Fact sheet: Canlife Threadneedle AR Bd Pn

Fund information
Fund name
Canlife Threadneedle Absolute Return Bond Pn PS4
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund managers
  • Quentin Fitzsimmonssince 24/09/2009
  • Peter Allwrightsince 24/09/2009
  • Stuart Frostsince 01/02/2010
Underlying fund
Threadneedle AbsRtnBd
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 12 month period, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
-8.3%
1 Year rank in sector
513/514
Sector
PN Specialist
Yield
-
Fund size
£0m (£0m 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.
32
Bid price
83.6
Offer price
88
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...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-2.1%-4.7%-8.3%-9.2%-10.6%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector453 / 546419 / 545526 / 531513 / 514384 / 386313 / 317
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-6.4%-3.6%0.2%-1.3%0.2%
Sector9.3%2%7.2%11%7.7%
Rank within sector506 / 514418 / 450351 / 388342 / 357298 / 318
Quartile4th4th4th4th4th
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.
-3.5
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.
0.11
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
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%.
4.4
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.
6.76
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.
-1.29
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.
0.02
Price movement
52 week high91.2
52 week low83.8
Current bid price83.6
Current offer price88
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Canada Life
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund objective
The aim of the Fund is to make a positive return for you over a rolling 12 month period, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Quentin Fitzsimmons24/09/2009Quentin Fitzsimmons is an Executive Director and Head of Government Bonds & Foreign Exchange at Threadneedle. He has significant experience and a strong track record in managing third party institutional fixed income client mandates for over 10 years, encompassing the full range of economic and market conditions. Quentin began his career in 1991 at Sun Life Assurance Company of Canada, where he progressed to senior investment analyst before moving to the Equitable Life Assurance Society in 1994 as senior portfolio manager. He then joined F&C (formerly Foreign & Colonial) Investment Management in 1999 and became director of fixed interest (UK bonds) before joining Threadneedle in September 2003. Today, Quentin is responsible for managing a variety of institutional and retail fixed income portfolios and has been a key contributor to the successful development of Threadneedle's absolute return franchise, leading the team and playing a pivotal role in gathering assets. He is also a member of the firm's Asset Allocation Committee and chairs the monthly Economic Background meeting. As such, his is one of the significant voices that shapes Threadneedle's overall investment thinking and strategy. Quentin graduated in 1989 from the University of Bristol with a first class honours degree in economics and economic history. He is also a Member of the Society of Business Economists and has gained professional investment qualifications via the IIMR.
Peter Allwright24/09/2009Peter joined RWC in October 2010 to launch the Absolute Return Bond and Currency Team. He was previously the Co-Portfolio Manager for the Absolute Return Bond and Macro Funds from their inception at Threadneedle. At the time of their departure there was over $3bn AUM in the strategies. He also managed the Threadneedle European Bond and Global Bond Funds. During his time at Threadneedle, the Absolute Return Bond Fund was AA rated by S&P and A rated by OBSR; Peter was also awarded 2 Gold Medals by Sauren in 2009 & 2011. Previously, Peter was a Senior Portfolio Manager at Gartmore and Royal London Asset Management where he managed the award winning Overseas Bond Fund. His global bond fund was the Professional Pensions best performing Fund for 3 years running. He started his career at Nomura, Nikko and Svenska Handelsbanken as a proprietary trader and market maker in government bond and credit markets. Peter holds an MA (hons) from the University of Cambridge in Engineering and Management Studies and is a CFA Charterholder.
Stuart Frost01/02/2010Stuart joined RWC in October 2010 to launch the Absolute Return Bond and Currency Team. He was previously the Co-Portfolio Manager together with Peter Allwright of the Absolute Return Bond and Macro Funds at Threadneedle. At the time of their departure there was over $3bn AUM in the strategies. During his time at Threadneedle, the Absolute Return Bond fund was AA rated by S&P and A rated by OBSR; Stuart was also awarded 2 Gold Medals by Sauren in 2011. Previously, Stuart was head of Global Charting at Lloyds TSB Markets and a Senior Manager focussing on FX and bonds at Gartmore. Prior to this he held a number of senior research and trading positions in the currency and fixed income space at NatWest Markets for over 20 years. In 1992 he established and managed the NatWest Treasury technical analysis and fundamental research Team in London looking at FX and rates primarily, latterly global macro analysis, after having held various trader positions in New York. He was a regular top 3 winner in the Euro money FX and Greenwich markets survey polls. Stuart was also a guest lecturer at City University Business School in London.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife Threadneedle Absolute Return Bond Pn PS4
Initial charge-
Annual charge0.63%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.75%
Bid price83.6
Offer price88
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeERN8
Canlife Threadneedle Absolute Return Bond Pn PS5
Initial charge-
Annual charge0.63%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.75%
Bid price91.7
Offer price91.7
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4TB
Data provided by

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