Fact sheet: L&G Stan Life Hi Inc Pn

Fund information
Fund name
L&G Standard Life Higher Income Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Fraser Duffsince 30/05/2016
Underlying fund
Stan Life Inv Higher Inc
Fund objective
The fund aims to provide a significantly higher level of income than that available on gilts by investing mainly in sterling and euro denominated sub-investment grade corporate bonds.
Benchmark
  • ML Eur/GBP Fixed&Floating Non Fin High Yd 3% Const Indx(hedged to £)
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
6.3%
1 Year rank in sector
42/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£1m (£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.
23
Bid price
195.63
Offer price
195.63
Top in this sector
Fund name1 Year
L&G High Income Pn12.2%
Aviva Invtec M High Inc Pn11.4%
OMW IPLPimUsHiYiBdPn10.8%
Aviva JPM Gbl HighYldBd Pn10.8%
LV= Investec Monthly Hi Inc Pn10.5%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK100%
  • Industrials37.5%
    Telecom, Media & Technology16.8%
    Financials14.1%
    Consumer Services10.9%
    Others5.8%
  • UK Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0.2%3.4%6.3%15.5%52.6%
Sector-0.1%-0.5%4.5%8%14.9%46.4%
Rank within sector37 / 5730 / 5745 / 5742 / 5612 / 4912 / 46
Quartile3rd3rd4th3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.2%2.8%4.2%10.1%20.5%
Sector9.6%-0.1%4.4%6.8%19.3%
Rank within sector45 / 568 / 5416 / 493 / 4914 / 46
Quartile4th1st2nd1st2nd
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.
1.27
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.
0.81
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.
0.4
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%.
3.84
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.
1.84
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.
0.21
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.
0.82
Price movement
52 week high196.5
52 week low176.05
Current bid price195.63
Current offer price195.63
Current mid price-
Region
1UK100%
Industry sector
1Industrials37.5%
2Telecom, Media & Technology16.8%
3Financials14.1%
4Consumer Services10.9%
5Others5.8%
6Paper - Packaging & Printing5.1%
7Services3.4%
8Transport3.3%
9Food, Beverages and Tobacco2%
Asset type
1UK Fixed Interest100%
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 a significantly higher level of income than that available on gilts by investing mainly in sterling and euro denominated sub-investment grade corporate bonds.
Benchmark
  • ML Eur/GBP Fixed&Floating Non Fin High Yd 3% Const Indx(hedged to £)
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Fraser Duff30/05/2016Fraser joined Standard Life Investments in 2011 and is an Investment Director in the Credit team. He is the Lead Manager of the Ignis High Income Fund and also has responsibility for companies specialising in the Healthcare and Pharmaceutical sectors across the full bond spectrum. Previously, Fraser spent four years at Lehman Brothers as analyst and industry specialist for the Healthcare, Pharmaceuticals, and Chemicals sectors. He also worked for Deloitte, Edinburgh as an Assistant Manager in Assurance & Advisory Department. Fraser has 12 years’ experience in the industry, is a CFA Charterholder, a Chartered Accountant (CA) and holds a PhD in synthetic organic chemistry from Heriot-Watt University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Standard Life Higher Income Pn 3
Initial charge-
Annual charge0.72%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.82%
Bid price195.63
Offer price195.63
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDD3
L&G Standard Life Higher Income Pn G25
Initial charge-
Annual charge0.99%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.99%
Bid price193.99
Offer price193.99
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL359
Data provided by

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