Fact sheet: FL Standard Life Crp Bd AP

Fund information
Fund name
FL Standard Life Investments Investment Grade Corporate Bond AP
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Mark Munrosince 01/03/2014
  • Daniel McKernansince 01/12/2013
Underlying fund
Stan Life Inv InvGCorpBd
Fund objective
Standard Life state that the objective of the fund is to provide a return from income and capital appreciation. Any income received will be reinvested to increase the value of the units. The fund will mostly invest in sterling fixed interest securities issues by corporations. The fund may also invest in other transferable securities, money-market instruments, deposits, cash and near cash, derivatives and collective investment schemes.
Benchmark
  • IA Sterling Corporate Bond
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7%
1 Year rank in sector
87/259
Sector
PN Sterling Corporate 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.
37
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn13.4%
MetLife Fid Corp Bd 20yr Pn12.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn11.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn11.3%
FL TEActv Bln Bd IE11.1%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK53.6%
    USA12.5%
    Netherlands5.7%
    France5.3%
    Jersey5%
  • BBB52.6%
    A28.7%
    BB14%
    AA2%
    AAA1.9%
  • UK Fixed Interest59%
    US Fixed Interest12.5%
    Dutch Fixed Interest5.7%
    French Fixed Interest5.3%
    American Emerging Fixed Interest3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-5.5%3.7%7%18.8%45.1%
Sector-1.4%-5.1%3.2%6.5%18.1%39.4%
Rank within sector80 / 264185 / 26487 / 26487 / 25997 / 23447 / 209
Quartile2nd3rd2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund8.3%0.2%10.3%2.1%15.9%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector71 / 259140 / 245136 / 23472 / 22548 / 209
Quartile2nd3rd3rd2nd1st
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.
-0.23
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.
1.08
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.
0.43
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%.
5.78
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.
0.84
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.
0.23
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.
0.98
Price movement
52 week high369.5
52 week low318.6
Current bid price-
Current offer price-
Current mid price348.5
Region
1UK53.6%
2USA12.5%
3Netherlands5.7%
4France5.3%
5Jersey5%
6Cayman Islands2.8%
7Australia2.6%
8Money Market1.6%
9Ireland1.5%
Industry sector
1BBB52.6%
2A28.7%
3BB14%
4AA2%
5AAA1.9%
6B1.1%
7Non-Rated-0.3%
Asset type
1UK Fixed Interest59%
2US Fixed Interest12.5%
3Dutch Fixed Interest5.7%
4French Fixed Interest5.3%
5American Emerging Fixed Interest3.3%
6Australian Fixed Interest2.6%
7Money Market1.6%
8Irish Fixed Interest1.5%
9Spanish Fixed Interest1.4%
Individual holdings
1AA 4.72% 20181.7%
2LONGSTONE FINANCE 4.896% 20311.5%
3AT&T INC 5.2% NTS 18/11/33 GBP3500000001.4%
4E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP500001.4%
5TESCO 6.125% NTS 24/02/22 GBP500001.3%
6AA 4.249% 20201.2%
7ELECTRICITE DE FRANCE 5.875% PERP1.2%
8SOUTHERN WATER SERVICES 4.5% 20381.2%
9BARCLAYS BANK 10.0% 20211.1%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
Standard Life state that the objective of the fund is to provide a return from income and capital appreciation. Any income received will be reinvested to increase the value of the units. The fund will mostly invest in sterling fixed interest securities issues by corporations. The fund may also invest in other transferable securities, money-market instruments, deposits, cash and near cash, derivatives and collective investment schemes.
Benchmark
  • IA Sterling Corporate Bond
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Munro01/03/2014Mark is responsible for managing a number of institutional funds in the corporate bond team. Previously in his role as an analyst Mark was responsible for providing company research and trade ideas for the credit team. He has also worked as an analyst on the UK small cap equities team.Before joining SWIP, Mark spent four years working in the derivatives market, trading futures electronically on the Chicago Board of Trade.Mark is a CFA charterholder and has the Investment Management Certificate. He is a Bachelor of Law (LLB) from the University of Edinburgh.
Daniel McKernan01/12/2013Daniel McKernan joined Standard Life Investments in 2013, as Head of Sterling Investment Grade Credit. He has responsibility for a number of large credit and aggregate bond mandates. Daniel has over 20 years' investment management experience as a fixed income fund manager and prior to joining us worked at Scottish Widows Investment Partnership as Head of European and Sterling Credit. He has also worked at BlackRock, Aegon Asset Management and Norwich Union.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL Standard Life Investments Investment Grade Corporate Bond AP
Initial charge-
Annual charge0.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price348.5
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEX05
FL Standard Life Investments Investment Grade Corporate Bond AP Inet
Initial charge-
Annual charge1.33%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price331.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEM97
Data provided by

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