Fact sheet: Canlife Threadneedle Hi YdBd Pn

Fund information
Fund name
Canlife Threadneedle High Yield Bond Pn PS4
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund manager
  • Barrie Whitmansince 17/03/2008
Underlying fund
Threadneedle Hi Yld Bd
Fund objective
The aim of the Fund is to provide income. The Fund invests at least two-thirds of its assets in high income paying bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies worldwide. High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
9.1%
1 Year rank in sector
46/56
Sector
PN Sterling High Yield
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.
26
Bid price
189.6
Offer price
199.5
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn17.7%
Zurich Royal Lon Stg ExYldBd Pn17.2%
L&G High Income Pn15.9%
FL AXA Gbl High Inc EP14.2%
CM Schroder Mthly Hi Inc Pn14%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • No data available.
  • Others13.4%
    Telecommunications12.7%
    Media12.5%
    Basic Industries8.9%
    Capital Goods7.9%
  • Global High Yield Fixed Interest95.9%
    Money Market4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%1.9%5%9.1%14.4%43%
Sector1.1%1.9%5.8%11.2%15.9%43.6%
Rank within sector12 / 5721 / 5746 / 5746 / 5621 / 4823 / 46
Quartile1st2nd4th4th2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.4%8.2%1.3%4.1%7.9%
Sector3.7%11.2%-0.1%4.4%6.8%
Rank within sector30 / 5747 / 5515 / 5318 / 4822 / 48
Quartile3rd4th2nd2nd2nd
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.
-0.18
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.
0.92
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.
0.21
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%.
4.25
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.
1.42
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.
-0.42
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.
0.9
Price movement
52 week high189.7
52 week low172.6
Current bid price189.6
Current offer price199.5
Current mid price-
Region
No data available.
Industry sector
1Others13.4%
2Telecommunications12.7%
3Media12.5%
4Basic Industries8.9%
5Capital Goods7.9%
6Banks7.2%
7Energy6.6%
8Utilities6.6%
9Automotive5.7%
Asset type
1Global High Yield Fixed Interest95.9%
2Money Market4.1%
Individual holdings
1GAZPROM4.5%
2TELEFONICA EUROP3%
3UNITYMEDIA2.8%
4WIND ACQUISITION2.3%
5TESCO PLC2.2%
6TELECOM ITALIA2.1%
7VIRGIN MEDIA2.1%
8ANGLO AMERICAN1.8%
9ALTICE SA1.7%
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 provide income. The Fund invests at least two-thirds of its assets in high income paying bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies worldwide. High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
No data available.
Fund manager
NameSinceBiography
Barrie Whitman17/03/2008Barrie Whitman joined the company in 1999 as is currently Head of Corporate Credit, EMEA, with responsibility for our high yield and investment grade fixed income teams in London. He manages the Threadneedle Credit Opportunities Fund and Strategic Bond Fund, and co-manages the Threadneedle High Yield Bond Fund as well as a number of institutional mandates.Barrie began his investment career in 1987 at United Bank of Kuwait as a credit analyst specialising in high yield bond investment. In 1990 he became a high yield fund manager and, in 1996, CIO for High Yield Investments. He then moved to Standard Bank London in 1997 as Head of European High Yield and Distressed Debt.Barrie graduated in 1982 with a BSc in Economics and Accounting from Hull University and qualified as a Chartered Accountant in 1986. He is also a member of the Institute of Chartered Accounts in England and Wales.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife Threadneedle High Yield Bond Pn PS4
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.79%
Bid price189.6
Offer price199.5
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBFL7
Canlife Threadneedle High Yield Bond Pn PS5
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.79%
Bid price113
Offer price113
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4TF
Data provided by

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