Fact sheet: Deutsche Inv I EurHiYdCorp

Fund information
Fund name
Deutsche Invest I Euro High Yield Corporates LD
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund manager
  • Per Wehrmannsince 29/07/2012
Fund objective
Bond fund with a focus on high-yield corporate bonds. The Fund concentrates on Euro issues. Currency risks against the Euro are largely hedged.
Benchmark
  • ML Euro BB-B Non-Financial Fixed & FRN HY Constr
Investment style
Active,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
7.9%
1 Year rank in sector
2/29
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.
1.23%
Fund size
£1,361m (£570m 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.
68
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

  • International17.3%
    France15.2%
    USA13.7%
    Germany11.5%
    UK8.6%
  • Corporate Bonds80.8%
    Securities13.6%
    Money Market5.3%
    Financials0.1%
  • Global Fixed Interest18.1%
    French Fixed Interest15.2%
    US Fixed Interest13.7%
    German Fixed Interest11.5%
    UK Fixed Interest8.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-0.5%4.1%7.9%18.6%-
Sector-0.9%-0.7%3.1%4.7%11.3%49.1%
Rank within sector11 / 2811 / 293 / 292 / 293 / 25-
Quartile2nd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.6%3.4%3.9%8.4%-
Sector6.1%0.8%3.2%8.3%22.4%
Rank within sector2 / 293 / 2912 / 2512 / 24-
Quartile1st1st2nd2nd
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.
1.49
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.
1.16
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.
0.59
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%.
4.86
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.
1.13
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.
1.88
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.
0.96
Price movement
52 week high118.53
52 week low107.27
Current bid price117.28
Current offer price120.91
Current mid price-
Region
1International17.3%
2France15.2%
3USA13.7%
4Germany11.5%
5UK8.6%
6Italy6.6%
7Spain6.5%
8Money Market5.3%
9Netherlands4.8%
Industry sector
1Corporate Bonds80.8%
2Securities13.6%
3Money Market5.3%
4Financials0.1%
Asset type
1Global Fixed Interest18.1%
2French Fixed Interest15.2%
3US Fixed Interest13.7%
4German Fixed Interest11.5%
5UK Fixed Interest8.6%
6Italian Fixed Interest6.6%
7Spanish Fixed Interest6.5%
8Money Market5.3%
9Dutch Fixed Interest4.8%
Individual holdings
1ANGLO AMERICAN CAPITAL 5.875% GTD NTS 17/04/15 EUR500002.6%
2MATTERHORN TELECOM SA2.1%
3TELECOM ITALIA SPA(NEW) 7.875% MTN 22/01/14 EUR10002.1%
4TELEFONICA EUROPE2.1%
5UNITYMEDIA NRW GMBH / UNITYMEDIA HESSEN GMBH & CO.1.8%
6SOLVAY FINANCE1.7%
7FIAT CHRYSLER FINANCE EUROPE1.5%
8PETROBRAS GLOBAL FINANCE BV1.5%
9SCHAEFFLER FINANCE B.V.1.5%
Management
Fund manager group
DWS Investment
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund objective
Bond fund with a focus on high-yield corporate bonds. The Fund concentrates on Euro issues. Currency risks against the Euro are largely hedged.
Benchmark
  • ML Euro BB-B Non-Financial Fixed & FRN HY Constr
Investment style
Active,High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Per Wehrmann29/07/2012Born in 1976 in the German town of Bad Pyrmont, Per Wehrmann holds a "Diplom-Kaufmann" which is the German MBA equivalent. Prior to joining Deutsche AM in September 2001 as portfolio manager, he worked for over a year at Citigroup in fixed income sales. Value is his investment style and cash is an element of his strategy. Per is a CFA charterholder and in his spare time he enjoys golf and skiing.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
Deutsche Invest I Euro High Yield Corporates FC
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price143.31
Offer price143.31
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF1MN
Deutsche Invest I Euro High Yield Corporates FCH CHF
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price103.96
Offer price103.96
Mid price-
CurrencyCHF
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9WC
Deutsche Invest I Euro High Yield Corporates FCH SEK
Initial charge-
Annual charge0.65%
Min single investment£4,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.08%
Bid price1080.86
Offer price1080.86
Mid price-
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2BV
Deutsche Invest I Euro High Yield Corporates FCH USD
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)0.82%
Bid price116.25
Offer price116.25
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFLNW
Deutsche Invest I Euro High Yield Corporates FD
Initial charge-
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.78%
Bid price108.84
Offer price108.84
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF7SF
Deutsche Invest I Euro High Yield Corporates LC
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.22%
Bid price140.53
Offer price144.88
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF1MO
Deutsche Invest I Euro High Yield Corporates LCH SEK
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.12%
Bid price1075.53
Offer price1108.79
Mid price-
CurrencySEK
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE2BW
Deutsche Invest I Euro High Yield Corporates LCH USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.59%
Total expense ratio (TER)1.26%
Bid price115.01
Offer price118.56
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFLNX
Deutsche Invest I Euro High Yield Corporates LD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.22%
Bid price117.28
Offer price120.91
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDX40
Deutsche Invest I Euro High Yield Corporates LDMH USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.07%
Bid price104.32
Offer price107.54
Mid price-
CurrencyUSD
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFRPH
Deutsche Invest I Euro High Yield Corporates NC
Initial charge1.5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.62%
Bid price128.09
Offer price130.04
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3YY
Deutsche Invest I Euro High Yield Corporates ND
Initial charge1.5%
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.63%
Bid price105.78
Offer price107.39
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFGFP
Deutsche Invest I Euro High Yield Corporates PFC
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.9%
Bid price111.82
Offer price111.82
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK4N
Deutsche Invest I Euro High Yield Corporates PFDQ
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.22%
Total expense ratio (TER)1.96%
Bid price103
Offer price103
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFK4O
Deutsche Invest I Euro High Yield Corporates RC
Initial charge-
Annual charge0.35%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price99.4
Offer price99.4
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1RZ
Deutsche Invest I Euro High Yield Corporates RD
Initial charge-
Annual charge0.35%
Min single investment£50,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price102.44
Offer price102.44
Mid price-
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEAOL
Data provided by

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