Fact sheet: JPM US Hi Yld Pls Bd

Fund information
Fund name
JPM US High Yield Plus Bond A Dis NAV USD
Fund manager company
JPMorgan Asset Mgmt (Europe) S
Fund type
Offshore Fund
Fund managers
  • James P Shanahansince 06/03/2012
  • James E Gibsonsince 06/03/2012
  • William J Morgansince 06/03/2012
Fund objective
To achieve a return in excess of US bond markets by investing primarily in below investment grade USD denominated debt securities, using financial derivative instruments where appropriate.
Benchmark
  • Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.6%
1 Year rank in sector
25/46
Sector
FO Fixed Int - USD 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.
1.2%
Fund size
£134m (£185m 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.
40
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd27.3%
Old Mutual MtyInc HiYdBd26.5%
Allianz US Hi Yd24.1%
UBS LBdSICVAsnHiYld$12.3%
GS AsHiYiBoPo11%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

  • USA84.2%
    Canada5.1%
    Luxembourg2.8%
    UK2.6%
    France1.2%
  • Communications19.8%
    Non-Cyclical Consumer Goods17.2%
    Energy11.7%
    Cyclical Consumer Goods11.1%
    Financials8.8%
  • US Fixed Interest80.3%
    Canadian Fixed Interest4.9%
    Money Market4.7%
    Luxembourg Fixed Interest2.7%
    UK Fixed Interest2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%4%9%6.6%--
Sector0.3%4.1%7.6%6.8%10.4%35.4%
Rank within sector34 / 4622 / 4614 / 4625 / 46--
Quartile3rd2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund11.6%-5.3%---
Sector10.2%-3.1%0.7%6.2%14.1%
Rank within sector15 / 4631 / 41---
Quartile2nd4th
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 high100.59
52 week low85.38
Current bid price-
Current offer price-
Current mid price95.14
Region
1USA84.2%
2Canada5.1%
3Luxembourg2.8%
4UK2.6%
5France1.2%
6Netherlands1.2%
7Cayman Islands0.9%
8Bermuda0.6%
9Others0.6%
Industry sector
1Communications19.8%
2Non-Cyclical Consumer Goods17.2%
3Energy11.7%
4Cyclical Consumer Goods11.1%
5Financials8.8%
6Basic Materials8%
7Capital Goods6.2%
8Technology5.7%
9Money Market4.7%
Asset type
1US Fixed Interest80.25%
2Canadian Fixed Interest4.86%
3Money Market4.7%
4Luxembourg Fixed Interest2.67%
5UK Fixed Interest2.48%
6American Emerging Fixed Interest1.43%
7Dutch Fixed Interest1.14%
8French Fixed Interest1.14%
9Global Fixed Interest0.57%
Individual holdings
1EMBARQ 8.00% 01/06/361.1%
2DISH DBS CORP 6.75% BDS 01/06/21 USD1000 144A1%
3CEMEX 9.38% 12/10/220.8%
4MTNA 7.25% 25/02/220.8%
5CIT GROUP 5.00% 15/08/220.7%
6NUMERICABLE SFR 6% BDS 15/05/22 USD10000.7%
7TEXAS COMPETITIVE ELECTRIC HLDG LLC 11.5% BDS 01/10/20 USD1000 144A0.7%
8ILFC ECAPITAL (UNITED STATES) 3.980 21/12/650.6%
9JOHN B SANFILIPPO (UNITED STATES) 7.250 01/06/210.6%
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 US bond markets by investing primarily in below investment grade USD denominated debt securities, using financial derivative instruments where appropriate.
Benchmark
  • Barclays U.S. Corporate High Yield 2% Issuer Capped Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James P Shanahan06/03/2012James P. Shanahan, Jr., managing director, is a portfolio manager for the Columbus High Yield Team. In this role, he focuses on higher risk credits, including distressed and special situations investments, in high yield mandates. James has been with the firm and worked in high yield and distressed investments since 1986. Education B.A., Xavier University J.D., University of Cincinnati, College of Law
James E Gibson06/03/2012James E. Gibson, managing director, is the head high yield trader and co-portfolio manager for all high yield accounts for the Columbus High Yield Team. He has been in the high yield investment industry and an employee since 1988. James began his career as a high yield analyst and has also worked on a number of special projects in the corporate finance area. Education B.S., Finance, University of Cincinnati College of Business Administration
William J Morgan06/03/2012William J. Morgan, managing director, is the senior portfolio manager and team leader for the Columbus/Cincinnati High Yield Team. In this role, he is actively involved in the management of high yield portfolios as a portfolio manager and responsible for managing the High Yield team’s credit analysts. An employee since 1984, William has worked in the high yield investment industry since 1982. Education B.A., Kenyon College M.B.A., Xavier University
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Curacao, Cyprus, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Hong Kong, Ireland, Italy, Jersey, Republic Of Korea, Luxembourg, Macau, Offshore, Portugal, Singapore, Sweden
JPM US High Yield Plus Bond A Acc NAV USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price125.71
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YOO
JPM US High Yield Plus Bond A Acc USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price125.08
Offer price129.48
Mid price-
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YON
JPM US High Yield Plus Bond A Dis NAV USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price95.14
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNAJ
JPM US High Yield Plus Bond A Dis USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price94.66
Offer price97.99
Mid price-
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNAK
JPM US High Yield Plus Bond A Hedged Acc EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price83.66
Offer price86.6
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YOJ
JPM US High Yield Plus Bond A Hedged Acc NAV EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price84.08
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YOK
JPM US High Yield Plus Bond A Hedged Dis GBP
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price57.94
Offer price59.98
Mid price-
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCUW
JPM US High Yield Plus Bond A Hedged Dis NAV GBP
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price58.23
CurrencyGBP
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFCUX
JPM US High Yield Plus Bond A Hedged Div EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price68.5
Offer price70.91
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFC1U
JPM US High Yield Plus Bond A Hedged Div NAV EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price68.84
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFC1V
JPM US High Yield Plus Bond A Hedged Inc EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price75.76
Offer price78.42
Mid price-
CurrencyEUR
Price updated13/03/2012
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YOL
JPM US High Yield Plus Bond A Hedged Inc NAV EUR
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price76.14
CurrencyEUR
Price updated13/03/2012
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YOM
JPM US High Yield Plus Bond A Mth HKD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price10.37
Offer price10.73
Mid price-
CurrencyHKD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG24Q
JPM US High Yield Plus Bond A Mth NAV HKD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price10.42
CurrencyHKD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG24R
JPM US High Yield Plus Bond A Mth NAV USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price93.92
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG24V
JPM US High Yield Plus Bond A Mth USD
Initial charge3%
Annual charge1%
Min single investment£35,000
Min regular saving£5,000
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price93.45
Offer price96.74
Mid price-
CurrencyUSD
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG24U
JPM US High Yield Plus Bond C Acc NAV USD
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price103.24
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTIE
JPM US High Yield Plus Bond C Acc USD
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price103.24
Offer price103.24
Mid price-
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFTID
JPM US High Yield Plus Bond D Hedged Div EUR
Initial charge3%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price67.48
Offer price69.85
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YOP
JPM US High Yield Plus Bond D Hedged Div NAV EUR
Initial charge3%
Annual charge1%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.7%
Bid price-
Offer price-
Mid price67.82
CurrencyEUR
Price updated23/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YOQ
JPM US High Yield Plus Bond X Acc NAV USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price114.87
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2CQ
JPM US High Yield Plus Bond X Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.1%
Total expense ratio (TER)0.15%
Bid price114.87
Offer price114.87
Mid price-
CurrencyUSD
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF2CR
JPM US High Yield Plus Bond X Hedged Acc 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)0.1%
Bid price87.19
Offer price87.19
Mid price-
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBVL
JPM US High Yield Plus 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)0.1%
Bid price70.3
Offer price70.3
Mid price-
CurrencyGBP
Price updated17/06/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB9U
JPM US High Yield Plus Bond X Hedged Acc 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)0.1%
Bid price-
Offer price-
Mid price87.19
CurrencyEUR
Price updated23/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFBVM
JPM US High Yield Plus 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)0.1%
Bid price-
Offer price-
Mid price70.3
CurrencyGBP
Price updated17/06/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFB9T
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.