Fact sheet: Canlife Sht Dur Corp Bd Pn

Fund information
Fund name
Canlife Short Duration Corporate Bond Pn PS5
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund managers
  • Mike Countsince 09/04/2014
  • Steve Matthewssince 09/04/2014
No data available.
Fund objective
The fund aims to maximize returns from investment in sterling-denominated fixed income securities with an emphasis on short dated maturities.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
4.1%
1 Year rank in sector
252/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£20m (£10m 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.
7
Bid price
106.9
Offer price
106.9
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP15.4%
OMW IPL L&G AAA CrpBdOv15YIx Pn15.2%
AEGON UK Long Corporate Bond Pn14.5%
AEGON Long Core Plus Pn14.4%
MetLife Fid Corp Bd 20yr Pn13.8%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.9%2.2%4.1%--
Sector1%2.3%5.3%9.1%20.1%38.4%
Rank within sector242 / 263252 / 262250 / 260252 / 259--
Quartile4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.6%4.1%---
Sector3.2%9.4%0.2%10.5%1%
Rank within sector250 / 260247 / 256---
Quartile4th4th
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 high106.9
52 week low102.7
Current bid price106.9
Current offer price106.9
Current mid price-
Region
No data available.
Industry sector
1Corporate Bonds100.6%
2Money Market-0.6%
Asset type
1Global Corporate Fixed Interest100.6%
2Money Market-0.6%
Individual holdings
1FIL LTD 6.75% 20203.9%
2ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500002.7%
3PGH CAPITAL 5 3/4% 20212.7%
4CLOSE BROTHERS 20212.6%
5HSBC BANK PLC 5% SUB EUR MED TRM NTS 20/3/23 GBP(VAR)2.5%
6MITHCHE;;S & BUTLERS 5.965% 20252.5%
7UNIQUE PUB FINANCE 6.542% BDS 30/3/21 GBP1000002.5%
8GENERAL ELECTRIC 6.25% 20202.4%
9NATIONAL AUSTRALIA BANK 7.125% BDS 12/06/23 GBP500002.4%
Management
Fund manager group
Canada Life
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund objective
The fund aims to maximize returns from investment in sterling-denominated fixed income securities with an emphasis on short dated maturities.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mike Count09/04/2014Michael 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.
Steve Matthews09/04/2014Steve 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife Short Duration Corporate Bond Pn PS4
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.25%
Bid price102.3
Offer price107.6
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK9GR
Canlife Short Duration Corporate Bond Pn PS5
Initial charge-
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.21%
Total expense ratio (TER)0.25%
Bid price106.9
Offer price106.9
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4SY
Data provided by

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