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(s)
Jeff Boswell
since 01/04/2015
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 euro and British pound sterling denominated higher interest rate bearing fixed interest securities (which may be Investment Grade and Non-Investment Grade) issued in the Eurobond, sterling domestic and euro domestic markets by issuers around the world and derivatives which offer exposure to such securities. The currency mix of denominations may be varied, reflecting the Investment Manager’s assessment.
Benchmark
ML European Currency High Yield Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
Fixed Interest

Performance snapshot

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

5.59 %

1 Year rank in sector

19/28

Sector

FO Fixed Int - EUR High Yield

Yield

4.1472

Fund size

£ 152.5 m

FE Risk score

29

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    21.4%
  • USA
    17.3%
  • Netherlands
    8.5%
  • France
    6.1%
  • Germany
    6%
  • High Yield Bond
    90%
  • Investment Grade Corporate Bonds
    6.2%
  • Money Market
    4.4%
  • Foreign Exchange
    -0.6%
  • UK Fixed Interest
    21.4%
  • US Fixed Interest
    17.3%
  • Dutch Fixed Interest
    8.5%
  • French Fixed Interest
    6.1%
  • German Fixed Interest
    6%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund-0.26 %0.96 %5.59 %12.27 %16.84 %
Sector-0.29 %1.32 %5.89 %14.23 %28.83 %
Rank within sector24 / 2821 / 2819 / 2820 / 2721 / 23
Quartile th4 th3 rd3 rd3 rd4 th

Calendar performance

YTD-20172016201520142013
Fund4.77 %7.58 %-0.97 %0.81 %3.22 %
Sector5.03 %7.95 %0.85 %3.16 %8.32 %
Rank within sector21 / 2814 / 2824 / 2723 / 2722 / 23
Quartile th3 rd2 nd4 th4 th4 th

Risk statistics

Alpha-1.06
Beta1.08
Sharpe0.04
Volatility4.6
Tracking error1.11
Information ratio-0.67
R-Squared0.95

Price movement

52 week high16.91
52 week low16.52
Current bid price0
Current offer price0
Current mid price16.66

Holdings by region

  • 21.4% UK
  • 17.3% USA
  • 8.5% Netherlands
  • 6.1% France
  • 6% Germany
  • 5.9% Switzerland
  • 5.3% Italy
  • 5.1% Ireland
  • 3.8% Money Market
  • 3.5% Spain

Holdings by sector

  • 90% High Yield Bond
  • 6.2% Investment Grade Corporate Bonds
  • 4.4% Money Market
  • -0.6% Foreign Exchange

Holdings by asset type

  • 21.4% UK Fixed Interest
  • 17.3% US Fixed Interest
  • 8.5% Dutch Fixed Interest
  • 6.1% French Fixed Interest
  • 6% German Fixed Interest
  • 5.9% Swiss Fixed Interest
  • 5.3% Italian Fixed Interest
  • 5.1% Irish Fixed Interest
  • 3.8% Money Market
  • 3.5% Spanish Fixed Interest

Individual holdings

  • 2.9% TELEFONICA EUROPE B.V 3.75 DEC 31 49
  • 2.2% INTERNATIONAL GAME TECHNOLOGY 4.75% SNR 15/02/23 EUR1000144A
  • 2.2% PETROBRAS GLOBAL FINANCE BV 4.75% BDS 14/01/25 EUR1000
  • 2.2% SOLVAY FINANCE SA 5.118 DEC 31 99
  • 1.9% DELL INTERNATIONAL LLC / EMC C 6.02 JUN 15 26
  • 1.8% CROWN EURO HLDGS SA 3.375% BDS 15/05/25 EUR100000
  • 1.8% WMG ACQUISITION CORP 4.125% BDS 01/11/24 EUR10000
  • 1.7% FIAT CHRYSLER AUTOMOBILES NV 5.25% BDS 15/04/23 USD200000
  • 1.7% VIRGIN MEDIA SECURED FINANCE PLC 5.125% MTN 15/01/25 GBP100000
  • 1.6% MPT OPERATING PTNRSHP/MPT FIN CORP 3.325% MTN 24/03/25 EUR100000