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
  • Jeff Boswellsince 01/04/2015
  • Garland Hansmannsince 01/04/2015
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
  • Merrill Lynch Global Broad Market Corporate Index USD Hedged
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.4%
1 Year rank in sector
14/24
Sector
FO Fixed Int - USD Corporate Bond
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
£106m (£120m 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.
23
Top in this sector
Fund name1 Year
Invesco GblInvGrCorpBd9.6%
Franklin Fltng Rte II8.5%
StanLife Inv EM Corp Bd7.3%
Natixis Dur Hgd Gbl Corp Bd6.5%
JPM Flx Crd6.1%
...more in FO Fixed Int - USD Corporate Bond

Performance snapshot

Holdings snapshot

  • USA58.2%
    UK17.8%
    Sweden4.6%
    Belgium2.7%
    France2.7%
  • Investment Grade Corporate Bonds99%
    High Yield Bond1%
    Money Market0.1%
    Foreign Exchange-0.1%
  • US Fixed Interest58.2%
    UK Fixed Interest19.2%
    Swedish Fixed Interest4.6%
    Belgian Fixed Interest2.7%
    French Fixed Interest2.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%1.6%-0.5%3.4%11%20.9%
Sector0.9%1.6%0.6%5.3%10.7%19.9%
Rank within sector29 / 3322 / 3221 / 2814 / 249 / 218 / 14
Quartile4th3rd3rd3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.6%5.5%0.5%5.2%0.8%
Sector2.1%7.5%-1.2%5.4%-1.5%
Rank within sector27 / 3214 / 225 / 2216 / 195 / 16
Quartile4th3rd1st4th2nd
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.
1.02
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.
0.7
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%.
3.04
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.
2.08
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.
-0.01
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.
0.65
Price movement
52 week high25.19
52 week low24.06
Current bid price-
Current offer price-
Current mid price24.91
Region
1USA58.2%
2UK17.8%
3Sweden4.6%
4Belgium2.7%
5France2.7%
6Spain2.6%
7Ireland2.2%
8Netherlands2.2%
9Switzerland1.8%
Industry sector
1Investment Grade Corporate Bonds99%
2High Yield Bond1%
3Money Market0.1%
4Foreign Exchange-0.1%
Asset type
1US Fixed Interest58.2%
2UK Fixed Interest19.2%
3Swedish Fixed Interest4.6%
4Belgian Fixed Interest2.7%
5French Fixed Interest2.7%
6Spanish Fixed Interest2.6%
7Dutch Fixed Interest2.2%
8Irish Fixed Interest2.2%
9Swiss Fixed Interest1.8%
Individual holdings
1SABINE PASS LIQUEFACTION LLC 6.25% BDS 15/03/22 USD1000001.7%
2APPLE INC 2.4% BDS 03/05/23 USD20001.6%
3SANTANDER ISSUANCES SA UNIPERSONA 3.125% MTN 19/01/27 EUR1000001.6%
4SKANDINAVISKA ENSKILDA BANKEN 1.875% BDS 13/09/21 USD2500001.6%
5SPRINT SPECTRUM CO LLC 3.36% NTS 20/03/23 USD1000 2016-1 A11.6%
6VEREIT OPERATING PARTNERSHIP L 4.875 JUN 01 261.6%
7ATF NETHERLANDS BV 2.125% BDS 13/03/23 EUR1000001.5%
8BROADRIDGE FINANCIAL SOLUTIONS 3.4 JUN 27 261.4%
9DELPHI AUTOMOTIVE PLC 1.6% NTS 15/09/28 EUR1000001.4%
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
  • Merrill Lynch Global Broad Market Corporate Index USD Hedged
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jeff Boswell01/04/2015Jeff 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.
Garland Hansmann01/04/2015Garland 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.
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 price23.59
CurrencyUSD
Price updated24/04/2017
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 price28.83
CurrencyUSD
Price updated24/04/2017
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)1.23%
Total expense ratio (TER)1.27%
Bid price-
Offer price-
Mid price20.77
CurrencyEUR
Price updated24/04/2017
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)1.23%
Total expense ratio (TER)1.22%
Bid price-
Offer price-
Mid price21.13
CurrencyGBP
Price updated24/04/2017
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)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.29
CurrencyHKD
Price updated24/04/2017
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)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price20.03
CurrencyUSD
Price updated24/04/2017
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 price26.52
CurrencyUSD
Price updated24/04/2017
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 price19.43
CurrencyAUD
Price updated24/04/2017
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 price197.67
CurrencyZAR
Price updated24/04/2017
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)2.23%
Total expense ratio (TER)2.27%
Bid price-
Offer price-
Mid price21.37
CurrencyEUR
Price updated24/04/2017
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 price30.2
CurrencyUSD
Price updated24/04/2017
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 price23.75
CurrencyUSD
Price updated24/04/2017
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 price14.3
CurrencyUSD
Price updated24/04/2017
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 price24.91
CurrencyUSD
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAUN6
Data provided by

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