Fact sheet: Investec TrgRtrBnd

Fund information
Fund name
Investec Target Return Bond I Acc USD
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund managers
  • John Stopfordsince 01/02/2007
  • Russell Silberstonsince 01/03/2010
Fund objective
The Fund aims to produce a positive total return, consisting of both income and capital gains, over rolling 3 year periods, regardless of market conditions, by investing primarily in fixed interest bearing instruments and related derivatives.
Benchmark
  • Overnight USD LIBOR
Investment style
Total Return
Investment method
Fixed Interest
Quick stats
1 Year return
3.6%
1 Year rank in sector
167/297
Sector
FO Fixed Int - Global
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.
0.76%
Fund size
£199m (£63m 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.
71
Top in this sector
Fund name1 Year
Capital Group GHIOL43.9%
Dodge & Cox Global Bond29.8%
CG Real Return25.4%
SKAGEN Tellus22.2%
La Mondiale Global Bond21.1%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA36%
    New Zealand18.2%
    UK13.7%
    Czech Republic11.1%
    Switzerland8%
  • Government Bonds59%
    High Yield Bond17.8%
    Index Linked9.3%
    Debt6.9%
    Foreign Exchange2.7%
  • US Fixed Interest36%
    New Zealand Fixed Interest18.2%
    UK Fixed Interest13.7%
    Czech Fixed Interest11.1%
    Swiss Fixed Interest8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%-0.4%0.2%3.6%-0.6%-1.5%
Sector0.9%-1.1%-0.4%5.2%6.3%13%
Rank within sector239 / 322124 / 315136 / 309167 / 297177 / 233141 / 168
Quartile3rd2nd2nd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.1%4.9%-5.4%0.3%-4.7%
Sector0.3%4.6%-1.6%3.7%-1.6%
Rank within sector235 / 318110 / 298241 / 271185 / 233157 / 205
Quartile3rd2nd4th4th4th
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.
-1.61
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.
0.69
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%.
3.31
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.
2.84
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.
-0.8
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.
0.34
Price movement
52 week high26.16
52 week low24.86
Current bid price-
Current offer price-
Current mid price25.89
Region
1USA36%
2New Zealand18.2%
3UK13.7%
4Czech Republic11.1%
5Switzerland8%
6Money Market5.2%
7Denmark4.2%
8Luxembourg0.8%
9Canada0.5%
Industry sector
1Government Bonds59%
2High Yield Bond17.8%
3Index Linked9.3%
4Debt6.9%
5Foreign Exchange2.7%
6Money Market2.5%
7Investment Grade Corporate Bonds1.8%
Asset type
1US Fixed Interest36%
2New Zealand Fixed Interest18.2%
3UK Fixed Interest13.7%
4Czech Fixed Interest11.1%
5Swiss Fixed Interest8%
6Money Market5.2%
7Danish Fixed Interest4.2%
8Luxembourg Fixed Interest0.8%
9Canadian Fixed Interest0.5%
Individual holdings
1NEW ZEALAND(GOVERNMENT OF) 5% BDS 15/03/19 NZD100018.2%
2UNITED STATES OF AMER TREAS NOTES 0.75% BDS 31/10/18 USD10014.6%
3TREASURY 1.5 GILT 22/01/21 GBP0.019.9%
4UNITED STATES TREASURY INFLATION 0.125 APR 15 219.3%
5SWISS CONFEDERATION GOVERNMENT 3 MAY 12 198%
6CZECH REPUBLIC GOVERNMENT BOND JUL 17 196.9%
7CZECH REPUBLIC GOVERNMENT BOND 1 JUN 26 264.2%
8DENMARK(KINGDOM OF) 3% BDS 15/11/21 DKK0.014.2%
9DELL INC 5.875% NTS 15/06/19 USD10000.5%
Management
Fund manager group
Investec
Fund manager company
Investec Asset Management Luxe
Fund type
Offshore Fund
Fund objective
The Fund aims to produce a positive total return, consisting of both income and capital gains, over rolling 3 year periods, regardless of market conditions, by investing primarily in fixed interest bearing instruments and related derivatives.
Benchmark
  • Overnight USD LIBOR
Investment style
Total Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
John Stopford01/02/2007John is the co-head of Multi-Asset at Investec Asset Management, responsible for all multi-strategy income. He is lead portfolio manager on our multi-strategy income and credit portfolios, as well as participating in the wider management of our multi-asset strategies. During his time at the firm John held the senior position of co-head of Fixed Income & Currency, and prior to this was responsible for the management of our South African fixed income assets from 1998 to 2004. John joined Guinness Flight in 1993, which was later acquired by Investec Asset Management, and took responsibility for investments in emerging bond and currency markets. Previous to this, he worked in London and Tokyo as a specialist global bond and currency portfolio manager for Mitsui Trust Asset Management. John graduated from the University of Oxford with an honours degree in Chemistry in 1990. In 1995, he was awarded the Chartered Financial Analyst (CFA) designation from the Association of Investment Management and Research.
Russell Silberston01/03/2010Russell is the head of Reserve Management, with primary responsibility for managing active interest rate and currency decisions in developed markets. Prior to joining Investec Asset Management, Russell worked for Cazenove Fund Management where he was a fixed income portfolio manager responsible for sterling treasury management services and UK, US and euro short interest rate forecasts. Before joining Cazenove in 2001, Russell worked for Investec Asset Management where his responsibilities included running multi-currency money market funds and non-sterling short dated cash plus products. Prior to that, Russell worked for Investec Bank where he ran a proprietary trading desk. From 1986 to 1995 Russell worked for Clive Discount Co. Ltd. where he traded a wide variety of on and off-balance sheet instruments. Russell started his City career at Samuel Montagu & Co. in 1982.
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Belgium, 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 Target Return Bond A Gr Acc USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.44%
Bid price-
Offer price-
Mid price92.75
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGO61
Investec Target Return Bond A Gr Inc USD
Initial charge5%
Annual charge1%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.49%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price40.93
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGO12
Investec Target Return Bond C Gr Inc USD
Initial charge3%
Annual charge2%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.46%
Total expense ratio (TER)2.43%
Bid price-
Offer price-
Mid price23.48
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeIB16
Investec Target Return Bond D Gr Inc USD
Initial charge5%
Annual charge1.5%
Min single investment£3,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.97%
Total expense ratio (TER)1.92%
Bid price-
Offer price-
Mid price41.1
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGO09
Investec Target Return 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)1.42%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price27.36
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeY642
Investec Target Return Bond I Acc USD
Initial charge5%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.76%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price25.89
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAUL6
Investec Target Return Bond I Hedged Acc EUR
Initial charge5%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.87
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC1OT
Investec Target Return 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)0.17%
Total expense ratio (TER)0.08%
Bid price-
Offer price-
Mid price19.75
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code08GC
Investec Target Return Bond S Hedged Acc EUR
Initial charge10%
Annual charge-
Min single investment£100,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price20.14
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE99P
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