Fact sheet: Kames Sterling Corp Bond

Fund information
Fund name
Kames Sterling Corporate Bond A Acc
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • David Robertssince 22/03/2004
  • Iain Bucklesince 30/09/2009
Fund objective
The investment objective is to maximise total return (income plus capital).
Benchmark
  • IA Sterling Corporate Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.6%
1 Year rank in sector
-
Sector
UT Sterling Corporate Bond
Yield
2.5%
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.
1.05%
Fund size
£689m (£667m 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
74.57
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.5%
Henderson Inst Long Dat Cr16.2%
F&C Instl Lg Dtd Corp Bd16.2%
Blackrock InstBdOver10YrCorp16.1%
Fidelity Inst UK Lg Crp Bd15.7%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK95.5%
    Money Market4.5%
  • Others34.7%
    Financials29.9%
    Mortgage & Secured Bonds16.1%
    Government Bonds9.5%
    Money Market4.5%
  • Global Fixed Interest95.5%
    Money Market4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2%-2.9%8.6%15.1%35.5%
Sector1.2%2.5%-2.4%10%18%33.7%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0%7.6%0.1%8.9%2.8%
Sector0.5%9.1%-0.3%10.1%0.2%
Rank within sector-----
Quartile
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.
-0.16
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.
0.22
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%.
4.82
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.
0.82
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.
-0.77
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 high77.22
52 week low68.71
Current bid price-
Current offer price-
Current mid price74.57
Region
1UK95.5%
2Money Market4.5%
Industry sector
1Others34.7%
2Financials29.9%
3Mortgage & Secured Bonds16.1%
4Government Bonds9.5%
5Money Market4.5%
6Government Agency Bonds3.1%
7Asset/Mortgage-Backed Securities2.2%
Asset type
1Global Fixed Interest95.5%
2Money Market4.5%
Individual holdings
1TREASURY 1.875% IDX LKD GILT 22/11/22 GBP3.57%
2TREASURY 1.5% GILT 22/07/26 GBP0.013.11%
3KREDITANSTALT FUER WIEDERAUFBAU KFW 1.0% BDS 07/12/17 GBP10002.04%
4TRANSPORT FOR LONDON 2.25% NTS 09/08/22 GBP1000001.76%
5TREASURY 4.5% GILT 7/9/2034 GBP0.011.51%
6AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.45%
7ANNINGTON FINANCE NO 4 8.07% ASST BCKD NTS 10/1/23 GBP100001.32%
8APT PIPELINES LTD 3.5% BDS 22/03/30 GBP1000001.31%
9WHITE CITY PROPERTY FINANCE 5.1202% COM MTG FXD NT 17/04/35 GBP500001.21%
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 Sterling Corporate Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Roberts22/03/2004David Roberts is Head of Fixed Income and responsible for managing the fixed income team. In addition, he co-manages several funds including the flagship Kames Strategic Bond Fund, and has responsibility for overseeing cash and derivative management for the majority of Kames Capital’s clients. David joined us in 2004 from Britannic Asset Management where he was Head of Credit. He worked in the banking sector for a decade before moving into asset management. David studied Economics and Industrial Relations at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling.
Iain Buckle30/09/2009Iain Buckle is an investment manager in the Fixed Income team with responsibility for credit analysis, particularly securitised and structured finance assets. Iain is the co-manager of several funds with a primary focus on sterling credit mandates. His funds include the Kames Sterling Corporate Bond Fund, core pooled and segregated mandates and funds included in our ethical bond franchise. As an experienced fund manager Iain is responsible for overseeing the institutional pooled and buy-and-hold portfolios managed across the team. Iain joined us in 2000 from Baillie Gifford where he was a fixed income analyst. He studied Economics at Heriot Watt University and has completed the CFA programme.
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 price74.57
CurrencyGBX
Price updated21/02/2017
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 price32.24
CurrencyGBX
Price updated21/02/2017
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 price79.35
CurrencyGBX
Price updated21/02/2017
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)0.55%
Bid price-
Offer price-
Mid price32.83
CurrencyGBX
Price updated21/02/2017
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 price122.51
CurrencyGBX
Price updated21/02/2017
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 price109.55
CurrencyGBX
Price updated21/02/2017
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 price177.84
CurrencyGBX
Price updated21/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeANC2
Data provided by

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