Fact sheet: BlackRock GFEurpHghYldBnd

Fund information
Fund name
BlackRock GF European High Yield Bond A2 EUR
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund manager
No data available.
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in fixed income securities which have a relatively low credit rating or are unrated. These may be denominated in various currencies and issued by governments and government agencies of, and companies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled, or the main business of which is in, Europe. These include bonds and money market instruments (i.e. debt securities with short term maturities). The remainder may include investments outside of the asset classes and sector set out above and which are investment grade (i.e. meet a specified level of credit worthiness) at the time of purchase.)
Benchmark
  • Barclays Pan European HY 3% Issuer Constrained 100% EUR
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
4.4%
1 Year rank in sector
13/23
Sector
FO Fixed Int - Europe
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.
1.41%
Fund size
£43m (£42m last year)
Top in this sector
Fund name1 Year
Robeco Eurpn Hi Yld Bds9.5%
Fidelity Inst Eur Hi Yld9.3%
T. Rowe Price EurHiYdBd8.7%
F&C European High Yield Bond8.6%
Babson Capital Epn HiYld Bd8.4%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • Italy14.6%
    UK14.5%
    Money Market12.8%
    France11.7%
    Spain10.6%
  • Industrials59.9%
    Financials19.8%
    Money Market12.8%
    Utilities3.7%
    Asset/Mortgage-Backed Securities3.5%
  • UK Fixed Interest15%
    Italian Fixed Interest14.6%
    Money Market12.8%
    French Fixed Interest11.7%
    Spanish Fixed Interest10.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%4.4%4.5%4.4%--
Sector0.2%2.7%3.7%5.1%13.4%30.6%
Rank within sector19 / 2510 / 259 / 2513 / 23--
Quartile4th2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.9%----
Sector4.6%1.1%5.2%4.2%11.7%
Rank within sector11 / 25----
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high10.31
52 week low9.18
Current bid price-
Current offer price-
Current mid price10.2
Region
1Italy14.61%
2UK14.53%
3Money Market12.76%
4France11.73%
5Spain10.55%
6Germany8.06%
7USA7.79%
8Ireland4.03%
9Netherlands3.92%
Industry sector
1Industrials59.9%
2Financials19.81%
3Money Market12.76%
4Utilities3.71%
5Asset/Mortgage-Backed Securities3.47%
6Government Agency Bonds0.23%
7Local Government Bonds0.12%
Asset type
1UK Fixed Interest14.99%
2Italian Fixed Interest14.61%
3Money Market12.76%
4French Fixed Interest11.73%
5Spanish Fixed Interest10.55%
6German Fixed Interest8.06%
7US Fixed Interest7.79%
8Irish Fixed Interest4.03%
9Dutch Fixed Interest3.92%
Individual holdings
1TELEFONICA EUROPE BV REGS 4.2 12/31/20491.69%
2BANKIA SA 4% MTN 22/05/24 EUR1000001.37%
3UNICREDIT SPA MTN REGS 6.95 10/31/20221.35%
4TELECOM ITALIA SPA 3.25% MTN 16/01/23 EUR10001.25%
5FIAT CHRYSLER FINANCE EUROPE 4.75% MTN 22/03/21 EUR100001.01%
6UNICREDIT SPA 5.75 NTS 28/10/25 EUR10000.99%
7TRIONISTA TOPCO GMBH 6.875% BDS 30/04/21 EUR10000.98%
8BANCO BILBAO VIZCAYA ARGENTARIA SA REGS 8.875 12/31/20490.97%
9FIAT CHRYSLER FINANCE EUROPE 4.75% MTN 15/07/22 EUR1000000.97%
Management
Fund manager group
BlackRock
Fund manager company
BlackRock (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests at least 70% of its total assets in fixed income securities which have a relatively low credit rating or are unrated. These may be denominated in various currencies and issued by governments and government agencies of, and companies and supranationals (e.g. the International Bank for Reconstruction and Development) domiciled, or the main business of which is in, Europe. These include bonds and money market instruments (i.e. debt securities with short term maturities). The remainder may include investments outside of the asset classes and sector set out above and which are investment grade (i.e. meet a specified level of credit worthiness) at the time of purchase.)
Benchmark
  • Barclays Pan European HY 3% Issuer Constrained 100% EUR
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
BlackRock GF European High Yield Bond A2 EUR
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.2
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXAJ
BlackRock GF European High Yield Bond A2 Hedged CHF
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.11
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXAS
BlackRock GF European High Yield Bond A2 Hedged SEK
Initial charge5%
Annual charge1.25%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.48
CurrencySEK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXAR
BlackRock GF European High Yield Bond D2 EUR
Initial charge5%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.27
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXAK
BlackRock GF European High Yield Bond D4 EUR
Initial charge5%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.8
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWZY
BlackRock GF European High Yield Bond D4RF Hedged GBP
Initial charge5%
Annual charge0.65%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.85
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFWZZ
BlackRock GF European High Yield Bond E2
Initial charge3%
Annual charge1.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.15
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFW1T
BlackRock GF European High Yield Bond E5
Initial charge3%
Annual charge1.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.79
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFW1U
BlackRock GF European High Yield Bond X2 EUR
Initial charge-
Annual charge-
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.37
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXAT
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.