Fact sheet: Kames Investment Grade Bond

Fund information
Fund name
Kames Investment Grade Bond B Acc
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Euan McNeilsince 01/11/2009
  • Stephen Snowdensince 31/08/2011
Accolades
 Winner - Corporate Bond
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
7%
1 Year rank in sector
65/91
Sector
UT Sterling Corporate Bond
Yield
2.9%
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.
0.79%
Fund size
£1,390m (£1,020m 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.
32
Mid price
177.76
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond15.2%
Henderson Inst Long Dat Cr14.2%
F&C Instl Lg Dtd Corp Bd13.8%
Fidelity Inst UK Lg Crp Bd13.6%
Insight UK Corp Lg Mat Bd13.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK61.8%
    USA13.5%
    Netherlands6.9%
    Jersey4.2%
    Cayman Islands3.3%
  • Financials38.4%
    Others37.9%
    Mortgage & Secured Bonds14.9%
    Government Bonds3%
    Fixed Interest2.3%
  • UK Fixed Interest61.6%
    US Fixed Interest13.5%
    Dutch Fixed Interest6.9%
    American Emerging Fixed Interest3.3%
    Supranational Fixed Interest2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%-0.8%0.4%7%18.8%42.6%
Sector1.5%-0.4%0.3%7.9%17.6%33.2%
Rank within sector12 / 9868 / 9543 / 9365 / 9137 / 8614 / 71
Quartile1st3rd2nd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund-0.5%8.4%1.2%10.8%2.4%
Sector-0.2%9.1%-0.3%10.1%0.2%
Rank within sector79 / 9859 / 918 / 8937 / 8611 / 78
Quartile4th3rd1st2nd1st
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.
1.08
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.
0.92
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.
0.66
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%.
4.91
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.
0.9
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.
0.64
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 high184.05
52 week low163.17
Current bid price-
Current offer price-
Current mid price177.76
Region
1UK61.78%
2USA13.47%
3Netherlands6.87%
4Jersey4.2%
5Cayman Islands3.33%
6International2.34%
7France2.03%
8Australia1.74%
9Money Market1.72%
Industry sector
1Financials38.4%
2Others37.9%
3Mortgage & Secured Bonds14.9%
4Government Bonds3%
5Fixed Interest2.3%
6Money Market1.7%
7Asset/Mortgage-Backed Securities1.4%
8Government Agency Bonds0.4%
Asset type
1UK Fixed Interest61.62%
2US Fixed Interest13.47%
3Dutch Fixed Interest6.87%
4American Emerging Fixed Interest3.33%
5Supranational Fixed Interest2.34%
6French Fixed Interest2.03%
7Australian Fixed Interest1.74%
8Money Market1.72%
9Belgian Fixed Interest1.44%
Individual holdings
1LCR FINANCE 4.5% GTD BDS 2028 GBP1000 REG`S`(REGD)1.77%
2EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP10001.6%
3COOPERATIEVE RABOBANK UA 6.567% SUBORD NTS PERP GBP500001.55%
4BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S1.32%
5HSBC CAP FUNDING(STERLING 1)LP 5.844% EUR MED TRM NTS PERP GBP10001.32%
6AVIVA 6.125% PERP SUB NTS GBP(VAR)1.3%
7SEVERN TRENT WATER UTILITIES FIN 2.75% GTD NTS 05/12/31 GBP1000001.15%
8TIME WARNER CABLE INC 5.75% NTS 02/06/31 GBP10001.15%
9SMFG PREFERRED CAPITAL LTD 10.231% NTS PERP GBP1000 `REGS`1.12%
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
Euan McNeil01/11/2009Euan 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.
Stephen Snowden31/08/2011Stephen is an investment manager in the fixed income team. He rejoined us in 2011 from Old Mutual Asset Managers where he was a fund manager. Stephen studied Finance at Queen’s University, Belfast.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Kames Investment Grade Bond A Acc
Initial charge1.5%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price170.05
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeER35
Kames Investment Grade Bond A Inc
Initial charge1.5%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.29%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price121.06
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeER37
Kames Investment Grade Bond B Acc
Initial charge-
Annual charge0.75%
Min single investment£2,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price177.76
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeER36
Kames Investment Grade Bond B Inc
Initial charge-
Annual charge0.75%
Min single investment£2,000,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)0.79%
Total expense ratio (TER)0.81%
Bid price-
Offer price-
Mid price121.26
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeER38
Kames Investment Grade Bond D Acc
Initial charge1.5%
Annual charge1%
Min single investment£250,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price124.39
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI01Q
Kames Investment Grade Bond D Inc
Initial charge1.5%
Annual charge1%
Min single investment£250,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.04%
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price111.81
CurrencyGBX
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI01R
Data provided by

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