Fact sheet: Investec InvGd CopBd

Fund information
Fund name
Investec Investment Grade Corporate Bond I Gr Acc USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • Garland Hansmannsince 31/03/2015
  • Jeff Boswellsince 31/03/2015
Fund objective
The Fund aims to generate a high level of income, with the opportunity for capital gain, from a diversified portfolio of fixed and floating rate securities, normally denominated in U.S. Dollars and issued by governments, institutions and corporations in both developing and developed countries. When judged appropriate, the portfolio may be held in fixed interest securities denominated in currencies other than U.S. Dollars, with the relevant currency exposure hedged back into U.S. Dollars.
Benchmark
  • BofA Merrill Lynch Global Broad Mkt Cor
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.2%
1 Year rank in sector
12/48
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.
0.67%
Fund size
£145m (£118m 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.
22
Top in this sector
Fund name1 Year
Blackrock Gbl Infltn Lkd Bd $7.4%
Invesco GblInvGrCorpBd6.1%
Nikko AM Asia Credit5.3%
Pimco GIS GblInvGrCr5.1%
Vanguard USIvGdCId5.1%
...more in FO Fixed Int - USD Investment Grade

Performance snapshot

Holdings snapshot

  • USA47.8%
    UK13.9%
    Money Market4.9%
    Sweden4.8%
    Switzerland4.8%
  • Investment Grade Corporate Bonds94.3%
    Money Market3.3%
    Foreign Exchange1.5%
    High Yield Bond0.9%
  • US Fixed Interest47.8%
    UK Fixed Interest14.9%
    Money Market4.9%
    Swedish Fixed Interest4.8%
    Swiss Fixed Interest4.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.2%-3.3%-0.1%4.2%10.8%23.9%
Sector-2.3%-3.2%-0.8%2.8%9.1%19.3%
Rank within sector21 / 5427 / 5210 / 5212 / 4812 / 456 / 40
Quartile2nd3rd1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund4.7%0.5%5.2%0.8%9.9%
Sector3.4%-0.7%6%-1.1%10.1%
Rank within sector13 / 4812 / 4730 / 453 / 4410 / 40
Quartile2nd2nd3rd1st1st
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.
0.78
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.
0.91
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.
-
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%.
3.02
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.
1.28
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.
0.4
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.
0.83
Price movement
52 week high25.19
52 week low23.19
Current bid price-
Current offer price-
Current mid price24.41
Region
1USA47.8%
2UK13.9%
3Money Market4.9%
4Sweden4.8%
5Switzerland4.8%
6Germany4.3%
7Belgium3.5%
8Spain1.7%
9China1.6%
Industry sector
1Investment Grade Corporate Bonds94.3%
2Money Market3.3%
3Foreign Exchange1.5%
4High Yield Bond0.9%
Asset type
1US Fixed Interest47.8%
2UK Fixed Interest14.9%
3Money Market4.9%
4Swedish Fixed Interest4.8%
5Swiss Fixed Interest4.8%
6German Fixed Interest4.3%
7Belgian Fixed Interest3.5%
8Spanish Fixed Interest1.7%
9Chinese Fixed Interest1.6%
Individual holdings
1NESTLE HLDGS INC 1.875% NTS 09/03/21 USD20001.8%
2APPLE INC 2.4% BDS 03/05/23 USD20001.4%
3SKANDINAVISKA ENSKILDA BANKEN 1.875% BDS 13/09/21 USD2500001.3%
4PROCTER & GAMBLE CO 2.7% BDS 02/02/26 USD10001.2%
5WELLS FARGO & CO 4.4% BDS 14/06/46 USD10001.2%
6DANSKE BANK A/S 2.8% NTS 10/03/21 USD2000001.1%
7ROCHE HLDGS INC 2.625% BDS 15/05/26 USD200000REG S1.1%
8SPRINT SPECTRUM CO LLC 3.36% NTS 20/03/23 USD1000 2016-1 A11.1%
9DAIMLER FINANCE NA LLC 2.125% BDS 06/04/20 USD20001%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund aims to generate a high level of income, with the opportunity for capital gain, from a diversified portfolio of fixed and floating rate securities, normally denominated in U.S. Dollars and issued by governments, institutions and corporations in both developing and developed countries. When judged appropriate, the portfolio may be held in fixed interest securities denominated in currencies other than U.S. Dollars, with the relevant currency exposure hedged back into U.S. Dollars.
Benchmark
  • BofA Merrill Lynch Global Broad Mkt Cor
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Garland Hansmann31/03/2015Garland is a portfolio manager at Investec Asset Management, responsible for credit. Prior to joining the firm he was Head of High Yield at Intermediate Capital Group. Prior to this he was European Head of Credit Research and High Yield Bonds at Credit Suisse Asset Management. He has also held positions at Dresdner Bank AG and Delbrueck Asset Management. Garland holds a Finance and Capital Markets degree (Diplombetriebswirt) from the Hochschule fuer Bankwirtschaft University in Frankfurt. Garland is also a CFA Charterholder.
Jeff Boswell31/03/2015Jeff is responsible for managing and leading the development of the developed markets credit platform at Investec Asset Management. His responsibilities include acting as a portfolio manager across a range of Investec Asset Management credit funds. Prior to joining the firm Jeff worked at Intermediate Capital Group PLC as Head of Portfolio Management within its Credit Fund Management division. He was also a member of the investment committee across both liquid and illiquid Credit Fund Management strategies. Prior to this he was at Investec Bank Limited as Head of Acquisition Finance, where he established the Acquisition Finance platform and led the development a third party asset management CLO platform alongside. Previously he has also held structured and leveraged finance roles at NIB Capital (London) and BOE Merchant Bank (South Africa). Jeff holds a Bachelor of Commerce Honours (Cum Laude) from University of South Africa. He is also a Chartered Accountant (SA) and a CFA Charterholder.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, Cayman Islands, Germany, Denmark, Spain, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Macau, Netherlands, Norway, Offshore, Singapore, Taiwan - Province Of China
Investec Investment Grade Corporate Bond A Gr Acc USD
Initial charge5%
Annual charge0.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price23.16
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAUN5
Investec Investment Grade Corporate Bond A Gr Inc-2 USD
Initial charge5%
Annual charge0.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price28.71
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIB02
Investec Investment Grade Corporate Bond A Hedged (Reference) Gr Inc-2 EUR
Initial charge5%
Annual charge0.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price20.83
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF3V6
Investec Investment Grade Corporate Bond A Hedged (Reference) Gr Inc-2 GBP
Initial charge5%
Annual charge0.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price21.14
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBA1
Investec Investment Grade Corporate Bond A Inc-3 HKD
Initial charge5%
Annual charge0.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.06
CurrencyHKD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE99O
Investec Investment Grade Corporate Bond A Inc-3 USD
Initial charge5%
Annual charge0.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.85
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE99N
Investec Investment Grade Corporate Bond C Gr Inc ZAR
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 price-
CurrencyZAR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBBM
Investec Investment Grade Corporate Bond C Gr Inc-2 USD
Initial charge3%
Annual charge1.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.18%
Bid price-
Offer price-
Mid price26.4
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGG93
Investec Investment Grade Corporate Bond C Hedged (IRD) Gr Inc-2 AUD
Initial charge3%
Annual charge1.75%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.34
CurrencyAUD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFFXW
Investec Investment Grade Corporate Bond C Hedged (IRD) Gr Inc-2 ZAR
Initial charge3%
Annual charge1.75%
Min single investment£3,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.29%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price196.11
CurrencyZAR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFFXV
Investec Investment Grade Corporate Bond C Hedged (Reference) Gr Inc-2 EUR
Initial charge3%
Annual charge1.75%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.25%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price21.44
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBM2
Investec Investment Grade Corporate Bond D Gr Inc-2 USD
Initial charge5%
Annual charge1.25%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price30.1
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFBM3
Investec Investment Grade Corporate Bond F Gr Acc USD
Initial charge5%
Annual charge0.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price23.34
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeY651
Investec Investment Grade Corporate Bond F Gr Inc-2 USD
Initial charge5%
Annual charge0.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.39%
Total expense ratio (TER)1.63%
Bid price-
Offer price-
Mid price14.19
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeY649
Investec Investment Grade Corporate Bond I Gr Acc USD
Initial charge5%
Annual charge0.4%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.67%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price24.41
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAUN6
Investec Investment Grade Corporate Bond S Gr Acc USD
Initial charge10%
Annual charge-
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)0.09%
Bid price-
Offer price-
Mid price30.7
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCM4
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