Fact sheet: Canlife Gilt & Bond Pn

Fund information
Fund name
Canlife Gilt & Bond Pn PS4
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund manager
  • Bill Harersince 19/12/2008
No data available.
Fund objective
To maximise overall returns by investing primarily in government gilts and investment grade corporate bonds. In pursuing this objective the fund managers will alter the proportions held in gilts and corporate bonds to suit market conditions.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Quick stats
1 Year return
5%
1 Year rank in sector
122/175
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£83m (£78m 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.
36
Bid price
145.6
Offer price
153.2
Top in this sector
Fund name1 Year
OMW IPL F&C Real Dynamic LDI Pn45.8%
OMW IPL F&C Sht Pr Rl Dn LDI Pn43.6%
OMW IPL F&C Nominal Dyn LDI Pn35.9%
OMW IPL LGIM 2055IdxLkdGltPn18.8%
OMW IPL LGIMOvr15Yr I LGltPn17.4%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-5.4%2.2%5%16.6%26%
Sector-2.5%-7.2%4.4%7.7%22.7%32.8%
Rank within sector92 / 17842 / 17777 / 177122 / 175117 / 14276 / 127
Quartile3rd1st2nd3rd4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.6%-0.4%10.8%-2.1%6.6%
Sector10%-1.2%13.9%-1.7%6.6%
Rank within sector137 / 175101 / 153115 / 14261 / 13668 / 127
Quartile4th3rd4th2nd3rd
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.
-0.21
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.
0.76
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.
0.31
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%.
5.78
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.
2.23
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.
-0.82
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 high154.8
52 week low136.5
Current bid price145.6
Current offer price153.2
Current mid price-
Region
1UK100%
Industry sector
No data available.
Asset type
1UK Corporate Fixed Interest65.4%
2UK Gilts34.6%
Individual holdings
1CANLIFE CORPORATE BOND FUND65.4%
2CANLIFE FIXED INTEREST FUND34.6%
Management
Fund manager group
Canada Life
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund objective
To maximise overall returns by investing primarily in government gilts and investment grade corporate bonds. In pursuing this objective the fund managers will alter the proportions held in gilts and corporate bonds to suit market conditions.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Fund manager
NameSinceBiography
Bill Harer19/12/2008Bill 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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife Gilt & Bond Pn PS4
Initial charge-
Annual charge0.23%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.36%
Total expense ratio (TER)0.32%
Bid price145.6
Offer price153.2
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDXD8
Canlife Gilt & Bond Pn PS5
Initial charge-
Annual charge0.23%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.36%
Total expense ratio (TER)0.32%
Bid price106.8
Offer price106.8
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4PY
Data provided by

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