Fact sheet: Kames Strategic Bond

Fund information
Fund name
Kames Strategic Bond B Acc
Fund manager company
Kames Capital
Fund type
OEIC
Fund managers
  • Juan Valenzuelasince 04/01/2016
  • David Robertssince 22/03/2004
  • Philip Milburnsince 01/11/2009
Fund objective
The investment objective is to maximise total return (income plus capital).
Benchmark
  • IA Sterling Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
6.5%
1 Year rank in sector
52/81
Sector
UT Sterling Strategic Bond
Yield
2.3%
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.
0.8%
Fund size
£406m (£554m 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.
21
Mid price
118.05
Top in this sector
Fund name1 Year
Fidelity UK Inv Grd Lg Cr14.6%
Natixis LS Stgc Inc14.5%
AXA Framlington Mgd Inc12.8%
Fidelity I Stg Cr + Bd12.8%
Insight Infln Link Corp Bd12.1%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • Not Specified33.9%
    UK27.5%
    Australia21.6%
    Money Market7.9%
    Netherlands7.4%
  • Financials36.8%
    Industrials21.4%
    Asset/Mortgage-Backed Securities15.6%
    Utilities8.8%
    Government Bonds8.5%
  • UK Fixed Interest44.5%
    US Fixed Interest28.6%
    Money Market8.3%
    Dutch Fixed Interest7.4%
    French Fixed Interest3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.5%0.6%6.5%6.6%22.6%
Sector0.5%2%0.1%7.4%13.7%29.3%
Rank within sector59 / 8569 / 8538 / 8452 / 8166 / 7453 / 62
Quartile3rd4th2nd3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.2%5.1%-1.1%3.4%4.2%
Sector1.5%7.3%-0.3%6.8%2.6%
Rank within sector57 / 8564 / 7963 / 7562 / 7327 / 65
Quartile3rd4th4th4th2nd
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.
-1.58
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.
0.94
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
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%.
3.73
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.
1.89
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.
-0.98
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.
0.75
Price movement
52 week high118.38
52 week low110.62
Current bid price-
Current offer price-
Current mid price118.05
Region
1Not Specified33.88%
2UK27.47%
3Australia21.59%
4Money Market7.88%
5Netherlands7.36%
6France6.9%
7Jersey4.31%
8Ireland1.65%
9Luxembourg1.44%
Industry sector
1Financials36.8%
2Industrials21.4%
3Asset/Mortgage-Backed Securities15.6%
4Utilities8.8%
5Government Bonds8.5%
6Money Market7.2%
7Government Agency Bonds1.7%
Asset type
1UK Fixed Interest44.46%
2US Fixed Interest28.6%
3Money Market8.27%
4Dutch Fixed Interest7.36%
5French Fixed Interest3.71%
6Australian Fixed Interest1.84%
7Irish Fixed Interest1.65%
8Luxembourg Fixed Interest1.44%
9American Emerging Fixed Interest0.97%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.014.69%
2TREASURY 2 1/2% IDX-LINKED GILT 20204.68%
3UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1002.67%
4MORGAN STANLEY 1% BDS 16/11/18 AUD10001.77%
5KELDA FINANCE 3 PLC 5.75% NTS 17/02/20 GBP1000001.62%
6ABN AMRO BANK NV 6.25% MTN 27/04/22 USD2000001.57%
7HEALTH CARE REIT INC 3.75% BDS 15/03/23 USD10001.57%
8APT PIPELINES LTD 0% NTS 22/03/27 EUR1000001.32%
9CITIGROUP INC UNDATED BDS USD10001.32%
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 Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Juan Valenzuela04/01/2016Juan Valenzuela is an investment manager in the Fixed Income team with responsibility for analysing global rates markets, both conventional and inflation-linked bonds. He is the co-manager of the Kames Strategic Bond Fund. He joined us from Alliance Trust, where he was an investment manager on the Alliance Trust Dynamic Bond Fund. Prior to that, Juan worked in investment management roles for Scottish Widows Investment Partnership and JP Morgan. Juan has degrees in both Law and Business from Carlos III University in Madrid, and is a CFA charterholder.
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.
Philip Milburn01/11/2009Phil Milburn is Head of Investment Strategy in the Fixed Income team. He joined us in 1997 from the University of Edinburgh, where he earned a first class honours degree in Economics. After spells in UK and Latin American equities, Phil joined the fixed income team, where he now manages our strategic and high yield bond portfolios. Phil is also an integral member of the Investment Association Fixed Income Committee, helping lead on many industry initiatives.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Kames Strategic Bond A Acc
Initial charge1.5%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price187.13
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZU49
Kames Strategic Bond A Inc
Initial charge1.5%
Annual charge1.25%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price120.99
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeZU50
Kames Strategic 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)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price118.05
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGMTO
Kames Strategic 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)0.8%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price119.79
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeZO86
Kames Strategic Bond D Acc
Initial charge1.5%
Annual charge1%
Min single investment£250,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price113.39
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI01V
Kames Strategic Bond D Inc
Initial charge1.5%
Annual charge1%
Min single investment£250,000
Min regular saving£5,000
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.4
CurrencyGBX
Price updated23/03/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI01W
Data provided by

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