Fact sheet: Kames Ethical Corporate Bond

Fund information
Fund name
Kames Ethical Corporate Bond B Acc
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Iain Bucklesince 30/09/2009
  • Euan McNeilsince 01/01/2011
Fund objective
The primary investment objective is to maximise total return (income plus capital).
Benchmark
  • IA £ Corporate Bond Sector Median
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.7%
1 Year rank in sector
63/92
Sector
UT Sterling Corporate Bond
Yield
3.3%
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.
0.55%
Fund size
£490m (£367m 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.
29
Mid price
180.34
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK66.8%
    Germany4.3%
    Australia4%
    Netherlands3.8%
    Jersey3.5%
  • Financials33.6%
    Others28.7%
    Mortgage & Secured Bonds20.3%
    Government Bonds7.7%
    Government Agency Bonds4.7%
  • UK Fixed Interest70.4%
    German Fixed Interest4.3%
    Australian Fixed Interest4%
    Dutch Fixed Interest3.8%
    US Fixed Interest2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-3.9%2.3%5.7%18.5%35.3%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector39 / 9733 / 9462 / 9463 / 9243 / 8743 / 71
Quartile2nd2nd3rd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.6%1.2%10.2%0.6%12%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector63 / 927 / 9045 / 8743 / 7849 / 71
Quartile3rd1st3rd3rd3rd
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.
0.94
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.
0.88
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.
0.44
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%.
4.71
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.
1.06
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.
0.28
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.
0.97
Price movement
52 week high188.28
52 week low168.77
Current bid price-
Current offer price-
Current mid price180.34
Region
1UK66.84%
2Germany4.29%
3Australia4.01%
4Netherlands3.8%
5Jersey3.54%
6USA2.53%
7Money Market2.34%
8Cayman Islands2.29%
9Sweden2.12%
Industry sector
1Financials33.6%
2Others28.7%
3Mortgage & Secured Bonds20.3%
4Government Bonds7.7%
5Government Agency Bonds4.7%
6Money Market2.3%
7Fixed Interest1.5%
8Asset/Mortgage-Backed Securities1.2%
Asset type
1UK Fixed Interest70.38%
2German Fixed Interest4.29%
3Australian Fixed Interest4.01%
4Dutch Fixed Interest3.8%
5US Fixed Interest2.53%
6Money Market2.34%
7American Emerging Fixed Interest2.29%
8Swedish Fixed Interest2.12%
9French Fixed Interest2.1%
Individual holdings
1NETWORK RAIL INFRASTRUCTURE FINANCE 4.375% NTS 09/12/30 GBP500002.53%
2KREDITANSTALT FUER WIEDERAUFBAU KFW 5.75% BDS 7/6/2032 GBP10001.75%
3KREDITANSTALT FUER WIEDERAUFBAU KFW 5.5% BDS 18/6/2025 GBP10001.52%
4INTERNATIONAL BANK FOR REC & DEV 0.375% BDS 15/06/21 GBP10001.5%
5DIGNITY FINANCE 4.6956% NTS 31/12/49 GBP1000 B1.47%
6AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.18%
7TRANSPORT FOR LONDON 3.875% NTS 23/07/42 GBP1000001.18%
8NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001.15%
9ABP FINANCE PLC 6.25% GTD 14/12/26 GBP1000001.07%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
Fund objective
The primary investment objective is to maximise total return (income plus capital).
Benchmark
  • IA £ Corporate Bond Sector Median
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Iain Buckle30/09/2009Iain is an investment manager in the fixed income team. He joined us in 2000 from Baillie Gifford where he was a fixed income analyst. Iain studied Economics at Heriot Watt University and is a CFA charterholder.
Euan McNeil01/01/2011Euan is an investment manager in the fixed income team. He joined us in 2003 from Britannic Asset Management where he worked in the corporate bond team. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Kames Ethical Corporate Bond A Acc
Initial charge1.5%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price206.87
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSN83
Kames Ethical Corporate Bond A Inc
Initial charge1.5%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.07%
Bid price-
Offer price-
Mid price113.97
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSN84
Kames Ethical Corporate Bond B Acc
Initial charge-
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.58%
Bid price-
Offer price-
Mid price180.34
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeZH97
Kames Ethical Corporate Bond B Inc
Initial charge-
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.55%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price102.26
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeUS88
Kames Ethical Corporate Bond D Acc
Initial charge1.5%
Annual charge0.75%
Min single investment£250,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.91
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI01I
Kames Ethical Corporate Bond D Inc
Initial charge1.5%
Annual charge0.75%
Min single investment£250,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.34
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI01J
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.