Fact sheet: L&G Stan Life InvstGrCorpBd Pn

Fund information
Fund name
L&G Standard Life Investment Grade Corporate Bond Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Daniel McKernansince 01/12/2013
  • Mark Munrosince 01/03/2014
Underlying fund
Stan Life Inv InvGCorpBd
Fund objective
The fund aims to generate an income, before charges, above that available on UK Government bonds by investing mainly in Sterling denominated corporate bonds. The fund is actively managed by our investment team who may also invest a proportion of assets in other bonds (e.g. gilts) and/or money market instruments to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed - you may get back less than you pay in. The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. The sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • iBoxx GBP Collateralized & Corporates Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.8%
1 Year rank in sector
51/260
Sector
PN Sterling Corporate 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.
42
Bid price
162.35
Offer price
162.35
Top in this sector
Fund name1 Year
FL TEActv Bln Bd IE12.1%
MetLife Fid Corp Bd 20yr Pn10.8%
OMW IPL L&G AAA CrpBdOv15YIx Pn10.1%
BlackRock DC AqOv 15 YCrp BdIx HP10%
AEGON Long Core Plus Pn9.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK53.6%
    USA12.5%
    Netherlands5.7%
    France5.3%
    Jersey5%
  • Financials46.1%
    Corporate Bonds40.9%
    Asset/Mortgage-Backed Securities10.4%
    Government Bonds3.1%
    Others-0.5%
  • UK Fixed Interest59%
    US Fixed Interest12.5%
    Dutch Fixed Interest5.7%
    French Fixed Interest5.3%
    American Emerging Fixed Interest3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-5.3%4.6%6.8%17.4%40.7%
Sector-1.6%-5.3%2.6%5.9%17.9%39.2%
Rank within sector33 / 265137 / 2654 / 26551 / 260128 / 23592 / 210
Quartile1st3rd1st1st3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.6%0.5%9.7%1.1%15%
Sector7.1%0.2%10.5%1%13.5%
Rank within sector92 / 260119 / 246159 / 235117 / 22663 / 210
Quartile2nd2nd3rd3rd2nd
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.
-0.39
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.
1.03
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.
0.35
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%.
5.65
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.
1.29
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.
-0.18
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.
0.95
Price movement
52 week high171.72
52 week low148.67
Current bid price162.35
Current offer price162.35
Current mid price-
Region
1UK53.6%
2USA12.5%
3Netherlands5.7%
4France5.3%
5Jersey5%
6Cayman Islands2.8%
7Australia2.6%
8Money Market1.6%
9Ireland1.5%
Industry sector
1Financials46.1%
2Corporate Bonds40.9%
3Asset/Mortgage-Backed Securities10.4%
4Government Bonds3.1%
5Others-0.5%
Asset type
1UK Fixed Interest59%
2US Fixed Interest12.5%
3Dutch Fixed Interest5.7%
4French Fixed Interest5.3%
5American Emerging Fixed Interest3.3%
6Australian Fixed Interest2.6%
7Money Market1.6%
8Irish Fixed Interest1.5%
9Spanish Fixed Interest1.4%
Individual holdings
1AA 4.72% 20181.7%
2LONGSTONE FINANCE 4.896% 20311.5%
3AT&T INC 5.2% NTS 18/11/33 GBP3500000001.4%
4E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP500001.4%
5TESCO 6.125% NTS 24/02/22 GBP500001.3%
6AA 4.249% 20201.2%
7ELECTRICITE DE FRANCE 5.875% PERP1.2%
8SOUTHERN WATER SERVICES 4.5% 20381.2%
9BARCLAYS BANK 10.0% 20211.1%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The fund aims to generate an income, before charges, above that available on UK Government bonds by investing mainly in Sterling denominated corporate bonds. The fund is actively managed by our investment team who may also invest a proportion of assets in other bonds (e.g. gilts) and/or money market instruments to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed - you may get back less than you pay in. The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. The sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • iBoxx GBP Collateralized & Corporates Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Daniel McKernan01/12/2013Daniel 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 Munro01/03/2014Mark 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 Investment Grade Corporate Bond Pn G25
Initial charge-
Annual charge0.74%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.74%
Bid price162.35
Offer price162.35
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL358
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.