Fact sheet: F&C Corporate Bond

Fund information
Fund name
F&C Corporate Bond C Inc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund managers
  • Ian Robinsonsince 01/09/2002
Fund objective
The fund aims to provide a high income through investment principally in fixed interest securities primarily in corporate bonds. This policy aims to achieve this without exposure to high levels of credit risk.
Benchmark
  • IA £ Corporate Bond Median
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
9.3%
1 Year rank in sector
49/89
Sector
UT Sterling Corporate Bond
Yield
3.5%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.61%
Fund size
£31m (£30m 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.
30
Mid price
59.51
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.1%
Henderson Inst Long Dat Cr15.8%
Insight UK Corp Lg Mat Bd15.8%
Fidelity Inst UK Lg Crp Bd15.5%
F&C Instl Lg Dtd Corp Bd15.3%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK99.5%
    Money Market0.5%
  • Banks21.5%
    Mortgage & Secured Bonds17.2%
    Insurance11.2%
    Others10.7%
    Consumer Goods9.9%
  • UK Fixed Interest99.5%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%2.4%5.9%9.3%19.4%41.2%
Sector1.1%2.3%5.5%9.3%19.3%35%
Rank within sector45 / 9636 / 9641 / 9449 / 8951 / 8321 / 69
Quartile2nd2nd2nd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.8%8.5%0.5%10.2%2.4%
Sector3.5%9.1%-0.3%10.1%0.2%
Rank within sector35 / 9456 / 8720 / 8544 / 8211 / 76
Quartile2nd3rd1st3rd1st
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.
0.46
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.
0.95
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.
0.5
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%.
5.1
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.
0.54
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.
0.3
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.
0.99
Price movement
52 week high60.35
52 week low56.03
Current bid price-
Current offer price-
Current mid price59.51
Region
1UK99.5%
2Money Market0.5%
Industry sector
1Banks21.5%
2Mortgage & Secured Bonds17.2%
3Insurance11.2%
4Others10.7%
5Consumer Goods9.9%
6Government Bonds8.2%
7Utilities6.6%
8Telecommunications5.6%
9Financial Services5%
Asset type
1UK Fixed Interest99.5%
2Money Market0.5%
Individual holdings
1TREASURY 4.5% GILT 7/9/2034 GBP0.014.8%
2INVESTEC BANK PLC 9.625% SUBORD NTS 17/02/22 GBP1000001.8%
3UNITED KINGDOM 3.5%1.8%
4MACQUARIE BANK 3.5% DEBT INST 18/12/20 GBP1000001.7%
5AA BOND 2.875% 31 JAN 20221.5%
6HYPO ALPE ADRIA BANK 2.375% 13 DEC 20221.2%
7EUROPEAN INVESTMENT BANK 3.875% BDS 08/06/37 GBP10001.1%
8PREMIERTEL CLS`B`6.175% BDS 8/5/32 GBP10001.1%
9EI GROUP PLC 6% SEC BDS 06/10/23 GBP1000001%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund objective
The fund aims to provide a high income through investment principally in fixed interest securities primarily in corporate bonds. This policy aims to achieve this without exposure to high levels of credit risk.
Benchmark
  • IA £ Corporate Bond Median
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Robinson01/09/2002Ian is the head of credit. Prior to joining the group in 2002 he worked at WestLB Asset Management as a fund manager in the global fixed income and currencies team, with responsibilities for sterling investments and global credit exposure. In 1996, he joined MGM Assurance as a fixed income fund manager, having started his career with Whittingdale in 1992. He has an MSc (Eng) in Integrated Management Systems and a first class BSc (Hons) in Software Engineering from the University of Birmingham. Ian also holds the IIMR.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland
F&C Corporate Bond 1
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price59.72
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQM21
F&C Corporate Bond C Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price59.51
CurrencyGBX
Price updated25/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG6HP
Data provided by

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