Fact sheet: JB BF Global High Yield

Fund information
Fund name
JB BF Global High Yield Ca EUR
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund manager
  • Greg Hoppersince 17/12/2002
Fund objective
The fund invests worldwide in mainly high-yield bonds. The increased investment risk due to a lower credit rating should be offset over the long term by a corresponding risk premium. The currency risk is mainly hedged against the euro. The fund is suitable as an additional basis in a globally diversified portfolio. Owing to their positive diversification characteristics with their low correlation to the rest of the bond market, high-yield bonds are particularly suited to mixing with conventional bond portfolios. With the mixture, risk/yield characteristics can be improved overall.
Benchmark
  • BofA ML Global High Yield Constrained
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
-0%
1 Year rank in sector
71/74
Sector
FO Fixed Int - Global High Yield
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.
1.21%
Fund size
£56m (£107m 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
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Natixis LoomsSyles HInc19.9%
T. Rowe Price GblHghIncBd12.6%
Nomura Gbl Hgh Yld Bd11.7%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • International98.8%
    Money Market1.2%
  • Cyclical Consumer Goods15.3%
    Communications14.5%
    Energy13.8%
    Financials13%
    Non-Cyclical Consumer Goods11.6%
  • Global Fixed Interest98.8%
    Money Market1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-0.5%2.7%-0%-5.6%20.5%
Sector-0.7%0.3%4.9%7.7%9.1%34%
Rank within sector52 / 8459 / 8164 / 7771 / 7459 / 5942 / 43
Quartile3rd3rd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.1%-10.2%1%9.1%16%
Sector9.7%-2.5%1.4%5.2%15.5%
Rank within sector72 / 7564 / 6639 / 594 / 4915 / 43
Quartile4th4th3rd1st2nd
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high88.32
52 week low78.92
Current bid price-
Current offer price-
Current mid price80.4
Region
1International98.8%
2Money Market1.2%
Industry sector
1Cyclical Consumer Goods15.32%
2Communications14.47%
3Energy13.83%
4Financials13.01%
5Non-Cyclical Consumer Goods11.59%
6Government Bonds11.35%
7Industrials7.83%
8Basic Materials6.49%
9Technology3.35%
Asset type
1Global Fixed Interest98.8%
2Money Market1.2%
Individual holdings
1US TREASURY BILLS 0.000%9.33%
2Sprint Corp 144A 7.875 SEP 15 231.33%
3SPRINGS INDUSTRIES INC 6,250%1.23%
4HCA INC 5,250%1.15%
5PARK-OHIO INDUSTRIES INC 8,125%1.15%
Management
Fund manager group
Swiss&Gbl Asset Management
Fund manager company
GAM (Luxembourg) S.A.
Fund type
Offshore Fund
Fund objective
The fund invests worldwide in mainly high-yield bonds. The increased investment risk due to a lower credit rating should be offset over the long term by a corresponding risk premium. The currency risk is mainly hedged against the euro. The fund is suitable as an additional basis in a globally diversified portfolio. Owing to their positive diversification characteristics with their low correlation to the rest of the bond market, high-yield bonds are particularly suited to mixing with conventional bond portfolios. With the mixture, risk/yield characteristics can be improved overall.
Benchmark
  • BofA ML Global High Yield Constrained
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Greg Hopper17/12/2002Greg Hopper is a Senior Portfolio Manager and head of the Global High Yield strategy on the North American Fixed Income team. Greg began his investment career at Drexel Burnham Lambert in 1985 before joining Mitchell Hutchins Institutional Investors and then Bankers Trust. In 2000, following the acquisition of Bankers Trust by Deutsche Bank, he joined Harris Investment Management, where he launched their High Yield bond product and then Zurich Scudder Investments, where he was responsible for all institutional high yield bond portfolios. After Deutsche Bank acquired Zurich Scudder in 2002, Greg moved to Artio Global Investors, launching the Global High Income strategy that Aberdeen added to their offerings following their acquisition of Artio in 2013. Greg graduated with a BA in economics from Beloit College, Beloit, Wisconsin and an MBA from Columbia University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Germany, Spain, Estonia, Finland, France, United Kingdom, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Peru, Singapore, Sweden
JB BF Global High Yield A EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price79.77
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJS13
JB BF Global High Yield A USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.69%
Bid price-
Offer price-
Mid price90.45
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG4Y7
JB BF Global High Yield B EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price198.9
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJS12
JB BF Global High Yield B USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.68%
Bid price-
Offer price-
Mid price141.5
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG4Y6
JB BF Global High Yield C EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.17%
Bid price-
Offer price-
Mid price211.96
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJS15
JB BF Global High Yield C USD
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price146.69
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG4Y9
JB BF Global High Yield Ca EUR
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price80.4
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDEF6
JB BF Global High Yield Ca USD
Initial charge3%
Annual charge0.6%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price87.54
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG62N
JB BF Global High Yield E EUR
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.18%
Bid price-
Offer price-
Mid price186.86
CurrencyEUR
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJS14
JB BF Global High Yield E USD
Initial charge3%
Annual charge1.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price136.41
CurrencyUSD
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG4Y8
JB BF Global High Yield Em EUR
Initial charge3%
Annual charge1.1%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.19%
Total expense ratio (TER)2.19%
Bid price-
Offer price-
Mid price84.03
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0SH4
Data provided by

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