Fact sheet: CF Canlife Corporate Bond

Fund information
Fund name
CF Canlife Corporate Bond C Acc GBP
Fund manager company
CF Canada Life Investments
Fund type
OEIC
Fund managers
  • Mike Countsince 30/06/2012
  • Bill Harersince 30/06/2012
Fund objective
The investment objective of the CF Canlife Corporate Bond Fund is to maximize returns and to provide Shareholders with a half-yearly income mainly from investment in sterling-denominated fixed income securities. The Sub-fund may also invest in collective investment schemes, cash, money market instruments, other transferable securities and derivatives and forward transactions for the purposes of Efficient Portfolio Management.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.3%
1 Year rank in sector
46/91
Sector
UT Sterling Corporate Bond
Yield
-
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.
0.57%
Fund size
£305m (£291m 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.
34
Mid price
244.44
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond10.4%
F&C Instl Lg Dtd Corp Bd9.2%
Newton Long Corporate Bond9.2%
Henderson Inst Long Dat Cr9.1%
Blackrock InstBdOver10YrCorp8.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK98.6%
    Money Market1.4%
  • Corporate Bonds97.3%
    Money Market1.4%
    Government Bonds1.3%
  • Global Corporate Fixed Interest97.3%
    Money Market1.4%
    UK Gilts1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-4.7%2.9%5.3%16.3%32.7%
Sector-1.6%-4.9%2.7%5.4%16.6%35%
Rank within sector49 / 9739 / 9437 / 9446 / 9153 / 8657 / 71
Quartile3rd2nd2nd3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.8%-0.3%10%0.1%10.1%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector49 / 9254 / 9049 / 8754 / 7861 / 71
Quartile3rd3rd3rd3rd4th
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.
-0.42
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.
1.07
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.
0.3
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%.
5.72
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.
0.67
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.
-0.08
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.
0.99
Price movement
52 week high258.06
52 week low225.56
Current bid price-
Current offer price-
Current mid price244.44
Region
1UK98.6%
2Money Market1.4%
Industry sector
1Corporate Bonds97.3%
2Money Market1.4%
3Government Bonds1.3%
Asset type
1Global Corporate Fixed Interest97.3%
2Money Market1.4%
3UK Gilts1.3%
Individual holdings
1YORKSHIRE WATER 5.5% 20371.7%
2DWR CYMRU 6.015% 20281.5%
3HSBC HLDGS 5.75% SUBORD NTS 20/12/27 GBP10001.5%
4APPLE INC 3.05% BDS 31/07/29 GBP1000001.4%
5PFP HOMES 5.09% 20431.4%
6PGH CAPITAL PLC 5.75% GTD BDS 07/07/21 GBP1000001.4%
7AMGEN INC 4% BDS 13/09/29 GBP1000001.3%
8NATIONAL GRID GAS FINANCE PLC 2.625% INST 22/09/38 GBP1000001.3%
9TELEFONICA EMISIONES SAU 5.597% NTS 12/03/20 GBP10001.3%
Management
Fund manager group
Canada Life Investments
Fund manager company
CF Canada Life Investments
Fund type
OEIC
Fund objective
The investment objective of the CF Canlife Corporate Bond Fund is to maximize returns and to provide Shareholders with a half-yearly income mainly from investment in sterling-denominated fixed income securities. The Sub-fund may also invest in collective investment schemes, cash, money market instruments, other transferable securities and derivatives and forward transactions for the purposes of Efficient Portfolio Management.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mike Count30/06/2012Michael Count joined Canada Life Investments from university in 2004 as a credit analyst and was promoted to fund manager in October 2007. Michael holds an MA in Maths and Management Studies and a Postgraduate Diploma in Computer Science and Economics from Cambridge University. He is a CFA charterholder and a member of the CFA Society of the UK.
Bill Harer30/06/2012Bill Harer joined Canada Life Investments in 1982. He supervises the overall risk profile for the fixed interest funds, manages the Index-linked Life and Pension Funds and is joint manager of the CF Canlife Corporate Bond Fund. Prior to joining Canada Life Investments, Bill spent five years in stock broking research. He holds an MA in Politics, Philosophy & Economics from Oxford University, and is an Associate of the CFA Society of the UK.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
CF Canlife Corporate Bond B Acc GBP
Initial charge4.75%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price242.25
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YLR
CF Canlife Corporate Bond B Inc GBP
Initial charge4.75%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.82%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price210.67
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMU02
CF Canlife Corporate Bond C Acc GBP
Initial charge4.75%
Annual charge0.5%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price244.44
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YLT
CF Canlife Corporate Bond C Inc GBP
Initial charge4.75%
Annual charge0.5%
Min single investment£100,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.57%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price212.99
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0YLS
Data provided by

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