Fact sheet: Canlife Tndle Strtgc Bd Pn

Fund information
Fund name
Canlife Threadneedle Strategic Bond Pn PS4 Acc
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund managers
  • Barrie Whitmansince 01/01/2009
Underlying fund
Threadneedle Strat Bd
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests at least two-thirds of its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate), issued by companies or governments in the UK and Europe as well as by large international organisations such as the World Bank or the International Monetary Fund. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices). The Fund’s strategy is to allocate investments between higher rated bonds and lower rated bonds. Higher rated bonds, as defined by international agencies that provide such ratings, are considered safer than lower rated bonds but typically pay a lower income. Lower rated bonds are considered to be higher risk, but typically pay a higher income. Where the bonds are not priced in British Pounds, the Fund may take measures that aim to mitigate the risk of currency movements against the British Pound. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Quick stats
1 Year return
7.9%
1 Year rank in sector
87/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£1m (£1m 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.
21
Bid price
205.3
Offer price
216.1
Top in this sector
Fund name1 Year
Canlife AXA Fram Mgd Inc Pn13%
OMW AXA Framlington Mgd Inc12.9%
AXA Wealth AXA Fram Mgd Inc Pn12.8%
LV= Artemis High Income Pn12.4%
SJP Corporate Bond Pn12.1%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.8%1.4%7.9%11%28.4%
Sector0.4%1.9%1.8%7.5%12.7%33.8%
Rank within sector117 / 174102 / 174108 / 17287 / 168110 / 157108 / 146
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.4%7.3%-0.2%3.8%4%
Sector1.5%6.7%0.7%5.6%5.9%
Rank within sector103 / 17470 / 168115 / 163121 / 156112 / 152
Quartile3rd2nd3rd4th3rd
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.
-1.07
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.
1.13
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.
0.03
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%.
3.81
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.
1.14
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.
-0.49
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.
0.92
Price movement
52 week high205.8
52 week low190.2
Current bid price205.3
Current offer price216.1
Current mid price-
Region
1Europe97.8%
2Money Market2.2%
Industry sector
1BBB38.6%
2BB26.1%
3B16.3%
4A8.7%
5CCC3.6%
6Non-Rated3%
7Money Market2.2%
8AA2%
9AAA0.1%
Asset type
1European Fixed Interest97.8%
2Money Market2.2%
Individual holdings
1PENNON GROUP PLC 6.75% PERP1.3%
2INNOGY FINANCE BV 6.25% 03/06/20301.2%
3NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001.2%
4BHP BILLITON FINANCE 6.5% SUB NC7 RST NTS 22/10/77 GBP1000001.1%
5AT&T INC 4.375% NTS 14/09/29 GBP10001%
6FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1%
7ANNINGTON FINANCE NO 5 13% BDS 15/01/23 GBP1000000.9%
8APT PIPELINES LTD 4.25% BDS 26/11/24 GBP1000000.9%
9LIBERTY MUTUAL GROUP INC 2.75% NTS 04/05/26 EUR1000000.9%
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 with the potential to grow the amount you invested. The Fund invests at least two-thirds of its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate), issued by companies or governments in the UK and Europe as well as by large international organisations such as the World Bank or the International Monetary Fund. The Fund invests directly in these assets or by using derivatives. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets. Derivatives will be used to obtain, increase or reduce exposure to underlying assets and may create gearing. Where gearing is created, the net asset value of the Fund may experience more fluctuation than if there were no gearing. The Fund will also use derivatives for short selling (which is designed to make a profit from falling prices). The Fund’s strategy is to allocate investments between higher rated bonds and lower rated bonds. Higher rated bonds, as defined by international agencies that provide such ratings, are considered safer than lower rated bonds but typically pay a lower income. Lower rated bonds are considered to be higher risk, but typically pay a higher income. Where the bonds are not priced in British Pounds, the Fund may take measures that aim to mitigate the risk of currency movements against the British Pound. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • No Specified Index
Investment style
None
Investment method
No data available.
Fund managers
NameSinceBiography
Barrie Whitman01/01/2009Barrie 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 Strategic Bond Pn PS4 Acc
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 price205.3
Offer price216.1
Mid price-
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOI71
Canlife Threadneedle Strategic Bond Pn PS5 Acc
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 price108.6
Offer price108.6
Mid price-
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4TH
Data provided by

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