Fact sheet: L&G Kames Strat Bond Pn

Fund information
Fund name
L&G Kames Strategic Bond Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Juan Valenzuelasince 04/01/2016
  • David Robertssince 22/03/2004
  • Philip Milburnsince 01/11/2009
Underlying fund
Kames Strategic Bond
Fund objective
The investment objective is to maximise total return (income plus capital).
  • IA £ Strategic Bond sector median
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1 Year rank in sector
PN Sterling Strategic Bond
Fund size
£1m (£2m 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.
Bid price
Offer price
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

  • UK39.2%
    Not Specified36.5%
    Money Market5.2%
  • Financials34.2%
    Asset/Mortgage-Backed Securities16.1%
    Government Bonds9.8%
  • UK Fixed Interest42.3%
    US Fixed Interest29.7%
    Dutch Fixed Interest7.8%
    Money Market5.1%
    French Fixed Interest4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector95 / 173103 / 17295 / 172120 / 168126 / 155115 / 143
Calendar performance
 YTD - 20172016201520142013
Rank within sector107 / 173125 / 168132 / 163123 / 155114 / 151
Risk statistics
?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.
?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.
?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.
?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%.
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.
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.
?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.
Price movement
52 week high169.92
52 week low155.04
Current bid price169.58
Current offer price169.58
Current mid price-
2Not Specified36.55%
5Money Market5.18%
8New Zealand2%
Industry sector
3Asset/Mortgage-Backed Securities16.1%
4Government Bonds9.8%
6Money Market5.2%
7Government Agency Bonds2.1%
Asset type
1UK Fixed Interest42.34%
2US Fixed Interest29.7%
3Dutch Fixed Interest7.77%
4Money Market5.13%
5French Fixed Interest4.06%
6New Zealand Fixed Interest2%
7Luxembourg Fixed Interest1.97%
8Australian Fixed Interest1.72%
9Irish Fixed Interest1.48%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.015.76%
2NEW ZEALAND(GOVERNMENT OF) 2.75% BDS 15/04/37 NZD10002%
3MORGAN STANLEY 1% BDS 16/11/18 AUD10001.62%
4KELDA FINANCE 3 PLC 5.75% NTS 17/02/20 GBP1000001.57%
5ABN AMRO BANK NV 6.25% MTN 27/04/22 USD2000001.48%
6HEALTH CARE REIT INC 3.75% BDS 15/03/23 USD10001.48%
7ALPHA TRAINS FINANCE 2.064% BDS 30/06/25 EUR1000001.37%
8PGH CAPITAL PLC 5.75% GTD BDS 07/07/21 GBP1000001.35%
9BANK OF AMERICA CORP 6.25% BDS 31/12/49 USD10001.26%
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The investment objective is to maximise total return (income plus capital).
  • IA £ Strategic Bond sector median
Investment style
No data available.
Investment method
No data available.
Fund managers
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 joined us from Alliance Trust, where he 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 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.
Philip Milburn01/11/2009Philip is an investment manager in the fixed income team. He joined us in 1997 straight from university. Philip studied Economics at the University of Edinburgh.
No data available.
No data available.
Fund for sale in
United Kingdom
L&G Kames Strategic Bond Pn G25
Initial charge-
Annual charge0.97%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.97%
Bid price169.58
Offer price169.58
Mid price-
Price updated16/01/2017
Institutional or retail classRetail
Citi codeL098
Data provided by

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