Fact sheet: JPM Eur Hi Yd Bd

Fund information
Fund name
JPM Europe High Yield Bond D Acc NAV
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Robert Cooksince 31/10/2013
  • Peter Aspburysince 31/10/2013
Fund objective
To achieve a return in excess of European bond markets by investing primarily in European and non-European below investment grade bonds denominated in European currencies and other debt securities, using financial derivative instruments where appropriate.
Benchmark
  • BofA ML Developed Markets High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
12.3%
1 Year rank in sector
9/24
Sector
FO Fixed Int - Europe
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.
1.5%
Fund size
£884m (£459m last year)
Top in this sector
Fund name1 Year
Robeco Eurpn Hi Yld Bds16.5%
Morg Stnly Erpn Cur HiYd Bd15.9%
Henderson HzEurHighYldBd14.5%
Fidelity Inst Eur Hi Yld14.2%
T. Rowe Price EurHiYdBd13.9%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • Europe71.6%
    UK14.6%
    North America7.2%
    Money Market4.9%
    Others1.7%
  • Basic Industries14.3%
    Telecommunications12.9%
    Automotive12.7%
    Media12.1%
    Capital Goods11.8%
  • European Fixed Interest71.6%
    UK Fixed Interest14.6%
    North American Fixed Interest7.2%
    Money Market4.9%
    Global Fixed Interest1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%3.2%2.5%12.3%14.4%42.5%
Sector0.3%1.9%1.4%7.4%11%27.2%
Rank within sector9 / 2611 / 2612 / 269 / 247 / 185 / 14
Quartile2nd2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1%7.6%1.4%4.8%8.1%
Sector0.6%5.1%1.1%5.2%4.2%
Rank within sector9 / 268 / 2411 / 209 / 178 / 16
Quartile2nd2nd3rd3rd2nd
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.
-0.97
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.
1.58
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.
0.23
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%.
4.82
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.
2.64
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.
0.38
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.
0.81
Price movement
52 week high12.05
52 week low10.78
Current bid price-
Current offer price-
Current mid price12.04
Region
1Europe71.6%
2UK14.6%
3North America7.2%
4Money Market4.9%
5Others1.7%
Industry sector
1Basic Industries14.3%
2Telecommunications12.9%
3Automotive12.7%
4Media12.1%
5Capital Goods11.8%
6Retail7.8%
7Money Market4.9%
8Leisure4.6%
9Financial Services3.9%
Asset type
1European Fixed Interest71.6%
2UK Fixed Interest14.6%
3North American Fixed Interest7.2%
4Money Market4.9%
5Global Fixed Interest1.7%
Individual holdings
1CROWN FINANCE FOUNDATION 7.000 23/04/212.1%
2LIBERTY GLOBAL 4.000 15/01/251.9%
3NEXT ALT 7.250 15/05/221.8%
4TELEFONICA 5.000 29/12/991.8%
5LEONARDO FINMECCANICA 4.500 19/01/211.7%
6TELECOM ITALIA SPA 3.25% MTN 16/01/23 EUR10001.7%
7GROUPE EURIS 3.248 07/03/241.6%
8INTERNATIONAL GAME TECHNOLOGY 4.75% SNR 15/02/23 EUR1000144A1.4%
9ARDAGH PACKAGING FINANCE 6.75% NTS 15/05/24 EUR100000 REG S1.3%
Management
Fund manager group
JP Morgan
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund objective
To achieve a return in excess of European bond markets by investing primarily in European and non-European below investment grade bonds denominated in European currencies and other debt securities, using financial derivative instruments where appropriate.
Benchmark
  • BofA ML Developed Markets High Yield Constrained Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Robert Cook31/10/2013Robert L. Cook is a Managing Director of J.P. Morgan Investment Management Inc., head of its Fixed Income High Yield Team, and lead portfolio manager for its high yield total return, sub-advised mutual fund assets, and absolute return credit products. In addition, he serves on the Global Macro Team which determines the firm's fixed income views of the global economic landscape and portfolio positioning. Prior to joining JPMIM in 2004, Mr. Cook was co-head of the fixed income investment process at 40|86 Advisors, where he was responsible for managing high yield total return assets and was the director of credit research. Prior to joining 40|86 Advisors in 1994, he worked at PNC Bank's investment banking division in Pittsburgh, Pennsylvania, where he was involved with syndicated loans, mergers and acquisitions, private placements and structured products. Mr. Cook holds a B.S. in finance from Indiana University. He is a CFA charter holder and a member of the Indianapolis Society of Financial Analysts.
Peter Aspbury31/10/2013Peter Aspbury, managing director, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, Peter is the head portfolio manager in our European high yield team. In this role, he focuses on coordinating and implementing credit research ideas, portfolio construction, trade execution and risk management. Prior to joining the firm in 2010, Peter was the head of High Yield Research at European Credit Management, where he was responsible for the sub-investment grade research efforts of seven corporate credit analysts and three dedicated leveraged loan analysts. Previously, he spent two years at the Bank of New York in their Corporate Banking group as both a credit analyst and a Lending Officer for the Healthcare Sector. Peter holds a B.A. in history from Middlebury College, a M.Sc. in European Studies from the London School of Economics and an M.B.A. from Cornell University's Johnson School.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bahrain, Switzerland, Chile, Curacao, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Greece, Hungary, Ireland, Italy, Jersey, Republic Of Korea, Liechtenstein, Luxembourg, Netherlands, Norway, Offshore, Peru, Poland, Portugal, Sweden
JPM Europe High Yield Bond A Acc
Initial charge3%
Annual charge0.75%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price18.935
Offer price19.601
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJT07
JPM Europe High Yield Bond A Acc NAV
Initial charge3%
Annual charge0.75%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price19.03
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJT06
JPM Europe High Yield Bond A Hedged Irc NAV RMB
Initial charge3%
Annual charge0.75%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price9.62
CurrencyCNH
Price updated19/08/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKCA
JPM Europe High Yield Bond A Hedged Irc RMB
Initial charge3%
Annual charge0.75%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price9.57
Offer price9.91
Mid price-
CurrencyCNH
Price updated19/08/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKBZ
JPM Europe High Yield Bond A Inc
Initial charge3%
Annual charge0.75%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price2.787
Offer price2.885
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJB98
JPM Europe High Yield Bond A Inc NAV
Initial charge3%
Annual charge0.75%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price2.801
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCI94
JPM Europe High Yield Bond C Acc
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price18.413
Offer price18.413
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRO1
JPM Europe High Yield Bond C Acc NAV
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price18.413
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDRO2
JPM Europe High Yield Bond C Hedged Acc NAV USD
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price127.819
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE10R
JPM Europe High Yield Bond C Hedged Acc USD
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price127.819
Offer price127.819
Mid price-
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE10Q
JPM Europe High Yield Bond C Inc EUR
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price107.997
Offer price107.997
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF37Q
JPM Europe High Yield Bond C Inc NAV EUR
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price107.997
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF37R
JPM Europe High Yield Bond D Acc
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price11.983
Offer price12.404
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJQ05
JPM Europe High Yield Bond D Acc NAV
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price12.043
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCI96
JPM Europe High Yield Bond D Inc EUR
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price96.451
Offer price99.844
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFSRD
JPM Europe High Yield Bond D Inc NAV EUR
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price96.936
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFSRE
JPM Europe High Yield Bond I Acc EUR
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price106.357
Offer price106.357
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEA8T
JPM Europe High Yield Bond I Acc NAV EUR
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.357
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEA8U
JPM Europe High Yield Bond I Hedged Acc NAV USD
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.78
CurrencyUSD
Price updated15/10/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXLT
JPM Europe High Yield Bond I Hedged Acc USD
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price112.78
Offer price112.78
Mid price-
CurrencyUSD
Price updated15/10/2015
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXLU
JPM Europe High Yield Bond I Inc EUR
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price108.977
Offer price108.977
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7IB
JPM Europe High Yield Bond I Inc NAV EUR
Initial charge-
Annual charge0.45%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.977
CurrencyEUR
Price updated17/02/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE7IC
JPM Europe High Yield Bond T Acc EUR
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price141.294
Offer price141.294
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMXG0
JPM Europe High Yield Bond T Acc NAV EUR
Initial charge3%
Annual charge0.75%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)1.5%
Bid price-
Offer price-
Mid price141.294
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMXG1
JPM Europe High Yield Bond X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price119.476
Offer price119.476
Mid price-
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAHD0
JPM Europe High Yield Bond X Acc NAV
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.1%
Bid price-
Offer price-
Mid price119.476
CurrencyEUR
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAHE9
JPM Europe High Yield Bond X Hedged Acc GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price107.568
Offer price107.568
Mid price-
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9TJ
JPM Europe High Yield Bond X Hedged Acc Nav GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.568
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE9TK
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.