Fact sheet: Investec HiIncBd

Fund information

Fund name
Investec European High Yield Bond C Inc-2 EUR
Fund company manager
Investec Asset Management Luxe
Fund type
SIB
Fund manager
Garland Hansmann
since 01/04/2015
Fund objective
The Fund aims to provide an income and capital return in excess of that which is generated by prevailing European high yield bond indices over the long term. The Fund seeks to achieve its objective by investing primarily in a diversified portfolio of higher interest rate bearing fixed interest securities (which may be Investment Grade and Non-Investment Grade) issued by European Borrowers and derivatives which offer exposure to such securities. The currency mix of denominations may be varied, reflecting the Investment Manager’s assessment of likely exchange rate movements at any time.
Benchmark
ML European Currency High Yield Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

4.53 %

1 Year rank in sector

22/27

Sector

FO Fixed Int - EUR High Yield

Yield

4.3853

Fund size

£ 170.5 m

FE Risk score

29

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    23.4%
  • USA
    20.3%
  • Germany
    8.4%
  • France
    7.8%
  • Netherlands
    6.8%
  • High Yield Bond
    94%
  • Investment Grade Corporate Bonds
    3.2%
  • Money Market
    2.4%
  • Foreign Exchange
    0.4%
  • UK Fixed Interest
    23.4%
  • US Fixed Interest
    20.3%
  • German Fixed Interest
    8.4%
  • French Fixed Interest
    7.8%
  • Dutch Fixed Interest
    6.8%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.71 %2.73 %4.53 %9.82 %21.72 %
Sector0.93 %3.34 %5.88 %12.95 %37 %
Rank within sector20 / 2820 / 2822 / 2720 / 2520 / 22
Quartile th3 rd3 rd4 th4 th4 th

Calendar performance

YTD-20172016201520142013
Fund4 %7.58 %-0.97 %0.81 %3.22 %
Sector4.35 %7.95 %0.85 %3.16 %8.32 %
Rank within sector17 / 2812 / 2725 / 2722 / 2521 / 22
Quartile th3 rd2 nd4 th4 th4 th

Risk statistics

Alpha-1.05
Beta1.08
Sharpe-0
Volatility4.69
Tracking error1.15
Information ratio-0.67
R-Squared0.94

Price movement

52 week high16.9
52 week low16.28
Current bid price0
Current offer price0
Current mid price16.78

Holdings by region

  • 23.4% UK
  • 20.3% USA
  • 8.4% Germany
  • 7.8% France
  • 6.8% Netherlands
  • 5.1% Italy
  • 4.1% Ireland
  • 4% Switzerland
  • 3.7% Spain
  • 2.7% Belgium

Holdings by sector

  • 94% High Yield Bond
  • 3.2% Investment Grade Corporate Bonds
  • 2.4% Money Market
  • 0.4% Foreign Exchange

Holdings by asset type

  • 23.4% UK Fixed Interest
  • 20.3% US Fixed Interest
  • 8.4% German Fixed Interest
  • 7.8% French Fixed Interest
  • 6.8% Dutch Fixed Interest
  • 5.1% Italian Fixed Interest
  • 4.1% Irish Fixed Interest
  • 4% Swiss Fixed Interest
  • 3.7% Spanish Fixed Interest
  • 2.7% Belgian Fixed Interest

Individual holdings

  • 2.6% TELEFONICA EUROPE B.V 3.75 DEC 31 49
  • 2% UNITYMEDIA KABELBW GMBH 3.75% BDS 15/01/27 EUR100000 144A
  • 1.9% INTERNATIONAL GAME TECHNOLOGY 4.75% SNR 15/02/23 EUR1000144A
  • 1.9% SOLVAY FINANCE SA 5.118 DEC 31 99
  • 1.8% PETROBRAS GLOBAL FINANCE BV 4.75% BDS 14/01/25 EUR1000
  • 1.6% CROWN EURO HLDGS SA 3.375% BDS 15/05/25 EUR100000
  • 1.6% VIRGIN MEDIA SECURED FINANCE PLC 5.125% MTN 15/01/25 GBP100000
  • 1.6% WMG ACQUISITION CORP 4.125% BDS 01/11/24 EUR10000
  • 1.5% NATIONWIDE B.S 6.875 DEC 31 49
  • 1.5% VUE INTERNATIONAL BIDCO PLC 7.875% BDS 15/07/20 GBP1000