Fact sheet: JPM Global High Yield Bond

Fund information
Fund name
JPM Global High Yield Bond C Acc
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund managers
  • Robert Cooksince 30/06/2005
  • Thomas Hausersince 30/06/2005
Fund objective
To provide a high return from a diversified portfolio of Bond and other Debt Securities. TheFund will invest primarily in Bond and other Debt Securities (mainly Below InvestmentGrade securities or Unrated securities) of issuers in developed countries, primarilycorporations and banks. The Fund may also invest in Bond and other Debt Securities ofissuers of Emerging countries. The Fund will aim to hedge non-Sterling securities back toSterling.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
10.6%
1 Year rank in sector
4/22
Sector
UT Sterling High Yield
Yield
7.3%
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.
0.73%
Fund size
£181m (£153m 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.
47
Mid price
117.6
Top in this sector
Fund name1 Year
Fidelity Global High Yield13.2%
L&G High Income Trust11.8%
Newton Global Hi Yield Bd11.3%
JPM Global High Yield Bond10.6%
Investec MonthlyHiInc10.4%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA87.9%
    Luxembourg3.1%
    Canada2.1%
    Netherlands1.8%
    UK1.2%
  • Communications26.1%
    Non-Cyclical Consumer Goods17.1%
    Cyclical Consumer Goods15.2%
    Technology11.2%
    Energy9.5%
  • US Fixed Interest87.9%
    Luxembourg Fixed Interest3.1%
    Canadian Fixed Interest2.1%
    Dutch Fixed Interest1.8%
    UK Fixed Interest1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%0.2%5.1%10.6%8.1%30.9%
Sector0.5%0.2%4.3%7.5%11.1%39.5%
Rank within sector4 / 2212 / 227 / 224 / 2218 / 2118 / 19
Quartile1st3rd2nd1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund12.8%-5.5%1.1%5.9%13.6%
Sector8.8%-0.3%1.8%6.2%18.4%
Rank within sector3 / 2221 / 2216 / 2114 / 2018 / 19
Quartile1st4th4th3rd4th
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.
-1.57
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.
1.28
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%.
6.14
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.
-0.3
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.
0.86
Price movement
52 week high118.8
52 week low98.4
Current bid price-
Current offer price-
Current mid price117.6
Region
1USA87.9%
2Luxembourg3.1%
3Canada2.1%
4Netherlands1.8%
5UK1.2%
6France0.9%
7Germany0.6%
8New Zealand0.6%
9Ireland0.5%
Industry sector
1Communications26.1%
2Non-Cyclical Consumer Goods17.1%
3Cyclical Consumer Goods15.2%
4Technology11.2%
5Energy9.5%
6Capital Goods7%
7Basic Industries5.8%
8Financials2.4%
9Transport2.2%
Asset type
1US Fixed Interest87.9%
2Luxembourg Fixed Interest3.1%
3Canadian Fixed Interest2.1%
4Dutch Fixed Interest1.8%
5UK Fixed Interest1.2%
6French Fixed Interest0.9%
7German Fixed Interest0.6%
8New Zealand Fixed Interest0.6%
9Global Fixed Interest0.5%
Individual holdings
1SOFTBANK (UNITED STATES) 7.875% 15/09/231.7%
2FIRST DATA CORP 5.75% BDS 15/01/24 USD20001.4%
3HCA INC 7.5% BDS 15/02/22 USD20001.3%
4CAESARS ENTERTAINMENT OPERATING CO 9% BDS 15/02/20 USD1000 144A1.2%
5MGM RESORTS INTL 7.75% BDS 15/03/22 USD10001.1%
6SOFTBANK (UNITED STATES) 8.750% 15/03/321.1%
7TENET HEALTHCARE CORP 8.125% BDS 01/04/22 USD20001.1%
8CHARTER COMMUNICATIONS (UNITED STATES) 5.875 01/04/241%
9HCA INC 5.375% BDS 01/02/25 USD20001%
Management
Fund manager group
JP Morgan
Fund manager company
JP Morgan Asset Management UK
Fund type
OEIC
Fund objective
To provide a high return from a diversified portfolio of Bond and other Debt Securities. TheFund will invest primarily in Bond and other Debt Securities (mainly Below InvestmentGrade securities or Unrated securities) of issuers in developed countries, primarilycorporations and banks. The Fund may also invest in Bond and other Debt Securities ofissuers of Emerging countries. The Fund will aim to hedge non-Sterling securities back toSterling.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Robert Cook30/06/2005Robert 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.
Thomas Hauser30/06/2005Present: Vice President, the co-lead portfolio manager within the High Yield Fixed Income Team, responsible for overseeing high yield total return strategies, sub-advising mutual fund assets and absolute return credit products. 2004: Joined the firm. 2001: Worked for 40|86 Advisors, most recently serving as a co-portfolio manager on three mutual funds and as the co-head of the Collateralized Bond Obligation Group. 1993: Worked at Van Kampen Investments, co-managing several high yield mutual funds and leading the high yield trading desk. Education / Qualification: BS (Finance) - Miami (Ohio) University Chartered Financial Analyst (CFA) Member of the Indianapolis Society of Financial Analysts
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey
JPM Global High Yield Bond A Acc
Initial charge3%
Annual charge1.1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price104.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSI71
JPM Global High Yield Bond A Inc
Initial charge3%
Annual charge1.1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price37.33
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSI72
JPM Global High Yield Bond A Monthly
Initial charge3%
Annual charge1.1%
Min single investment£3,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price37.17
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJY2I
JPM Global High Yield Bond B Acc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price105.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YDH
JPM Global High Yield Bond B Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.93%
Total expense ratio (TER)0.93%
Bid price-
Offer price-
Mid price104.9
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGSL0
JPM Global High Yield Bond C Acc
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price117.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YDI
JPM Global High Yield Bond C Gr Acc
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price122.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0LS7
JPM Global High Yield Bond C Gr Inc
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price94.21
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0LS8
JPM Global High Yield Bond C Inc
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price94.12
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0YDJ
JPM Global High Yield Bond C Monthly
Initial charge-
Annual charge0.55%
Min single investment£5,000,000
Min regular saving£100,000
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price93.65
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJY2K
JPM Global High Yield Bond I Acc
Initial charge-
Annual charge0.45%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price187.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJU84
JPM Global High Yield Bond I Gr Acc
Initial charge-
Annual charge0.45%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price185.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeO181
JPM Global High Yield Bond I Gr Inc
Initial charge-
Annual charge0.45%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price98.27
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeO180
JPM Global High Yield Bond I Inc
Initial charge-
Annual charge0.45%
Min single investment£20,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price92.55
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJU85
JPM Global High Yield Bond X Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YDL
JPM Global High Yield Bond X Gr Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price138.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0QQW
JPM Global High Yield Bond X Gr Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0YDK
JPM Global High Yield Bond X Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0YDM
Data provided by

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