Fact sheet: Manulife US Spl Opps

Fund information
Fund name
Manulife US Special Opportunities AA
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund manager
  • Manulife Asset Management (US) LLCsince 31/01/2007
Fund objective
The sub-fund has, as its primary objective, the maximisation of total returns from a combination of current income and capital appreciation. To pursue this objective, the sub-fund will primarily invest in U.S. and non-U.S. fixed-income securities rated BB/Ba or lower and their unrated equivalents.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Index
Investment style
None
Investment method
None
Quick stats
1 Year return
13.1%
1 Year rank in sector
19/46
Sector
FO Fixed Int - USD High Yield
Yield
-
Fund size
£68m (£57m 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.
85
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Crp Bd27.9%
Old Mutual MtyInc HiYdBd23.3%
Pioneer US Hi Yd16.6%
Nomura US Hg Yld Bd16.4%
Morg Stnly US$ HiYd Bd15.9%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%1.6%2.7%13.1%4%34.2%
Sector-1.1%1%3.4%11.5%8.4%28%
Rank within sector23 / 5212 / 5031 / 4719 / 4624 / 358 / 28
Quartile2nd1st3rd2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.5%12.7%-5.3%-1.2%10.1%
Sector1%12.7%-3.1%0.7%6.2%
Rank within sector14 / 5025 / 4531 / 3930 / 352 / 34
Quartile2nd3rd4th4th1st
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.
-2.05
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.
1.22
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%.
6.29
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.
1.79
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.
-0.8
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 high0.91
52 week low0.81
Current bid price-
Current offer price-
Current mid price0.88
Region
1USA91.99%
2Money Market8.01%
Industry sector
1Fixed Interest90.22%
2Money Market8.01%
3Others1.77%
Asset type
1US Fixed Interest91.99%
2Money Market8.01%
Individual holdings
1FRONTIER COMMUNICATIONS 09/15/20251.69%
2COOPER TIRE & RUBBER CO 7.625% BDS 15/03/27 USD10001.45%
3ACCESS MIDSTREAM 4.875% 15/03/20241.26%
4WPX ENERGY INC 5.25% BDS 15/09/24 USD20001.18%
5NRG YIELD INC 5.375% BDS 15/08/24 USD2000 144A1.12%
6GMAC Capital Trust I PFD1.06%
7AMERIGAS PARTNERS/AMERIGAS FIN CORP 5.625% BDS 20/05/24 USD20001.05%
8CCO HLDGS LLC/CCO HLDGS CAPITAL CP 5.125% MTG BDS 15/02/23 USD10001.02%
9NRG ENERGY INC 6.25% BDS 15/07/22 USD1000REG S1.02%
Management
Fund manager group
Manulife Global Fund
Fund manager company
Manulife Global Fund
Fund type
Offshore Fund
Fund objective
The sub-fund has, as its primary objective, the maximisation of total returns from a combination of current income and capital appreciation. To pursue this objective, the sub-fund will primarily invest in U.S. and non-U.S. fixed-income securities rated BB/Ba or lower and their unrated equivalents.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Index
Investment style
None
Investment method
None
Fund manager
NameSinceBiography
Manulife Asset Management (US) LLC31/01/2007
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
United Kingdom, Hong Kong, Luxembourg, Offshore, Singapore
Manulife US Special Opportunities AA
Initial charge5%
Annual charge1.25%
Min single investment£20,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.8809
CurrencyUSD
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeO917
Manulife US Special Opportunities AA 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 price0.8979
CurrencyUSD
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC4PR
Manulife US Special Opportunities AA Inc HKD
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 price9.9666
CurrencyHKD
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeC4RW
Manulife US Special Opportunities TD USD
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 price1.021
CurrencyUSD
Price updated28/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code11QZ
Data provided by

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