Fact sheet: Eastspring Inv AHYBd

Fund information

Fund name
Eastspring Inv Asian High Yield Bond R USD
Fund company manager
Eastspring Investments (Lux) S
Fund type
SIB
Fund manager(s)
Wai Mei Leong
since 03/10/2011
Fund objective
This Sub-Fund invests in a diversified portfolio consisting primarily of high yield fixed income / debt securities issued by Asian entities or their subsidiaries. This Sub-Fund’s portfolio primarily consists of securities denominated in US dollars as well as the various Asian currencies and aims to maximize total returns through investing primarily in fixed income / debt securities rated below BBB-. This Sub-Fund may invest up to 20% of its net assets in ABS, MBS, Contingent Convertible Bonds (“CoCos”), Distressed Securities and Defaulted Securities, with a limit of 10% for Distressed Securities and Defaulted Securities combined. In addition, this Sub-Fund may invest up to 10% of its net assets in synthetic fixed income instruments (including credit-linked notes). It may also hold up to 10% of its net assets in equity securities to the extent that such securities result from the conversion or exchange of a preferred stock or debt obligation. This Sub-Fund may make investments up to 10% of its net assets in Chinese onshore debt securities through the China interbank bond market direct access program (the “CIBM Direct Access Program”) and/or China Hong Kong Bond Connect (“Bond Connect”).
Benchmark
JACI Non-Investment Grade Index
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

5.49 %

1 Year rank in sector

20/30

Sector

FO Fixed Int - Asia Pacific

Yield
-
Fund size

£ 194.4 m

FE Risk score

89

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • China
    45.5%
  • India
    11.1%
  • Money Market
    9.2%
  • Indonesia
    8.6%
  • Hong Kong
    7.8%
  • Real Estate
    37.4%
  • Money Market
    23.6%
  • Government Bonds
    10.9%
  • Banks
    6.2%
  • Mineral Extraction
    5.5%
  • Chinese Fixed Interest
    45.5%
  • Indian Fixed Interest
    11.1%
  • Money Market
    9.2%
  • Indonesian Fixed Interest
    8.6%
  • Asia Pacific Emerging Fixed Interest
    7.9%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.19 %2.43 %5.49 %20.12 %28.84 %
Sector0.29 %1.63 %6.09 %8.73 %9.39 %
Rank within sector25 / 3211 / 3020 / 306 / 22 /
Quartile th4 th2 nd3 rd2 nd th

Calendar performance

YTD-20172016201520142013
Fund5.36 %11.85 %3.06 %5.73 %-0.15 %
Sector6.39 %4.65 %-2.04 %3.68 %-3.34 %
Rank within sector21 / 305 / 273 / 228 / 212 / 18
Quartile th3 rd1 st1 st2 nd1 st

Risk statistics

Alpha3.34
Beta0.99
Sharpe0.44
Volatility5.27
Tracking error3.02
Information ratio1.08
R-Squared0.67

Price movement

52 week high12.973
52 week low12.197
Current bid price0
Current offer price0
Current mid price12.895

Holdings by region

  • 45.5% China
  • 11.1% India
  • 9.2% Money Market
  • 8.6% Indonesia
  • 7.8% Hong Kong
  • 6% Sri Lanka
  • 5.1% Philippines
  • 2.8% Macau
  • 2% Mongolia
  • 1.9% Pakistan

Holdings by sector

  • 37.4% Real Estate
  • 23.6% Money Market
  • 10.9% Government Bonds
  • 6.2% Banks
  • 5.5% Mineral Extraction
  • 4.4% Financials
  • 3.6% Transport
  • 3.4% Utilities
  • 2.8% Oil & Gas
  • 2.2% Hotels

Holdings by asset type

  • 45.5% Chinese Fixed Interest
  • 11.1% Indian Fixed Interest
  • 9.2% Money Market
  • 8.6% Indonesian Fixed Interest
  • 7.9% Asia Pacific Emerging Fixed Interest
  • 7.8% Hong Kong Fixed Interest
  • 5.1% Philippine Fixed Interest
  • 4.8% Asia Pacific Fixed Interest

Individual holdings

  • 2.07% CHINA EVERGRANDE GROUP 6.25% MTN 28/06/21 USD1000
  • 1.98% CHINA EVERGRANDE GROUP 8.75% MTN 28/06/25 USD1000
  • 1.77% GREENLAND GLOBAL INV 3.5% BDS 06/09/19 USD200000
  • 1.33% PROVEN HONOUR CAPITAL LTD 4.125% BDS 06/05/26 USD200000
  • 1.28% CIFI HLDGS GROUP CO LTD 5.375% UNDATED BDS USD200000
  • 1.19% CHINA EVERGRANDE GROUP 7.5% MTN 28/06/23 USD1000
  • 1.14% KAISA GROUP HLDGS LTD 0% MTN 31/12/22 USD1000
  • 1.13% SHIMAO PROPERTY HOLDINGS 8.375% NTS 10/02/22 USD200000
  • 1.12% GMR HYDERABAD INTL AIRPORT LIMITED 4.25% SRN 27/10/27 USD200000REG S
  • 1.07% LONGFOR PROPERTIES CO LTD 6.75% BDS 29/01/23 USD200000