Fact sheet: Lazard GA Stg Hi Qlty Bd

Fund information
Fund name
Lazard Global Active Sterling High Quality Bond Ret
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund managers
  • Ulrich Teutschsince 30/04/2014
Fund objective
To achieve an attractive level of return from an actively managed portfolio of sterling denominated fixed income securities.
Benchmark
  • iBoxx Sterling Overall
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.1%
1 Year rank in sector
4/4
Sector
FO Fixed Int - GBP Government
Yield
1.6%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.4%
Fund size
£2m
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.
50
Top in this sector
Fund name1 Year
JI British Bonds CL7.6%
Invesco Gilt7.1%
Allied Dunbar Gilt & Income6.2%
Lazard GA Stg Hi Qlty Bd6.1%
...more in FO Fixed Int - GBP Government

Performance snapshot

Holdings snapshot

  • UK100%
  • Government Bonds21.9%
    Financials20.3%
    Telecommunications14.8%
    Utilities12.6%
    Consumer Services9.3%
  • Global Fixed Interest78.1%
    UK Gilts21.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-7.9%1.1%6.1%16.1%22.4%
Sector-2.1%-7.3%1.4%7.3%21.6%22.5%
Rank within sector2 / 44 / 43 / 44 / 44 / 42 / 4
Quartile2nd4th3rd4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.8%-2.3%10.7%-1.5%4.9%
Sector8.2%-0.4%13.3%-3.2%1.8%
Rank within sector3 / 44 / 44 / 41 / 42 / 4
Quartile3rd4th4th1st2nd
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.
-1.12
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.
0.93
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.
0.19
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%.
7.34
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.
2.51
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.
-0.62
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.
0.88
Price movement
52 week high138.79
52 week low118.15
Current bid price-
Current offer price-
Current mid price125.7
Region
1UK100%
Industry sector
1Government Bonds21.9%
2Financials20.3%
3Telecommunications14.8%
4Utilities12.6%
5Consumer Services9.3%
6Others8.4%
7Consumer Goods6.1%
8Technology4.3%
9Basic Materials2.3%
Asset type
1Global Fixed Interest78.1%
2UK Gilts21.9%
Individual holdings
1TREASURY 4.25% GILT 07/06/2032 GBP0.017%
2WPP FINANCE SA 2.875% BDS 14/09/46 GBP1000005.7%
3TREASURY 4.25% GILT 07/03/36 GBP0.015.4%
4SANTANDER UK PLC 3.88 15/10/294.8%
5NETWORK RAIL INFRASTRUCTURE FINANCE 4.75% NTS 29/11/35 GBP500004.6%
6RABOBANK NEDERLAND 4.63 23/05/20294.6%
7SOUTHERN GAS NETWORKS PLC 3.25 08/03/20274.6%
8ORANGE SA 5.75% BDS PERP EUR141004.5%
9TREASURY 3.25% GILT 22/01/44 GBP0.014.5%
Management
Fund manager group
Lazard
Fund manager company
Lazard (IRL)
Fund type
OEIC
Fund objective
To achieve an attractive level of return from an actively managed portfolio of sterling denominated fixed income securities.
Benchmark
  • iBoxx Sterling Overall
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ulrich Teutsch30/04/2014Ulrich Teutsch is a Portfolio Manager/Analyst on the European Credit Team located in Frankfurt. He began working in the investment field in 1999. Prior to joining Lazard in 2010, Ulrich was an Analyst with InteractiveData and ValuePrice and a senior portfolio manager with Cominvest Asset Management. He has a diploma in Business Administration from University of Siegen and also holds the DVFA/CEFA
Compliance
Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Lazard Global Active Sterling High Quality Bond Inst
Initial charge-
Annual charge0.3%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.73%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price126.7122
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeAUI1
Lazard Global Active Sterling High Quality Bond Ret
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.4%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.7014
CurrencyGBP
Price updated06/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeLG28
Data provided by

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