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 01/06/2015
Underlying fund
Threadneedle UKCorpBd
Fund objective
The aim of the Fund is to provide income. The Fund invests at least two-thirds of its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in the UK and Continental Europe.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11.5%
1 Year rank in sector
24/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£12m (£11m 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.
31
Bid price
212.6
Offer price
223.7
Top in this sector
Fund name1 Year
OMW IPL L&G AAA CrpBdOv15YIx Pn15.1%
BlackRock DC AqOv 15 YCrp BdIx HP14.8%
AEGON Long Core Plus Pn14.5%
AEGON UK Long Corporate Bond Pn14.4%
FL TEActv Bln Bd IE13.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK93.7%
    Money Market6.3%
  • Investment Grade Bonds66.7%
    Mortgage & Secured Bonds15.1%
    High Yield Bond8.2%
    Money Market5.5%
    Government Bonds2.7%
  • UK Corporate Fixed Interest93.7%
    Money Market6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.1%6.2%11.5%23.7%45.1%
Sector0.8%2.2%5.2%9%19.9%38.2%
Rank within sector100 / 263155 / 26240 / 26024 / 25938 / 23038 / 215
Quartile2nd3rd1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund3.7%11.7%1.4%9.3%2.2%
Sector3.1%9.4%0.2%10.5%1%
Rank within sector43 / 26015 / 25631 / 242168 / 23070 / 221
Quartile1st1st1st3rd2nd
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.
0.74
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.
1.05
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.
0.65
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%.
5.83
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.
1.37
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.
0.73
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 high212.8
52 week low190.7
Current bid price212.6
Current offer price223.7
Current mid price-
Region
1UK93.7%
2Money Market6.3%
Industry sector
1Investment Grade Bonds66.7%
2Mortgage & Secured Bonds15.1%
3High Yield Bond8.2%
4Money Market5.5%
5Government Bonds2.7%
6Government Agency Bonds1.2%
7Fixed Interest0.6%
Asset type
1UK Corporate Fixed Interest93.7%
2Money Market6.3%
Individual holdings
1INNOGY FINANCE BV 6.25% 03/06/20301.5%
2TREASURY 3.25% GILT 22/01/44 GBP0.011.3%
3PENNON GROUP PLC 6.75% PERP1.2%
4BUPA FINANCE PLC 5% NTS 25/04/23 GBP1000001%
5FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1%
6NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001%
7ANHEUSER-BUSCH INBEV SA/NV 4% NTS 24/09/25 GBP1000000.9%
8BANK OF AMERICA CORP 6.13% 15/09/20210.9%
9CLYDESDALE BANK 4.625% REG CVD BDS 08/06/26 GBP1000000.9%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The aim of the Fund is to provide income. The Fund invests at least two-thirds of its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies in the UK and Continental Europe.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alasdair Ross01/06/2015Alasdair 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 price237.3
Offer price249.8
Mid price-
CurrencyGBX
Price updated23/05/2017
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 price212.6
Offer price223.7
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2W3
Data provided by

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