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 08/04/2014
  • Steve Matthewssince 08/04/2014
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 data available.
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
4.3%
1 Year rank in sector
250/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£15m (£9m 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
105.4
Offer price
105.4
Top in this sector
Fund name1 Year
L&G PMC AAAAAA CpBd Ov15Y Id Pn14.7%
MetLife Fid Corp Bd 20yr Pn14.6%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.2%
BlackRock DC AqOv 15 YCrp BdIx HP14.1%
FL M&G All Stocks Corp Bd Pn13.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • Corporate Bonds84%
    Money Market9.6%
    Government Bonds6.4%
  • Global Corporate Fixed Interest84%
    Money Market9.6%
    UK Gilts6.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%0.7%1.8%4.3%--
Sector1.6%-0.8%0.1%8.1%18.9%37.5%
Rank within sector253 / 2646 / 2656 / 265250 / 260--
Quartile4th1st1st4th
Calendar performance
 YTD - 20172016201520142013
Fund0.2%4.1%---
Sector-0.3%9.4%0.2%10.5%1%
Rank within sector35 / 265251 / 260---
Quartile1st4th
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 high105.3
52 week low100.7
Current bid price105.4
Current offer price105.4
Current mid price-
Region
No data available.
Industry sector
1Corporate Bonds84%
2Money Market9.6%
3Government Bonds6.4%
Asset type
1Global Corporate Fixed Interest84%
2Money Market9.6%
3UK Gilts6.4%
Individual holdings
1TREASURY 4.5% GILT 07/03/2019 GBP0.016.5%
2FIL LTD 6.75% 20204.1%
3PGH CAPITAL 5 3/4% 20212.9%
4LONDON STKEX.GP.PLC 1/8% 20192.5%
5ELM 6.302%(F/R) PERP2.3%
6HSBC BANK PLC 5% SUB EUR MED TRM NTS 20/3/23 GBP(VAR)2.3%
7ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500002.3%
8JOHN LEWIS 8.375% 20192.2%
9RSA INSURANCE GROUP PLC 6.701% PERP GTD SUB CAP SECS GBP500002.2%
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 data available.
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mike Count08/04/2014Michael 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 Matthews08/04/2014Steve joined Albany Life in 1996 and has worked at Canada Life Investments since the acquisition of Albany in 1997, prior to which he worked at TSB and Royal Bank of Scotland. He worked in various roles before joining the investments team in 2002 and taking on responsibility for managing the cash funds.Steve is a Member of the Chartered Institute for Securities & Investment.
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 price101.1
Offer price106.4
Mid price-
CurrencyGBX
Price updated16/01/2017
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 price105.4
Offer price105.4
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4SY
Data provided by

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