Category Archives for "Investment Grade Funds"

6th January 2019

Corporate Bond Market Report: Year-End 2018

The corporate bond market endured its most torrid period since the crisis began. It delivered the worst performance since 2008 in total return terms, with the level of spread weakness not far behind. As measured by the Markit iBoxx index, IG widened by 76bp, high yield by almost 240bp and, for example, the AT1 index […]
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3rd March 2017

IG Euro Fund Performance

All figures are to month-end December 2018 Jump to: Top Performing IG € Funds


Largest IG € Funds: Total Returns /α (%)

Performance of the largest IG Euro corporate bond funds ordered by assets under management.

#Fund /
ISIN
Size
(€bn)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Schroder ISF EURO Corp Bd C Acc EUR
LU0113258742
7.988-6.21
-2.24
-2.47
-0.21
2.86
1.47
3.75
1.68
2MS INVF Euro Corporate Bond A
LU0132601682
3.677-7.41
-3.45
-3.69
-1.42
1.84
0.46
2.31
0.24
3BlueBay Investment Grade Bd B EUR
LU0179826135
2.689-5.79
-1.83
-1.95
0.31
1.78
0.40
1.99
-0.08
4Nordea Corporate Bond I K
FI0008801303
2.671-2.84
1.12
-1.44
0.82
1.83
0.45
2.75
0.68
5SLI European Corporate Bd D Acc EUR
LU0177497814
2.570-3.81
0.16
-1.80
0.46
1.92
0.54
2.62
0.55
6SSGA State Street Euro Corp Bd Idx I Acc
LU0438092701
2.490-3.58
0.39
-1.38
0.88
1.72
0.34
2.63
0.56
7BGF Euro Corporate Bond A1 EUR
LU0162660350
2.225-5.25
-1.28
-1.66
0.60
1.88
0.50
2.74
0.67
8Aegon Euro Credits B EUR Acc
IE00BZ005983
2.052-3.48
0.49
-1.30
0.96
2.25
0.86
3.01
0.94
9Parvest Bond Euro Corporate C C
LU0131210360
2.047-3.66
0.31
-2.37
-0.11
1.33
-0.06
2.36
0.29
10Vanguard Euro IG Bd Idx Ins EUR Acc
IE00B04FFJ44
2.031-1.62
2.35
-0.79
1.47
1.43
0.05
2.42
0.35
11Nordea 1 - European Covered Bond BP EUR
LU0076315455
1.9770.95
4.92
0.80
3.06
2.08
0.70
3.36
1.29
12Amundi Fds II Euro Corp Bond E EUR ND
LU0133660638
1.791-3.97
-0.01
-2.65
-0.38
0.58
-0.81
1.56
-0.51
13iShares Euro Crdt Bd Idx (IE) Instl Acc€
IE0031080645
1.7620.60
4.56
-0.31
1.95
1.32
-0.06
2.39
0.32
14Kempen (Lux) Euro Credit J
LU0630255858
1.719-1.46
2.50
-0.78
1.49
2.23
0.85
3.10
1.04
15Invesco Euro Corporate Bond C EUR Acc
LU0243958047
1.686-5.57
-1.61
-3.00
-0.73
1.22
-0.16
2.09
0.02
16Schroder ISF EURO Crdt Convct C Acc EUR
LU0995119822
1.628-8.07
-4.10
-3.02
-0.75
3.65
2.26
4.53
2.46
17iShares Euro InvGrdCorpBdIdx(IE)InstAcc€
IE00B67T5G21
1.579-2.54
1.42
-1.32
0.94
1.95
0.57
2.70
0.63
18Vontobel EUR Corp Bd Mid Yld A EUR
LU0153585566
1.416-4.80
-0.84
-3.45
-1.19
1.25
-0.13
2.59
0.52
19Janus Henderson Hrzn Euro Corp Bd I2 EUR
LU0451950587
1.412-3.00
0.96
-1.09
1.18
2.21
0.83
2.65
0.58
20DWS Invest Euro Corporate Bds FC
LU0300357802
1.401-4.18
-0.22
-1.87
0.39
2.29
0.91
2.90
0.83

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Top Performing IG € Funds: Total Returns /α (%)

Top performing IG Euro corporate bond funds ranked by rolling 1 year performance.

RankFund /
ISIN
Size
(€mm)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1BayernInvest Euro Covered Bond Fd InstAL
LU1532479786
10310.38
14.35
1.63
3.90
0.00
0.00
0.00
0.00
2Nordea 1 - European Covered Bond BP EUR
LU0076315455
19770.95
4.92
0.80
3.06
2.08
0.70
3.36
1.29
3Nordea Inst FIS Covered Bond BX EUR
LU0402663305
9432.71
6.67
0.55
2.82
1.43
0.05
2.65
0.58
4ASR Euro Bedrijfsobligatie Fonds
NL0012293971
342.71
6.67
0.41
2.68
2.05
0.67
2.99
0.92
5IP Bond-Select I
LU0204032410
64-2.27
1.70
0.30
2.56
2.91
1.52
4.09
2.02
6NN (L) Euro Covered Bond I Cap EUR
LU0747315207
631.23
5.20
0.04
2.30
1.03
-0.36
2.14
0.07
73BG Corporate-Austria A
AT0000A0PJ80
0-2.05
1.91
-0.17
2.09
2.18
0.79
2.83
0.76
8L&G Euro Corporate Bond Z EUR Inc
LU0984223155
104-0.22
3.74
-0.20
2.06
2.49
1.11
3.27
1.20
9Allianz Pfandbrieffonds AT EUR
LU0039499404
1401.51
5.47
-0.25
2.02
0.40
-0.98
1.64
-0.43
10DWS Covered Bond Fund LD
DE0008476532
5171.50
5.46
-0.27
1.99
0.45
-0.93
2.07
0.00
11Parvest Covered Bond Euro I C
LU1022404484
1280.79
4.76
-0.27
1.99
0.48
-0.90
0.00
0.00
12Metis Bond Euro Corporate ESG T
AT0000A1X8S1
22-1.37
2.60
-0.29
1.97
0.00
0.00
0.00
0.00
13Handelsbanken Euro Corp Bond Fd A7 EUR
SE0008014922
83-1.31
2.66
-0.31
1.95
0.00
0.00
0.00
0.00
14iShares Euro Crdt Bd Idx (IE) Instl Acc€
IE0031080645
17620.60
4.56
-0.31
1.95
1.32
-0.06
2.39
0.32
15PIMCO GIS Euro Credit Instl EUR Acc
IE00B2NSVP60
761-1.74
2.22
-0.38
1.89
2.68
1.29
3.34
1.28
16Sirius 25 – Euro Corporate Bond Fund A
AT0000A1FUT5
282-0.97
3.00
-0.46
1.80
2.25
0.86
0.00
0.00
17ALM Crédit Euro ISR IC
FR0007071006
10040.26
4.22
-0.51
1.76
1.44
0.05
2.48
0.41
18LGIM Euro Corporate Bond B EUR Acc
GB00B6CFP326
575-0.89
3.08
-0.53
1.74
2.25
0.87
3.09
1.02
19KCM Kathrein Pfandbrief + I A
AT0000A0W4D4
91.28
5.25
-0.56
1.70
1.18
-0.20
2.20
0.13
20Generali IS Euro Covered Bond EX
LU0629528067
110.16
4.12
-0.58
1.68
0.26
-1.13
1.50
-0.57

All Fund performance tables: Investment Grade EUR | Investment Grade GBP | High Yield EUR | High Yield GBP

European domiciled funds in Morningstar Category EUR Corporate Bond, Oldest share class, All figures EUR (€), Total returns annualised, as at last month end. Alpha is the measure of an investment’s return in excess of the Morningstar Category average. Fund sizes are as reported by the management groups and the latest available to Morningstar. The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category, based on a weighted average of a fund’s 3-, 5-, and ten-year ratings, depending on the length of its record. Data source: © 2017 Morningstar, Inc. All rights reserved.

The information contained herein:

(1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Important note regarding third party indices:  Morningstar does not own any third party index data (S&P, FTSE, MSCI), so cannot authorise its use. The journalists should contact each vendor directly to get authorisation for the data they require.

27th February 2017

IG Sterling Fund Performance

All figures are to month-end December 2018
Jump to: Top Performing IG £ Funds


Largest IG £ Funds: Total Returns /α (%)

Performance of the largest IG Sterling corporate bond funds ordered by assets under management.

#Fund /
ISIN
Size
(£bn)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Scottish Widows Corporate Bd Trkr W Acc
GB00BD7W3V17
5.3930.00
2.02
-1.59
0.73
4.17
0.18
0.00
0.00
2Invesco Corporate Bond UK Acc
GB0033028779
4.285-4.73
-2.71
-2.43
-0.11
2.60
-1.39
2.77
-1.71
3iShares Corporate Bond Index (UK) L Acc
GB00B5MMQ552
3.998-0.52
1.50
-1.74
0.58
4.19
0.19
4.72
0.24
4M&G Corporate Bond GBP I Inc
GB00B1YBRM66
3.649-3.71
-1.69
-2.53
-0.22
3.69
-0.31
4.33
-0.15
5Fidelity MoneyBuilder Income
GB0003863916
3.360-2.69
-0.67
-2.78
-0.47
3.23
-0.76
4.01
-0.47
6M&G Strategic Corporate Bond GBP A Acc
GB0033828137
2.781-8.09
-6.07
-4.07
-1.76
2.80
-1.19
3.30
-1.18
7Vanguard UK Inv Grd Bd Idx GBP Acc
IE00B1S74Q32
2.643-2.27
-0.25
-1.71
0.61
4.09
0.09
4.60
0.12
8Insight Buy and Maintain Bond B GBP Inc
IE00B8FY2845
2.249-2.94
-0.93
-4.88
-2.57
1.86
-2.13
0.00
0.00
9Aviva Investors Corporate Bd 1 GBP Inc
GB0004459359
2.172-1.60
0.42
-2.22
0.09
3.15
-0.84
3.89
-0.60
10Halifax Corporate Bd B
GB0031809097
1.771-2.45
-0.43
-2.21
0.11
3.54
-0.45
3.49
-0.99
11Royal London Sterling Credit Z Inc
GB00B4W1ZT22
1.764-1.74
0.28
-1.60
0.72
4.85
0.86
5.47
0.99
12Aberdeen Corporate Bond I GBP Inc
GB00BWK26H88
1.593-3.24
-1.22
-3.20
-0.88
3.99
0.00
4.45
-0.04
13Insight Inv UK Corp All Mat Bd S2
GB00B06FWY62
1.523-4.39
-2.37
-3.04
-0.72
4.29
0.30
5.24
0.75
14Kames Investment Grade Bond GBP B Acc
GB00B141C763
1.423-5.92
-3.90
-3.82
-1.51
3.64
-0.35
4.54
0.05
15BlackRock Corporate Bond 1-10 Year L Acc
GB00B59NP872
1.359-0.81
1.20
-1.35
0.97
3.43
-0.56
3.74
-0.74
16Threadneedle Stlg SD Corp Bd InsGrs Inc£
GB00BD8GMC64
1.350-2.16
-0.15
-0.48
1.84
1.91
-2.08
1.92
-2.56
17L&G Fixed Interest I Acc
GB00B0CNHD88
1.326-1.91
0.11
-2.36
-0.04
4.35
0.36
4.89
0.41
18Vanguard UK Short-Term IG Bd Idx GBP Acc
IE00B9M1BB17
1.311-0.95
1.07
-0.21
2.11
1.60
-2.39
1.79
-2.70
19Royal London Corporate Bond A Inc
GB00B3P2K895
1.197-3.97
-1.95
-2.42
-0.10
4.26
0.27
4.66
0.18
20Mercer UK Credit M-2£
IE00B62Q6540
1.063-2.19
-0.17
-2.71
-0.39
4.39
0.40
4.92
0.44

Top Performing IG £ Funds: Total Returns /α (%)

Top performing IG Sterling corporate bond funds ranked by rolling 1 year performance.

RankFund /
ISIN
Size
(£mm)
3mth/
αlpha
1yr*/
αlpha
3yr*/
αlpha
5yr*/
αlpha
Morningstar
Rating
1Royal London Short Duration Crdt Z Inc
GB00BD050B66
709-1.12
0.90
0.31
2.63
3.43
-0.56
3.36
-1.12
2Royal London Inv Grade SD Credit Z Inc
GB00BYQTH296
844-0.19
1.83
0.01
2.33
1.98
-2.01
0.00
0.00
3Fidelity Short Dated Crprate Bd Y Acc
GB00BDCG0G22
116-0.59
1.43
-0.08
2.24
0.00
0.00
0.00
0.00
4Vanguard UK Short-Term IG Bd Idx GBP Acc
IE00B9M1BB17
1311-0.95
1.07
-0.21
2.11
1.60
-2.39
1.79
-2.70
5LF Canlife Short Duration Corp Bd C Acc
GB00BD0CNM97
238-0.59
1.43
-0.22
2.10
0.00
0.00
0.00
0.00
6L&G Short Dated £ Corporate Bd Idx C Acc
GB00BKGR3F07
1038-0.58
1.44
-0.23
2.08
2.36
-1.63
0.00
0.00
7AXA Sterling Crdt Shrt Dura Bd Z Grs Acc
GB00B5L2N222
785-0.99
1.03
-0.33
1.99
1.40
-2.59
1.36
-3.13
8Aberdeen Sterling SD Corp Bd K GBP Acc
GB00BD8GDK16
165-1.10
0.92
-0.40
1.91
0.00
0.00
0.00
0.00
9SLI Short Dated Corp Bd Instl S GBP Acc
GB00BZCGBV86
192-0.55
1.47
-0.41
1.90
0.00
0.00
0.00
0.00
10Threadneedle Stlg SD Corp Bd InsGrs Inc£
GB00BD8GMC64
1350-2.16
-0.15
-0.48
1.84
1.91
-2.08
1.92
-2.56
11Epworth Affirmative Corporate Bond
GB00B57GG960
1213.82
5.84
-0.50
1.81
3.90
-0.09
4.76
0.28
12Moorea Fd SGPB Hambros Stlg Bd Str HD
LU0859659723
57-1.40
0.62
-0.50
1.82
3.62
-0.38
3.51
-0.97
13Royal London Duration Hedged Crdt Z Acc
GB00B4K6P774
213-7.90
-5.88
-0.58
1.74
2.84
-1.15
2.03
-2.45
14Royal London Sustainable Mgd Inc D Acc
GB00B8GJ0284
400.31
2.33
-0.77
1.55
4.22
0.23
4.71
0.23
15Premier Corporate Bond Monthly Income C
GB0003895496
48-1.01
1.01
-0.98
1.34
2.08
-1.91
2.62
-1.87
16BlackRock ASF Ascent UK All Stks C/Bd F£
IE0031465812
5681.81
3.83
-1.08
1.24
5.13
1.14
5.57
1.09
17M&G Short Dated Corp Bd GBP A Inc
GB0031110397
344-3.59
-1.57
-1.15
1.16
1.52
-2.47
1.49
-3.00
18L&G Sterling Corporate Bond Index I Acc
GB00B4M01C47
6741.15
3.17
-1.16
1.15
4.01
0.02
4.80
0.32
19SLI AAA Income Ret Acc
GB0006161516
1731.53
3.55
-1.18
1.14
2.35
-1.65
3.01
-1.47
20Payden Sterling CorpBd-InvmtGrd GBP Acc
IE00B3KLND71
0.30
2.32
-1.25
1.07
2.41
-1.58
2.89
-1.59

All Fund performance tables: Investment Grade EUR | Investment Grade GBP | High Yield EUR | High Yield GBP

Table information: European domiciled funds in Morningstar Category GBP Corporate Bond, Oldest share class, All figures GBP sterling (£), Total returns annualised, as at last month end. Alpha is the measure of an investment’s return in excess of the Morningstar Category average.

Fund sizes are as reported by the management groups and the latest available to Morningstar. The Morningstar Rating is calculated based on a fund’s total returns, adjusted for risk and sales charges, relative to other funds in its Morningstar Category, based on a weighted average of a fund’s 3-, 5-, and ten-year ratings, depending on the length of its record.

Data source: © 2017 Morningstar, Inc. All rights reserved.

The information contained herein:

(1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Important note regarding third party indices:  Morningstar does not own any third party index data (S&P, FTSE, MSCI), so cannot authorise its use. The journalists should contact each vendor directly to get authorisation for the data they require.