Fact sheet: Shenkman FinsburyHiInc

Fund information
Fund name
Shenkman Finsbury High Income A Acc USD
Fund manager company
Shenkman Capital Management In
Fund type
OEIC
Fund managers
  • Mark Shenkmansince 30/06/2011
  • Bob Kricheffsince 16/06/2013
Fund objective
The Shenkman Finsbury High Income Fund (the "Fund") seeks to achieve maximum total return (i.e, current income and capital appreciation). The Fund invests primarily (at least 80% of its net asset value) in fixed income high yield securities (i.e, corporate bonds rated below BBB-/Baa3 by a ratings agency). A ratings agency give a below investment grade rating when it believes there is a relatively high risk that the issuer of the bond will not be able to make payments when due under the bond. The majority's of the Fund's investments are issued by U.S. companies and designated in U.S. dollars. The Fund may also invest up to 20% of its net asset value in fixed income high yield securities of non-U.S. issuers (other than emerging markets) or fixed income high yield securities designated in currencies other than U.S. dollars. An emerging market country is considered to have social or business activities in the process of rapid growth. The Fund may hold fixed income securities (i.e, corporate bonds) of any quality, any of which may be of low, medium or high exposure to fluctuations in the market, and may also invest in fixed income securities that are not rated or that are rated BBB-/Baa3 or above (i.e., investment grade rated). A ratings agency gives an investment grade rating when it believe there is a relatively low risk that the issuer of bonds will be unable to make payments when due under the bond.
Benchmark
  • BofA/Merrill Lynch US High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
9%
1 Year rank in sector
28/43
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.
83
Top in this sector
Fund name1 Year
Allianz US HiYd32.1%
Candriam GFUS HiYld Corp Bd32.1%
Old Mutual MtyInc HiYdBd27.8%
Nomura US Hg Yld Bd13.9%
SKY Hrb Gl Fd US Hi Yield11.9%
...more in FO Fixed Int - USD High Yield

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.2%4.4%9%9.8%28.3%
Sector0.8%1.1%5.4%9.2%9%32.8%
Rank within sector28 / 4529 / 4330 / 4328 / 4315 / 3415 / 23
Quartile3rd3rd3rd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund10.6%-2.8%1.7%4.1%12.1%
Sector11.2%-3.1%0.7%6.2%14.1%
Rank within sector27 / 4316 / 3913 / 3429 / 3318 / 24
Quartile3rd2nd2nd4th3rd
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.
0.2
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.
1.03
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%.
5.25
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.
1.05
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.
0.26
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.
0.96
Price movement
52 week high1292.12
52 week low1109.22
Current bid price-
Current offer price-
Current mid price1278.21
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
No data available.
Fund manager company
Shenkman Capital Management In
Fund type
OEIC
Fund objective
The Shenkman Finsbury High Income Fund (the "Fund") seeks to achieve maximum total return (i.e, current income and capital appreciation). The Fund invests primarily (at least 80% of its net asset value) in fixed income high yield securities (i.e, corporate bonds rated below BBB-/Baa3 by a ratings agency). A ratings agency give a below investment grade rating when it believes there is a relatively high risk that the issuer of the bond will not be able to make payments when due under the bond. The majority's of the Fund's investments are issued by U.S. companies and designated in U.S. dollars. The Fund may also invest up to 20% of its net asset value in fixed income high yield securities of non-U.S. issuers (other than emerging markets) or fixed income high yield securities designated in currencies other than U.S. dollars. An emerging market country is considered to have social or business activities in the process of rapid growth. The Fund may hold fixed income securities (i.e, corporate bonds) of any quality, any of which may be of low, medium or high exposure to fluctuations in the market, and may also invest in fixed income securities that are not rated or that are rated BBB-/Baa3 or above (i.e., investment grade rated). A ratings agency gives an investment grade rating when it believe there is a relatively low risk that the issuer of bonds will be unable to make payments when due under the bond.
Benchmark
  • BofA/Merrill Lynch US High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mark Shenkman30/06/2011Mark R. Shenkman founded Shenkman Capital Management, Inc. in 1985. With 44 years of investment experience, and 36 years of high yield investment experience, he is considered one of the pioneers of the high yield bond and loan markets. He is a co-author of two textbooks on the high yield market, entitled High Yield Bonds: Market Structure, Portfolio Management and Credit Risk Modeling (McGraw Hill, 1999) and Leveraged Financial Markets (McGraw Hill, 2010). He was President and Chief Investment Officer of First Investors Asset Management in New York. He also was Co-Manager and Vice President of the High Yield Bond Department at Lehman Brothers Kuhn Loeb in New York, where he established one of Wall Street’s earliest departments dedicated to the research, selling and trading of high yield securities. He was a research analyst and an equity portfolio manager at Fidelity Management and Research Company in Boston. From 1977 to 1979, he managed the first high yield bond mutual funds at Fidelity. Additionally, He is Chairman of the Board of Directors of the UCONN Foundation. He is a member of the Board of Trustees at The George Washington University; Vice Chairman of the Board at Wilbraham & Monson Academy for the past 41 years; and he currently serves on the College of William and Mary, Mason School of Business Board of Advisors. He is also on the Board of Directors of the Hillel Foundation in Washington D.C. He received a B.A. in Political Science from the University of Connecticut (1965) and an M.B.A. from The George Washington University (1967). He also received a Doctor of Humane Letters, honoris causa, from the University of Connecticut (2007).
Bob Kricheff16/06/2013Bob Kricheff joined Shenkman Capital in 2013. He has 25 years of investment research and strategy experience in leveraged finance. Prior to joining Shenkman Capital, he was Managing Director and Head of the Americas High Yield Sector Strategy for Credit Suisse. During his distinguished tenure at Credit Suisse, he worked as a high yield analyst where he covered the media, cable, satellite, telecom, gaming, entertainment, and healthcare, as well as emerging market companies along with having overseen high yield strategy. Additionally, he has published one textbook and two e-books on topics related to leveraged finance and its analysis. He received a Bachelor of Arts degree in Economics from New York University and a Master of Science in Financial Economics from the University of London’s School of Oriental and African Studies
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Shenkman Finsbury High Income A Acc USD
Initial charge2%
Annual charge0.74%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1278.2053
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKCFD
Shenkman Finsbury High Income A Hedged Acc EUR
Initial charge2%
Annual charge0.74%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price856.6032
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKCEZ
Shenkman Finsbury High Income A Hedged Acc GBP
Initial charge2%
Annual charge0.74%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price787.4233
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKAKU
Shenkman Finsbury High Income A Hedged Acc NOK
Initial charge2%
Annual charge0.74%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price6460.2557
CurrencyNOK
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKCEY
Shenkman Finsbury High Income A Hedged Inc EUR
Initial charge2%
Annual charge0.74%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price892.0577
CurrencyEUR
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKVMW
Shenkman Finsbury High Income A Hedged Inc GBP
Initial charge2%
Annual charge0.74%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price624.9622
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKCFE
Shenkman Finsbury High Income A Inc USD
Initial charge2%
Annual charge0.74%
Min single investment£1,000,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price943.1109
CurrencyUSD
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKCFC
Data provided by

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