Fact sheet: Alliance Trust Mon Inc Bd

Fund information
Fund name
Alliance Trust Monthly Income Bond B Acc
Fund manager company
Alliance Trust Investments
Fund type
OEIC
Fund managers
  • Stuart Stevensince 13/06/2010
  • Aitken Rosssince 29/09/2016
  • Kenny Watsonsince 31/03/2015
Fund objective
The Fund aims to produce a monthly income yield and the prospect of capital growth by investing in a portfolio of assets which comprises predominantly corporate bonds, and also includes government bonds, whilst at the same time actively managing the interest rate exposure of the Fund. The Fund pays interest distributions monthly. The Fund holds investment-grade Sterling corporate bonds, government bonds, non-Sterling investment grade corporate bonds and relevant derivative instruments.
Benchmark
  • iBoxx Sterling Corporates 5-15 years
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.7%
1 Year rank in sector
61/92
Sector
UT Sterling Corporate Bond
Yield
5.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.64%
Fund size
£235m (£364m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
27
Mid price
139
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK62%
    France7%
    Spain6.2%
    Netherlands3.6%
    Italy3.6%
  • Banks26.7%
    Insurance19%
    Utilities14.6%
    Telecommunications13.7%
    Real Estate5%
  • UK Equities65%
    French Equities7%
    Spanish Equities6.2%
    Dutch Equities3.6%
    Italian Equities3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-2.3%4.4%5.7%13.6%40.7%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector11 / 9718 / 944 / 9461 / 9271 / 8722 / 71
Quartile1st1st1st3rd4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.7%0.4%6.1%1.4%21%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector61 / 9225 / 9075 / 8725 / 781 / 71
Quartile3rd2nd4th2nd1st
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.11
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.79
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.09
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.2
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.27
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.37
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.65
Price movement
52 week high142.3
52 week low124.7
Current bid price-
Current offer price-
Current mid price139
Region
1UK62%
2France7.01%
3Spain6.18%
4Netherlands3.57%
5Italy3.56%
6Channel Islands3.01%
7Portugal3%
8Germany3%
9Ireland2.76%
Industry sector
1Banks26.75%
2Insurance19.01%
3Utilities14.57%
4Telecommunications13.7%
5Real Estate4.99%
6Government Bonds4.71%
7Mortgage & Secured Bonds4.51%
8Industrials3.36%
9Food, Beverages and Tobacco2.05%
Asset type
1UK Equities65.02%
2French Equities7.01%
3Spanish Equities6.18%
4Dutch Equities3.57%
5Italian Equities3.56%
6Portuguese Equities3%
7German Equities3%
8Irish Equities2.76%
9Belgian Equities2.05%
Individual holdings
1UNITED KINGDOM GILT4.71%
2HSBC HLDGS4.59%
3LLOYDS BANKING GROUP PLC4.14%
4ROYAL BANK OF SCOTLAND GROUP PLC3.93%
5BRITISH TELECOM3.1%
6ORANGE SA3.1%
7DEUTSCHE TELEKOM AG3%
8ELECTRICIDAD DE PORTUGAL3%
9STANDARD LIFE ASSURANCE3%
Management
Fund manager group
Alliance Trust
Fund manager company
Alliance Trust Investments
Fund type
OEIC
Fund objective
The Fund aims to produce a monthly income yield and the prospect of capital growth by investing in a portfolio of assets which comprises predominantly corporate bonds, and also includes government bonds, whilst at the same time actively managing the interest rate exposure of the Fund. The Fund pays interest distributions monthly. The Fund holds investment-grade Sterling corporate bonds, government bonds, non-Sterling investment grade corporate bonds and relevant derivative instruments.
Benchmark
  • iBoxx Sterling Corporates 5-15 years
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stuart Steven13/06/2010Stuart has been involved in managing multi-currency fixed income portfolios since 1991, with experience in managing teams and marketing fixed income funds. He has an additional 5 years’ related investment experience. He joined Alliance Trust in December 2009 and is Co-Fund Manager of Alliance Trust Monthly Income Bond Fund. Following a period in industry, Stuart joined Britannic Asset Management in 1994 and became Head of Corporate Bonds with responsibility for managing investment grade portfolios for retail and institutional funds. In 2000 he joined Legal & General as Director, Corporate Bonds, where until 2006, he managed a highly successful team of credit specialists managing multi-currency assets. He joined Scottish Widows Investment Partnership in 2008 as Investment Director, managing a number of funds, including investment grade and & absolute return funds.
Aitken Ross29/09/2016Aitken joined the Management Training Programme in September 2010 after graduating in Accountancy and Finance (First Class Honours) from Dundee University and subsequently completing an MA in International Financial Analysis at Newcastle University. Aitken is also a CFA charterholder
Kenny Watson31/03/2015Kenny joined Alliance Trust in September 2013. Prior to this, he worked for Ignis Asset Management for 15 years, specialising first in UK smaller companies, before moving to the fixed income team in 2004 where he was responsible for the sub investment grade bond portfolios including the High Income Bond Fund. Prior to focusing on sub investment grade bonds, he was part of the team managing the investment grade life company mandates. He started his career at KPMG, after qualifying as a chartered accountant, before joining Murray Johnstone as a trainee fund manager in UK equities in 1994. Kenny has a BA in Accounting & Economics from the University of Strathclyde, is a chartered accountant and is an Associate of the UK Society of Investment Professionals.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Alliance Trust Monthly Income Bond B Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price139
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4K7
Alliance Trust Monthly Income Bond B Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price142.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4K8
Alliance Trust Monthly Income Bond B Gr Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price101.9
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L0
Alliance Trust Monthly Income Bond B Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price102.7
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4K9
Alliance Trust Monthly Income Bond P Acc
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.38%
Bid price-
Offer price-
Mid price140.7
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ4L1
Alliance Trust Monthly Income Bond P Gr Acc
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.33%
Total expense ratio (TER)0.39%
Bid price-
Offer price-
Mid price150.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJ4L2
Alliance Trust Monthly Income Bond P Gr Inc
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.33%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price103.8
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ4L4
Alliance Trust Monthly Income Bond P Inc
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.34%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price103.9
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJ4L3
Alliance Trust Monthly Income Bond Z Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L5
Alliance Trust Monthly Income Bond Z Gr Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L6
Alliance Trust Monthly Income Bond Z Gr Inc
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.13%
Total expense ratio (TER)0.18%
Bid price-
Offer price-
Mid price106.2
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L8
Alliance Trust Monthly Income Bond Z Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.17%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L7
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