Fact sheet: StanLife Inv Eurpn HiYld Bd

Fund information
Fund name
Standard Life Investments European High Yield Bond A EUR
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund managers
  • Fraser Duffsince 01/06/2016
Fund objective
The fund aims to achieve long term growth from capital gains and the reinvestment of income generated by investing primarily in euro-denominated high yielding bonds. The fund is actively managed by our investment team who may also invest in other bonds (such as investment grade corporate bonds and government bonds) to try to take advantage of the opportunities they have identified. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund may use derivatives to reduce risk or cost, or to generate additional capital or income at low risk, or to meet its investment objective. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • ML EURO NON-FINANCIAL HIGH YIELD CONSTRAINED INDEX
Investment style
Active,High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
7.1%
1 Year rank in sector
16/27
Sector
FO Fixed Int - EUR High Yield
Yield
-
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.
1.59%
Fund size
£59m (£64m 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.
60
Top in this sector
Fund name1 Year
Pioneer SICV-Eur Hi Yd25.9%
Aberdeen Gbl SelEurHiYdBd25.2%
Nordea 1 Europ HgYdBd II9.7%
Schroder ISF EURO Hi Yd9.3%
Oddo CmpsEuHiYdBd9.1%
...more in FO Fixed Int - EUR High Yield

Performance snapshot

Holdings snapshot

  • Europe100%
  • Industrials42.7%
    Telecom, Media & Technology17.2%
    Financials9%
    Consumer Services8.1%
    Others7.5%
  • European Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%4.1%5%7.1%12.9%50.3%
Sector-0.4%4.3%4.9%7%14.3%51.4%
Rank within sector5 / 2715 / 279 / 2716 / 2715 / 2314 / 19
Quartile1st3rd2nd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.2%1.3%1.7%8.9%21.3%
Sector6.2%0.8%3.2%8.3%22.4%
Rank within sector12 / 2712 / 2720 / 237 / 2216 / 20
Quartile2nd2nd4th2nd4th
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.
-0.48
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.
1.01
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.
0.29
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%.
4.35
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.
0.8
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.
-0.53
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 high17.94
52 week low16
Current bid price-
Current offer price-
Current mid price17.63
Region
1Europe100%
Industry sector
1Industrials42.7%
2Telecom, Media & Technology17.2%
3Financials9%
4Consumer Services8.1%
5Others7.5%
6Paper - Packaging & Printing6.2%
7Transport4.2%
8Food, Beverages and Tobacco3%
9Services1.4%
Asset type
1European Fixed Interest100%
Individual holdings
1AREVA(CI) 3.125% MTN 20/03/23 EUR1000002.5%
2TELECOM ITALIA SPA(NEW) 5.375% EUR MED TRM NTS 29/1/19 EUR1000002.1%
3CPUK FINANCE LTD 7% BDS 28/08/20 GBP1000001.7%
4VRX ESCROW CORP 4.5% BDS 15/05/23 EUR100000144A1.7%
5ALTICE SA 7.25% BDS 15/05/22 EUR1000001.6%
6SAMVARDHANA MOTHERSON AUTO SYST 4.125% MTN 15/07/21 EUR100000REG S1.6%
7THOMAS COOK FINANCE PLC 7.75% BDS 15/06/20 EUR100000REG S1.6%
8ZF NORTH AMERICA CAPITAL INC 2.75% BDS 27/04/23 EUR1000001.6%
9THYSSENKRUPP AG 4% MTN 27/08/18 EUR10001.5%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund objective
The fund aims to achieve long term growth from capital gains and the reinvestment of income generated by investing primarily in euro-denominated high yielding bonds. The fund is actively managed by our investment team who may also invest in other bonds (such as investment grade corporate bonds and government bonds) to try to take advantage of the opportunities they have identified. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund may use derivatives to reduce risk or cost, or to generate additional capital or income at low risk, or to meet its investment objective. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • ML EURO NON-FINANCIAL HIGH YIELD CONSTRAINED INDEX
Investment style
Active,High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Fraser Duff01/06/2016Fraser joined Standard Life Investments in 2011 and is an Investment Director in the Credit team. He is the Lead Manager of the Ignis High Income Fund and also has responsibility for companies specialising in the Healthcare and Pharmaceutical sectors across the full bond spectrum. Previously, Fraser spent four years at Lehman Brothers as analyst and industry specialist for the Healthcare, Pharmaceuticals, and Chemicals sectors. He also worked for Deloitte, Edinburgh as an Assistant Manager in Assurance & Advisory Department. Fraser has 12 years’ experience in the industry, is a CFA Charterholder, a Chartered Accountant (CA) and holds a PhD in synthetic organic chemistry from Heriot-Watt University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Hong Kong, Luxembourg, Offshore
Standard Life Investments European High Yield Bond A EUR
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price17.6262
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDWR8
Standard Life Investments European High Yield Bond A HKD
Initial charge5%
Annual charge1.35%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.59%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price153.4582
CurrencyHKD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEPY7
Standard Life Investments European High Yield Bond D EUR
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price19.1157
CurrencyEUR
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeDWR9
Standard Life Investments European High Yield Bond D HKD
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price166.426
CurrencyHKD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEPY8
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