Fact sheet: JI High Grade Corporate Bonds CL

Fund information
Fund name
JI High Grade Corporate Bonds CL
Fund manager company
Jyske Invest International
Fund type
No data available.
Fund managers
  • Mikael Venoe Munksgaardsince 31/05/2011
Fund objective
The fund's assets are primarily invested in a global portfolio of corporate bonds, i.e. bonds issued by companies. The bonds are denominated in EUR. Fund assets are mainly invested in bonds rated between AAA and BBB- by Standard & Poor's or between Aaa and Baa3 by Moody's.
Benchmark
  • BofA Merrill Lynch Euro Corporate Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.7%
1 Year rank in sector
3/41
Sector
FO Fixed Int - EUR Corporate Bond
Yield
-
Fund size
£10m (£12m 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.
68
Top in this sector
Fund name1 Year
Schroder ISF €Cp Bd4.2%
LO SelTheCredit Bd EUR4%
JI High Grade Corporate Bonds CL3.7%
Morg Stnly Euro Corp Bond3.3%
Kempen (Lux) Euro Crdt3.1%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • Europe63.8%
    North America31.4%
    Latin America2.6%
    International1.1%
    Asia1.1%
  • Financials50.8%
    Utilities11%
    Telecommunications7.9%
    Industrials7.6%
    Energy7.2%
  • European Fixed Interest63.8%
    North American Fixed Interest31.4%
    American Emerging Fixed Interest2.6%
    Global Fixed Interest1.1%
    Asia Pacific Fixed Interest1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-2%1.4%3.7%13.1%31.9%
Sector-1.4%-2%1.1%2.7%9.6%29.9%
Rank within sector15 / 4313 / 427 / 423 / 413 / 3916 / 34
Quartile2nd2nd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund4.8%0.1%8.4%2.1%11.1%
Sector3.8%-1%6.9%2.2%13.3%
Rank within sector3 / 418 / 419 / 3923 / 3829 / 34
Quartile1st1st1st3rd4th
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.
0.81
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.
1.06
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.
0.39
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%.
3.15
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.
0.77
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.
1.32
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.
0.94
Price movement
52 week high135.61
52 week low125.66
Current bid price-
Current offer price-
Current mid price132.44
Region
1Europe63.81%
2North America31.41%
3Latin America2.6%
4International1.12%
5Asia1.06%
Industry sector
1Financials50.84%
2Utilities10.99%
3Telecommunications7.87%
4Industrials7.57%
5Energy7.16%
6Health Care5.42%
7Consumer Discretionary5.02%
8Information Technology3.11%
9Materials2.02%
Asset type
1European Fixed Interest63.81%
2North American Fixed Interest31.41%
3American Emerging Fixed Interest2.6%
4Global Fixed Interest1.12%
5Asia Pacific Fixed Interest1.06%
Individual holdings
1MONDELEZ INTL INC 1.625% BDS 20/01/23 EUR1000002.59%
2IBERDROLA INTERNATIONAL BV 3% NTS 31/01/22 EUR10002.25%
3COCA-COLA ENTERPRISES INC 2.625% MTN 06/11/23 EUR10002.24%
4FCA CAPITAL IRELAND PLC 1.375% BDS 17/04/20 EUR1000002.24%
5DH EUROPE FINANCE SA 2.5% BDS 08/07/25 EUR1000002.22%
6ORANGE SA 5% UNDATED NTS EUR1000002.19%
7JPMORGAN CHASE & CO 2.625% MTN 23/04/21 EUR1000002.16%
8MCDONALD`S CORP 1.875% MTN 26/05/27 EUR1000002.16%
9BANK OF AMERICA CORP 4.75% NTS 06/05/19 EUR10002.11%
Management
Fund manager group
Jyske Invest International
Fund manager company
Jyske Invest International
Fund type
No data available.
Fund objective
The fund's assets are primarily invested in a global portfolio of corporate bonds, i.e. bonds issued by companies. The bonds are denominated in EUR. Fund assets are mainly invested in bonds rated between AAA and BBB- by Standard & Poor's or between Aaa and Baa3 by Moody's.
Benchmark
  • BofA Merrill Lynch Euro Corporate Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mikael Venoe Munksgaard31/05/2011Mikael Venoe Munksgaard has10 years of investment experience as portfolio manager, risk and asset allocation model developer, and financial and credit risk analyst. Holds a Master Degree in Finance from Aarhus School of Business (2001).
Compliance
Reporting Fund Status, UCITS III Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, Denmark, Spain, France, United Kingdom, Gibraltar, Luxembourg, Netherlands, Norway, Offshore, Sweden
JI High Grade Corporate Bonds CL
Initial charge1.5%
Annual charge0.63%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price132.44
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIFI0
Data provided by

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