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 FeederIncrease the value of its assets over the medium termInvestment Objective of the MasterIncrease 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
2.1%
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.
1.58%
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.
65
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd28.4%
Pioneer SICV-Eur Hi Yd26.1%
Deutsche Inv I EurHiYdCorp7.9%
Nordea 1 Europ HgYdBd II7%
Schroder ISF EURO Hi Yd6.3%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • UK29.1%
    Others14.3%
    France12.6%
    Netherlands10.6%
    Luxembourg9.7%
  • Communications31.3%
    Others22.1%
    Capital Goods12.7%
    Cyclical Consumer Goods10%
    Industrials7.4%
  • UK Fixed Interest29.1%
    Global Fixed Interest14.3%
    French Fixed Interest12.6%
    Dutch Fixed Interest10.6%
    Luxembourg Fixed Interest9.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-1.2%1.3%2.1%8.8%41.4%
Sector-0.9%-0.7%3.1%4.7%11.3%49.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund3.9%0.1%3.8%7%20.6%
Sector6.1%0.8%3.2%8.3%22.4%
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.
-0.96
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
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%.
4.26
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.
1.05
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.
-0.92
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.
0.94
Price movement
52 week high84.25
52 week low78.67
Current bid price-
Current offer price-
Current mid price81.14
Region
1UK29.05%
2Others14.33%
3France12.59%
4Netherlands10.55%
5Luxembourg9.74%
6Germany9.58%
7USA9.47%
8Money Market4.69%
Industry sector
1Communications31.28%
2Others22.14%
3Capital Goods12.66%
4Cyclical Consumer Goods9.97%
5Industrials7.37%
6Non-Cyclical Consumer Goods6.66%
7Electricity Supply5.23%
8Cash & Cash Equivalents4.69%
Asset type
1UK Fixed Interest29.05%
2Global Fixed Interest14.33%
3French Fixed Interest12.59%
4Dutch Fixed Interest10.55%
5Luxembourg Fixed Interest9.74%
6German Fixed Interest9.58%
7US Fixed Interest9.47%
8Money Market4.69%
Individual holdings
1TELECOM ITALIA SPA(NEW) 7.375% MTN 15/12/17 GBP500002.35%
2RAPID HOLDING 6.63 15/05/20172.15%
3TELENET FNCE VI 4.88 15/07/20211.97%
4ADRIA BIDCO BV 7.88 17/11/20161.92%
5VIRIDIAN GROUP 7.50 01/09/20171.87%
6FIAT IND FIN 09/03/20181.63%
7HEIDELBERGCEMENT AG 8% BDS 31/01/17 EUR10001.54%
8AXALTA COATING 3.75 15/01/20201.5%
9TELEFONICA EUROPE BV 4.20 04/12/20191.5%
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 FeederIncrease the value of its assets over the medium termInvestment Objective of the MasterIncrease 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, 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 price113.96
CurrencyEUR
Price updated30/11/2016
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)1.58%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price81.14
CurrencyEUR
Price updated30/11/2016
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)1.58%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price86.07
CurrencyUSD
Price updated30/11/2016
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)2.14%
Total expense ratio (TER)-
Bid price99.53
Offer price99.53
Mid price-
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFTQQ
Data provided by

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