Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.
This week, the Fidelity US High Yield fund defeats the Allianz US High Yield fund 5-1.
Allianz US High Yield fund
The fund concentrates on high-yielding corporate bonds of companies that are domiciled in the US. Up to 20% of the fund’s assets may be invested in securities that are denominated in currencies other than the US dollar.
Top 10 holdings:
- Caesars Entertainment (2.55%)
- Tenet Healthcare Corp (2.38%)
- Frontier Communications (1.75%)
- Clarios Global (1.75%)
- Iron Mountain (1.73%)
- Service Properties Trust (1.66%)
- Panther (1.62%)
- Seagate (1.62%)
- Nationstar (1.58%)
- Bombardier (1.57%)
Fidelity US High Yield fund
The fund primarily invests in US dollar-denominated high-yield corporate bonds. Emphasis is placed on bottom-up name selection, due diligence and ensuring adequate liquidity.
- CCO Holdings (2.55%)
- Tenet Healthcare Corp (1.65%)
- Community Health Systems (1.41%)
- Uniti Group (1.39%)
- Frontier Communications (1.37%)
- Dish Network Corp (1.36%)
- Carnival Corp (1.13%)
- Nationstar Mortgage Holdings (1.04%)
- Mauser Packaging (1%)
- Clear Channel (0.96%)
