Fact sheet: L&G F&C Strategic Bond Pn

Fund information
Fund name
L&G F&C Strategic Bond Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Keith Pattonsince 01/12/2012
  • Rebecca Seabrooksince 19/11/2009
Underlying fund
F&C Strategic Bond
Fund objective
The fund aims to deliver a return through a combination of income and capital growth primarily through investment in corporate bonds but also sovereigns and supranationals. Derivatives may be used to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.8%
1 Year rank in sector
156/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£0m (£0m 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.
14
Bid price
161.66
Offer price
161.66
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc13.8%
AXA Wealth AXA Fram Mgd Inc Pn13.2%
Canlife AXA Fram Mgd Inc Pn13.1%
LV= Artemis High Income Pn12%
Aviva Art High Income Pn11%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK97.4%
    Money Market2.6%
  • Consumer Goods21.4%
    Banks19.4%
    Non-Cyclical Goods10.3%
    Telecommunications9.2%
    Others7.8%
  • UK Fixed Interest97.4%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-1.8%2.8%5.3%28.2%
Sector1.2%0.7%2.6%7.5%12.9%38.2%
Rank within sector164 / 173129 / 172112 / 172156 / 168140 / 155120 / 143
Quartile4th3rd3rd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-2.2%0.8%3.1%3%
Sector0.5%6.7%0.7%5.6%5.9%
Rank within sector153 / 173156 / 16882 / 163134 / 155127 / 151
Quartile4th4th3rd4th4th
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.
-0.44
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.
0.59
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%.
2.63
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.
2.22
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.
-0.97
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.
0.53
Price movement
52 week high161.91
52 week low154.34
Current bid price161.66
Current offer price161.66
Current mid price-
Region
1UK97.4%
2Money Market2.6%
Industry sector
1Consumer Goods21.43%
2Banks19.38%
3Non-Cyclical Goods10.32%
4Telecommunications9.16%
5Others7.8%
6Industrials7.79%
7Mortgage & Secured Bonds7.11%
8Insurance5.45%
9Financial Services4.77%
Asset type
1UK Fixed Interest97.4%
2Money Market2.6%
Individual holdings
1TREASURY 1.75% GILT 22/01/17 GBP0.014.1%
2PARAGON GROUP OF COMPANIES 7% CALL SUB NTS 20/4/17 GBP(VAR)1.8%
3CORSAIR JERSEY LTD 314 5.697% 24 MAR 20171.7%
4EXPEDIA INC 2.5% BDS 03/06/22 EUR1000001.2%
5HYPO ALPE ADRIA BANK 2.375% 13 DEC 20221.2%
6BHARTI AIRTEL 4% BDS 10/12/18 EUR1000001.1%
7ABBOTT LABORATORIES0.9%
8AT&T INC0.9%
9CPUK 7.239% 28 FEB 20240.9%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund aims to deliver a return through a combination of income and capital growth primarily through investment in corporate bonds but also sovereigns and supranationals. Derivatives may be used to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Keith Patton01/12/2012Keith plays a leading role in developing multi fixed income solutions across the group. Prior to joining the group in 2012 and after a brief period at Brevan Howard (the macro hedge fund) he became the global head of fixed income for UBS Wealth Management in Zurich and a member of the global asset allocation committee within the investment office. Keith began his career with the United Bank of Kuwait in 1990 as a global fixed income manager, moving to Robert Fleming in 1995 as a portfolio manager and head of European fixed income strategy. In 1997 he became a senior member of the fixed income team at Morgan Grenfell (rebranded Deutsche Asset Management) where he was a managing director and head of European fixed income strategy. In 2005 the DeAM London team was sold to Aberdeen Asset Management where he became the head of portfolio and product management. Keith has extensive experience in fixed income, asset allocation and portfolio construction roles and has managed portfolios on behalf of large corporations, central banks and government agencies. Keith graduated in 1989 from South Bank University in London with a BA (Hons) in Business Studies (specialising in Finance). He completed the Investment Management Programme at the London Business School in 1991.
Rebecca Seabrook19/11/2009Rebecca has over 14 years of investment experience and is co-Head of UK Credit. She joined F&C in 2001 from Rothschild Asset Management. Rebecca has a BA in Accounting and Finance from the University of Wales and is a member of UK Society of Investment Professionals.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G F&C Strategic Bond Pn G25
Initial charge-
Annual charge1.01%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price161.66
Offer price161.66
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL153
Data provided by

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