Fact sheet: Eastspring Inv USHYBd

Fund information
Fund name
Eastspring Inv US High Yield Bond A USD
Fund manager company
Eastspring Investments (Lux) S
Fund type
Offshore Fund
Fund managers
  • Curt Burnssince 15/07/2002
Fund objective
This Sub-Fund invests in a diversified portfolio consisting primarily of high yield bonds and other fixed income / debt securities denominated in US dollars, issued in the US market (including “Yankee” and “Global” bonds) rated below BBB-. Up to 20% of the assets of this Sub-Fund may be invested in investment grade securities (i.e. BBB- and above). 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 US High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.5%
1 Year rank in sector
27/46
Sector
FO Fixed Int - USD 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.
1.59%
Fund size
£1,785m (£2,275m 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.
79
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd29.5%
Old Mutual MtyInc HiYdBd28%
Allianz US Hi Yd25.6%
UBS LBdSICVAsnHiYld$14.2%
GS AsHiYiBoPo13%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%5.9%11.5%8.5%4.5%28.8%
Sector0.2%4.3%8.2%8.6%10.6%36.6%
Rank within sector14 / 469 / 466 / 4627 / 4628 / 3319 / 22
Quartile2nd1st1st3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund13.7%-9.2%-2.2%5.5%15.2%
Sector10.2%-3.1%0.7%6.2%14.1%
Rank within sector4 / 4640 / 4132 / 3320 / 328 / 24
Quartile1st4th4th3rd2nd
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.
-3.46
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.
1.46
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
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%.
7.61
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.
2.77
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.
-0.68
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 high15.41
52 week low12.66
Current bid price15.4
Current offer price15.4
Current mid price-
Region
1USA92%
2Money Market8%
Industry sector
1Industrials81.9%
2Money Market8%
3Financials7%
4Utilities3.1%
Asset type
1US Fixed Interest92%
2Money Market8%
Individual holdings
1FMG RESOURCES (AUGUST 2006) PTY LTD 6.875% BDS 01/04/22 USD1000 144A1.22%
2SPRINT CAPITAL CORP 6.9% GTD BDS 1/5/2019 USD10001.09%
3SABINE PASS LIQUEFACTION LLC 5.625% BDS 01/03/25 USD20000.82%
4NUSTAR LOGISTICS L P FRN 15/01/43 USD10.81%
5TENET HEALTHCARE CORP 8.125% BDS 01/04/22 USD20000.77%
6TRANSOCEAN INC(NEW) 9% BDS 15/07/23 USD2000 144A0.75%
7HCA INC 5.375% BDS 01/02/25 USD20000.72%
8WIDEOPENWEST FINANCE LLC 13.375% BDS 15/10/19 USD20000.71%
9CIT GROUP INC 3.875% BDS 19/02/19 USD20000.68%
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 yield bonds and other fixed income / debt securities denominated in US dollars, issued in the US market (including “Yankee” and “Global” bonds) rated below BBB-. Up to 20% of the assets of this Sub-Fund may be invested in investment grade securities (i.e. BBB- and above). 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 US High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Curt Burns15/07/2002Curt Burns is responsible for managing various high yield assets across mandates managed on behalf of PPM America Inc.’s (“PPMA”) Asian affiliates. Curt joined PPMA in 2003 and has over 23 years of investment experience. Prior to joining PPMA, Curt was a senior credit analyst for Metropolitan West Asset Management. Curt was also a corporate bond portfolio manager at Merrill Lynch Asset Management and SunAmerica for five years prior to joining Metropolitan West. Additionally, Curt spent seven years performing credit analysis for such companies as Providian Corporation and Chemical Bank before taking on portfolio management responsibilities. Curt earned a BA with highest honors in biology from the University of North Carolina at Chapel Hill and an MBA from Emory University’s Goizueta Business School. He is also a chartered financial analyst.
Compliance
Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Hong Kong, Ireland, Republic Of Korea, Luxembourg, Macau, Offshore, Singapore, Taiwan - Province Of China, United Arab Emirates
Eastspring Inv US High Yield Bond A USD
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.58%
Bid price15.401
Offer price15.401
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDLG2
Eastspring Inv US High Yield Bond Aadm Hedged AUD
Initial charge3%
Annual charge1.25%
Min single investment£2,000
Min regular saving£200
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.55%
Bid price8.841
Offer price8.841
Mid price-
CurrencyAUD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG5AQ
Eastspring Inv US High Yield Bond Aadmc1 Hedged AUD
Initial charge5%
Annual charge-
Min single investment£2,000
Min regular saving£200
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.55%
Bid price8.263
Offer price8.263
Mid price-
CurrencyAUD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK6GF
Eastspring Inv US High Yield Bond Adm USD
Initial charge3%
Annual charge1.25%
Min single investment£500
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.58%
Bid price10.456
Offer price10.456
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFOG9
Eastspring Inv US High Yield Bond Admc1 USD
Initial charge5%
Annual charge-
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.58%
Bid price8.316
Offer price8.316
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK6GG
Eastspring Inv US High Yield Bond Aedm Hedged EUR
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.53%
Bid price7.946
Offer price7.946
Mid price-
CurrencyEUR
Price updated17/06/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI31X
Eastspring Inv US High Yield Bond Afdm Hedged CHF
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.54%
Bid price8.075
Offer price8.075
Mid price-
CurrencyCHF
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI31Y
Eastspring Inv US High Yield Bond Andm Hedged NZD
Initial charge5%
Annual charge-
Min single investment£2,000
Min regular saving£200
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.55%
Bid price8.93
Offer price8.93
Mid price-
CurrencyNZD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJZVB
Eastspring Inv US High Yield Bond Andmc1 Hedged NZD
Initial charge5%
Annual charge-
Min single investment£2,000
Min regular saving£200
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.55%
Bid price8.464
Offer price8.464
Mid price-
CurrencyNZD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK6GH
Eastspring Inv US High Yield Bond Ardmc1 Hedged CNY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.55%
Bid price8.924
Offer price8.924
Mid price-
CurrencyCNY
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKVVV
Eastspring Inv US High Yield Bond As SGD
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.58%
Bid price13.376
Offer price13.376
Mid price-
CurrencySGD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDPM5
Eastspring Inv US High Yield Bond Azdm Hedged ZAR
Initial charge5%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.55%
Bid price8.392
Offer price8.392
Mid price-
CurrencyZAR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ8AO
Eastspring Inv US High Yield Bond Azdmc1 Hedged ZAR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)1.55%
Bid price8.401
Offer price8.401
Mid price-
CurrencyZAR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK6GI
Eastspring Inv US High Yield Bond B USD
Initial charge-
Annual charge0.75%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.78%
Bid price11.287
Offer price11.287
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGUSW
Eastspring Inv US High Yield Bond C USD
Initial charge-
Annual charge0.63%
Min single investment£20,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.67%
Bid price23.471
Offer price23.471
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPM3
Eastspring Inv US High Yield Bond D USD
Initial charge5%
Annual charge-
Min single investment£250,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)0.05%
Bid price18.317
Offer price18.317
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDPM4
Eastspring Inv US High Yield Bond E USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price10.723
Offer price10.723
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN9TI
Eastspring Inv US High Yield Bond R USD
Initial charge5%
Annual charge0.63%
Min single investment£500
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.95%
Bid price10.925
Offer price10.925
Mid price-
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI31Z
Eastspring Inv US High Yield Bond Rdm USD
Initial charge5%
Annual charge0.63%
Min single investment£500
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.95%
Bid price8.252
Offer price8.252
Mid price-
CurrencyUSD
Price updated17/06/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI32A
Eastspring Inv US High Yield Bond Re Hedged EUR
Initial charge5%
Annual charge0.63%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.96%
Total expense ratio (TER)0.92%
Bid price10.11
Offer price10.11
Mid price-
CurrencyEUR
Price updated17/06/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI32B
Data provided by

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