Fact sheet: CF Canlife ShrtDurCorpBd

Fund information
Fund name
CF Canlife Short Duration Corporate Bond C Acc GBP
Fund manager company
CF Canada Life Investments
Fund type
OEIC
Fund managers
  • Steve Matthewssince 30/09/2016
  • Mike Countsince 30/09/2016
Fund objective
The CF Canlife Short Duration Corporate Bond Fund aims to provide a return through income.The Sub-fund will primarily invest in sterling denominated corporate fixed interest securities with an emphasis on investment grade short dated maturities. The Sub-fund may also invest in other debt securities including non-investment grade, non-sterling corporate bonds, government and public securities and money market instruments, and also in other transferable securities, cash, near cash and collective investment schemes.
Benchmark
  • iBoxx UK Sterling Non-Gilts 1-5 Years TR in GBP
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
UT Sterling Corporate Bond
Yield
2.7%
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.
0.69%
Fund size
£28m (£20m last year)
Mid price
100.74
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17%
Henderson Inst Long Dat Cr15.7%
F&C Instl Lg Dtd Corp Bd15.3%
Insight UK Corp Lg Mat Bd14.7%
Fidelity Inst UK Lg Crp Bd14.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • International92.7%
    Money Market7.3%
  • BBB62%
    A-30.7%
    Money Market7.3%
  • Global Corporate Fixed Interest92.7%
    Money Market7.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.1%1.6%---
Sector1%2.9%2.2%9%18.7%34.7%
Rank within sector89 / 9690 / 9476 / 92---
Quartile4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.2%----
Sector2.4%9.1%-0.3%10.1%0.2%
Rank within sector86 / 94----
Quartile4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high100.71
52 week low98.93
Current bid price-
Current offer price-
Current mid price100.74
Region
1International92.7%
2Money Market7.3%
Industry sector
1BBB62.02%
2A-30.68%
3Money Market7.3%
Asset type
1Global Corporate Fixed Interest92.7%
2Money Market7.3%
Individual holdings
1UNIQUE PUB FINANCE 6.542% BDS 30/3/21 GBP1000002.5%
2BSKYB FINANCE UK 5.75% SNR UNS NTS 20/10/17 GBP `144A`2.3%
3CLOSE BROTHERS FINANCE 3.875% NTS 27/06/21 GBP1000002.2%
4SUNCORP INSURANCE FUNDING 2007 LTD 6.25%/FLTG RATE SUB NTS 13/6/27 GBP500002.2%
5AVIVA 6.625% NTS 03/06/41 GBP1000002.1%
6BIRMINGHAM AIRPORT(FINANCE) 6.25% GTD BDS 22/2/2021 GBP(VAR)2.1%
7E.ON INTERNATIONAL FINANCE 6% SNR EMTN 30/10/19 GBP500002.1%
8FIDELITY INTERNATIONAL 6.75% NTS 19/10/20 GBP500002.1%
9IMPERIAL BRANDS FINANCE PLC 7.75% GTD NTS 24/06/19 GBP500002.1%
Management
Fund manager group
Canada Life Investments
Fund manager company
CF Canada Life Investments
Fund type
OEIC
Fund objective
The CF Canlife Short Duration Corporate Bond Fund aims to provide a return through income.The Sub-fund will primarily invest in sterling denominated corporate fixed interest securities with an emphasis on investment grade short dated maturities. The Sub-fund may also invest in other debt securities including non-investment grade, non-sterling corporate bonds, government and public securities and money market instruments, and also in other transferable securities, cash, near cash and collective investment schemes.
Benchmark
  • iBoxx UK Sterling Non-Gilts 1-5 Years TR in GBP
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Steve Matthews30/09/2016Steve joined Canada Life Investments in 1996 and took on responsibility for the cash funds in 2002. Since 2002, Steve’s role has expanded to encompass managing on balance sheet assets and providing liquidity coverage for Canada Life and its subsidiaries. Steve is a fellow of the Chartered Institute for Securities and Investments.
Mike Count30/09/2016Michael 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.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
CF Canlife Short Duration Corporate Bond C Acc GBP
Initial charge4.75%
Annual charge0.5%
Min single investment£100,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.74
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEHM
CF Canlife Short Duration Corporate Bond C Inc GBP
Initial charge4.75%
Annual charge0.5%
Min single investment£100,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.03
CurrencyGBX
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNEHN
CF Canlife Short Duration Corporate Bond I Acc GBP
Initial charge4.75%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.28
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeNEHP
CF Canlife Short Duration Corporate Bond I Inc GBP
Initial charge4.75%
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price100.28
CurrencyGBX
Price updated25/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNEHQ
Data provided by

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