Fact sheet: Wells Fargo WW US STHgYdBd

Fund information
Fund name
Wells Fargo Worldwide US Short Term High Yield Bond I USD
Fund manager company
Wells Fargo
Fund type
Offshore Fund
Fund managers
  • Thomas M. Pricesince 29/06/2012
  • Wells Capsince 29/06/2012
  • Michael J. Schuellersince 29/06/2012
  • Kevin J. Maassince 29/06/2012
Fund objective
The fund seeks total return, consisting of a high level of current income and capital appreciation, by investing primarily in a diversified portfolio of below-investment-grade U.S. corporate debt securities expected to have, under normal circumstances, a weighted average effective maturity of three years or less.
Benchmark
  • BofAML 3-Month LIBOR Constant Maturity Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
3.2%
1 Year rank in sector
5/18
Sector
FO Fixed Int - USD Short/ Medium Maturity
Yield
-
Fund size
£343m (£182m 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.
13
Top in this sector
Fund name1 Year
Allianz EmrgMktsShDuDfBd7.9%
Threadneedle (L)GblEmMtSTBd7%
AXA WF EM Shrt Dur Bds6.9%
Natixis LSShtTmEmgMktsBd5.5%
Wells Fargo WW US STHgYdBd3.2%
...more in FO Fixed Int - USD Short/ Medium Maturity

Performance snapshot

Holdings snapshot

  • International94.8%
    Money Market5.3%
  • Corporate Bonds95.4%
    Money Market4.6%
  • US Corporate Fixed Interest95.4%
    Money Market4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%1%2.1%3.2%7.5%-
Sector0%0.9%2.2%2.8%4.1%7.7%
Rank within sector5 / 217 / 218 / 195 / 181 / 15-
Quartile1st2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund3.4%1.6%0.5%4.3%-
Sector3.3%-0.1%0.4%0.9%3%
Rank within sector7 / 191 / 189 / 161 / 15-
Quartile2nd1st3rd1st
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.
0.9
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.
1.24
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%.
1.93
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.
1.39
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.
0.89
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.
0.5
Price movement
52 week high112.7
52 week low107.5
Current bid price-
Current offer price-
Current mid price112.71
Region
1International94.75%
2Money Market5.25%
Industry sector
1Corporate Bonds95.39%
2Money Market4.61%
Asset type
1US Corporate Fixed Interest95.39%
2Money Market4.61%
Individual holdings
1TENET HEALTHCARE CORPORATION FRN1.26%
2SERVICE CORPORATION INTERNATIONAL 1.23%
3CCO HOLDINGS LLC1.21%
4NXP BV1.21%
5IRON MOUNTAIN, INC.1.18%
6T-MOBILE US INC1.17%
7ARDAGH PACKAGING FINANCE PLC FRN1.14%
8GOODYEAR TIRE & RUBBER CO1.13%
9COTT BEVERAGES, INC.1.11%
Management
Fund manager group
Wells Fargo
Fund manager company
Wells Fargo
Fund type
Offshore Fund
Fund objective
The fund seeks total return, consisting of a high level of current income and capital appreciation, by investing primarily in a diversified portfolio of below-investment-grade U.S. corporate debt securities expected to have, under normal circumstances, a weighted average effective maturity of three years or less.
Benchmark
  • BofAML 3-Month LIBOR Constant Maturity Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Thomas M. Price29/06/2012Thomas Price is managing director and a senior portfolio manager for the Wells Capital Management Fixed Income team. Thomas joined Wells Capital Management from Strong Capital Management, having joined Strong in 1996 as a research analyst and later becoming a portfolio manager in 1998. Prior to Strong, he was a high-yield bond analyst with Northwestern Mutual Life Insurance Company. Thomas began his investment industry career in 1989 with Houlihan, Lokey, Howard & Zukin. He earned a bachelor’s degree in finance from the University of Michigan and a master’s of management degree in finance from the Kellogg Graduate School of Management at Northwestern University. Thomas has earned the right to use the CFA designation.
Wells Cap29/06/2012
Michael J. Schueller29/06/2012Mike Schueller is a portfolio manager and senior research analyst for the Wells Capital Management Fixed Income team. Mike joined Wells Capital Management as a senior investment research analyst from Strong Capital Management where he held a similar position. He rejoined Strong in 2000, having left the firm to start a trust department for Community Bank & Trust in Sheboygan, WI. Mike first joined Strong in 1998 as associate counsel in the legal department. For the three years previous to this, he practiced law with Reinhart, Boerner, Van Deuren, Norris & Rieselbach, S.C. in Milwaukee, WI, specializing in corporate reorganizations, mergers and acquisitions. He earned a bachelor’s degree in economics from the University of Minnesota and a law degree from the University of Wisconsin, Madison. Mike has earned the right to use the CFA designation and is a member of the CFA Society of Milwaukee, Inc.
Kevin J. Maas29/06/2012Kevin Maas is a portfolio manager and senior research analyst for the Wells Capital Management Fixed Income team. Kevin joined Wells Capital Management from Strong Capital Management where he began his investment industry career in 1999 as a high yield analyst. Prior to Strong, he served as a credit analyst in the commercial lending department of Marshall & Ilsley Corporation. Kevin earned a bachelor’s degree in finance from the Carlson School of Management at the University of Minnesota, Twin Cities. He has earned the right to use the CFA designation and is a member of the CFA Society of Milwaukee, Inc.
Compliance
Transparent for Austrian Tax, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Ireland, Italy, Republic Of Korea, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Wells Fargo Worldwide US Short Term High Yield Bond A Gross Dis USD
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.08
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7YD
Wells Fargo Worldwide US Short Term High Yield Bond A Hedged EUR
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price80.76
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFB3T
Wells Fargo Worldwide US Short Term High Yield Bond A USD
Initial charge5%
Annual charge1.3%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price108.88
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG6FP
Wells Fargo Worldwide US Short Term High Yield Bond I Gross Dis USD
Initial charge-
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.83
CurrencyUSD
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7YH
Wells Fargo Worldwide US Short Term High Yield Bond I Hedged CHF
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price89.82
CurrencyCHF
Price updated25/08/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFB1G
Wells Fargo Worldwide US Short Term High Yield Bond I Hedged EUR
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price77.1
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFB1F
Wells Fargo Worldwide US Short Term High Yield Bond I Hedged GBP
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price67.62
CurrencyGBP
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFB1H
Wells Fargo Worldwide US Short Term High Yield Bond I USD
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price-
Offer price-
Mid price112.71
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG6FR
Wells Fargo Worldwide US Short Term High Yield Bond Z Hedged GBP
Initial charge-
Annual charge-
Min single investment£1,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price63.71
CurrencyGBP
Price updated25/08/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFKFF
Wells Fargo Worldwide US Short Term High Yield Bond Z USD
Initial charge-
Annual charge0.6%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.9%
Bid price-
Offer price-
Mid price111.79
CurrencyUSD
Price updated25/08/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF3BW
Data provided by

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