Fact sheet: Lloyds Euro High Inc

Fund information
Fund name
Lloyds Euro High Income
Fund manager company
Lloyds Investment Fund Manager
Fund type
No data available.
Fund manager
  • Neil Murraysince 01/10/2006
Fund objective
The aim of the Fund is to maintain a high income through investment in a spread of fixed interest securities denominated predominantly in euro.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
2.6%
1 Year rank in sector
5/34
Sector
FO Fixed Int - EUR
Yield
2.9%
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.
1.23%
Fund size
£15m
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.
69
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv4.9%
BNP Paribas FlxSecuritisation3.7%
Union Quoniam Sel SICV€Cr3.6%
Morg Stnly Euro Stragic Bd2.7%
Lloyds Euro High Inc2.6%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

  • Europe98%
    Money Market2%
  • Corporate Bonds89.8%
    Government Bonds8.2%
    Money Market2%
  • European Corporate Fixed Interest98%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-3.2%0.5%2.6%9.3%39.4%
Sector-1.1%-1.7%0.2%1.1%9.2%25.1%
Rank within sector25 / 3427 / 3510 / 355 / 3422 / 302 / 26
Quartile3rd4th2nd1st3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund3.6%-2.4%8.5%2.3%19.9%
Sector1.8%0%7.7%1.5%10.2%
Rank within sector5 / 3433 / 3317 / 319 / 282 / 26
Quartile1st4th3rd2nd1st
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.
-1.85
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.
1.56
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.
0.01
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%.
3.96
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.
2.22
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.
0.01
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.
0.79
Price movement
52 week high1.69
52 week low1.58
Current bid price-
Current offer price-
Current mid price1.62
Region
1Europe97.97%
2Money Market2.03%
Industry sector
1Corporate Bonds89.77%
2Government Bonds8.2%
3Money Market2.03%
Asset type
1European Corporate Fixed Interest97.97%
2Money Market2.03%
Individual holdings
1KFW BANKENGRUPPE 4.625% MTN 04/01/23 EUR10004.83%
2GE CAPITAL EUROPEAN FUND UNLTD CO 6.025% NTS 01/03/38 EUR10002.47%
3COOPERATIVE RABOBANK 4.75% 20222.43%
4UNIBAIL-RODAMCO 2% MTN 28/04/36 EUR1000002.22%
5ORANGE SA 8.125% EUR MED TRM NTS 28/1/33 EUR10002.21%
6BNP PARIBAS 4.5% 20232.04%
7GERMANY(FEDERAL REPUBLIC OF) 2.25% BDS 04/09/21 EUR0.011.98%
8DEUTSCHE TELEKOM AG 7.5% MED TRM NTS 24/1/33 EUR10001.86%
9TOTAL CAPITAL SA 5.125% EMTN 26/03/24 EUR10001.75%
Management
Fund manager group
Lloyds TSB Offshore Fd Mgr
Fund manager company
Lloyds Investment Fund Manager
Fund type
No data available.
Fund objective
The aim of the Fund is to maintain a high income through investment in a spread of fixed interest securities denominated predominantly in euro.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Neil Murray01/10/2006Neil is an investment manager in the global bonds and economics team with responsibility for the management of investment grade credit portfolios. His research responsibilities include water utilities, retail and tobacco. Before joining SWIP in September 2000, he spent two years in the investment risk control unit at Scottish Widows. Neil is an investment manager in the global bonds and economics team with responsibility for the management of investment grade credit portfolios. His research responsibilities include water utilities, retail and tobacco. Before joining SWIP in September 2000, he spent two years in the investment risk control unit at Scottish Widows. Neil holds a BSc in pure and applied chemistry and a diploma in accountancy from the University of Strathclyde.
Compliance
Reporting Fund Status
Domicile
No data available.
Fund for sale in
United Kingdom, Gulf Cooperation Council, Jersey, Offshore, South Africa
Lloyds Euro High Income
Initial charge4%
Annual charge0.88%
Min single investment£5,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.26%
Bid price-
Offer price-
Mid price1.621
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTX12
Data provided by

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