Fact sheet: LV= UK Corporate Bond Pn

Fund information
Fund name
LV= UK Corporate Bond Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Alasdair Rosssince 31/05/2015
Underlying fund
Threadneedle UKCorpBd
Fund objective
The aim of the Fund is to grow the amount you invested. The Fund invests at least two-thirds of its assets in higher rated bonds (which are similar to a loan and pay a fixed or variable interest rate) that are priced in British pounds. Higher rated bonds (as defined by international agencies that provide such ratings) are considered safer than lower rated bonds but typically pay a lower income. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • iBoxx £ Non Gilts Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
12.7%
1 Year rank in sector
26/261
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£11m (£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.
33
Bid price
206.5
Offer price
217.4
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP17.2%
Aviva AT SF Corp Bd Pn15%
M&G PP All Stock Corporate Bond Pn14.9%
AEGON UK Long Corporate Bond Pn14.5%
L&G PMC AAAAAA CpBd Ov15Y Id Pn14.4%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK99%
    Money Market1%
  • Investment Grade Bonds65.3%
    Mortgage & Secured Bonds15.5%
    High Yield Bond8.1%
    Government Bonds5.8%
    Money Market4%
  • UK Corporate Fixed Interest99%
    Money Market1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%2.8%-2.4%12.7%22.8%44.4%
Sector1.1%2.3%-2.6%9.9%19.4%37%
Rank within sector61 / 26546 / 264129 / 26526 / 26145 / 23531 / 215
Quartile1st1st2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund0.7%11.7%1.4%9.3%2.2%
Sector0.4%9.4%0.2%10.5%1%
Rank within sector92 / 26516 / 26031 / 246171 / 23571 / 226
Quartile2nd1st1st3rd2nd
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.
0.59
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.
1.04
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.
0.53
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%.
5.72
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.
1.36
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.
0.59
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.
0.94
Price movement
52 week high212.5
52 week low182.7
Current bid price206.5
Current offer price217.4
Current mid price-
Region
1UK99%
2Money Market1%
Industry sector
1Investment Grade Bonds65.3%
2Mortgage & Secured Bonds15.5%
3High Yield Bond8.1%
4Government Bonds5.8%
5Money Market4%
6Government Agency Bonds0.7%
7Fixed Interest0.6%
Asset type
1UK Corporate Fixed Interest99%
2Money Market1%
Individual holdings
1TREASURY 3.25% GILT 22/01/44 GBP0.012%
2UK TREASURY STRIP UK 4.25% TREASURY STRIP 7/3/36 PRNCPAL1.5%
3PENNON GROUP PLC 6.75% PERP1.3%
4BUPA FINANCE PLC 5% NTS 25/04/23 GBP1000001.1%
5FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1.1%
6INNOGY FINANCE BV 6.25% 03/06/20301.1%
7BANK OF AMERICA CORP 6.13% 15/09/20211%
8CLYDESDALE BANK 4.625% REG CVD BDS 08/06/26 GBP1000001%
9NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The aim of the Fund is to grow the amount you invested. The Fund invests at least two-thirds of its assets in higher rated bonds (which are similar to a loan and pay a fixed or variable interest rate) that are priced in British pounds. Higher rated bonds (as defined by international agencies that provide such ratings) are considered safer than lower rated bonds but typically pay a lower income. The Fund may also invest in asset classes and instruments different from those stated above.
Benchmark
  • iBoxx £ Non Gilts Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alasdair Ross31/05/2015Alasdair Ross joined the company in 2003 and is currently Head of Investment Grade Portfolio Management, EMEA, with responsibility for our UK and European investment grade corporate credit teams in London. He is also lead portfolio manager for UK, Euro and Global credit portfolios which include the Threadneedle European Corporate Bond Fund, the Threadneedle Global Corporate Bond Fund and the Threadneedle Pensions Corporate Bond Fund.Alasdair’s investment background is as a relative value focused, bottom-up investment grade credit analyst. Between joining the company in 2003 and becoming a portfolio manager in 2007, he had responsibility for covering the TMT, utility and energy sectors, as well as the sterling whole business securitisation sector.Prior to joining the company, Alasdair worked at BP plc in a rotation of commercial roles.Alasdair has a first class honours degree in Politics, Philosophy and Economics from the University of Oxford. He also holds the Chartered Financial Analyst designation.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= UK Corporate Bond Pn
Initial charge-
Annual charge0.66%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.72%
Bid price230.7
Offer price242.8
Mid price-
CurrencyGBX
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB5I0
LV= UK Corporate Bond Pn S2
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.49%
Bid price206.5
Offer price217.4
Mid price-
CurrencyGBX
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2W3
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.