Fact sheet: HLL Royal Ldn UK Govt Bond Pn

Fund information
Fund name
HLL Royal London UK Government Bond Pn 50
Fund manager company
Hawthorn Life Limited
Fund type
Pension Fund
Fund managers
  • Paul Raynersince 31/03/2009
  • Craig Inchessince 31/03/2009
Underlying fund
Royal London UK Government Bd
Fund objective
HLL to invest 100% in underlying asset. The aim of the Royal London UK Government is to maximise total investment return (income and capital growth) over the medium to long term by investing mainly in UK government bonds. Sterling corporate bonds may also be held.
Benchmark
  • FTSE All Stock Gilt
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
7.3%
1 Year rank in sector
49/178
Sector
PN UK Gilts
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.
44
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn19%
AXA Wealth Teams Act UK Lg Glts Pn14.5%
Baillie Gifford Active Lg Gi+ Pn13.5%
Zurich Long Dated Gilt Pn13.3%
AEGON UK Long Gilt Pn13.2%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

  • UK100%
  • Government Bonds92.2%
    Index Linked6%
    Government Agency Bonds1.4%
    Financial Services0.4%
  • UK Gilts91.9%
    Global Index Linked6%
    Global Corporate Fixed Interest1.8%
    Global Government Fixed Interest0.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-6.1%1.6%7.3%21.5%23.2%
Sector-2.2%-7.1%1.1%7%21.1%21.1%
Rank within sector34 / 17947 / 17827 / 17849 / 17842 / 17030 / 156
Quartile1st2nd1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund8%0.8%12.2%-3.7%3%
Sector7.8%-0.3%13.3%-4.8%2.3%
Rank within sector52 / 17821 / 17565 / 17015 / 16524 / 156
Quartile2nd1st2nd1st1st
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.
0.81
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.
0.9
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.
0.47
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%.
6.61
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.
1.02
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.
0.21
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 high15.06
52 week low13
Current bid price-
Current offer price-
Current mid price14.05
Region
1UK100%
Industry sector
1Government Bonds92.2%
2Index Linked6%
3Government Agency Bonds1.4%
4Financial Services0.4%
Asset type
1UK Gilts91.9%
2Global Index Linked6%
3Global Corporate Fixed Interest1.8%
4Global Government Fixed Interest0.3%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.019.9%
2TREASURY 1.25% IDX-LKD GILT 22/11/17 GBP0.015%
3TREASURY 3.75% GILT 07/09/21 GBP5%
4TREASURY 5% GILT 20254.5%
5TREASURY 5% GILT 07/03/18 GBP4.3%
6TREASURY 4.5% GILT 7/9/2034 GBP0.013.6%
7TREASURY 3.75% GILT 7/9/20 GBP0.013.4%
8UK TREASURY 2.75% 07/09/20243.4%
9TREASURY 2% GILT 07/09/25 GBP0.013.2%
Management
Fund manager group
Hartford Life
Fund manager company
Hawthorn Life Limited
Fund type
Pension Fund
Fund objective
HLL to invest 100% in underlying asset. The aim of the Royal London UK Government is to maximise total investment return (income and capital growth) over the medium to long term by investing mainly in UK government bonds. Sterling corporate bonds may also be held.
Benchmark
  • FTSE All Stock Gilt
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Paul Rayner31/03/2009Paul Rayner is Head of Government Bonds at RLAM and works closely with Government Bond Fund Manager Craig Inches. He is supported by a skilled and experienced team of specialist investors across all disciplines employed within the fund. Paul joined RLAM in June 2005 from SG Asset Management where he was Head of UK Bonds. Paul has over 25 years experience in managing UK and global government bonds and is a graduate in Economics from the University of Kent.
Craig Inches31/03/2009Craig joined RLAM in January 2009 as a fund manager with the fixed interest team. He is responsible for the management of government bond portfolios including index-linked bonds, gilts and non UK sovereign debt. Craig joined RLAM after an 11 year career at Scottish Widows Investment Partnership (SWIP) where he was Fixed Income Investment Director. At SWIP, Craig built up a strong track record across a wide range of fixed income funds. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
HLL Royal London UK Government Bond Pn 50
Initial charge-
Annual charge0.27%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.27%
Bid price-
Offer price-
Mid price14.0483
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNEH8
HLL Royal London UK Government Bond Pn 51
Initial charge-
Annual charge0.27%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.27%
Bid price-
Offer price-
Mid price14.0071
CurrencyGBP
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeGWEI
Data provided by

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