Fact sheet: L&G Stan Life AAA Inc Pn

Fund information
Fund name
L&G Standard Life AAA Income Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Daniel McKernansince 01/03/2014
  • Mark Munrosince 30/06/2014
Underlying fund
Stan Life Inv AAA Inc
Fund objective
The fund aims to provide income by investing mainly in sterling bonds.
Benchmark
  • iBoxx Sterling Non-Gilt AAA Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
6.1%
1 Year rank in sector
135/174
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£1m (£1m 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.
33
Bid price
156.13
Offer price
156.13
Top in this sector
Fund name1 Year
OMW IPL F&C Sht Pr Rl Dn LDI Pn54.4%
OMW IPL F&C Real Dynamic LDI Pn41.3%
OMW IPL F&C Nominal Dyn LDI Pn36.7%
OMW IPL LGIM 2055IdxLkdGltPn25.8%
OMW IPL LGIMOvr15Yr I LGltPn22.9%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • International100%
  • Government Bonds39.5%
    Asset/Mortgage-Backed Securities37.9%
    Financials9.6%
    Others7.5%
    Corporate Bonds5.5%
  • Global Fixed Interest37.9%
    Global Government Fixed Interest36.1%
    Others17.1%
    Global Corporate Fixed Interest5.5%
    UK Gilts3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-3.6%1.5%6.1%16.9%25.2%
Sector-2.2%-6.5%4.4%9.7%24.3%33%
Rank within sector19 / 17825 / 179115 / 177135 / 174123 / 14278 / 127
Quartile1st1st3rd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.3%0.3%10.3%-2.6%8.2%
Sector10.8%-1.2%13.9%-1.7%6.6%
Rank within sector150 / 17556 / 153123 / 14277 / 13649 / 127
Quartile4th2nd4th3rd2nd
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.
1.21
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.
0.54
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.
0.38
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%.
4.4
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.
3.77
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.
-0.51
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.
0.83
Price movement
52 week high162.83
52 week low146.27
Current bid price156.13
Current offer price156.13
Current mid price-
Region
1International100%
Industry sector
1Government Bonds39.5%
2Asset/Mortgage-Backed Securities37.9%
3Financials9.6%
4Others7.5%
5Corporate Bonds5.5%
Asset type
1Global Fixed Interest37.9%
2Global Government Fixed Interest36.1%
3Others17.1%
4Global Corporate Fixed Interest5.5%
5UK Gilts3.4%
Individual holdings
No data available.
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund aims to provide income by investing mainly in sterling bonds.
Benchmark
  • iBoxx Sterling Non-Gilt AAA Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Daniel McKernan01/03/2014Daniel McKernan joined Standard Life Investments in 2013, as Head of Sterling Investment Grade Credit. He has responsibility for a number of large credit and aggregate bond mandates. Daniel has over 20 years' investment management experience as a fixed income fund manager and prior to joining us worked at Scottish Widows Investment Partnership as Head of European and Sterling Credit. He has also worked at BlackRock, Aegon Asset Management and Norwich Union.
Mark Munro30/06/2014Mark is responsible for managing a number of institutional funds in the corporate bond team. Previously in his role as an analyst Mark was responsible for providing company research and trade ideas for the credit team. He has also worked as an analyst on the UK small cap equities team.Before joining SWIP, Mark spent four years working in the derivatives market, trading futures electronically on the Chicago Board of Trade.Mark is a CFA charterholder and has the Investment Management Certificate. He is a Bachelor of Law (LLB) from the University of Edinburgh.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Standard Life AAA Income Pn 3
Initial charge-
Annual charge0.52%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.52%
Bid price156.13
Offer price156.13
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDD1
L&G Standard Life AAA Income Pn G25
Initial charge-
Annual charge0.71%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.71%
Bid price155.18
Offer price155.18
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL357
Data provided by

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