Fact sheet: Liontrust Mon Inc Bd

Fund information
Fund name
Liontrust Monthly Income Bond B Gr Inc
Fund manager company
Liontrust Investments Limited
Fund type
OEIC
Fund managers
  • Stuart Stevensince 14/06/2010
  • Aitken Rosssince 30/09/2016
  • Kenny Watsonsince 01/04/2015
Fund objective
The Fund aims to produce a monthly income yield and the prospect of capital growth by investing in a portfolio of assets which comprises predominantly corporate bonds, and also includes government bonds, whilst at the same time actively managing the interest rate exposure of the Fund. The Fund pays interest distributions monthly. The Fund holds investment-grade Sterling corporate bonds, government bonds, non-Sterling investment grade corporate bonds and relevant derivative instruments.
Benchmark
  • iBoxx Sterling Corporates 5-15 years
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
13.5%
1 Year rank in sector
8/89
Sector
UT Sterling Corporate Bond
Yield
5.8%
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.
0.64%
Fund size
£231m (£264m 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.
27
Mid price
106.7
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.1%
Henderson Inst Long Dat Cr15.8%
Fidelity Inst UK Lg Crp Bd15.4%
F&C Instl Lg Dtd Corp Bd15.3%
Blackrock InstBdOver10YrCorp14.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK69.9%
    France9.4%
    Ireland4.3%
    Spain4.2%
    Italy4%
  • Financials51%
    Utilities12.5%
    Telecommunications Utilities9.1%
    Government Bonds7.4%
    Real Estate6.5%
  • UK Fixed Interest62.5%
    French Fixed Interest9.4%
    UK Gilts7.4%
    Irish Fixed Interest4.3%
    Spanish Fixed Interest4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%3.9%7.9%13.5%21.2%50.4%
Sector0.9%2.2%5.5%9.2%19.1%34.8%
Rank within sector2 / 962 / 969 / 948 / 8931 / 8310 / 69
Quartile1st1st1st1st2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund5.7%9.4%1.4%7.4%2.6%
Sector3.3%9.1%-0.3%10.1%0.2%
Rank within sector2 / 9442 / 874 / 8569 / 8210 / 76
Quartile1st2nd1st4th1st
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.
1.62
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.
0.8
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%.
5.5
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.
3.56
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.
0.12
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.
0.61
Price movement
52 week high106.7
52 week low98.66
Current bid price-
Current offer price-
Current mid price106.7
Region
1UK69.91%
2France9.36%
3Ireland4.27%
4Spain4.22%
5Italy4.03%
6Netherlands3.88%
7Portugal2.88%
8Belgium2.17%
9Money Market1.92%
Industry sector
1Financials50.97%
2Utilities12.48%
3Telecommunications Utilities9.13%
4Government Bonds7.37%
5Real Estate6.5%
6Consumer Discretionary4.98%
7Consumer Staples4.09%
8Industrials3.61%
9Others2.97%
Asset type
1UK Fixed Interest62.54%
2French Fixed Interest9.36%
3UK Gilts7.37%
4Irish Fixed Interest4.27%
5Spanish Fixed Interest4.22%
6Italian Fixed Interest4.03%
7Dutch Fixed Interest3.88%
8Portuguese Fixed Interest2.88%
9Belgian Fixed Interest2.17%
Individual holdings
1TREASURY 8% GILT 20217.37%
2STANDARD LIFE PLC 6.75% PERP RESET SUB GTD BDS GBP(VAR)3.39%
3DEUTSCHE TELEKOM INTL FINANCE B.V. 9.25% BDS 1/6/32 USD10002.97%
4BARCLAYS BANK PLC 14% STEP-UP CALL PERP RCI GBP500002.96%
5STANDARD CHARTERED 5.125% DTD SUBORD NTS 06/06/34 GBP1000002.83%
6IBERDROLA SA 7.375% EMTN 29/01/24 GBP10002.78%
7BRITISH TELECOMMUNICATIONS 9.875% NTS 15/12/30 USD10002.75%
8NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000002.7%
9SSE PLC 8.375% NTS 20/11/28 GBP500002.64%
Management
Fund manager group
No data available.
Fund manager company
Liontrust Investments Limited
Fund type
OEIC
Fund objective
The Fund aims to produce a monthly income yield and the prospect of capital growth by investing in a portfolio of assets which comprises predominantly corporate bonds, and also includes government bonds, whilst at the same time actively managing the interest rate exposure of the Fund. The Fund pays interest distributions monthly. The Fund holds investment-grade Sterling corporate bonds, government bonds, non-Sterling investment grade corporate bonds and relevant derivative instruments.
Benchmark
  • iBoxx Sterling Corporates 5-15 years
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stuart Steven14/06/2010Stuart has been involved in managing multi-currency fixed income portfolios since 1991, with experience in managing teams and marketing fixed income funds. He has an additional 5 years’ related investment experience. He joined Alliance Trust in December 2009 and is Co-Fund Manager of Alliance Trust Monthly Income Bond Fund. Following a period in industry, Stuart joined Britannic Asset Management in 1994 and became Head of Corporate Bonds with responsibility for managing investment grade portfolios for retail and institutional funds. In 2000 he joined Legal & General as Director, Corporate Bonds, where until 2006, he managed a highly successful team of credit specialists managing multi-currency assets. He joined Scottish Widows Investment Partnership in 2008 as Investment Director, managing a number of funds, including investment grade and & absolute return funds.
Aitken Ross30/09/2016Aitken joined the Management Training Programme in September 2010 after graduating in Accountancy and Finance (First Class Honours) from Dundee University and subsequently completing an MA in International Financial Analysis at Newcastle University. Aitken is also a CFA charterholder
Kenny Watson01/04/2015Kenny joined Alliance Trust in September 2013. Prior to this, he worked for Ignis Asset Management for 15 years, specialising first in UK smaller companies, before moving to the fixed income team in 2004 where he was responsible for the sub investment grade bond portfolios including the High Income Bond Fund. Prior to focusing on sub investment grade bonds, he was part of the team managing the investment grade life company mandates. He started his career at KPMG, after qualifying as a chartered accountant, before joining Murray Johnstone as a trainee fund manager in UK equities in 1994. Kenny has a BA in Accounting & Economics from the University of Strathclyde, is a chartered accountant and is an Associate of the UK Society of Investment Professionals.
Compliance
IA Recognised, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Liontrust Monthly Income Bond B Gr Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price152.4
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4K8
Liontrust Monthly Income Bond B Gr Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price106.7
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L0
Liontrust Monthly Income Bond P Gr Acc
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.46%
Total expense ratio (TER)0.39%
Bid price-
Offer price-
Mid price160.7
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L2
Liontrust Monthly Income Bond P Gr Inc
Initial charge-
Annual charge0.2%
Min single investment£1,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.48%
Total expense ratio (TER)0.37%
Bid price-
Offer price-
Mid price108.4
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L4
Liontrust Monthly Income Bond Z Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L5
Liontrust Monthly Income Bond Z Gr Acc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L6
Liontrust Monthly Income Bond Z Gr Inc
Initial charge-
Annual charge-
Min single investment£5,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.13%
Total expense ratio (TER)0.18%
Bid price-
Offer price-
Mid price111.4
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L8
Liontrust Monthly Income Bond Z Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.17%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ4L7
Data provided by

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