Fact sheet: Deutsche InvtIIChnHghIncBd

Fund information
Fund name
Deutsche Invest II China High Income Bonds FC USD
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund manager
  • Thomas Kwansince 15/02/2013
Fund objective
Deutsche Invest II China High Income Bonds offers investors the opportunity to participate in the performance of the Chinese Renminbi. In keeping with this orientation, the Fund´s currency positions are nearly all in Renminbi. Bond investments are made in issuers in Renminbi (or hedged in RMB). The focus is on bonds with a lower credit rating to profit from higher yields.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
4.3%
1 Year rank in sector
1/1
Sector
FO Fixed Int - Other Single 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.
0.76%
Fund size
£61m (£80m 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.
74
Top in this sector
Fund name1 Year
Income Partners RMBHiYldBd9.7%
Nordea 1 RnmbHghYldBnd7.8%
Deutsche InvtIIChnHghIncBd4.3%
...more in FO Fixed Int - Other Single High Yield

Performance snapshot

Holdings snapshot

  • China65.1%
    Indonesia9.2%
    Hong Kong5.9%
    India5.4%
    Money Market4.3%
  • B47.5%
    BBB25.1%
    BB17.1%
    A7.7%
    AA2.6%
  • Chinese Fixed Interest65.1%
    Indonesian Fixed Interest9.2%
    Hong Kong Fixed Interest5.9%
    Indian Fixed Interest5.4%
    Money Market4.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-3.8%-1.3%4.3%16.9%-
Sector-1.2%-1.3%1.6%5.2%9.5%-
Rank within sector1 / 11 / 11 / 11 / 11 / 1-
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund5.3%4.7%5.6%--
Sector5.4%2.8%0.3%7.1%-
Rank within sector1 / 11 / 11 / 1--
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.
1.7
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.
1.29
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.
0.31
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%.
6.83
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.
5.34
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.
0.46
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.
0.41
Price movement
52 week high132.97
52 week low119.19
Current bid price127.31
Current offer price127.31
Current mid price-
Region
1China65.1%
2Indonesia9.2%
3Hong Kong5.9%
4India5.4%
5Money Market4.3%
6Australia3.8%
7Others1.4%
8Switzerland1.3%
9Singapore1%
Industry sector
1B47.5%
2BBB25.1%
3BB17.1%
4A7.7%
5AA2.6%
Asset type
1Chinese Fixed Interest65.1%
2Indonesian Fixed Interest9.2%
3Hong Kong Fixed Interest5.9%
4Indian Fixed Interest5.4%
5Money Market4.3%
6Australian Fixed Interest3.8%
7Global Fixed Interest1.4%
8Swiss Fixed Interest1.3%
9Singapore Fixed Interest1%
Individual holdings
1DB X-TRACKERS II2.4%
2CIFI HLDGS GROUP CO LTD 7.75% BDS 05/06/20 USD200000 REG S2.3%
3TIMES PROPERTY HLDGS LTD 11.45% BDS 05/03/20 USD2000002.1%
4YUZHOU PROPERTIES CO 9% BDS 08/12/19 USD2000002.1%
521VIANET GROUP INC 6.875% BDS 26/06/17 CNY10000002%
6CHINA SCE PROPERTY HLDGS LTD 10% BDS 02/07/20 USD2000002%
7DAWN VICTOR LTD 5.5% NTS 05/06/18 USD2000002%
8VIRGIN AUSTRALIA HLDGS LTD 7.875% BDS 15/10/21 USD10002%
9GREENLAND HONG KONG HLDGS LTD 5.5% BDS 23/01/18 CNY10000001.9%
Management
Fund manager group
DWS Investment
Fund manager company
Deutsche Asset Management SA
Fund type
Offshore Fund
Fund objective
Deutsche Invest II China High Income Bonds offers investors the opportunity to participate in the performance of the Chinese Renminbi. In keeping with this orientation, the Fund´s currency positions are nearly all in Renminbi. Bond investments are made in issuers in Renminbi (or hedged in RMB). The focus is on bonds with a lower credit rating to profit from higher yields.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Thomas Kwan15/02/2013Mr. Kwan leads the investment management and research platform in HGI, including Fixed Income, Greater China Equity, Asian Equity, ETFs and asset allocation. Mr. Kwan has over 16 years’ investment management experience and prior to HGI, Mr. Kwan worked at Baring Asset Management in Hong Kong as Head of Asian Debt, Credit Suisse Asset Management in Singapore and Beijing as Director of Asian Fixed Income and Currency, Prudential Asset Management in Singapore as Investment Director and First State Investments in Hong Kong as Portfolio Manager. Mr. Kwan has an M.A. in Economics and B.Comm in Finance from the University of Toronto and is a CFA charter holder.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Spain, Finland, United Kingdom, Italy, Luxembourg, Norway, Offshore, Portugal, Singapore, Sweden
Deutsche Invest II China High Income Bonds FC USD
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.74%
Bid price127.31
Offer price127.31
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF51S
Deutsche Invest II China High Income Bonds FCH
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.78%
Bid price124.7
Offer price124.7
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF51T
Deutsche Invest II China High Income Bonds FCH (P) USD
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.1%
Bid price106.63
Offer price106.63
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE1UN
Deutsche Invest II China High Income Bonds FDQ USD
Initial charge-
Annual charge0.6%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.74%
Total expense ratio (TER)0.72%
Bid price103.41
Offer price103.41
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF51R
Deutsche Invest II China High Income Bonds LC USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.33%
Bid price124.54
Offer price128.4
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF51Q
Deutsche Invest II China High Income Bonds LCH
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price122.01
Offer price125.79
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF51U
Deutsche Invest II China High Income Bonds LDH
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.34%
Total expense ratio (TER)1.34%
Bid price104.79
Offer price108.04
Mid price-
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF51V
Deutsche Invest II China High Income Bonds LDH (P) USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.17%
Bid price105.39
Offer price108.65
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE22J
Deutsche Invest II China High Income Bonds LDM CNH
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.53%
Bid price105.47
Offer price108.73
Mid price-
CurrencyCNH
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFWKD
Deutsche Invest II China High Income Bonds LDM USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.5%
Bid price97.31
Offer price100.32
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFWKE
Deutsche Invest II China High Income Bonds LDMH (P) USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.23%
Bid price100.31
Offer price103.41
Mid price-
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE1UO
Deutsche Invest II China High Income Bonds LDMH AUD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.51%
Bid price97.11
Offer price100.11
Mid price-
CurrencyAUD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFWKA
Deutsche Invest II China High Income Bonds LDMH HKD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.51%
Bid price96.93
Offer price99.92
Mid price-
CurrencyHKD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFWKB
Deutsche Invest II China High Income Bonds LDMH SGD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.51%
Bid price100.17
Offer price103.27
Mid price-
CurrencySGD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFWKC
Data provided by

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