Fact sheet: JPM Euro Corporate Bond

Fund information
Fund name
JPM Euro Corporate Bond A EUR
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • Andreas Michalitsianossince 31/07/2016
  • Usman Naeemsince 31/07/2016
Fund objective
To achieve a return in excess of EUR-denominated corporate bond markets by investing primarily in investment grade EUR-denominated corporate debt securities, using financial derivative instruments where appropriate.
Benchmark
  • Bloomberg Barclays Euro-Aggregate: Corporates Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.9%
1 Year rank in sector
-
Sector
FO Fixed Int - EUR Corporate Bond
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%
Fund size
£63m (£33m 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.
70
Top in this sector
Fund name1 Year
Union UnInstEurSbrdnBnds11.4%
Robeco Fin Instns Bonds10.1%
LO €BBB-BB Fdmntl8.9%
Oyster Eurpn Corp Bonds8.1%
Nordea 1 European Crs Crdt8%
...more in FO Fixed Int - EUR Corporate Bond

Performance snapshot

Holdings snapshot

  • USA19.2%
    France18.2%
    UK12.3%
    Germany6.6%
    Italy6.5%
  • Financials39.1%
    Communications10.3%
    Non-Cyclical Consumer Goods10.2%
    Utilities8.5%
    Cyclical Consumer Goods6.9%
  • US Fixed Interest19.2%
    French Fixed Interest18.2%
    UK Fixed Interest12.3%
    German Fixed Interest6.6%
    Italian Fixed Interest6.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%0.8%-1.4%3.9%9.5%24%
Sector0.1%0.8%-0.9%5.7%9.5%24.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund-3.7%-0.7%8%2.1%
Sector0.1%4.7%-1%6.9%2.2%
Rank within sector-----
Quartile
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.
0.07
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
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%.
2.97
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.
0.69
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.
-0.08
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.
0.95
Price movement
52 week high15.8
52 week low14.96
Current bid price15.52
Current offer price16.07
Current mid price-
Region
1USA19.2%
2France18.24%
3UK12.29%
4Germany6.62%
5Italy6.53%
6Spain5.09%
7Netherlands4.7%
8Switzerland4.32%
9Money Market4%
Industry sector
1Financials39.1%
2Communications10.3%
3Non-Cyclical Consumer Goods10.2%
4Utilities8.5%
5Cyclical Consumer Goods6.9%
6Capital Goods6.1%
7Energy5.3%
8Transport4.1%
9Money Market4%
Asset type
1US Fixed Interest19.2%
2French Fixed Interest18.24%
3UK Fixed Interest12.29%
4German Fixed Interest6.62%
5Italian Fixed Interest6.53%
6Spanish Fixed Interest5.09%
7Dutch Fixed Interest4.7%
8Swiss Fixed Interest4.32%
9Money Market4%
Individual holdings
1FCA CAPITAL IRELAND PLC 1.375% BDS 17/04/20 EUR1000001.1%
2ORANGE SA 3.875% BDS 14/01/21 EUR500001.1%
3ATT (UNITED STATES) 2.500% 15/03/231%
4INTESA SANPAOLO SPA 3% BDS 28/01/19 EUR1000001%
5MORGAN STANLEY & CO INTERNATIONAL 2.375% SRN 31/03/21 EUR10001%
6TOTAL (FRANCE) 2.250 29/12/991%
7BARCLAYS BANK PLC 2.625% SUB CALL NTS 11/11/25 EUR1000000.9%
8CREDIT AGRICOLE (LONDON) 2.375% BDS 20/05/24 EUR1000000.9%
9CREDIT MUTUELCIC (FRANCE) 2.625 24/02/210.9%
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 EUR-denominated corporate bond markets by investing primarily in investment grade EUR-denominated corporate debt securities, using financial derivative instruments where appropriate.
Benchmark
  • Bloomberg Barclays Euro-Aggregate: Corporates Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andreas Michalitsianos31/07/2016Andreas Michalitsianos, vice president, is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, he is a portfolio manager within the European Investment Grade Corporate Credit Team and is responsible for managing credit exposure across client portfolios. An employee since 2002, Andreas previously worked as a portfolio manager in the Long Duration group in New York. He received a B.Sc. (Hons.) in biochemistry from the University of Warwick in England and is a CFA charterholder
Usman Naeem31/07/2016
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, Curacao, Czech Republic, Germany, Spain, Estonia, European Economic Community, Finland, France, United Kingdom, Greece, Hungary, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Poland, Portugal, Slovakia, Sweden
JPM Euro Corporate Bond A EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price15.52
Offer price16.07
Mid price-
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEPO6
JPM Euro Corporate Bond A NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price15.6
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQG3
JPM Euro Corporate Bond C EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price15.01
Offer price15.01
Mid price-
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXY6
JPM Euro Corporate Bond C NAV EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.55%
Bid price-
Offer price-
Mid price15.01
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFXY7
JPM Euro Corporate Bond D EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price15.03
Offer price15.56
Mid price-
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQG4
JPM Euro Corporate Bond D NAV EUR
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.4%
Bid price-
Offer price-
Mid price15.11
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEQG5
JPM Euro Corporate Bond I EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price100.43
Offer price100.43
Mid price-
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3AK
JPM Euro Corporate Bond I NAV EUR
Initial charge-
Annual charge0.4%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.51%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.43
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC3AJ
JPM Euro Corporate Bond X EUR
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 price104.94
Offer price104.94
Mid price-
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE62J
JPM Euro Corporate Bond X NAV EUR
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 price104.94
CurrencyEUR
Price updated20/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE62K
Data provided by

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