Fact sheet: F&C European High Yield Bond

Fund information
Fund name
F&C European High Yield Bond A EUR
Fund manager company
F&C Lux (BMO Global Asset Mana
Fund type
Offshore Fund
Fund managers
  • Chris Brilssince 01/03/2011
Fund objective
The objective is to achieve a long term increase in the value of your investment. The Fund seeks to achieve this by investing in non-investment grade, BB or lower, debt securities which are denominated in a European Currency or which are issued or guaranteed by companies which are registered in a European country.
Benchmark
  • ML Euro currency HY, BB-B Constrained Index ex Subordinated Financials
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.5%
1 Year rank in sector
8/25
Sector
FO Fixed Int - Europe
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.
1.3%
Fund size
£10m (£9m 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.
67
Top in this sector
Fund name1 Year
Robeco Eurpn Hi Yld Bds8.2%
T. Rowe Price EurHiYdBd7.7%
Fidelity Inst Eur Hi Yld7.4%
Henderson HzEurHighYldBd6.7%
Morg Stnly Erpn Cur HiYd Bd6.7%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • Europe98.3%
    Money Market1.7%
  • Others27.2%
    Cyclical Consumer Goods15.6%
    Cyclical Services12%
    Capital Goods11.9%
    Basic Industries11.1%
  • European Fixed Interest97.8%
    Money Market2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-1.1%2.1%5.5%15.3%50.3%
Sector-0.4%-0.6%2%3.3%11%30.2%
Rank within sector19 / 2520 / 2614 / 258 / 257 / 186 / 15
Quartile4th4th3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.5%2.5%4.8%8.3%20.8%
Sector4%1.1%5.2%4.2%11.7%
Rank within sector9 / 257 / 208 / 188 / 176 / 15
Quartile2nd2nd2nd2nd2nd
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.
-0.32
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.
1.51
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.
0.29
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%.
4.63
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.
2.56
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.
0.53
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.
0.78
Price movement
52 week high13.33
52 week low11.88
Current bid price-
Current offer price-
Current mid price13.16
Region
1Europe98.3%
2Money Market1.7%
Industry sector
1Others27.2%
2Cyclical Consumer Goods15.6%
3Cyclical Services12%
4Capital Goods11.9%
5Basic Industries11.1%
6Non-Cyclical Consumer Goods6.1%
7Utilities5%
8Telecommunications3%
9Insurance2.7%
Asset type
1European Fixed Interest97.8%
2Money Market2.2%
Individual holdings
1CORSAIR JERSEY LTD 314 5.697% 24 MAR 20172.9%
2FIAT CHRYSLER FINANCE EUROPE 4.75% MTN 15/07/22 EUR1000002.7%
3UNITYMEDIA HESSEN / NRW 6.25% BDS 15/01/29 EUR10002.7%
4AALLN 3.25 '23 EUR2%
5CEMEX FINANCE LLC 4.625% BDS 15/06/24 USD10002%
6CROWN EURO HLDGS SA 3.375% BDS 15/05/25 EUR1000002%
7HEIDELBERGCEMENT AG 2.25% BDS 30/03/23 EUR10002%
8WIND ACQUISITION FINANCE SA 4% BDS 15/07/20 EUR100000144A2%
9SCHAEFFLER VERWALTUNG ZW 3.75% BDS 15/09/26 EUR1000001.9%
Management
Fund manager group
F&C
Fund manager company
F&C Lux (BMO Global Asset Mana
Fund type
Offshore Fund
Fund objective
The objective is to achieve a long term increase in the value of your investment. The Fund seeks to achieve this by investing in non-investment grade, BB or lower, debt securities which are denominated in a European Currency or which are issued or guaranteed by companies which are registered in a European country.
Benchmark
  • ML Euro currency HY, BB-B Constrained Index ex Subordinated Financials
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Chris Brils01/03/2011Chris Brils joined the firm in January 2011 and is Head of High Yield. Prior to this, he was Head of High Yield at Pall Mall Investment Management, managing its flagship High Yield Europe Plus Fund that achieved a ‘AA’ rating from S&P and 5 stars from Morningstar among other funds. Prior to this he worked as the European Head of High Yield at ABN AMRO Asset Management. Chris is a CFA charterholder and has a Master’s degree in General Management from The Netherlands Business School, Nyenrode University and a Master’s degree in Forestry Science from Wageningen Agricultural University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Portugal, Sweden
F&C European High Yield Bond A EUR
Initial charge5%
Annual charge1%
Min single investment£2,500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price13.16
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO05
F&C European High Yield Bond I EUR
Initial charge5%
Annual charge0.4%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.99
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeEAKP
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.