Fact sheet: First State Hi Quality Bd

Fund information
Fund name
First State High Quality Bond I Dis USD
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund managers
  • Jamie Grantsince 31/07/2016
Fund objective
The Fund aims to achieve growth on your investment. The Fund mainly invests in fixed income securities (investments which provide a certain level of income or interest) issued primarily by the United States government and/or by companies based in the United States included in the Barclays Capital U.S. Government/Credit Bond Index. The Fund can invest up to 10 per cent of its assets in securities of companies based in any one country outside the United States, the European Union, Switzerland, Australia, Canada, New Zealand, Japan or Norway. No more than 30 per cent of the Fund's total assets will be invested outside these countries. At least 70 per cent of the Fund will be in/or exposed to US Dollars. The Fund may invest in investment grade (seen as being higher quality) fixed income securities. The Fund may also invest up to 20 per cent of its assets in fixed income securities with low or no credit rating.
Benchmark
  • Barclays Capital U.S. Government / Credit Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.8%
1 Year rank in sector
41/48
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.
1.11%
Fund size
£81m (£84m 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.
77
Top in this sector
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...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • North America52.1%
    Not Specified16.7%
    Asia16.4%
    Australasia7.3%
    Middle East2.9%
  • Corporate Bonds49.7%
    Government Bonds35.2%
    Government Guaranteed14.7%
    Money Market0.4%
  • US Government Fixed Interest49.9%
    US Corporate Fixed Interest49.7%
    Money Market0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%-4.2%-2.5%0.8%5.1%7.3%
Sector-2%-2.9%-0.6%2.9%9.3%19.4%
Rank within sector46 / 5447 / 5246 / 5241 / 4837 / 4531 / 40
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund1.2%-1.2%5.1%-2.7%4.5%
Sector3.6%-0.7%6%-1.1%10.1%
Rank within sector39 / 4834 / 4732 / 4527 / 4429 / 40
Quartile4th3rd3rd3rd3rd
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.
-0.87
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.
0.85
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%.
2.98
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.
1.6
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.
-0.82
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.
0.73
Price movement
52 week high14.45
52 week low13.6
Current bid price-
Current offer price-
Current mid price13.69
Region
1North America52.1%
2Not Specified16.7%
3Asia16.4%
4Australasia7.3%
5Middle East2.9%
6Latin America2.5%
7International1.7%
8Money Market0.4%
Industry sector
1Corporate Bonds49.7%
2Government Bonds35.2%
3Government Guaranteed14.7%
4Money Market0.4%
Asset type
1US Government Fixed Interest49.9%
2US Corporate Fixed Interest49.7%
3Money Market0.4%
Individual holdings
No data available.
Management
Fund manager group
First State Investments
Fund manager company
First State Investments (Hong
Fund type
No data available.
Fund objective
The Fund aims to achieve growth on your investment. The Fund mainly invests in fixed income securities (investments which provide a certain level of income or interest) issued primarily by the United States government and/or by companies based in the United States included in the Barclays Capital U.S. Government/Credit Bond Index. The Fund can invest up to 10 per cent of its assets in securities of companies based in any one country outside the United States, the European Union, Switzerland, Australia, Canada, New Zealand, Japan or Norway. No more than 30 per cent of the Fund's total assets will be invested outside these countries. At least 70 per cent of the Fund will be in/or exposed to US Dollars. The Fund may invest in investment grade (seen as being higher quality) fixed income securities. The Fund may also invest up to 20 per cent of its assets in fixed income securities with low or no credit rating.
Benchmark
  • Barclays Capital U.S. Government / Credit Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jamie Grant31/07/2016Jamie Grant is the Head of Asian Fixed Income for First State Investments (‘FSI’). In his role, Jamie is responsible for the development of the team’s Asian fixed income capabilities. He has more than 15 years’ industry experience specialising in corporate credit. Additionally, he has experience in funds management and credit analysis across Europe, the USA, Latin America and Asia and has managed investment teams in the UK, Asia, Latin America and Australia. Prior to joining FSI in November 2013, he was Global Head of Fixed Income at QBE Insurance. In this role he was responsible for the QBE Group’s fixed income business across Asia Pacific, Europe, UK, USA and Latin America. Prior to this, he spent eight years working for AXA Investment Managers, comprising six years in London as a Senior Investment Manager and two years in Singapore as the Head of Fixed Income Asia. Jamie has a Bachelor of International Business Relations from Griffith University, Brisbane.
Compliance
UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Ireland, Offshore
First State High Quality Bond I Dis USD
Initial charge5%
Annual charge1%
Min single investment£1,500
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.69
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCM55
First State High Quality Bond III Acc USD
Initial charge7%
Annual charge0.3%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price22.09
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCM53
Data provided by

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