Fact sheet: Kames HiYiGlBd

Fund information
Fund name
Kames High Yield Global Bond B Inc USD
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Philip Milburnsince 08/11/2007
  • David Ennettsince 08/09/2016
Fund objective
To maximise total return (income plus capital).
Benchmark
  • Lipper Global Bond Global High Yield Sector Median
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.9%
1 Year rank in sector
48/73
Sector
FO Fixed Int - Global High Yield
Yield
4.3%
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.
0.85%
Fund size
£438m (£463m 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.
35
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld30.2%
Natixis LoomsSyles HInc23.4%
T. Rowe Price GblHghIncBd13.6%
Franklin High Yield12.6%
Nomura Gbl Hgh Yld Bd12.5%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA53.7%
    Money Market12.5%
    UK12%
    Germany5.2%
    Others5.2%
  • Industrials66.5%
    Financials15.4%
    Money Market12.5%
    Utilities3.3%
    Asset/Mortgage-Backed Securities2.3%
  • Global Fixed Interest87.5%
    Money Market12.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%-0.4%3.9%6.9%13.3%45.3%
Sector0.2%0.5%4.9%8.4%9.4%32.9%
Rank within sector33 / 8256 / 7944 / 7548 / 7312 / 584 / 43
Quartile2nd3rd3rd3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8.1%-0.7%4.9%6.7%19.9%
Sector10.1%-2.5%1.4%5.2%15.5%
Rank within sector49 / 7321 / 659 / 5819 / 492 / 43
Quartile3rd2nd1st2nd1st
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.
1.2
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.
0.98
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.
0.12
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%.
4.83
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.
1.43
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.
0.79
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.
0.91
Price movement
52 week high11.24
52 week low10.12
Current bid price-
Current offer price-
Current mid price10.98
Region
1USA53.7%
2Money Market12.5%
3UK12%
4Germany5.2%
5Others5.2%
6France3.3%
7Switzerland2.9%
8Spain2.1%
9Luxembourg1.6%
Industry sector
1Industrials66.5%
2Financials15.4%
3Money Market12.5%
4Utilities3.3%
5Asset/Mortgage-Backed Securities2.3%
Asset type
1Global Fixed Interest87.5%
2Money Market12.5%
Individual holdings
1CCO HLDGS LLC/CAP CORP 5.125% BDS 01/05/23 USD10001.74%
2CPUK FINANCE LTD 7% BDS 28/08/20 GBP1000001.65%
3FRONTIER COMMUNICATIONS CORP 10.5% NTS 15/09/22 USD10001.62%
4BANK OF AMERICA CORP 6.25% BDS 31/12/49 USD10001.57%
5CNH INDUSTRIAL NV 4.5% BDS 15/08/23 USD20001.57%
6ACCESS MIDSTREAM PARTNERS LP 5.875% BDS 15/03/24 USD20001.55%
7CABLEVISION SYSTEMS CORP 5.875% BDS 15/09/22 USD10001.5%
8DAVITA INC 5.125% BDS 15/07/24 USD20001.47%
9FRESENIUS US FINANCE II INC 4.5% BDS 15/01/23 USD10001.42%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
Fund objective
To maximise total return (income plus capital).
Benchmark
  • Lipper Global Bond Global High Yield Sector Median
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Philip Milburn08/11/2007Philip is an investment manager in the fixed income team. He joined us in 1997 straight from university. Philip studied Economics at the University of Edinburgh.
David Ennett08/09/2016David is Head of High Yield in the Fixed income team. He joined us in 2016 from Standard Life Investments, where he was head of European high yield and manager of the SLI Higher Income Bond Fund and SLI European High Yield Bond Fund. Before that, David worked for Old Mutual Asset Managers, CIBC World Markets and M&G in a variety of analysis and portfolio management roles. He has a degree in Political Science and Economics from the Australian National University in Canberra, and completed an MBA at Imperial College, London. David is a CFA Charterholder
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Spain, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Malta, Netherlands, Offshore, Sweden
Kames High Yield Global Bond A Acc USD
Initial charge5.5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.0893
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZLY
Kames High Yield Global Bond A Hedged Acc CHF
Initial charge5.5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.89%
Bid price-
Offer price-
Mid price12.3514
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5DY
Kames High Yield Global Bond A Hedged Acc EUR
Initial charge5.5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price12.6847
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG0VZ
Kames High Yield Global Bond A Hedged Inc EUR
Initial charge5.5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.36%
Bid price-
Offer price-
Mid price7.2407
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA6C0
Kames High Yield Global Bond A Hedged Inc GBP
Initial charge5.5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.52%
Total expense ratio (TER)1.38%
Bid price-
Offer price-
Mid price5.2385
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA6C1
Kames High Yield Global Bond A Inc USD
Initial charge5.5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.37%
Bid price-
Offer price-
Mid price10.8879
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeA6C2
Kames High Yield Global Bond B Hedged Acc CHF
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.9915
CurrencyCHF
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJV4G
Kames High Yield Global Bond B Hedged Acc EUR
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price12.9014
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG0WA
Kames High Yield Global Bond B Hedged Acc GBP
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.86%
Bid price-
Offer price-
Mid price14.7694
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0LPJ
Kames High Yield Global Bond B Hedged Acc SEK
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.071
CurrencySEK
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMY1Y
Kames High Yield Global Bond B Hedged Inc EUR
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price11.0084
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0LPK
Kames High Yield Global Bond B Hedged Inc GBP
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.97%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price10.9335
CurrencyGBP
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM9O8
Kames High Yield Global Bond B Inc USD
Initial charge-
Annual charge0.8%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price10.9829
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIQG5
Data provided by

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