Fact sheet: Investec MonthlyHiInc

Fund information
Fund name
Investec Monthly High Income I Acc GBP
Fund manager company
Investec Fund Managers (UK)
Fund type
OEIC
Fund managers
  • Jeff Boswellsince 31/03/2015
  • Garland Hansmannsince 31/03/2015
Fund objective
The Fund aims to provide investors with a high income, paid monthly, primarily through investment in highly rated and/or high yield bonds from around the world and in derivatives the underlying assets of which are highly rated and/or high yield bonds from around the world.
Benchmark
  • ML Global High Yield Constrained
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
10%
1 Year rank in sector
4/22
Sector
UT Sterling High Yield
Yield
5.1%
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.
0.76%
Fund size
£114m (£122m 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.
33
Mid price
172.14
Top in this sector
Fund name1 Year
Fidelity Global High Yield12.4%
L&G High Income Trust10.8%
Newton Global Hi Yield Bd10.8%
Investec MonthlyHiInc10%
JPM Global High Yield Bond9.6%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA71.6%
    Money Market6.1%
    UK5%
    Canada2.9%
    Brazil2.6%
  • High Yield Bond92.3%
    Money Market13.8%
    Investment Grade Corporate Bonds1.5%
    Foreign Exchange-7.6%
  • US Fixed Interest71.6%
    Money Market6.1%
    UK Fixed Interest5%
    Canadian Fixed Interest2.9%
    Brazilian Fixed Interest2.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%0%5.1%10%13.5%39%
Sector0.4%0.1%4.3%7.1%10.8%39.4%
Rank within sector6 / 2210 / 226 / 224 / 227 / 2113 / 19
Quartile2nd2nd2nd1st2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.9%0.3%1.6%3.9%18.2%
Sector8.5%-0.3%1.8%6.2%18.4%
Rank within sector5 / 2211 / 2213 / 2120 / 2012 / 19
Quartile1st2nd3rd4th3rd
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.
1.09
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.
0.96
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.
0.12
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%.
4.52
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.
1.51
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.
0.64
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.
0.89
Price movement
52 week high173.96
52 week low149.25
Current bid price-
Current offer price-
Current mid price172.14
Region
1USA71.6%
2Money Market6.1%
3UK5%
4Canada2.9%
5Brazil2.6%
6Germany1.7%
7Italy1.6%
8Ireland1.5%
9Luxembourg1.5%
Industry sector
1High Yield Bond92.3%
2Money Market13.8%
3Investment Grade Corporate Bonds1.5%
4Foreign Exchange-7.6%
Asset type
1US Fixed Interest71.6%
2Money Market6.1%
3UK Fixed Interest5%
4Canadian Fixed Interest2.9%
5Brazilian Fixed Interest2.6%
6German Fixed Interest1.7%
7Italian Fixed Interest1.6%
8Irish Fixed Interest1.5%
9Luxembourg Fixed Interest1.5%
Individual holdings
1T-MOBILE US INC 6.5% BDS 15/01/26 USD10002.3%
2ARD FINANCE SA REGS 6.625 SEP 15 231.7%
3CAESARS ENTERTAINMENT CORP 11% BDS 01/10/21 USD20001.7%
4APX GROUP INC 8.75% BDS 01/12/20 USD1000 144A1.6%
5CCO HLDGS LLC/CAP CORP 5.125% BDS 01/05/23 USD10001.6%
6PETROBRAS GLOBAL FINANCE BV 4.75% BDS 14/01/25 EUR10001.6%
7AERCAP IRELAND CAPITAL LTD / A 4.625 JUL 01 221.5%
8MEDNAX INC 5.25% NTS 01/12/23 USD2000 144A1.5%
9SABINE PASS LNG LP 6.25% BDS 15/03/22 USD1000001.5%
Management
Fund manager group
Investec
Fund manager company
Investec Fund Managers (UK)
Fund type
OEIC
Fund objective
The Fund aims to provide investors with a high income, paid monthly, primarily through investment in highly rated and/or high yield bonds from around the world and in derivatives the underlying assets of which are highly rated and/or high yield bonds from around the world.
Benchmark
  • ML Global High Yield Constrained
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
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.
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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Chile, Germany, United Kingdom, Luxembourg, Netherlands, Peru
Investec Monthly High Income A Acc GBP
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price211.12
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGO02
Investec Monthly High Income A Inc-2 GBP
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.36%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price70.63
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGO28
Investec Monthly High Income I Acc GBP
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISAYes
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price172.14
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBOD2
Investec Monthly High Income I Inc-2 GBP
Initial charge-
Annual charge0.65%
Min single investment£1,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price102.39
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code12GL
Investec Monthly High Income R Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price116.76
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI3YH
Investec Monthly High Income R Inc-2 GBP
Initial charge-
Annual charge0.75%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price96.91
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI3YI
Investec Monthly High Income S Gr Acc GBP
Initial charge-
Annual charge-
Min single investment£100,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.11%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price238.67
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEFZ2
Data provided by

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