Fact sheet: FL Nomura US Hgh Yld Bd Pn

Fund information
Fund name
FL Nomura US High Yield Bond Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund manager
  • Steve Kotsensince 31/03/2009
Underlying fund
Nomura US Hg Yld Bd
Fund objective
Nomura state that the objective of this fund is to achieve current yield and capital gains, through investment in a diversified portfolio of primarily high yielding US Dollar denominated Debt and Debt-Related Securities.
Benchmark
  • The BofA ML US High Yield
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m (£0m last year)
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn23%
OMW IPL 2035 Idx Lkd Gilt Pn20%
Scot Eq AegonIntcEgMtsLclCrDtPn19.7%
FL MyM HBP Blended Bnd Pn19.2%
Zurich L&G PreRtrmnt Infln Lkd18.8%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%0.3%-0.1%---
Sector-0.5%1.3%-2.7%9.2%19.1%21.6%
Rank within sector65 / 14383 / 14131 / 141---
Quartile2nd3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund-0.9%----
Sector0.2%14.1%-0.3%6.1%-3.6%
Rank within sector82 / 141----
Quartile3rd
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.
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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.
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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.
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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%.
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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.
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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.
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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.
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Price movement
52 week high111.5
52 week low100
Current bid price-
Current offer price-
Current mid price106.8
Region
1USA100%
Industry sector
1Others21.62%
2Energy16.32%
3Basic Industries14.9%
4Telecommunications10.41%
5Media9.89%
6Technology6.68%
7Health Care6.36%
8Leisure5.75%
9Banks4.19%
Asset type
1US Fixed Interest100%
Individual holdings
1SPRINT NEXTEL CORP3.31%
2DELL INC1.74%
3SFR GROUP SA (NUMERICABLE)1.53%
4HCA1.39%
5VALEANT PHARMACEUTICALS INTL INC1.28%
6T-MOBILE USA, INC.1.2%
7ALLY FINANCIAL INC1.14%
8FREEPORT-MCMORAN INC1.13%
9FRONTIER COMMUNICATIONS CORP1.08%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Nomura state that the objective of this fund is to achieve current yield and capital gains, through investment in a diversified portfolio of primarily high yielding US Dollar denominated Debt and Debt-Related Securities.
Benchmark
  • The BofA ML US High Yield
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Steve Kotsen31/03/2009Steve Kotsen has 18 years of investment experience and has been at Nomura since 1998.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Nomura US High Yield Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.8
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN2KU
FL Nomura US High Yield Bond Pn Inet
Initial charge-
Annual charge0.89%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price106.21
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN2KV
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.