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 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

Sector
Fund
Sector
Fund
Sector
Fund

Quick stats

1 Year return

5.97 %

1 Year rank in sector

18/28

Sector

FO Fixed Int - EUR High Yield

Yield

4.1004

Fund size

£ 163.7 m

FE Risk score

28

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    23.6%
  • USA
    19.3%
  • Germany
    8.5%
  • Netherlands
    8.3%
  • France
    6.5%
  • High Yield Bond
    90.7%
  • Investment Grade Corporate Bonds
    5.8%
  • Money Market
    4.4%
  • Foreign Exchange
    -0.9%
  • UK Fixed Interest
    23.6%
  • US Fixed Interest
    19.3%
  • German Fixed Interest
    8.5%
  • Dutch Fixed Interest
    8.3%
  • French Fixed Interest
    6.5%

Performance vs. Sector

Sector
Fund
Sector
Fund
Sector
Fund

Cumulative performance

1m6m1y3y5y
Fund0.89 %3.69 %5.97 %13.14 %19.01 %
Sector0.75 %3.76 %6.36 %16.01 %32.86 %
Rank within sector5 / 2913 / 2818 / 2821 / 2721 / 23
Quartile th1 st2 nd3 rd4 th4 th

Calendar performance

YTD-20172016201520142013
Fund5.16 %7.58 %-0.97 %0.81 %3.22 %
Sector5.38 %7.95 %0.85 %3.16 %8.32 %
Rank within sector17 / 2813 / 2825 / 2723 / 2723 / 24
Quartile th3 rd2 nd4 th4 th4 th

Risk statistics

Alpha-1.03
Beta1.07
Sharpe0.02
Volatility4.55
Tracking error1.11
Information ratio-0.68
R-Squared0.94

Price movement

52 week high16.9
52 week low16.28
Current bid price0
Current offer price0
Current mid price16.85

Holdings by region

  • 23.6% UK
  • 19.3% USA
  • 8.5% Germany
  • 8.3% Netherlands
  • 6.5% France
  • 4.6% Ireland
  • 4.4% Switzerland
  • 3.6% Italy
  • 3.5% Money Market
  • 3.5% Spain

Holdings by sector

  • 90.7% High Yield Bond
  • 5.8% Investment Grade Corporate Bonds
  • 4.4% Money Market
  • -0.9% Foreign Exchange

Holdings by asset type

  • 23.6% UK Fixed Interest
  • 19.3% US Fixed Interest
  • 8.5% German Fixed Interest
  • 8.3% Dutch Fixed Interest
  • 6.5% French Fixed Interest
  • 4.6% Irish Fixed Interest
  • 4.4% Swiss Fixed Interest
  • 3.6% Italian Fixed Interest
  • 3.5% 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% SOLVAY FINANCE SA 5.118 DEC 31 99
  • 2.2% UNITYMEDIA KABELBW GMBH 3.75% BDS 15/01/27 EUR100000 144A
  • 2.1% PETROBRAS GLOBAL FINANCE BV 4.75% BDS 14/01/25 EUR1000
  • 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% 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