Fact sheet: Kames Sterling Corp Bond

Fund information
Fund name
Kames Sterling Corporate Bond B Acc
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Iain Bucklesince 30/09/2009
  • David Robertssince 22/03/2004
Fund objective
The 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
5.2%
1 Year rank in sector
69/91
Sector
UT Sterling Corporate Bond
Yield
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
£701m (£666m 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.
31
Mid price
77.84
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond11.8%
F&C Instl Lg Dtd Corp Bd10.8%
Henderson Inst Long Dat Cr10.6%
Newton Long Corporate Bond10.4%
Blackrock InstBdOver10YrCorp9.8%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK97.5%
    Money Market2.5%
  • Others35.2%
    Financials30.7%
    Mortgage & Secured Bonds16.4%
    Government Bonds9.9%
    Government Agency Bonds3.1%
  • Global Fixed Interest97.5%
    Money Market2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-4.7%2.7%5.2%15.4%41.8%
Sector-1.4%-5%2.9%5.9%16.4%35.1%
Rank within sector38 / 9736 / 9454 / 9469 / 9157 / 8624 / 71
Quartile2nd2nd3rd4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6%0.5%9.3%3.2%15.2%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector66 / 9221 / 9062 / 876 / 7819 / 71
Quartile3rd1st3rd1st2nd
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.
0.32
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.
0.91
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.
0.33
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%.
4.85
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.
-0.18
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 high82
52 week low72.59
Current bid price-
Current offer price-
Current mid price77.84
Region
1UK97.5%
2Money Market2.5%
Industry sector
1Others35.2%
2Financials30.7%
3Mortgage & Secured Bonds16.4%
4Government Bonds9.9%
5Government Agency Bonds3.1%
6Money Market2.5%
7Asset/Mortgage-Backed Securities2.2%
Asset type
1Global Fixed Interest97.5%
2Money Market2.5%
Individual holdings
1TREASURY 1.5% GILT 22/07/26 GBP0.014%
2KREDITANSTALT FUER WIEDERAUFBAU KFW 1.0% BDS 07/12/17 GBP10002.03%
3TRANSPORT FOR LONDON 2.25% NTS 09/08/22 GBP1000001.74%
4TREASURY 4.5% GILT 7/9/2034 GBP0.011.51%
5AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.48%
6ANNINGTON FINANCE NO 4 8.07% ASST BCKD NTS 10/1/23 GBP100001.31%
7APT PIPELINES LTD 3.5% BDS 22/03/30 GBP1000001.29%
8WHITE CITY PROPERTY FINANCE 5.1202% COM MTG FXD NT 17/04/35 GBP500001.19%
9BANK OF SCOTLAND PLC 7.754% PERP BDS 31/5/2021 GBP10001.14%
Management
Fund manager group
Kames Capital
Fund manager company
Kames Capital
Fund type
OEIC
Fund objective
The 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.
David Roberts22/03/2004David is Joint Head of Fixed Income and is jointly responsible for managing the fixed income team. He joined us in 2004 from Britannic Asset Management where he was Head of Credit. David studied Economics and Industrial Relations 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 Sterling 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)1.08%
Bid price-
Offer price-
Mid price73.22
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSN18
Kames Sterling 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)1.08%
Bid price-
Offer price-
Mid price31.81
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSN17
Kames Sterling 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 price77.84
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeSN58
Kames Sterling 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)0.58%
Bid price-
Offer price-
Mid price32.39
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBV69
Kames Sterling 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 price120.24
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI01S
Kames Sterling 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 price108.1
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI01T
Kames Sterling Corporate Bond G 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 price174.29
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeANC2
Data provided by

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