfolio manager within the Credit and Structured Finance team, reporting to Nicolas Chaput. Christophe is responsible for managing credit total return funds and CDO collateral. Christophe joined FFTW with more than 14 years experience at BNP Paribas Asset Management. He transferred to FFTW with other members of Nicolas' team, and had previously performed the role described above. Prior to this he spent five years as a senior portfolio manager, specialising in European fixed income and credit funds. In this role Christophe actively participated in defining the investment process with the credit research team, and was responsible for funds worth EUR 700 million. Earlier in his career with BNP Paribas Asset Management Christophe worked as a portfolio manager covering European fixed income. Christophe holds Master's degrees in Finance (1991) and Management Science (1990) from the University of Paris-Sorbonne.
Compliance
Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Belgium, Switzerland, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Sweden
BNP Paribas L1 Bond Euro High Yield Classic Cap EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.58%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.28
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF9CF
BNP Paribas L1 Bond Euro High Yield Classic Dis EUR
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price83.5
CurrencyEUR
Price updated20/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFZ89
BNP Paribas L1 Bond Euro High Yield Classic Dis USD
Initial charge3%
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price88.69
CurrencyUSD
Price updated20/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF6C1
BNP Paribas L1 Bond Euro High Yield N Cap EUR
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)-
Bid price102.31
Offer price102.31
Mid price-
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFTQQ
Data provided by

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