Fact sheet: Royal London JPM Gbl Hi Yield Bd Pn

Fund information
Fund name
Royal London JPM Global High Yield Bond Pn
Fund manager company
RLAM Ltd
Fund type
Pension Fund
Fund managers
  • Thomas Hausersince 01/07/2005
  • Robert Cooksince 01/07/2005
Underlying fund
JPM Global High Yield Bond
Fund objective
The aim of the Fund is to provide high return primarily through a portfolio of fixed-interest securities. The Fund currently invests predominantly in a portfolio of sterling denominated investment grade high yield corporate bonds. The Fund may invest up to 100% in government and other public securities.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
11%
1 Year rank in sector
19/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£0m (£0m 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.
48
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn17.5%
Zurich Royal Lon Stg ExYldBd Pn17%
L&G High Income Pn15.3%
FL AXA Gbl High Inc EP13.7%
L&G Schroder Hi Yield Opps Pn13.7%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA86%
    Luxembourg3%
    Canada2.3%
    Netherlands2%
    Money Market1.8%
  • Communications26.6%
    Non-Cyclical Consumer Goods15.5%
    Cyclical Consumer Goods15.1%
    Technology10.4%
    Energy10.1%
  • US Fixed Interest86%
    Luxembourg Fixed Interest3%
    Canadian Fixed Interest2.3%
    Dutch Fixed Interest2%
    Money Market1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%1.2%6.2%11%7.6%26.3%
Sector1%2%5.7%10.9%15.5%42.6%
Rank within sector34 / 5753 / 5718 / 5719 / 5647 / 4845 / 46
Quartile3rd4th2nd2nd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.8%13%-5.9%0.4%5.3%
Sector3.5%11.2%-0.1%4.4%6.8%
Rank within sector14 / 579 / 5553 / 5347 / 4845 / 48
Quartile1st1st4th4th4th
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.
-3.85
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.
1.33
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%.
6.36
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.
2.9
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.
-0.81
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.
0.84
Price movement
52 week high177.68
52 week low159.45
Current bid price-
Current offer price-
Current mid price177.33
Region
1USA86.02%
2Luxembourg3.04%
3Canada2.26%
4Netherlands1.96%
5Money Market1.8%
6Ireland0.98%
7UK0.98%
8France0.69%
9Cayman Islands0.49%
Industry sector
1Communications26.6%
2Non-Cyclical Consumer Goods15.5%
3Cyclical Consumer Goods15.1%
4Technology10.4%
5Energy10.1%
6Capital Goods7.3%
7Basic Industries5.2%
8Financials2.7%
9Transport2.1%
Asset type
1US Fixed Interest86.02%
2Luxembourg Fixed Interest3.04%
3Canadian Fixed Interest2.26%
4Dutch Fixed Interest1.96%
5Money Market1.8%
6Irish Fixed Interest0.98%
7UK Fixed Interest0.98%
8French Fixed Interest0.69%
9American Emerging Fixed Interest0.49%
Individual holdings
1SOFTBANK 7.88% 15/09/231.8%
2FIRST DATA CORP 5.75% BDS 15/01/24 USD20001.5%
3HCA INC 7.5% BDS 15/02/22 USD20001.3%
4CAESARS ENTERTAINMENT OPERATING CO 9% BDS 15/02/20 USD1000 144A1.2%
5INTELSAT JACKSON HLDGS LTD 7.25% BDS 15/10/20 USD1000 144A1.2%
6SOFTBANK 8.75% 15/03/321.2%
7TENET HEALTHCARE CORP 8.125% BDS 01/04/22 USD2000 144A1.2%
8DISH DBS CORP 5.875% BDS 15/11/24 USD1144A1.1%
9IHEARTMEDIA 6.50% 15/11/221.1%
Management
Fund manager group
No data available.
Fund manager company
RLAM Ltd
Fund type
Pension Fund
Fund objective
The aim of the Fund is to provide high return primarily through a portfolio of fixed-interest securities. The Fund currently invests predominantly in a portfolio of sterling denominated investment grade high yield corporate bonds. The Fund may invest up to 100% in government and other public securities.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Thomas Hauser01/07/2005Present: Vice President, the co-lead portfolio manager within the High Yield Fixed Income Team, responsible for overseeing high yield total return strategies, sub-advising mutual fund assets and absolute return credit products. 2004: Joined the firm. 2001: Worked for 40|86 Advisors, most recently serving as a co-portfolio manager on three mutual funds and as the co-head of the Collateralized Bond Obligation Group. 1993: Worked at Van Kampen Investments, co-managing several high yield mutual funds and leading the high yield trading desk. Education / Qualification: BS (Finance) - Miami (Ohio) University Chartered Financial Analyst (CFA) Member of the Indianapolis Society of Financial Analysts
Robert Cook01/07/2005Robert L. Cook is a Managing Director of J.P. Morgan Investment Management Inc., head of its Fixed Income High Yield Team, and lead portfolio manager for its high yield total return, sub-advised mutual fund assets, and absolute return credit products. In addition, he serves on the Global Macro Team which determines the firm's fixed income views of the global economic landscape and portfolio positioning. Prior to joining JPMIM in 2004, Mr. Cook was co-head of the fixed income investment process at 40|86 Advisors, where he was responsible for managing high yield total return assets and was the director of credit research. Prior to joining 40|86 Advisors in 1994, he worked at PNC Bank's investment banking division in Pittsburgh, Pennsylvania, where he was involved with syndicated loans, mergers and acquisitions, private placements and structured products. Mr. Cook holds a B.S. in finance from Indiana University. He is a CFA charter holder and a member of the Indianapolis Society of Financial Analysts.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London JPM Global High Yield Bond Pn
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.3%
Total expense ratio (TER)2.3%
Bid price-
Offer price-
Mid price177.334
CurrencyGBX
Price updated22/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeA1R2
Data provided by

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