Fact sheet: Candriam Bonds € HiYield

Fund information
Fund name
Candriam Bonds Euro High Yield C Cap
Fund manager company
Candriam
Fund type
Offshore Fund
Fund managers
  • Philippe NOYARDsince 26/03/1999
  • Bart Goosenssince 10/03/2003
Fund objective
Candriam Bonds Euro High Yield, a UCITS IV fund with daily liquidity, offers investors exposure to the Euro High Yield corporate bonds market, to benefit from attractive yielding debt of companies with a high credit risk. The fund invests predominantly in bonds or in derivative instruments (credit derivatives based on indices or individual names), denominated in EUR, issued by companies with a rating exceeding B-/B3. The fund may use currency, volatility, interest rate or credit derivatives for efficient portfolio management purposes (hedge, exposure).
Benchmark
  • Merrill Lynch Euro High Yield BB/B ex-FNCL
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.1%
1 Year rank in sector
16/29
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.
1.28%
Fund size
£2,324m (£1,011m 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.
67
Top in this sector
Fund name1 Year
Aberdeen Gbl SelEurHiYdBd25.9%
Pioneer SICV-Eur Hi Yd23.5%
Deutsche Inv I EurHiYdCorp8.7%
Nordea 1 Europ HgYdBd II7.9%
JI High Yield Corporate Bonds CL7.5%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • Europe100%
  • Consumer Discretionary33.5%
    Telecommunications Utilities21%
    Materials19.2%
    Consumer Staples5.3%
    Industrials5.2%
  • European Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.1%1.1%5.1%17%57.1%
Sector-0.2%-0.6%2.9%5.4%11.6%47.2%
Rank within sector27 / 2825 / 2926 / 2916 / 294 / 253 / 20
Quartile4th4th4th3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund5.7%3.7%5.9%9.5%22.9%
Sector6.5%0.8%3.2%8.3%22.4%
Rank within sector20 / 291 / 292 / 255 / 249 / 21
Quartile3rd1st1st1st2nd
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.
2.01
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.
0.9
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.
0.47
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%.
3.93
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.
1.1
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.
1.51
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 high1067.28
52 week low966.39
Current bid price-
Current offer price-
Current mid price1055.13
Region
1Europe100%
Industry sector
1Consumer Discretionary33.47%
2Telecommunications Utilities20.95%
3Materials19.17%
4Consumer Staples5.29%
5Industrials5.18%
6Information Technology3.41%
7Health Care3.39%
8Utilities3.12%
9Real Estate2.43%
Asset type
1European Fixed Interest100%
Individual holdings
1BALL CORP 4.375% BDS 15/12/23 EUR10001.55%
2ADIENT GLOBAL HOLDINGS LTD 3.5% BDS 15/08/24 EUR1000001.51%
3TELEFONICA 6.5 % PERP FTF1.45%
4TELEFONICA EUROPE BV 4.2% UNDATED 5Y NON CL SUB BDS EUR1000001.43%
5ELIS 3% BDS 30/04/22 EUR1000001.35%
Management
Fund manager group
Dexia Asset Management
Fund manager company
Candriam
Fund type
Offshore Fund
Fund objective
Candriam Bonds Euro High Yield, a UCITS IV fund with daily liquidity, offers investors exposure to the Euro High Yield corporate bonds market, to benefit from attractive yielding debt of companies with a high credit risk. The fund invests predominantly in bonds or in derivative instruments (credit derivatives based on indices or individual names), denominated in EUR, issued by companies with a rating exceeding B-/B3. The fund may use currency, volatility, interest rate or credit derivatives for efficient portfolio management purposes (hedge, exposure).
Benchmark
  • Merrill Lynch Euro High Yield BB/B ex-FNCL
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Philippe NOYARD26/03/1999Philippe Noyard? has been head of high yield & credit arbitrage management at Candriam since 2009. He is also a member of our Credit Risk Committee. In 1987 he joined Neuflize Schlumberger Mallet in France as a portfolio manager and two years later moved to Candriam, also as a portfolio manager. He was appointed head of high yield management in 1999, and head of high yield & credit arbitrage management and a member of our Credit Risk Committee in 2009. He has master’s degrees in economics and finance and in finance & wealth management from the University of Economy in Clermont-Ferrand in France.
Bart Goosens10/03/2003Bart Goosens has been Candriam’s Global head of quantitative equity management since 2001. He began his career in 1994 in Merrill Lynch’s private banking department, moving to JP Morgan in 1995 where he held a number of positions. In 1997 he joined Candriam as an equity fund manager/financial analyst. While managing several international equity funds, he developed a series of quantitative equity models. In 2001, he then formed the quantitative equity management team that he still heads today. Bart Goosens received his Master of Applied Economics from the University of Antwerp.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Offshore, Portugal, Sweden
Candriam Bonds Euro High Yield C Cap
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1055.13
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBI95
Candriam Bonds Euro High Yield C Dis
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price185.89
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBI96
Candriam Bonds Euro High Yield C Hedged
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.26%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price161.2
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXOD
Candriam Bonds Euro High Yield CQ Dis
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price156.76
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE6AE
Candriam Bonds Euro High Yield I Cap
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1122.24
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeD367
Candriam Bonds Euro High Yield I Cap GBP
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1734.28
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE7KQ
Candriam Bonds Euro High Yield I Dis
Initial charge-
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1579.71
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE1JV
Candriam Bonds Euro High Yield L
Initial charge2.5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1046.27
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNFA3
Candriam Bonds Euro High Yield N Cap
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price972.91
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeD372
Candriam Bonds Euro High Yield R Cap
Initial charge2.5%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price117.78
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFH8S
Candriam Bonds Euro High Yield R Cap GBP
Initial charge2.5%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price174.28
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE7JR
Candriam Bonds Euro High Yield S Cap EUR
Initial charge-
Annual charge0.35%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1501.52
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC08E
Candriam Bonds Euro High Yield S Dis
Initial charge-
Annual charge0.35%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1542.69
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFLGF
Candriam Bonds Euro High Yield V Cap EUR
Initial charge-
Annual charge0.3%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1717
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFIVB
Candriam Bonds Euro High Yield Z
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price194.07
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC0B1
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