Fact sheet: L&G Standard Life UK Gilt Pn

Fund information
Fund name
L&G Standard Life UK Gilt Pn 3
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Philip Laingsince 30/06/2014
  • Liam O'Donnellsince 30/06/2014
Underlying fund
Stan Life Inv UK Gilt
Fund objective
The fund aims to provide income by investing in mainly UK Government securities. The fund is actively managed by our investment teams who may also invest a proportion of assets in other bonds (e.g. government backed securities, overseas government bonds, index-linked gilts, corporate bonds and floating rate notes (FRNs) and/ or money market instruments) in order to take advantage of opportunities they have identified. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund will routinely use derivatives to reduce risk or cost, or to generate additional capital or income at low risk. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • IA UK Gilt
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
5.6%
1 Year rank in sector
91/177
Sector
PN UK Gilts
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.
54
Bid price
172.78
Offer price
172.78
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn19.5%
Stan Life VanUK Long DurGtIdx Pn12.1%
Fidelity Annuity Pn12%
Zurich Long Dated Gilt Pn11.9%
SSgA MPF UK Over 15 Conv Glt Idx Pn11.8%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

  • UK99.5%
    Money Market0.5%
  • Government Bonds98.3%
    Corporate Bonds1.2%
    Money Market0.5%
  • Global Government Fixed Interest98.3%
    Global Corporate Fixed Interest1.2%
    Money Market0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%0.7%-2.7%5.6%19.9%22.9%
Sector1.1%2.1%-3.5%5.9%22.6%25.2%
Rank within sector175 / 181176 / 18014 / 17891 / 177106 / 17270 / 160
Quartile4th4th1st3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.3%9.2%0.7%11.8%-4.8%
Sector0.7%9.9%-0.3%13.3%-4.8%
Rank within sector164 / 18094 / 17721 / 17590 / 17064 / 166
Quartile4th3rd1st3rd2nd
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.
0.82
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.
0.83
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.
0.47
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%.
6.55
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.
2.47
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.
-0.13
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.
0.9
Price movement
52 week high183.41
52 week low161.12
Current bid price172.78
Current offer price172.78
Current mid price-
Region
1UK99.5%
2Money Market0.5%
Industry sector
1Government Bonds98.3%
2Corporate Bonds1.2%
3Money Market0.5%
Asset type
1Global Government Fixed Interest98.3%
2Global Corporate Fixed Interest1.2%
3Money Market0.5%
Individual holdings
1TREASURY 4% GILT 07/03/22 GBP0.014.2%
2TREASURY 4.25% GILT 07/06/2032 GBP0.013.5%
3TREASURY 4.75% GILT 07/12/30 GBP3.5%
4TREASURY 4.5% GILT 7/9/2034 GBP0.013.4%
5UK GILT 5% 07/03/20253.3%
6TREASURY 4.25% GILT 07/03/36 GBP0.013.2%
7TREASURY 4.25% GILT 7/12/463.1%
8TREASURY 4.25% GILT 07/12/403.1%
9TREASURY 4.5% GILT 7/12/42 GBP2.9%
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 in mainly UK Government securities. The fund is actively managed by our investment teams who may also invest a proportion of assets in other bonds (e.g. government backed securities, overseas government bonds, index-linked gilts, corporate bonds and floating rate notes (FRNs) and/ or money market instruments) in order to take advantage of opportunities they have identified. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund will routinely use derivatives to reduce risk or cost, or to generate additional capital or income at low risk. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • IA UK Gilt
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Philip Laing30/06/2014Philip joined Standard Life Investments in 2001 and has over 20 years investment experience. He is responsible for co-ordinating the management of the Government Rates team with specific fund responsibilities covering institutional pooled bond funds, segregated bond mandates and Standard Life Group funds. He also contributes to the management of the aggregate bond funds with additional input into the global absolute returns process. Philip is heavily involved in the development of our Rates team process and marketing our capabilities to consultants and third party clients.
Liam O'Donnell30/06/2014
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Standard Life UK Gilt 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)0.63%
Bid price172.78
Offer price172.78
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNDD4
L&G Standard Life UK Gilt Pn G25
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.88%
Bid price170.16
Offer price170.16
Mid price-
CurrencyGBX
Price updated23/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL361
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.