Parvest Bond Europe High Yield I

The sub-fund seeks to outperform the high-yield bond market.
To achieve its investment objective, the sub-fund will seek exposure to the Below Investment Grade bond market. To do this, Parvest European High Yield Bond will invest mainly in bonds of below investment grade on acquisition issued by companies having their head office in, or which carry out the majority of their business in, a European country, or bonds which are investment grade on acquisition issued by companies which have their head office in, or which carry on the majority of their business in, a European country, in conjunction with derivatives on indexes or securities traded on the bond markets of below investment grade. The remainder of the assets may be invested in bonds other than those referred to in the core policy, including convertible bonds (maximum 25%), money market instruments (maximum 33%) or cash (maximum 33%).

Key stats

Management firm  BNP Paribas
Fund Status  OBSOLETE
Fund currency  EUR
Net Assets Date  2011-06-30
Net Assets  €160,403,323
Launch Date  2005-10-25
Obsolete Date  2011-07-06
ISIN  LU0225847317
Manager 1 Name  Alain Krief
Fund Strategy  Europe High Yield Bond
Benchmark  BofAML Eurpan Ccy HY BB-B Constnd TR USD
Fund Structure  SICAV
UCITS 3 compliant  yes

Performance/Volatility

Return Date  2011-06-30
Return - 1 Month  -1.32%
Return - 2 Months  -0.91 %
Return - 3 Months  0.30%
Return - 6 Months  2.79 %
Return - 9 months  4.03 %
Return - 12 Months  13.32%
Annualized return 24 months  21.18 %
Annualized return 36 months  7.05 %
Annualized return 48 months  2.03 %
Annualized return 60 months  3.27 %
Return 120 months  0.00 %
Annualized return since Inception  3.62%
Return YTD  2.79%

Ratings

Morning Star Rating Date   2011-06-30
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - Overall  fund has a 2 star rating fund has a 2 star rating

Charges

Initial  5.00 %
Minimum Investment  €3,000,000
Maximum Managment Charge  0.60 %
Exit charge  1.00 %
Performance Fee  0.00 %

Contact

Contact Address  Level 5
Contact Address 2  60 Castlereagh Street
Contact city  Sydney
Contact country  Australia
Fund Admin Group  BNP Paribas
Web Address  www.bnpparibas.de
Email contact  Info.de@bnpparibas.com
Phone  1800 267 726

Price

Last Price Date  2011-07-05
Pre-tax nav  100000.00
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  €8.86
Price change (percentage)  0.01 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
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Ratings Disclaimer

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