Fact sheet: F&C Extra Income Bond

Fund information
Fund name
F&C Extra Income Bond C Inc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund managers
  • Chris Brilssince 01/12/2012
  • Rebecca Seabrooksince 19/11/2009
Fund objective
The objective is to maximise income through investment primarily in fixed interest securities while seeking to control excessive credit risk. The fund will invest predominantly in a diversified portfolio of sterling and euro denominated fixed interest securities.
Benchmark
  • IA Sterling Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
5.3%
1 Year rank in sector
38/77
Sector
UT Sterling Strategic Bond
Yield
4.1%
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
£73m (£76m 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.
22
Mid price
57.17
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc12.8%
Fidelity I Stg Cr + Bd11.2%
Fidelity UK Inv Grd Lg Cr10.4%
Legg Mason IFBrwiGlInOp10.1%
AXA Framlington Mgd Inc9.4%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK102.3%
    Money Market-2.3%
  • Consumer Goods20.4%
    Banks17.5%
    Telecommunications13.6%
    Insurance10.3%
    Mortgage & Secured Bonds10%
  • UK Fixed Interest102.3%
    Money Market-2.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-1.8%2.4%5.3%13.7%43.1%
Sector-0.8%-2.8%2.5%5.2%13.2%31.8%
Rank within sector33 / 8331 / 8239 / 8238 / 7739 / 7114 / 60
Quartile2nd2nd2nd2nd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund6.1%0.2%6.5%6.1%18.6%
Sector6.2%-0.3%6.8%2.6%12.6%
Rank within sector41 / 7737 / 7435 / 7213 / 6411 / 61
Quartile3rd2nd2nd1st1st
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.
0.07
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.
1.05
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.
0.18
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%.
3.71
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.
1.12
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.
0.22
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.
0.91
Price movement
52 week high58.78
52 week low53.93
Current bid price-
Current offer price-
Current mid price57.17
Region
1UK102.3%
2Money Market-2.3%
Industry sector
1Consumer Goods20.4%
2Banks17.5%
3Telecommunications13.6%
4Insurance10.3%
5Mortgage & Secured Bonds10%
6Industrials9.4%
7Non-Cyclical Goods6.6%
8Others6.5%
9Utilities4.3%
Asset type
1UK Fixed Interest102.3%
2Money Market-2.3%
Individual holdings
1CORSAIR JERSEY LTD 314 5.697% 24 MAR 20171.8%
2FIAT FIN & TRADE 4.75% 15 JUL 20221.7%
3HYPO ALPE ADRIA BANK 2.375% 13 DEC 20221.5%
4SOCIETE GENERALE 5% BDS 17/01/24 USD200000144A1.5%
5CHANNEL LINK 30 JUN 20501.3%
6WIND ACQUISITION FINANCE SA 4% BDS 15/07/20 EUR1000001.3%
7ANNINGTON FINANCE NO 4 8.07% ASST BCKD NTS 10/1/23 GBP100001.2%
8UNITYMEDIA HESSEN / NRW 6.25% BDS 15/01/29 EUR10001.2%
9AXA1.1%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund objective
The objective is to maximise income through investment primarily in fixed interest securities while seeking to control excessive credit risk. The fund will invest predominantly in a diversified portfolio of sterling and euro denominated fixed interest securities.
Benchmark
  • IA Sterling Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Chris Brils01/12/2012Chris Brils joined the firm in January 2011 and is Head of High Yield. Prior to this, he was Head of High Yield at Pall Mall Investment Management, managing its flagship High Yield Europe Plus Fund that achieved a ‘AA’ rating from S&P and 5 stars from Morningstar among other funds. Prior to this he worked as the European Head of High Yield at ABN AMRO Asset Management. Chris is a CFA charterholder and has a Master’s degree in General Management from The Netherlands Business School, Nyenrode University and a Master’s degree in Forestry Science from Wageningen Agricultural University.
Rebecca Seabrook19/11/2009Rebecca has over 14 years of investment experience and is co-Head of UK Credit. She joined F&C in 2001 from Rothschild Asset Management. Rebecca has a BA in Accounting and Finance from the University of Wales and is a member of UK Society of Investment Professionals.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Chile, United Kingdom, Ireland
F&C Extra Income Bond 1 Inc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price47.74
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLU09
F&C Extra Income Bond 2 Inc
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price47.79
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLU10
F&C Extra Income Bond 3 Inc
Initial charge-
Annual charge0.25%
Min single investment£50,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price46.49
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeLU11
F&C Extra Income 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 price57.17
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG6HK
Data provided by

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