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
No data available.
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 GBP Non - Gilt
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.5%
1 Year rank in sector
24/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£11m (£10m 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.
32
Bid price
200.1
Offer price
210.6
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

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-5.4%4%7.5%20.3%47.2%
Sector-1.6%-5.3%2.6%5.9%17.9%39.2%
Rank within sector60 / 265150 / 26513 / 26524 / 26066 / 23530 / 210
Quartile1st3rd1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund9%1.4%9.3%2.2%16.2%
Sector7.1%0.2%10.5%1%13.5%
Rank within sector18 / 26031 / 246171 / 23571 / 22644 / 210
Quartile1st1st3rd2nd1st
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.
0.52
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.
0.52
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%.
5.68
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.
0.51
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.
0.94
Price movement
52 week high212.5
52 week low182.2
Current bid price200.1
Current offer price210.6
Current mid price-
Region
1UK92.2%
2Money Market7.8%
Industry sector
1BBB48.3%
2A24.8%
3BB8.6%
4AA8.5%
5Money Market8.1%
6AAA2.6%
7Non-Rated2.2%
8B0.7%
9CC0.3%
Asset type
1UK Fixed Interest92.2%
2Money Market7.8%
Individual holdings
1TREASURY 3.25% GILT 22/01/44 GBP0.012.6%
2PENNON GROUP PLC 6.75% PERP1.2%
3BARCLAYS (reg. -S-) FIX-TO-FRN 4.25%/12-12.01.20221.1%
4CLYDESDALE BANK 4.625% REG CVD BDS 08/06/26 GBP1000001.1%
5AT&T INC 4.25% BDS 01/06/43 GBP1000001%
6BUPA FINANCE PLC 5% NTS 25/04/23 GBP1000001%
7FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1%
8ANHEUSER-BUSCH INBEV SA/NV 4% NTS 24/09/25 GBP1000000.9%
9BANK OF AMERICA CORP 6.13% 15/09/20210.9%
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 GBP Non - Gilt
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alasdair Ross31/05/2015Alasdair Ross is an investment grade credit portfolio manager within the Fixed Income Team at Columbia Threadneedle Investments. In the absolute return space he is the co-manager on the Threadneedle Credit Opportunities Fund and has responsibility for the investment grade book on the Threadneedle Global Opportunities Fund. In the long-only space he manages the Threadneedle Pensions Corporate Bond Fund, the Threadneedle European Corporate Bond Fund and is deputy manager of the Threadneedle European Bond Fund. He is also the investment grade representative on the Fixed Income Asset Allocation Team. Mr. Ross’ 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 securitization sector. Prior to joining the company, Mr. Ross worked at BP plc in a rotation of commercial roles. Mr. Ross received a first class honours degree in politics, philosophy and economics from Oxford University. 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)0.75%
Bid price223.6
Offer price235.3
Mid price-
CurrencyGBX
Price updated01/12/2016
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 price200.1
Offer price210.6
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2W3
Data provided by

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