Fact sheet: Robeco Eurpn Hi Yld Bds

Fund information
Fund name
Robeco European High Yield Bonds ZH EUR
Fund manager company
Robeco Luxembourg S.A.
Fund type
Offshore Fund
Fund manager
  • Roeland Moraalsince 02/10/2005
Fund objective
Robeco European High Yield Bonds invests in bonds with a sub-investment grade rating, issued by European issuers. The portfolio is broadly diversified across approx. 80 issuers, with a structural bias to the higher rated part in high yield (BB/B). Performance drivers are the top-down beta positioning as well as bottom-up issuer selection. Duration of the portfolio is managed in line with the index and currency exposure is hedged.
Benchmark
  • Barclays Pan-European HY Corporate ex Financials 2.5% Issuer Constraint (hedged into EUR)
Investment style
Active,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.2%
1 Year rank in sector
2/25
Sector
FO Fixed Int - Europe
Yield
-
Fund size
£378m (£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.
66
Top in this sector
Fund name1 Year
Robeco Eurpn Hi Yld Bds8.2%
T. Rowe Price EurHiYdBd7.7%
Fidelity Inst Eur Hi Yld7.4%
Henderson HzEurHighYldBd6.7%
Morg Stnly Erpn Cur HiYd Bd6.7%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • International91.5%
    Money Market8.5%
  • Communications20.4%
    Cyclical Consumer Goods17.2%
    Capital Goods14.3%
    Basic Industries10.7%
    Cash & Cash Equivalents9.4%
  • Global Fixed Interest91.5%
    Money Market8.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.7%3.6%8.2%19.4%60.5%
Sector-0.4%-0.6%2%3.3%11%30.2%
Rank within sector12 / 2517 / 263 / 252 / 252 / 18-
Quartile2nd3rd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8.7%3.4%5.6%8.7%-
Sector4%1.1%5.2%4.2%11.7%
Rank within sector2 / 254 / 203 / 186 / 17-
Quartile1st1st1st2nd
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.
0.83
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.
1.51
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.
0.55
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%.
4.67
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.
2.63
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.
0.96
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.
0.77
Price movement
52 week high136.3
52 week low118.37
Current bid price-
Current offer price-
Current mid price134.83
Region
1International91.5%
2Money Market8.5%
Industry sector
1Communications20.4%
2Cyclical Consumer Goods17.2%
3Capital Goods14.3%
4Basic Industries10.7%
5Cash & Cash Equivalents9.4%
6Non-Cyclical Consumer Goods7.7%
7Banks4.5%
8Transport3.9%
9Others3.7%
Asset type
1Global Fixed Interest91.5%
2Money Market8.5%
Individual holdings
1ANGLO AMERICAN CAPITAL 5.875% GTD NTS 17/04/15 EUR500003.06%
2VIRGIN MEDIA SECURED FIN2.87%
3FIAT CHRYSLER FINANCE EUROPE2.67%
4UNITYMEDIA HESSEN GMBH & CO2.43%
5ARDAGH PACKING FINANCE2.38%
6WIND ACQUISITION FINANCE SA2.35%
7KONINKLIJKE KPN NV2.02%
8CNH INDUSTRIAL FINANCE EUROPE1.98%
9HEIDELBERGCEMENT AG1.92%
Management
Fund manager group
Robeco Luxembourg
Fund manager company
Robeco Luxembourg S.A.
Fund type
Offshore Fund
Fund objective
Robeco European High Yield Bonds invests in bonds with a sub-investment grade rating, issued by European issuers. The portfolio is broadly diversified across approx. 80 issuers, with a structural bias to the higher rated part in high yield (BB/B). Performance drivers are the top-down beta positioning as well as bottom-up issuer selection. Duration of the portfolio is managed in line with the index and currency exposure is hedged.
Benchmark
  • Barclays Pan-European HY Corporate ex Financials 2.5% Issuer Constraint (hedged into EUR)
Investment style
Active,High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Roeland Moraal02/10/2005Mr. Roeland Moraal, Vice President, CEFA, Portfolio Manager. Roeland is a Senior Portfolio Manager High Yield within Robeco's Credit team since January 2004. Before assuming this role, he was portfolio manager in our Rates team for two years and worked as an analyst with the Institute for Research and Investment Services for three years. Roeland started his career in the investment industry in 1997 at Robeco. He holds a Master's degree in applied mathematics from the University of Twente and a Master's degree in Law from Erasmus University, Rotterdam. Roeland became a CEFA charter holder in 2000 and he is registered with the Dutch Securities Institute.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Germany, Spain, Finland, France, United Kingdom, Hong Kong, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Peru, Singapore
Robeco European High Yield Bonds 0IH EUR
Initial charge0.5%
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.59%
Bid price-
Offer price-
Mid price109.33
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFILY
Robeco European High Yield Bonds DH CHF
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.67
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9EP
Robeco European High Yield Bonds DH EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price201.19
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeR030
Robeco European High Yield Bonds DH USD
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.03
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE9EO
Robeco European High Yield Bonds EH EUR
Initial charge3%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.19%
Bid price-
Offer price-
Mid price106.12
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQ7N
Robeco European High Yield Bonds FH CHF
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price103.82
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE8LM
Robeco European High Yield Bonds FH EUR
Initial charge3%
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price121.24
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFC1T
Robeco European High Yield Bonds IH EUR
Initial charge0.5%
Annual charge0.5%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price215.09
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeR031
Robeco European High Yield Bonds ZH EUR
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.03%
Bid price-
Offer price-
Mid price134.83
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGVRW
Data provided by

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