Fact sheet: City Financial HighYldOpps

Fund information
Fund name
City Financial High Yield Opportunities I Inc GBP
Fund manager company
City Financial Inv Company Ltd
Fund type
OEIC
Fund managers
  • Sebastian Ashtonsince 05/12/2013
Fund objective
The investment objective of the Fund is to generate a high annual yield with the potential for capital appreciation over the medium to long term. The Fund will seek to achieve its investment objective primarily by investing in non-investment grade performing, stressed and distressed European securities in the primary and secondary market.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.6%
1 Year rank in sector
10/13
Sector
UT Europe Including UK
Yield
8.3%
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.
0.74%
Fund size
£30m (£39m 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.
37
Mid price
79.42
Top in this sector
Fund name1 Year
M&G Eurpn Strat Value19.9%
M&G Pan European Select15%
Fidelity Pan European14.5%
GAM European Gth & Val13.7%
Blackrock Inst Eq Cont Eur13.5%
...more in UT Europe Including UK

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%1.5%5.3%8.6%-2.6%-
Sector-0.3%-0.4%7.1%9.9%18.3%64.1%
Rank within sector8 / 155 / 1510 / 1410 / 1312 / 12-
Quartile3rd2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund10.2%2.7%-13.9%--
Sector8.6%7.7%-2.3%25.5%15.3%
Rank within sector6 / 1313 / 1312 / 12--
Quartile2nd4th4th
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 high80.08
52 week low74
Current bid price-
Current offer price-
Current mid price79.42
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
City Financial Inv Company
Fund manager company
City Financial Inv Company Ltd
Fund type
OEIC
Fund objective
The investment objective of the Fund is to generate a high annual yield with the potential for capital appreciation over the medium to long term. The Fund will seek to achieve its investment objective primarily by investing in non-investment grade performing, stressed and distressed European securities in the primary and secondary market.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Sebastian Ashton05/12/2013Sebastian Ashton has 14 years of global financial markets experience with the focus being investment management of high yield, leveraged loans and European special situations funds.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
City Financial High Yield Opportunities I Inc GBP
Initial charge5%
Annual charge0.55%
Min single investment£30,000,000
Min regular saving£30,000,000
Available in ISAYes
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price79.42
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBMYM
City Financial High Yield Opportunities IA Inc GBP
Initial charge5%
Annual charge0.55%
Min single investment£30,000,000
Min regular saving£30,000,000
Available in ISAYes
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price79.43
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBMYN
Data provided by

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