Fact sheet: Sparinvest Corpt Value Bonds

Fund information
Fund name
Sparinvest Corporate Value Bonds EUR R
Fund manager company
Sparinvest (LUX)
Fund type
Offshore Fund
Fund manager
  • Team Managedsince 02/05/2011
Fund objective
The Sub-Fund aims at providing a positive return over the long term by investing in high yield corporate bonds. The Sub-Fund invests at least 2/3 of its total net assets in high yield corporate bonds listed on an exchange and/or traded on a Regulated Market within OECD countries, EU Member States, Singapore or Hong Kong. The high yield corporate bonds are to be rated less than Baa3/BBB- by Moody’s, Standard & Poor’s or Fitch. The Sub-Fund applies an ethical screening done by ISS-Ethix Consultants that identifies the companies that do not fulfill an ethical framework, and they are excluded. Companies with controversial activities, such as production of combat equipment, alcohol, gambling, tobacco and pornography do not qualify for investment..
Benchmark
  • The Bofa Merrill Lynch Global High Yield (CHF Hedged)
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
8.1%
1 Year rank in sector
50/74
Sector
FO Fixed Int - Global High Yield
Yield
0.2%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.69%
Fund size
£143m (£158m 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
Pioneer SICV-Gbl Hi Yld26.7%
Natixis LoomsSyles HInc17.7%
Fidelity Gbl Hi Yld16.3%
Franklin High Yield15.4%
LM WA Gbl Hi Yd15.1%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA57.3%
    Others10.4%
    UK6.8%
    Brazil5.5%
    Canada4.5%
  • Consumer Discretionary16.9%
    Energy15.8%
    Health Care12.7%
    Materials9.8%
    Information Technology9.3%
  • US Fixed Interest57.3%
    Global Fixed Interest10.4%
    UK Fixed Interest6.8%
    Brazilian Fixed Interest5.5%
    Canadian Fixed Interest4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%2.1%3.8%8.1%-0.1%18.7%
Sector1.3%1.8%3.2%10.2%10%29%
Rank within sector41 / 9028 / 8733 / 7850 / 7455 / 5938 / 44
Quartile2nd2nd2nd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund3.2%4.4%-8.1%3.9%2.8%
Sector2.8%11.4%-2.5%1.4%5.2%
Rank within sector36 / 8466 / 7158 / 6412 / 5842 / 47
Quartile2nd4th4th1st4th
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.
-3.03
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
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%.
6.44
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.
4.35
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.
-0.72
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.
0.54
Price movement
52 week high126.45
52 week low114.75
Current bid price-
Current offer price-
Current mid price125.91
Region
1USA57.33%
2Others10.36%
3UK6.84%
4Brazil5.53%
5Canada4.51%
6Money Market4.2%
7Luxembourg2.54%
8Netherlands2.29%
9Russia1.94%
Industry sector
1Consumer Discretionary16.89%
2Energy15.75%
3Health Care12.72%
4Materials9.84%
5Information Technology9.33%
6Telecommunications7.27%
7Financials7.04%
8Industrials6.64%
9Consumer Staples5.02%
Asset type
1US Fixed Interest57.33%
2Global Fixed Interest10.36%
3UK Fixed Interest6.84%
4Brazilian Fixed Interest5.53%
5Canadian Fixed Interest4.51%
6Money Market4.2%
7Luxembourg Fixed Interest2.54%
8Dutch Fixed Interest2.29%
9Russian Fixed Interest1.94%
Individual holdings
18,00% MARFRIG HOLDING 20231.48%
2COMPASS MINERALS INTERNATIONAL INC 4.875% BDS 15/07/24 USD1000 144A1.45%
37,88% AMAG PHARMACEUT 20231.37%
4HCA INC 5.875% BDS 01/05/23 USD20001.22%
5PETROBRAS GLOBAL FINANCE BV 4.75 01/14/20251.16%
6MICRON TECHNOLOGY INC 5.25% BDS 01/08/23 USD20001.14%
74,88% SIX FLAGS ENTER 20241.13%
8BRASKEM FINANCE LTD 5.75% NTS 15/04/21 USD1000 144A1.12%
9SALAMANDER ENERGY PLC 9.75% BDS 06/01/20 USD200000 REG S1.07%
Management
Fund manager group
Sparinvest
Fund manager company
Sparinvest (LUX)
Fund type
Offshore Fund
Fund objective
The Sub-Fund aims at providing a positive return over the long term by investing in high yield corporate bonds. The Sub-Fund invests at least 2/3 of its total net assets in high yield corporate bonds listed on an exchange and/or traded on a Regulated Market within OECD countries, EU Member States, Singapore or Hong Kong. The high yield corporate bonds are to be rated less than Baa3/BBB- by Moody’s, Standard & Poor’s or Fitch. The Sub-Fund applies an ethical screening done by ISS-Ethix Consultants that identifies the companies that do not fulfill an ethical framework, and they are excluded. Companies with controversial activities, such as production of combat equipment, alcohol, gambling, tobacco and pornography do not qualify for investment..
Benchmark
  • The Bofa Merrill Lynch Global High Yield (CHF Hedged)
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Team Managed02/05/2011At TOBAM, all portfolios are team-managed by the Portfolio Management and Research team. TOBAM’s portfolio management activities have always been based in Paris and led by the same team since the firm’s inception in 2006, which has grown overtime and currently includes 14 experienced professionals.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Denmark, Finland, France, Faroe Islands, United Kingdom, Greenland, Luxembourg, Netherlands, Norway, Offshore, Sweden
Sparinvest Corporate Value Bonds CHF R
Initial charge2%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.65%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price136.46
CurrencyCHF
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE08M
Sparinvest Corporate Value Bonds DKK R
Initial charge2%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.65%
Bid price-
Offer price-
Mid price934.94
CurrencyDKK
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE08N
Sparinvest Corporate Value Bonds EUR I
Initial charge-
Annual charge0.65%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)0.89%
Bid price-
Offer price-
Mid price130
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNML3
Sparinvest Corporate Value Bonds EUR ID
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.05%
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price117.07
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE08L
Sparinvest Corporate Value Bonds EUR R
Initial charge2%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price125.91
CurrencyEUR
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNML4
Sparinvest Corporate Value Bonds EUR RD
Initial charge2%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price114.07
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE08J
Sparinvest Corporate Value Bonds EUR RX
Initial charge2%
Annual charge0.63%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price127.17
CurrencyEUR
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE08K
Sparinvest Corporate Value Bonds SEK ID
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.03%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price1101.97
CurrencySEK
Price updated26/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE08Q
Sparinvest Corporate Value Bonds SEK R
Initial charge2%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.69%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price1100.37
CurrencySEK
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2XI
Sparinvest Corporate Value Bonds SEK RD
Initial charge2%
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.72%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price1072.84
CurrencySEK
Price updated26/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE08O
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.