QUALITY FUNDS
Corporate and high-yield bonds
Offshore/int’l funds 3-yr 3-yr Min init Curr Manager name Domicile Morningstar S&P Fd Forsyth UK Offshore bond
% chg vol inv ($) Rating Rating Rating reg? platforms
BlueBay High Yield Bond Fund B -4.63 16.49 126,805 € BlueBay Asset Mgt (London) Luxembourg HHHHH AAA/V4
Principal High Yield Inv -9.54 16.72 12,680 € Principal Global Investors Ireland HHHHH A/V4
CIF Global High Income Opp A € -0.35 13.22 6.34m € Capital International Luxembourg HHHH AA/V5 Y
Investec GSF Glbl Str Inc A Inc $ -4.55 10.12 3,000 $ Investec Asset Mgt Lux Luxembourg HHHH A/V4 Y
Allianz Pimco Corp Bd Eurpe A € -5.95 12.38 317 € Allianz Global Investors Luxembourg HHHH AA/V3 AA
Robeco High Yield Bonds -11.76 17.32 1.00 € Robeco Group Luxembourg HHHH A/V5
HSBC GIF Europe HY Bond AC € -15.45 18.52 6,340 € HSBC Investment Fnds (Lux) Luxembourg HHHH A/V5
Putnam New Flag Eur High Yld A -16.68 18.28 1.27m € Putnam Investments Ireland HHHH AA/V5
AB Global High Yield A $ -17.05 15.62 2,000 $ AllianceBernstein Luxembourg HHHH AA/V5
WMAM Compass Euro HY Bd A -18.26 19.59 634,025 € WestLB Mellon Asset Mgt Luxembourg HHHH AA/V5
Investec GSF HI Bnd (£) A Inc £ -22.34 18.24 3,231 £ Investec Asset Mgt Lux Luxembourg HHHH A/V4 Y
Funds of hedge funds
Offshore/int’l funds 3-yr 3-yr Min init Curr Manager name Domicile Morningstar S&P Fd Forsyth UK Offshore bond
% chg vol inv ($) Rating Rating Rating reg? platforms
GAM Diversity Inc $ Opn 11.83 7.44 25,000 $ GAM Fund Mgt (Ireland) BVI AAA
Permal Invest Holdings NV $ A 0.18 N/A 100,000 $ Permal Asset Management Neth Antilles AAA
GAM Multi-Emerging Markets $ 29.18 15.21 15,000 $ GAM Fund Mgt (Ireland) BVI AA
TR Sentinel A $ 24.61 5.21 10,000 $ Thames River Caymans AA
RMF Four Seasons Strategies € 16.67 12.69 N/S € RMF Invest Management Caymans AA
TR Sentinel Class C £ 14.95 11.9 16,157 £ Thames River Caymans AA
Permal Macro $ A 14.38 N/A 100,000 $ Permal Asset Management BVI AA
RMF Four Seasons Strats Cl N 13.86 6 500,000 $ RMF Invest Management Caymans AA
Permal Emerg Mkt Hold NV A 13.12 N/A 100,000 $ Permal Asset Management Neth Antilles AA
HDF Xiphias International AA $ 10.98 9.18 100,000 $ HDF International Luxembourg AA
HDF FIA Class A $ 9.57 4.98 100,000 $ HDF International Luxembourg AA
HDF Xiphias International AA € 8.06 N/A 126,805 € HDF International Luxembourg AA
HDF Xiphias International CC € 6.17 14.16 126,805 € HDF International Luxembourg AA
HDF Eurovest Class A € 5.54 15.89 126,805 € HDF International Luxembourg AA
Permal Multi-Strategy € A 5.53 N/A 31,701 € Permal Asset Management Luxembourg AA
RMF Four Seasons Strategies £ 5.23 12.57 N/S £ RMF Invest Management Caymans AA
MS $ A 4.63 6.88 25,000 $ Permal Asset Mgt (Lux) Luxembourg AA
HDF Eurovest Class A $ 3.3 10.12 100,000 $ HDF International Luxembourg AA
The Absolute Fund Class A 10.6 3.13 50,000 $ Absolute Fund Management Caymans A
HDF Amerivest Class A € 9.14 17.45 126,805 € HDF International Luxembourg A
Permal Natural Resources 6.04 N/A 100,000 $ Permal Asset Management BVI A
Permal Natural Resources € A 6 N/A 31701 € Permal Asset Management Luxembourg A
HDF Amerivest Class A $ 5.92 10.06 100,000 $ HDF International Luxembourg A
Permal Asian Hold NV A 2.01 N/A 100,000 $ Permal Asset Management Neth Antilles A
Alternative Opportunities € -0.42 14.78 158,506 € Benchmark Advisory Ireland A
Fixed income Europe
Offshore/int’l funds 3-yr 3-yr Min init Curr Manager name Domicile Morningstar S&P Fd Forsyth UK Offshore bond
% chg vol inv ($) Rating Rating Rating reg? platforms
UniEuroAspirant A 7.51 13.15 1.00 € Union Investment Lux Luxembourg HHHHH AA/V4
Axa WF Euro 7-10 I – Cap 7.05 10.37 6.34m € Axa Invest Managers Paris Luxembourg HHHHH A/V3
Axa WF Euro 3-5 I – Cap 10.86 9.67 6.34m € Axa Invest Managers Paris Luxembourg HHHH A/V2
BNY Mellon Euroland Bond C € 10.26 10.33 6.34m € BNY Mellon Asset Mgt Int’l Ireland HHHH AA/V3 Y
Axa WF Euro 5-7 I – Cap 10.17 9.8 6.34m € Axa Invest Managers Paris Luxembourg HHHH A/V3
DWS Eurorenta 2.91 11.29 0 € DWS Investment Luxembourg HHHH AA/V3 Y
Data source: © 2008 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. Performances have been calculated on a bid-to-bid, $, gross income basis.
Volatility is expressed as standard deviation of 36 monthly total returns (bid-to-bid). 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. The Overall
Morningstar Rating published here is based on a weighted average of a fund’s three-, five- and ten-year ratings, depending on the length of its record.
46 INTerNATIONAL ADVISer [www.international-adviser.com] December 2008
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