Fact sheet: Eastspring Inv US HInv GrBd

Fund information
Fund name
Eastspring Inv US High Investment Grade Bond A USD
Fund manager company
Eastspring Investments (Lux) S
Fund type
Offshore Fund
Fund managers
  • Calvin Walkersince 01/10/2011
Fund objective
This Sub-Fund invests in a diversified portfolio consisting primarily of high quality bonds and other fixed income / debt securities denominated in US dollars, issued in the US market (including “Yankee” and “Global” bonds) rated single A flat and above. The Sub-Fund may continue to hold/invest in securities that are downgraded below the minimum indicated rating after purchase but may not make additional purchases of such securities. Yankee bonds mean debt of foreign issuers issued in the US domestic market. Global bonds mean debt issued simultaneously in the eurobond and US domestic bond markets.
Benchmark
  • BofA Merrill Lynch U.S. Corporates, A2 Rated
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.9%
1 Year rank in sector
15/42
Sector
FO Fixed Int - USD Investment Grade
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.
1.6%
Fund size
£240m (£241m 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.
73
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $11.4%
JPM EmMtInvGrBd10.7%
Nikko AM Asia Credit9.9%
Fidelity Asian Bd8.9%
RBC (Lux) USInvGrdCorpBd8.9%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • USA98.6%
    Money Market1.4%
  • Industrials46.6%
    Financials36.9%
    Asset/Mortgage-Backed Securities7.2%
    Utilities5%
    Government Agency Bonds2.7%
  • US Fixed Interest98.6%
    Money Market1.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%1.3%3.2%5.9%11.9%15.2%
Sector-0.3%1.6%3.8%5.8%12.8%23.7%
Rank within sector42 / 4519 / 4526 / 4315 / 4217 / 4020 / 35
Quartile4th2nd3rd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.3%-0.4%5.7%-3.7%6.1%
Sector6.1%-0.7%6%-1.1%10.1%
Rank within sector13 / 4223 / 4116 / 4032 / 3919 / 35
Quartile2nd3rd2nd4th3rd
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.
-0.13
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.
0.95
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.
0.27
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
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.
1.47
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.
-0.25
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.
0.76
Price movement
52 week high14.58
52 week low13.56
Current bid price14.46
Current offer price14.46
Current mid price-
Region
1USA98.6%
2Money Market1.4%
Industry sector
1Industrials46.6%
2Financials36.9%
3Asset/Mortgage-Backed Securities7.2%
4Utilities5%
5Government Agency Bonds2.7%
6Money Market1.4%
7Government Bonds0.2%
Asset type
1US Fixed Interest98.6%
2Money Market1.4%
Individual holdings
1WALT DISNEY COMPANY 4.125% BDS 01/06/44 USD20001.67%
2APPLE INC 4.65% BDS 23/02/46 USD10001.27%
3JOHNSON & JOHNSON 3.7% BDS 01/03/46 USD20001.24%
4PHILIP MORRIS INTERNATIONAL INC 4.25% BDS 10/11/44 USD20001.22%
5NIKE INC 3.875% BDS 01/11/45 USD10001.18%
6BANK OF NEW YORK MELLON CORP 2.8% BDS 04/05/26 USD10001.16%
7BANQUE FEDERATIVE DU CREDIT MUTUAL 2.5% BDS 13/04/21 USD2000001.15%
8WELLS FARGO & CO 3% BDS 22/04/26 USD10001.15%
9ROCHE HLDG INC BDS 15/05/26 USD2000001.12%
Management
Fund manager group
No data available.
Fund manager company
Eastspring Investments (Lux) S
Fund type
Offshore Fund
Fund objective
This Sub-Fund invests in a diversified portfolio consisting primarily of high quality bonds and other fixed income / debt securities denominated in US dollars, issued in the US market (including “Yankee” and “Global” bonds) rated single A flat and above. The Sub-Fund may continue to hold/invest in securities that are downgraded below the minimum indicated rating after purchase but may not make additional purchases of such securities. Yankee bonds mean debt of foreign issuers issued in the US domestic market. Global bonds mean debt issued simultaneously in the eurobond and US domestic bond markets.
Benchmark
  • BofA Merrill Lynch U.S. Corporates, A2 Rated
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Calvin Walker01/10/2011
Compliance
Reporting Fund Status, SRS, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Republic Of Korea, Luxembourg, Macau, Offshore, Singapore, Taiwan - Province Of China, United Arab Emirates
Eastspring Inv US High Investment Grade Bond A USD
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.63%
Bid price14.456
Offer price14.456
Mid price-
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDLG0
Eastspring Inv US High Investment Grade Bond ADQ USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.59%
Bid price10.383
Offer price10.383
Mid price-
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM4HM
Eastspring Inv US High Investment Grade Bond Adm USD
Initial charge5%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.59%
Bid price11.561
Offer price11.561
Mid price-
CurrencyUSD
Price updated26/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFOG8
Eastspring Inv US High Investment Grade Bond As SGD
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.6%
Total expense ratio (TER)1.61%
Bid price12.96
Offer price12.96
Mid price-
CurrencySGD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEHJ7
Eastspring Inv US High Investment Grade Bond C USD
Initial charge5%
Annual charge0.5%
Min single investment£20,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price19.348
Offer price19.348
Mid price-
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPM1
Eastspring Inv US High Investment Grade Bond D USD
Initial charge5%
Annual charge-
Min single investment£250,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price17.302
Offer price17.302
Mid price-
CurrencyUSD
Price updated26/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPM2
Data provided by

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