Fact sheet: Jupiter Strategic Bond

Fund information
Fund name
Jupiter Strategic Bond I Acc
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund manager
  • Ariel Bezalelsince 02/06/2008
Accolades
Fund objective
The Fund aims to achieve a high income with the prospect of capital growth by seeking out the best opportunities within the fixed interest universe globally. The Fund invests in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares, convertible bonds and other bonds. The Fund may invest in derivatives and forward transactions for investment purposes (including, but not limited to, forward currency transactions to hedge exposure in Euro denominated bonds back into Sterling).
Benchmark
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
8.4%
1 Year rank in sector
21/81
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.
0.73%
Fund size
£3,518m (£2,614m 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.
17
Bid price
99.97
Offer price
100.59
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc15.2%
Fidelity UK Inv Grd Lg Cr13.5%
AXA Framlington Mgd Inc12.6%
Insight Infln Link Corp Bd12.3%
Fidelity I Stg Cr + Bd11.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK31.4%
    North America20.2%
    Asia Pacific ex Japan19.5%
    European Emerging Markets5.7%
    Latin America5.7%
  • B24.3%
    BB24%
    AAA22.5%
    Non-Rated13.9%
    BBB11.8%
  • UK Fixed Interest31.4%
    North American Fixed Interest20.2%
    Asia Pacific ex Japan Fixed Interest19.5%
    European Emerging Fixed Interest5.7%
    American Emerging Fixed Interest5.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1.9%1.9%8.4%12.7%35.5%
Sector0.2%1.9%0%7.2%13.5%29.2%
Rank within sector19 / 8549 / 8519 / 8421 / 8142 / 7420 / 62
Quartile1st3rd1st2nd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.8%7.4%1.2%4.3%6.7%
Sector1.4%7.3%-0.3%6.8%2.6%
Rank within sector29 / 8538 / 7916 / 7555 / 7312 / 65
Quartile2nd2nd1st4th1st
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.
1.56
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.
0.63
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.
0.28
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%.
2.7
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.
2.06
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.
-0.01
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.
0.63
Price movement
52 week high100.08
52 week low92.23
Current bid price99.97
Current offer price100.59
Current mid price-
Region
1UK31.37%
2North America20.21%
3Asia Pacific ex Japan19.51%
4European Emerging Markets5.72%
5Latin America5.66%
6Middle East1.24%
7Africa0.51%
8Japan-4.34%
9Europe ex UK-7.19%
Industry sector
1B24.35%
2BB24.02%
3AAA22.49%
4Non-Rated13.9%
5BBB11.76%
6CCC3.45%
7A2.98%
8AA2.25%
9Others-32.5%
Asset type
1UK Fixed Interest31.37%
2North American Fixed Interest20.21%
3Asia Pacific ex Japan Fixed Interest19.51%
4European Emerging Fixed Interest5.72%
5American Emerging Fixed Interest5.66%
6Middle East & African Fixed Interest1.24%
7African Fixed Interest0.51%
8Japanese Fixed Interest-4.34%
9Europe ex UK Fixed Interest-7.19%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 3% BDS 15/02/47 USD1005.96%
2UNITED STATES TREAS NOTES 2.25% BDS 15/02/27 USD10004.97%
3AUSTRALIAN GOVT LOANS(CMNWLTH OF) 3.75% LN STK 21/04/37 AUD1003.96%
4AUSTRALIAN GOVT LOANS(CMNWLTH OF) 4.25% LN STK 21/04/26 AUD1002.96%
5US TREASURY NOTE 2.00% 15/11/261.6%
6HEATHROW FINANCE 7.125% 01/03/171.41%
7LADBROKES GROUP FINANCE 7.625% GTD NTS 05/03/17 GBP500001.4%
8NEWMONT MINING CORP 1.625% CNV BDS 15/07/17 USD1.39%
9MEXICAN BONOS 5.00% 15/06/171.19%
Management
Fund manager group
Jupiter
Fund manager company
Jupiter Unit Trust Mgrs Ltd
Fund type
Unit Trust
Fund objective
The Fund aims to achieve a high income with the prospect of capital growth by seeking out the best opportunities within the fixed interest universe globally. The Fund invests in higher yielding assets including high yield bonds, investment grade bonds, government bonds, preference shares, convertible bonds and other bonds. The Fund may invest in derivatives and forward transactions for investment purposes (including, but not limited to, forward currency transactions to hedge exposure in Euro denominated bonds back into Sterling).
Benchmark
  • iBoxx Sterling Non Gilts All Maturities Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Ariel Bezalel02/06/2008Ariel Bezalel started his career at Jupiter and has been a member of the Fixed Interest & Multi-Asset Team since 1998 and a fund manager since 2000. He currently manages the Jupiter Strategic Bond Fund (Unit Trust) and the Jupiter Dynamic Bond fund (SICAV). Ariel has a degree in Economics from Middlesex University.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Jupiter Strategic Bond Acc
Initial charge4%
Annual charge1.25%
Min single investment£500
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.51%
Bid price96.87
Offer price101.46
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBUF6
Jupiter Strategic Bond I Acc
Initial charge5.25%
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.76%
Bid price99.97
Offer price100.59
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code09Q3
Jupiter Strategic Bond I Inc
Initial charge5.25%
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.76%
Bid price66.79
Offer price67.3
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code09Q4
Jupiter Strategic Bond Inc
Initial charge4%
Annual charge1.25%
Min single investment£500
Min regular saving£50
Available in ISAYes
Ongoing charge (OCF)1.48%
Total expense ratio (TER)1.51%
Bid price66.36
Offer price69.64
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBUF7
Jupiter Strategic Bond Z Acc
Initial charge5.25%
Annual charge0.48%
Min single investment£125,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price99.97
Offer price100.59
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKK2H
Jupiter Strategic Bond Z Inc
Initial charge5.25%
Annual charge0.48%
Min single investment£125,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)-
Bid price66.8
Offer price67.31
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKK2G
Data provided by

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