Threadneedle (Lux) US High Yield Bonds Fund DU Acc EUR

天利 (盧森堡) - 美元高收益債券基金 DU類 Acc 歐元

LU0757433601

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Non-dealing Hours

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.45%

HKD25,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.90%
3 mth
+2.44%
6 mth
+5.29%
1 yr
+13.76%
3 yr
+9.69%
5 yr
+36.12%

Analytical Figures (3 years)

Annualized Return
+3.13%
Annualized Volatility
+4.51%
Sharpe Ratio
+0.55

Fund Information

Fund Houses
Threadneedle Investments (Luxembourg Fund Series)
Launch Date
2003-12-11
Fund Manager
Jennifer Ponce de Leon
Manager Start Date
2015-05-06
Geographical Focus
US
Asset Class/ Sector
Fixed Income - High yield
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-10-30)
USD 228,539,086.38
Management Fee
1.45%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge not required

HKD25,000.00Min. Subscription

1.45%

HKD25,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The Portfolio seeks to achieve a return from capital appreciation and income by investing at least two-thirds of its assets in incomeproducing U.S. Dollar denominated debt securities with an emphasis on the high yield market. Under normal circumstances the Portfolio will invest at least two thirds of its net assets in a diversified portfolio of debt securities that are rated below investment grade by ratings agencies. The Portfolio will not generally purchase debt securities rated below "C" by S&P or by Moody's or that have an equivalent rating by another rating agency, or are unrated and believed to be of similar quality. All ratings apply at the time the investment is made. If the rating of a security changes subsequent to purchase, the security may continue to be held at the Sub-Advisor's discretion.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
1. Investment
There is no guarantee that the investment objective of the Portfolio can be achieved. The value of investments held by the Portfolio can fall as well as rise and investors might not get back the sum originally invested, especially if investments are not held for the long term.
2. Volatility
The prices of the Portfolio's investments may rise and fall sharply in the short-term and this may result in a higher volatility of the Portfolio's value.
3. Issuer
The Portfolio invests in securities whose value would be significantly affected if the issuer either refused to pay or was unable to pay.
4. Below Investment Grade Debt Securities
The Portfolio may invest in high yield/below investment grade debt securities. This will mean the Portfolio is more likely to be exposed to higher volatility and liquidity risks.
5. Downgrading of Debt Securities
Subsequent downgrade of the debt securities held by the Portfolio may adversely affect the value of such securities and may expose the Portfolio to higher credit and counterparty risks.
6. Liquidity
The Portfolio invests in assets that are not always readily saleable without suffering a discount to fair value. The Portfolio may have to significantly lower the selling price, sell other investments or forego another, more appealing investment opportunity.
7. Geographical Concentration
The Portfolio's investments are concentrated in the US. This may result in higher volatility than funds which comprise broad-based global investments.
8. Currency
Where investments are made in assets that are denominated in multiple currencies, changes in exchange rates may affect the value of the investments.
9. Investor Currency
Where investments in the Portfolio are in currencies other than your own, changes in exchange rates may affect the value of your investments.
10. Interest Rates
Changes in interest rates are likely to affect the Portfolio's value. In general, as interest rates rise, the price of a fixed rate bond will fall, and vice versa.
11. Inflation
Most bond funds offer limited capital growth potential and an income that is not linked to inflation. Therefore, inflation can affect the value of capital and income over time.
12. Derivatives
The Portfolio may invest in financial derivative instruments. Investing in these instruments may involve counterparty risks. If the counterparty defaults on such instruments this may affect the value of the Portfolio.
13. Hedge/Basis
The use of financial derivative instruments for hedging and/or efficient portfolio management purposes may become ineffective in adverse situations or if the Management Company or the Sub-Advisor employs a strategy that does not correlate well with the
Portfolio's investments. This may result in a significant loss to the Portfolio.
14. Distribution out of capital risk
Distributions may be paid out of the capital of the Share Classes AUP, AEC, ASC and DEC if the net distributable income attributable to these share classes during the relevant period is insufficient to pay distributions as declared. The Directors of the Portfolio may also, at their discretion, pay dividends out of gross income while paying all or part of the share classes' expenses out of their capital, resulting in an increase in distributable income for the payment of dividends, and therefore paying dividends effectively out of capital of the relevant share classes. Investors should note that the payment of distributions out of capital, or effectively out of capital represents a return or a withdrawal of part of the amount they originally invested or capital gain attributable to that amount. Any distributions involving payment of dividends out of, or effectively out of, capital of the share classes will result in an immediate decrease in the net asset value of the relevant shares.

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