Fact sheet: Sparinvest Corpt Value Bonds

Fund information

Fund name
Sparinvest Corporate Value Bonds EUR R
Fund company manager
Sparinvest (LUX)
Fund type
SIB
Fund manager(s)
Team Managed
since 02/05/2011
Fund objective
The Sub-Fund aims at providing a positive return over the long term by investing in high yield corporate bonds. The Sub-Fund invests at least 2/3 of its total net assets in high yield corporate bonds listed on an exchange and/or traded on a Regulated Market within OECD countries, EU Member States, Singapore or Hong Kong. The high yield corporate bonds are to be rated less than Baa3/BBB- by Moody’s, Standard & Poor’s or Fitch. The Sub-Fund applies an ethical screening done by ISS-Ethix Consultants that identifies the companies that do not fulfill an ethical framework, and they are excluded. Companies with controversial activities, such as production of combat equipment, alcohol, gambling, tobacco and pornography do not qualify for investment.
Benchmark
The Bofa Merrill Lynch Global High Yield (EUR Hedged)
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

7.12 %

1 Year rank in sector

47/82

Sector

FO Fixed Int - Global High Yield

Yield

0.2067

Fund size

£ 136.3 m

FE Risk score

95

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    50.22%
  • Others
    14.15%
  • UK
    7.22%
  • Canada
    6.75%
  • Money Market
    4.2%
  • Others
    40%
  • Energy
    9.72%
  • Industrials
    9.09%
  • Consumer Discretionary
    8.75%
  • Materials
    5.61%
  • US Fixed Interest
    50.22%
  • Global Fixed Interest
    14.15%
  • UK Fixed Interest
    7.22%
  • Canadian Fixed Interest
    6.75%
  • Money Market
    4.2%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.87 %0.84 %6.85 %-0.21 %9.66 %
Sector-0.67 %0.95 %6.51 %11.47 %24.42 %
Rank within sector50 / 9762 / 9147 / 8262 / 6443 / 45
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Calendar performance

YTD-20172016201520142013
Fund4.63 %4.39 %-8.08 %3.85 %2.84 %
Sector4.24 %11.43 %-2.49 %1.36 %5.18 %
Rank within sector44 / 8569 / 7362 / 6716 / 5742 / 49
Quartile th3 rd4 th4 th2 nd4 th

Risk statistics

Alpha-3.74
Beta1.09
Sharpe-0
Volatility6.46
Tracking error4.21
Information ratio-0.83
R-Squared0.58

Price movement

52 week high130.04
52 week low119.51
Current bid price0
Current offer price0
Current mid price127.67

Holdings by region

  • 50.22% USA
  • 14.15% Others
  • 7.22% UK
  • 6.75% Canada
  • 4.2% Money Market
  • 4.05% Brazil
  • 3.83% Norway
  • 2.44% Luxembourg
  • 2.31% China
  • 1.88% Russia

Holdings by sector

  • 40% Others
  • 9.72% Energy
  • 9.09% Industrials
  • 8.75% Consumer Discretionary
  • 5.61% Materials
  • 5.53% Health Care
  • 5.07% Consumer Staples
  • 4.2% Money Market
  • 3.87% Financials
  • 3.81% Information Technology

Holdings by asset type

  • 50.22% US Fixed Interest
  • 14.15% Global Fixed Interest
  • 7.22% UK Fixed Interest
  • 6.75% Canadian Fixed Interest
  • 4.2% Money Market
  • 4.05% Brazilian Fixed Interest
  • 3.83% Norwegian Fixed Interest
  • 2.44% Luxembourg Fixed Interest
  • 2.31% Chinese Fixed Interest
  • 1.88% Russian Fixed Interest

Individual holdings

  • 1.37% 8.13% EXTERRAN ENERGY SOLUTIONS LP
  • 1.32% 5,25% MEDNAX INC 2023
  • 1.28% PETROBRAS GLOBAL FINANCE BV 4.75 01/14/2025
  • 1.23% PBF LOGISTICS LP 6.875% BDS 15/05/23 USD2000
  • 1.21% 9.75% SALAMANDER ENERGY PLC 2020
  • 1.12% DNO ASA 8.75% BDS 18/06/20 USD200000
  • 1.09% 4,88% SIX FLAGS ENTER 2024
  • 1.05% COMPASS MINERALS INTERNATIONAL INC 4.875% BDS 15/07/24 USD1000 144A
  • 1.05% VERMILION ENERGY INC 5.625% BDS 15/03/25 USD2000
  • 1.03% 5.25% MICRON TECHNOLOGY INC 2023