Fact sheet: L&G Kames Eth Corp Bd Pn

Fund information
Fund name
L&G Kames Ethical Corporate Bond Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Euan McNeilsince 01/01/2011
  • Iain Bucklesince 30/09/2009
Underlying fund
Kames Ethical 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
6.3%
1 Year rank in sector
213/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£3m (£3m 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
Bid price
163.36
Offer price
163.36
Top in this sector
Fund name1 Year
L&G PMC AAAAAA CpBd Ov15Y Id Pn14.7%
MetLife Fid Corp Bd 20yr Pn14.6%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.2%
BlackRock DC AqOv 15 YCrp BdIx HP14.1%
FL M&G All Stocks Corp Bd Pn13.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK67.5%
    Germany4.3%
    Australia4%
    Netherlands3.8%
    Jersey3.5%
  • Financials34.3%
    Others29.1%
    Mortgage & Secured Bonds20.3%
    Government Bonds7.1%
    Government Agency Bonds4.8%
  • UK Fixed Interest71%
    German Fixed Interest4.3%
    Australian Fixed Interest4%
    Dutch Fixed Interest3.8%
    US Fixed Interest2.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%-0.5%0.7%6.3%18.6%35.9%
Sector1.6%-0.8%0.1%8.1%18.9%37.5%
Rank within sector125 / 264117 / 26583 / 265213 / 260121 / 235143 / 211
Quartile2nd2nd2nd4th3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund-0.2%7.5%2.1%10.1%0.9%
Sector-0.3%9.4%0.2%10.5%1%
Rank within sector151 / 265205 / 26013 / 246142 / 235127 / 226
Quartile3rd4th1st3rd3rd
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.
1.4
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.
0.77
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.
0.72
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%.
4.21
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.
1.48
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.
-0.04
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.
0.96
Price movement
52 week high167.99
52 week low151.94
Current bid price163.36
Current offer price163.36
Current mid price-
Region
1UK67.5%
2Germany4.3%
3Australia3.99%
4Netherlands3.82%
5Jersey3.52%
6USA2.53%
7Cayman Islands2.29%
8Sweden2.15%
9France2.07%
Industry sector
1Financials34.3%
2Others29.1%
3Mortgage & Secured Bonds20.3%
4Government Bonds7.1%
5Government Agency Bonds4.8%
6Money Market1.7%
7Fixed Interest1.5%
8Asset/Mortgage-Backed Securities1.2%
Asset type
1UK Fixed Interest71.03%
2German Fixed Interest4.3%
3Australian Fixed Interest3.99%
4Dutch Fixed Interest3.82%
5US Fixed Interest2.53%
6American Emerging Fixed Interest2.29%
7Swedish Fixed Interest2.15%
8French Fixed Interest2.07%
9Money Market1.68%
Individual holdings
1NETWORK RAIL INFRASTRUCTURE FINANCE 4.375% NTS 09/12/30 GBP500002.51%
2KREDITANSTALT FUER WIEDERAUFBAU KFW 5.75% BDS 7/6/2032 GBP10001.74%
3INTERNATIONAL BANK FOR REC & DEV 0.375% BDS 15/06/21 GBP10001.52%
4KREDITANSTALT FUER WIEDERAUFBAU KFW 5.5% BDS 18/6/2025 GBP10001.52%
5DIGNITY FINANCE 4.6956% NTS 31/12/49 GBP1000 B1.47%
6AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.17%
7TRANSPORT FOR LONDON 3.875% NTS 23/07/42 GBP1000001.15%
8NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001.14%
9ABP FINANCE PLC 6.25% GTD 14/12/26 GBP1000001.06%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
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 McNeil01/01/2011Euan 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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Kames Ethical Corporate Bond Pn G25
Initial charge-
Annual charge0.77%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.77%
Bid price163.36
Offer price163.36
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL096
Data provided by

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