Fact sheet: T. Rowe Price EurHiYdBd

Fund information
Fund name
T. Rowe Price European High Yield Bond Q EUR
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund manager
  • Michael Della Vedovasince 20/09/2011
Fund objective
To maximise the value of its shares through both growth in the value of, and income from, its investments. The fund invests mainly in a diversified portfolio of high yield corporate bonds that are denominated in European currencies. The fund may use derivatives for hedging, efficient portfolio management and to seek gains. The fund may also use derivatives to create synthetic short positions in debt securities and credit indices.
Benchmark
  • BofA Merrill Lynch European Currency High Yield constrained index ex sub-financials
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
10.2%
1 Year rank in sector
-
Sector
FO Fixed Int - Europe
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.
0.77%
Fund size
£605m (£155m 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.
61
Top in this sector
Fund name1 Year
Robeco Eurpn Hi Yld Bds11.1%
Fidelity Inst Eur Hi Yld10.5%
T. Rowe Price EurHiYdBd10.2%
Morg Stnly Erpn Cur HiYd Bd10.2%
F&C European High Yield Bond9.8%
...more in FO Fixed Int - Europe

Performance snapshot

Holdings snapshot

  • UK18.2%
    Luxembourg14.3%
    Germany11.5%
    Italy9.5%
    Netherlands9.4%
  • Media19.4%
    Others13.1%
    Leisure11.4%
    Services8.4%
    Paper - Packaging & Printing7%
  • UK Fixed Interest18.2%
    Luxembourg Fixed Interest14.3%
    German Fixed Interest11.5%
    Italian Fixed Interest9.5%
    Dutch Fixed Interest9.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%4%5.2%10.2%25.5%67.8%
Sector0.2%2.8%3.7%5.6%13.5%30.8%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund7.3%5.7%5.7%11.9%21.8%
Sector4.7%1.1%5.2%4.2%11.7%
Rank within sector-----
Quartile
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.
2.13
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.
1.4
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.
1.15
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%.
4.42
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.
2.5
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.
1.56
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.
0.74
Price movement
52 week high11.94
52 week low10.69
Current bid price-
Current offer price-
Current mid price11.84
Region
1UK18.2%
2Luxembourg14.3%
3Germany11.5%
4Italy9.5%
5Netherlands9.4%
6Others8.1%
7France7.4%
8USA6.5%
9Switzerland4%
Industry sector
1Media19.4%
2Others13.1%
3Leisure11.4%
4Services8.4%
5Paper - Packaging & Printing7%
6Basic Industries6.2%
7Retail5.1%
8Wireless & Mobile Communications5%
9Financial Services4.4%
Asset type
1UK Fixed Interest18.2%
2Luxembourg Fixed Interest14.3%
3German Fixed Interest11.5%
4Italian Fixed Interest9.5%
5Dutch Fixed Interest9.4%
6Global Fixed Interest8.1%
7French Fixed Interest7.4%
8US Fixed Interest6.5%
9Swiss Fixed Interest4%
Individual holdings
1ARQIVA BROADCAST HOLDINGS 9.5% MTN 31/03/20 GBP100000 REG S3.19%
2INTRALOT FINANCE LUXEMBOURG SA 9.75% NTS 15/08/18 EUR100000 REG S3.17%
3JH-HOLDING FIN. PIK 8.25%2.76%
4ALTICE SA 7.25% BDS 15/05/22 EUR100000REG S2.61%
5ONEX WIZARD ACQUISITION CO II 7.75% NTS 15/02/23 EUR100000REG S2.61%
6HORIZON HOLDINGS I SASU 7.25% NTS 01/08/23 EUR1000 REG S2.37%
7CONTOURGLOBALPWR HLDGS SA 5.125% NTS 16/06/21 EUR1000002.28%
8LSF9 BALTA ISSUER SA 7.75% BDS 15/09/22 EUR100000REG S2%
9LGE HOLDCO VI BV 7.125% BDS 15/05/24 EUR1000001.94%
Management
Fund manager group
T. Rowe Price
Fund manager company
T. Rowe Price
Fund type
Offshore Fund
Fund objective
To maximise the value of its shares through both growth in the value of, and income from, its investments. The fund invests mainly in a diversified portfolio of high yield corporate bonds that are denominated in European currencies. The fund may use derivatives for hedging, efficient portfolio management and to seek gains. The fund may also use derivatives to create synthetic short positions in debt securities and credit indices.
Benchmark
  • BofA Merrill Lynch European Currency High Yield constrained index ex sub-financials
Investment style
High Yield
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Michael Della Vedova20/09/2011Michael Della Vedova is a European high yield portfolio manager/analyst in the Fixed Income Division. He 5 years of experience with T.Rowe and 21 years of investment experiance. He has completed his LPC in University of Technology, Sydney and Bachelor of Law and Bachelor of Commerce, University of New South Wales.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Ireland, Iceland, Italy, Lithuania, Luxembourg, Latvia, Netherlands, Norway, Offshore, Portugal, Singapore, Sweden
T. Rowe Price European High Yield Bond A EUR
Initial charge5%
Annual charge1.15%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price16.49
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0DMS
T. Rowe Price European High Yield Bond A USD
Initial charge5%
Annual charge1.15%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price18.5
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0DMT
T. Rowe Price European High Yield Bond AD EUR
Initial charge5%
Annual charge1.15%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price10.22
CurrencyEUR
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQZK
T. Rowe Price European High Yield Bond AH CHF
Initial charge5%
Annual charge1.15%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price10.66
CurrencyCHF
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMQPV
T. Rowe Price European High Yield Bond Adh USD
Initial charge5%
Annual charge1.15%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price-
Offer price-
Mid price10.36
CurrencyUSD
Price updated29/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQZD
T. Rowe Price European High Yield Bond I EUR
Initial charge-
Annual charge0.6%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price17.01
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DMU
T. Rowe Price European High Yield Bond I USD
Initial charge-
Annual charge0.6%
Min single investment£2,500,000
Min regular saving£100,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price19.08
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0DMV
T. Rowe Price European High Yield Bond Q EUR
Initial charge-
Annual charge0.6%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price11.84
CurrencyEUR
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK6ZG
T. Rowe Price European High Yield Bond QH CHF
Initial charge-
Annual charge0.6%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price10.61
CurrencyCHF
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMGPY
T. Rowe Price European High Yield Bond Qh USD
Initial charge-
Annual charge0.6%
Min single investment£15,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.77%
Total expense ratio (TER)0.77%
Bid price-
Offer price-
Mid price10.81
CurrencyUSD
Price updated29/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMVUO
Data provided by

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