Fact sheet: SKY Hrb Gl Fd US Hi Yield

Fund information
Fund name
SKY Harbor Global Funds US High Yield B Cap USD
Fund manager company
SKY Harbor Capital Management
Fund type
Offshore Fund
Fund manager
  • Hannah Strassersince 05/04/2012
Fund objective
To outperform the broad US high yieldmarket over a full market cycle with lessvolatility through investing across the fullmaturity spectrum of the US belowinvestment-gradedebt market. The Fundprincipally invests in a diversified portfolioof high yield debt securities issued bycompanies domiciled or listed in the US.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.9%
1 Year rank in sector
13/46
Sector
FO Fixed Int - USD High Yield
Yield
-
Fund size
£0m
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.
72
Top in this sector
Fund name1 Year
Candriam GFUS HiYld Corp Bd29.4%
Old Mutual MtyInc HiYdBd26%
Allianz US Hi Yd24.6%
UBS LBdSICVAsnHiYld$13.3%
GS AsHiYiBoPo12%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%6.3%10.2%8.9%10.8%-
Sector0.2%4.6%7.8%7.8%10.5%35.9%
Rank within sector8 / 467 / 468 / 4613 / 4616 / 33-
Quartile1st1st1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund12.1%-5%0.8%8.2%-
Sector10.1%-3.1%0.7%6.2%14.1%
Rank within sector10 / 4628 / 4117 / 337 / 32-
Quartile1st3rd3rd1st
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.
-0.25
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.
1.05
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.
0.04
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%.
5.47
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.
0.98
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.
-0.06
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.
0.97
Price movement
52 week high124.31
52 week low105.31
Current bid price-
Current offer price-
Current mid price124.08
Region
1International100%
Industry sector
1B-23%
2CCC19%
3B15%
4BB-14%
5B+10%
6BB10%
7BB+5%
8BBB-2%
9C1%
Asset type
1Global High Yield Fixed Interest100%
Individual holdings
1SPRINT CAPITAL CORP2.12%
2HCA HLDGS INC1.32%
3FRONTIER COMM1.16%
4CASELLA WASTE SYSTEMS1.12%
5VALEANT PHARMACEUTICALS INTL INC1.07%
6FREEPORT-MC C&G0.98%
7ARCELORMITTAL SA0.87%
8RUBY TUESDAY INC0.86%
9CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP0.8%
Management
Fund manager group
SKY Harbor Capital Management
Fund manager company
SKY Harbor Capital Management
Fund type
Offshore Fund
Fund objective
To outperform the broad US high yieldmarket over a full market cycle with lessvolatility through investing across the fullmaturity spectrum of the US belowinvestment-gradedebt market. The Fundprincipally invests in a diversified portfolioof high yield debt securities issued bycompanies domiciled or listed in the US.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Index
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Hannah Strasser05/04/2012Hannah Strasser, a founder and Managing Director of SKY Harbor Capital Management, LLC, has 30 years of investment experience. Previously, Ms. Strasser was Head of US Fixed Income at AXA Investment Managers and senior portfolio manager for the core high yield strategy.Prior to AXA IM, she was a founder and co-head of high yield at Cardinal Capital Management, co-head of the high yield group at Deltec Asset Management and a high yield credit analyst at Kidder Peabody and Donaldson, Lufkin & Jenrette. She holds a B.A. from Amherst College and was awarded the Chartered Financial Analyst designation.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
SKY Harbor Global Funds US High Yield A Cap USD
Initial charge-
Annual charge0.45%
Min single investment£65,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price125.77
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIQ
SKY Harbor Global Funds US High Yield A Hedged Cap CHF
Initial charge-
Annual charge0.45%
Min single investment£65,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price121.08
CurrencyCHF
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIN
SKY Harbor Global Funds US High Yield A Hedged Cap EUR
Initial charge-
Annual charge0.45%
Min single investment£65,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price123.17
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIO
SKY Harbor Global Funds US High Yield B Cap USD
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price124.08
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIV
SKY Harbor Global Funds US High Yield B Hedged Cap EUR
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price121.4
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIS
SKY Harbor Global Funds US High Yield B Hedged Cap NOK
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price121.05
CurrencyNOK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIU
SKY Harbor Global Funds US High Yield F Cap USD
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.6
CurrencyUSD
Price updated27/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFXKJ
SKY Harbor Global Funds US High Yield F Hedged Cap EUR
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price114.53
CurrencyEUR
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIX
SKY Harbor Global Funds US High Yield F Hedged Cap SEK
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.29%
Bid price-
Offer price-
Mid price120.29
CurrencySEK
Price updated27/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFAIY
Data provided by

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