Fact sheet: Canlife Corporate Bond Pn

Fund information
Fund name
Canlife Corporate Bond Pn PS4 Acc
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund managers
  • Bill Harersince 30/06/2012
  • Mike Countsince 30/06/2012
No data available.
Fund objective
The fund’s investment objective is to maximise returns and to provide investors with a half-yearly income mainly from investment in sterling-denominated fixed income securities. This is an accumulation fund and income will be reinvested to increase the value of units rather than distributed.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Quick stats
1 Year return
11.7%
1 Year rank in sector
65/261
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£95m (£92m 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
Bid price
214.6
Offer price
225.8
Top in this sector
Fund name1 Year
L&G PMC AAAAAA CpBd Ov15Y Id Pn19.2%
OMW IPL L&G AAA CrpBdOv15YIx Pn18.2%
BlackRock DC AqOv 15 YCrp BdIx HP18.1%
Zurich M&G All StCor Bd16.9%
FL M&G All Stocks Corp Bd Pn16.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK96.9%
    Money Market3.1%
  • Corporate Bonds96.1%
    Money Market3.1%
    Government Bonds0.8%
  • Global Corporate Fixed Interest96.1%
    Money Market3.1%
    UK Gilts0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%3.6%-1.3%11.7%19.6%33.8%
Sector1.6%2.9%-2.3%10.5%19.9%36.7%
Rank within sector67 / 26245 / 26477 / 26565 / 261121 / 235153 / 215
Quartile2nd1st2nd1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.3%9.3%-0.3%10.1%0.2%
Sector0.9%9.4%0.2%10.5%1%
Rank within sector54 / 265131 / 260177 / 246146 / 235170 / 226
Quartile1st3rd3rd3rd4th
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.
-0.56
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.
1.04
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.
0.32
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%.
5.65
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.
1.01
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.
-0.34
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.
0.97
Price movement
52 week high218.5
52 week low191.9
Current bid price214.6
Current offer price225.8
Current mid price-
Region
1UK96.9%
2Money Market3.1%
Industry sector
1Corporate Bonds96.1%
2Money Market3.1%
3Government Bonds0.8%
Asset type
1Global Corporate Fixed Interest96.1%
2Money Market3.1%
3UK Gilts0.8%
Individual holdings
1YORKSHIRE WATER 5.5% 20371.8%
2HSBC HLDGS 5.75% SUBORD NTS 20/12/27 GBP10001.6%
3APPLE INC 3.05% BDS 31/07/29 GBP1000001.5%
4DWR CYMRU 6.015% 20281.5%
5PFP HOMES 5.09% 20431.5%
6PGH CAP 5.75% 20211.5%
7SEVERN TRENT 2.75% 20311.4%
8AMGEN 4% 20291.3%
9NATIONAL GRID GAS 2.625% 20381.3%
Management
Fund manager group
Canada Life
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund objective
The fund’s investment objective is to maximise returns and to provide investors with a half-yearly income mainly from investment in sterling-denominated fixed income securities. This is an accumulation fund and income will be reinvested to increase the value of units rather than distributed.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Fund managers
NameSinceBiography
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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife Corporate Bond Pn PS4 Acc
Initial charge-
Annual charge0.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)0.32%
Bid price214.6
Offer price225.8
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeC381
Canlife Corporate Bond Pn PS5 Acc
Initial charge-
Annual charge0.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)0.43%
Bid price110.2
Offer price110.2
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4OY
Data provided by

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