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 August 2019 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
9.34018.98
5.79
7.71
2.51
3.56
1.76
4.20
1.98
2Nordea 1 - European Covered Bond BP EUR
LU0076315455
5.10714.09
0.90
6.77
1.56
2.64
0.84
3.31
1.09
3MS INVF Euro Corporate Bond A
LU0132601682
4.15216.82
3.63
6.40
1.20
2.49
0.69
2.72
0.50
4SLI European Corporate Bd D Acc EUR
LU0177497814
3.11316.54
3.35
6.60
1.40
2.25
0.45
2.92
0.70
5BGF Euro Corporate Bond A1 EUR
LU0162660350
2.97916.19
3.00
6.22
1.02
2.55
0.75
3.06
0.84
6Caixabank Master RF Privada Euro FI
ES0114706007
2.7420.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
7Nordea Corporate Bond I K
FI0008801303
2.65017.45
4.26
7.02
1.82
2.55
0.75
3.00
0.78
8SSGA State Street Euro Corp Bd Idx I Acc
LU0438092701
2.64516.83
3.64
6.62
1.42
2.31
0.51
2.83
0.61
9BlueBay Investment Grade Bd B EUR
LU0179826135
2.57819.33
6.13
6.16
0.96
3.03
1.23
2.45
0.23
10Vanguard Euro IG Bd Idx Ins EUR Acc
IE00B04FFJ44
2.48515.43
2.24
6.54
1.33
1.99
0.19
2.54
0.32
11BNP Paribas Euro Corporate Bd C C
LU0131210360
2.39815.61
2.42
6.04
0.83
1.79
-0.01
2.45
0.23
12Aegon Euro Credits I EUR Acc
IE00BZ005B08
2.21516.24
3.05
6.87
1.67
2.73
0.93
3.18
0.96
13Amundi Fds Euro Corp Bd I EUR C
LU0119099496
2.11516.75
3.56
6.85
1.65
2.70
0.91
2.89
0.67
14Vontobel EUR Corp Bd Mid Yld A EUR
LU0153585566
2.05918.68
5.49
7.39
2.18
2.37
0.58
2.92
0.70
15Schroder ISF EURO Crdt Convct C Acc EUR
LU0995119822
1.96619.57
6.38
7.78
2.57
4.24
2.45
4.93
2.71
16Invesco Euro Corporate Bond C EUR Acc
LU0243958047
1.92519.38
6.19
7.23
2.03
2.44
0.64
2.49
0.27
17Kempen (Lux) Euro Credit J
LU0630255858
1.82116.97
3.77
7.58
2.37
2.85
1.05
3.34
1.12
18iShares Euro Crdt Bd Idx (IE) Instl Acc€
IE0031080645
1.73916.05
2.85
6.81
1.61
2.02
0.22
2.53
0.31
19Janus Henderson Hrzn Euro Corp Bd I2 EUR
LU0451950587
1.55215.35
2.16
6.85
1.65
2.78
0.98
2.88
0.66
20DWS Invest Euro Corporate Bds FC
LU0300357802
1.52217.75
4.55
7.21
2.00
2.79
0.99
3.08
0.86

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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
1Zurich Corporate Bonds Long
LU1466077309
4141.50
28.30
15.84
10.64
0.00
0.00
0.00
0.00
2LBBW Unternehmensanleihen Euro Offensiv
DE000A1144F1
7922.78
9.59
9.22
4.02
4.77
2.98
0.00
0.00
3UniInstitutional German Corporate Bds +
LU0847345435
34225.53
12.33
9.09
3.88
3.52
1.72
4.12
1.90
4Allianz Euro Credit SRI W EUR
LU1136108591
88121.74
8.55
9.07
3.87
3.14
1.35
3.82
1.60
5Allianz Corps-Corent P EUR
DE0005316285
22921.25
8.06
8.58
3.37
3.03
1.23
3.98
1.76
6Metzler Euro Corporates AI
DE000A0RBZB5
22918.14
4.95
8.17
2.97
2.77
0.98
3.26
1.04
7BNPP E Mark iBx EUR Lqd Corp Tr I C
LU1291094677
33916.95
3.76
8.07
2.87
2.46
0.66
2.69
0.47
8AAF-Schroder Euro Corporate Bonds C €
LU0979879631
9519.55
6.36
7.95
2.74
3.60
1.80
4.20
1.99
9M&G European Credit Investment C EUR Acc
LU0617482376
68317.02
3.82
7.94
2.73
3.38
1.58
3.58
1.36
10Nykredit Invest Engros EuroKredit
DK0016044654
13217.61
4.42
7.90
2.70
3.15
1.36
3.81
1.59
11Schroder ISF EURO Crdt Convct C Acc EUR
LU0995119822
196619.57
6.38
7.78
2.57
4.24
2.45
4.93
2.71
12Deutsche MAG FI EUR IG Corporates EUR I
LU1176828389
8817.86
4.67
7.71
2.51
2.60
0.80
0.00
0.00
13Schroder ISF EURO Corp Bd C Acc EUR
LU0113258742
934018.98
5.79
7.71
2.51
3.56
1.76
4.20
1.98
14LGIM Euro Corporate Bond B EUR Acc
GB00B6CFP326
87617.26
4.07
7.65
2.45
3.01
1.22
3.37
1.15
15Nykredit Invest Engros Eurokredit SRI
DK0060709814
11417.41
4.22
7.63
2.43
3.01
1.21
0.00
0.00
16Kempen (Lux) Euro Credit J
LU0630255858
182116.97
3.77
7.58
2.37
2.85
1.05
3.34
1.12
17Fidelity Euro Corporate Bond Y-Acc-EUR
LU0370787359
24217.63
4.43
7.57
2.37
2.43
0.63
2.94
0.72
18L&G Euro Corporate Bond Z EUR Inc
LU0984223155
11117.15
3.96
7.49
2.29
3.10
1.30
3.48
1.26
19Allianz Euro Invmt Grd Bd Strat IT EUR
LU0706717278
28718.12
4.93
7.45
2.25
2.36
0.57
2.86
0.65
20Kempen (Lux) Euro Credit Plus I
LU0986645306
48116.33
3.14
7.45
2.25
2.88
1.09
3.56
1.34

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 Aug 2019
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
5.76419.03
-0.78
8.62
0.07
2.48
-0.51
5.39
0.43
2iShares Corporate Bond Index (UK) L Acc
GB00B5MMQ552
5.11221.15
1.34
9.40
0.86
2.82
-0.17
5.27
0.31
3Invesco Corporate Bond UK Acc
GB0033028779
3.94914.09
-5.71
5.78
-2.76
2.52
-0.47
3.34
-1.63
4M&G Corporate Bond GBP I Inc
GB00B1YBRM66
3.56921.14
1.33
8.75
0.20
3.12
0.13
4.83
-0.13
5Fidelity MoneyBuilder Income
GB0003863916
3.40020.56
0.75
8.55
0.01
2.19
-0.79
4.49
-0.47
6Vanguard UK Inv Grd Bd Idx GBP Acc
IE00B1S74Q32
3.17920.36
0.55
8.34
-0.21
2.54
-0.44
5.04
0.08
7M&G Strategic Corporate Bond GBP A Acc
GB0033828137
2.70718.41
-1.39
6.77
-1.78
2.65
-0.34
3.61
-1.35
8Aviva Investors Corporate Bd 1 GBP Inc
GB0004459359
2.69319.81
0.00
8.34
-0.20
2.18
-0.81
4.40
-0.56
9Insight Buy and Maintain Bond B GBP Inc
IE00B8FY2845
2.46419.07
-0.74
6.66
-1.89
0.30
-2.68
0.00
0.00
10Royal London Sterling Credit Z Inc
GB00B4W1ZT22
2.11020.46
0.65
9.27
0.73
4.11
1.13
5.83
0.87
11Halifax Corporate Bd B
GB0031809097
1.80321.54
1.73
9.13
0.59
3.07
0.08
4.42
-0.54
12Vanguard UK Short-Term IG Bd Idx GBP Acc
IE00B9M1BB17
1.6236.20
-13.60
3.16
-5.39
1.59
-1.40
2.07
-2.89
13Insight Inv UK Corp All Mat Bd S2
GB00B06FWY62
1.59219.54
-0.27
9.42
0.88
2.95
-0.03
5.60
0.64
14Royal London Corporate Bond A Inc
GB00B3P2K895
1.44318.42
-1.39
8.17
-0.37
3.43
0.44
5.02
0.06
15Threadneedle Stlg SD Corp Bd InsGrs Inc£
GB00BD8GMC64
1.4386.70
-13.10
3.68
-4.86
1.98
-1.01
2.33
-2.63
16L&G Short Dated £ Corporate Bd Idx C Acc
GB00BKGR3F07
1.4267.24
-12.57
4.07
-4.47
2.33
-0.65
2.82
-2.14
17AI Sterling Corp Bond UK Corp GBP Inc
GB00BTF89Z90
1.33923.61
3.81
10.19
1.65
2.24
-0.75
0.00
0.00
18ASI Corp Bd I Inc
GB00BWK26H88
1.33525.58
5.77
9.48
0.93
2.89
-0.09
5.10
0.14
19Rathbone Ethical Bond R Acc
GB0030957137
1.32116.60
-3.21
7.51
-1.03
4.57
1.58
5.06
0.10
20L&G Fixed Interest I Acc
GB00B0CNHD88
1.31224.09
4.28
10.29
1.75
3.18
0.19
5.59
0.62

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
1Fidelity Duration 20 Feeder Acc GBP
GB00BVTVCQ05
5267.13
47.32
24.65
16.11
4.28
1.29
0.00
0.00
2Fidelity Duration 16 Feeder Acc GBP
GB00BVTVCP97
2646.70
26.89
19.40
10.86
4.02
1.04
0.00
0.00
3Schroder Instl Long Dated Corp Bd I
GB0009569327
34748.92
29.11
19.37
10.82
4.95
1.97
9.39
4.43
4BlackRock ASF Ascent UK Long Corp Bd Fl£
IE0031465705
60445.92
26.11
17.48
8.94
4.02
1.03
8.89
3.93
5Janus Henderson Instl Lg Datd Crdt I Inc
GB0007475675
26446.06
26.25
17.33
8.78
3.57
0.58
8.07
3.11
6AI Non-Gilt Bd Ovr 15 Yrs IdxInsrdPenAcc
GB00BYSL7Y58
34650.61
30.80
17.21
8.66
0.00
0.00
0.00
0.00
7BMO Long Dated Sterling Corp Bd 3 Acc
GB00B8460N21
4543.25
23.44
16.37
7.83
3.99
1.00
8.38
3.42
8Fidelity Instl Lng Dtd Stlg Corp Bd Inc
GB0031400335
64240.14
20.33
15.79
7.25
4.54
1.55
7.96
2.99
9BIBF Over 10 Year Corporate Bd B GBP Inc
GB0099289679
039.81
20.00
15.68
7.13
3.94
0.95
6.94
1.98
10Insight Inv UK Corp Lng Mat Bd S2
GB00B06FXK91
45737.01
17.20
15.64
7.09
4.05
1.06
7.74
2.78
11JPM Sterling Bond A (dist) GBP
LU0053692744
6939.59
19.78
15.61
7.06
3.14
0.15
7.50
2.54
12PIMCO GIS UK L/T Corp Bd Instl GBP Acc
IE00B0CNPY59
43438.92
19.11
15.04
6.49
4.38
1.39
8.27
3.31
13BNY Mellon Long Corp Bd Exempt 1 Acc
GB00B01X0Y17
2733.91
14.11
13.66
5.11
3.62
0.63
7.26
2.30
14Threadneedle Stlg MLD Corp Bd InsGrsInc£
GB00BD8GM715
32030.51
10.71
12.66
4.12
3.57
0.58
6.67
1.71
15Fidelity Duration 10 Feeder Acc GBP
GB00BVTVCN73
10723.27
3.47
11.16
2.61
3.17
0.18
0.00
0.00
16Schroder All Maturities Corp Bd I Acc
GB0009569541
102024.66
4.86
10.78
2.24
3.71
0.72
6.13
1.17
17UBS Corporate Bond UK Plus K Acc Gross
GB00B1QK7Q59
58723.12
3.31
10.48
1.93
3.51
0.52
5.52
0.55
18Schroder Sterling Corporate Bond A Inc
GB0031093247
33022.46
2.66
10.40
1.85
4.03
1.04
5.68
0.72
19SWC (CH) Index BF Corp. W ex €/$ FA CHF
CH0315621190
7825.66
5.85
10.40
1.85
3.44
0.45
0.00
0.00
20GS Sterling Credit I Inc GBP
LU0386576077
22.56
2.75
10.34
1.80
2.88
-0.10
5.05
0.09

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: © 2019 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.