Fact sheet: Alliance Trust SF Corp Bd

Fund information
Fund name
Alliance Trust Sustainable Future Corporate Bond 2 Inc
Fund manager company
Alliance Trust Investments
Fund type
OEIC
Fund managers
  • Stuart Stevensince 29/09/2016
  • Kenny Watsonsince 30/09/2013
  • Aitken Rosssince 01/01/2015
Fund objective
The Fund aims to provide a higher long term return than that provided by UK Government bonds. Although there is some potential for the value of the Fund to grow, over the long term most of the returns are likely to be in the form of income. Long term is generally regarded as 5 years or more.
Benchmark
  • iBoxx Sterling Corporate
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.4%
1 Year rank in sector
33/91
Sector
UT Sterling Corporate Bond
Yield
3.7%
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.
0.6%
Fund size
£392m (£347m 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.
35
Mid price
80.99
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond11.8%
F&C Instl Lg Dtd Corp Bd10.8%
Henderson Inst Long Dat Cr10.6%
Newton Long Corporate Bond10.4%
Blackrock InstBdOver10YrCorp9.8%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK70.1%
    USA5.9%
    France5.1%
    Netherlands4.4%
    Spain3.1%
  • Insurance17%
    Banks16.6%
    Utilities15.9%
    Telecommunications10.8%
    Retail9%
  • Global Fixed Interest99.7%
    Cash & Cash Equivalents0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-5.1%4%6.4%17.9%44%
Sector-1.4%-5%2.9%5.9%16.4%35.1%
Rank within sector27 / 9744 / 9413 / 9433 / 9132 / 8617 / 71
Quartile2nd2nd1st2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.4%0.5%9.8%1.8%15.7%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector33 / 9216 / 9053 / 8718 / 7815 / 71
Quartile2nd1st3rd1st1st
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.
0.06
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.
1.08
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.
0.38
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%.
5.9
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.
1.48
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.
0.31
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.
0.94
Price movement
52 week high86.25
52 week low74.9
Current bid price-
Current offer price-
Current mid price80.99
Region
1UK70.05%
2USA5.93%
3France5.14%
4Netherlands4.36%
5Spain3.11%
6Germany2.63%
7Italy2.05%
8Belgium1.51%
9Switzerland1.38%
Industry sector
1Insurance16.95%
2Banks16.62%
3Utilities15.86%
4Telecommunications10.83%
5Retail8.96%
6Travel6.08%
7Financial Services3.7%
8Asset/Mortgage-Backed Securities3.66%
9Mortgage & Secured Bonds3.6%
Asset type
1Global Fixed Interest99.68%
2Cash & Cash Equivalents0.32%
Individual holdings
1LLOYDS BANKING GROUP PLC4.68%
2UNITED KINGDOM GILT3.12%
3BRITISH TELECOM2.99%
4NATIONAL GRID2.99%
5STANDARD LIFE ASSURANCE2.9%
6ORANGE SA2.69%
7DEUTSCHE TELEKOM AG2.63%
8HAMMERSON PLC2.53%
9PPL CORP2.5%
Management
Fund manager group
Alliance Trust
Fund manager company
Alliance Trust Investments
Fund type
OEIC
Fund objective
The Fund aims to provide a higher long term return than that provided by UK Government bonds. Although there is some potential for the value of the Fund to grow, over the long term most of the returns are likely to be in the form of income. Long term is generally regarded as 5 years or more.
Benchmark
  • iBoxx Sterling Corporate
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stuart Steven29/09/2016Stuart 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.
Kenny Watson30/09/2013Kenny 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.
Aitken Ross01/01/2015Aitken 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
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Alliance Trust Sustainable Future Corporate Bond 2 Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price80.99
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCU97
Alliance Trust Sustainable Future Corporate Bond 3 Inc
Initial charge-
Annual charge0.3%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price108
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGD09
Alliance Trust Sustainable Future Corporate Bond 6 Acc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5WM
Alliance Trust Sustainable Future Corporate Bond 9 Gr Inc
Initial charge-
Annual charge0.3%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.4
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ9IP
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.