Fact sheet: Lloyds Sterling Bond

Fund information
Fund name
Lloyds Sterling Bond
Fund manager company
Lloyds Investment Fund Manager
Fund type
No data available.
Fund managers
  • Luke Hickmoresince 26/07/2001
  • Neil Murraysince 01/01/2003
Fund objective
To provide a regular income from a managed portfolio of sterling fixed interest securities with a particular emphasis on those securities on which interest is paid gross to non-residents of the United Kingdom.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6%
1 Year rank in sector
5/19
Sector
FO Fixed Int - GBP
Yield
3.3%
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.
1.07%
Fund size
£21m
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.
41
Top in this sector
Fund name1 Year
Fidelity Flexible Bond7.6%
RBOS (Jsy) Brewin Dolphin Bond7.1%
Royal London Stg ExYdBd7.1%
Lloyds High Income6.3%
GS Sterling Cr Prtf6.1%
...more in FO Fixed Int - GBP

Performance snapshot

Holdings snapshot

  • UK97.5%
    Money Market2.5%
  • Corporate Bonds91.4%
    Government Bonds5.1%
    Money Market2.5%
    Fixed Interest1%
  • Global Corporate Fixed Interest91.4%
    Global Government Fixed Interest5.1%
    Money Market2.5%
    Global Fixed Interest1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%-6.2%2.9%6%18.6%41.8%
Sector-1.5%-4.8%2.5%5.5%17.8%29.3%
Rank within sector15 / 2214 / 226 / 205 / 1910 / 204 / 19
Quartile3rd3rd2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.8%-0.4%11.2%0.7%15.1%
Sector6.9%0.3%10.4%-0.4%6.9%
Rank within sector4 / 1914 / 198 / 198 / 185 / 18
Quartile1st3rd2nd2nd2nd
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.
-0.99
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.
1.24
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.
0.38
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%.
6.43
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.
2.22
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.
0.13
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.
0.91
Price movement
52 week high1.64
52 week low1.42
Current bid price-
Current offer price-
Current mid price1.51
Region
1UK97.48%
2Money Market2.52%
Industry sector
1Corporate Bonds91.38%
2Government Bonds5.14%
3Money Market2.52%
4Fixed Interest0.96%
Asset type
1Global Corporate Fixed Interest91.38%
2Global Government Fixed Interest5.14%
3Money Market2.52%
4Global Fixed Interest0.96%
Individual holdings
1LLOYDS BANK PLC 7.625% NTS 22/04/25 GBP10002.23%
2BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500002.09%
3E.ON INTERNATIONAL FINANCE 6.375% EUR MED TRM NTS 7/6/32 GBP10001.88%
4VERIZON COMMUNICATIONS INC 4.75% MTN 17/02/34 GBP1000001.78%
5HEATHROW FUNDING LTD CLS`A`6.45% UNWRP BDS 10/12/33 GBP`144A`1.43%
6MEADOWHALL FINANCE PLC CLS`B`4.988% BDS 12/07/37 GBP500001.36%
7EDF 6.125% NTS 02/06/34 GBP500001.34%
8ELECTRICITE FRANCE 5.5% 20411.31%
9CENTRICA PLC 6.375% NTS 10/03/22 GBP500001.3%
Management
Fund manager group
Lloyds TSB Offshore Fd Mgr
Fund manager company
Lloyds Investment Fund Manager
Fund type
No data available.
Fund objective
To provide a regular income from a managed portfolio of sterling fixed interest securities with a particular emphasis on those securities on which interest is paid gross to non-residents of the United Kingdom.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Luke Hickmore26/07/2001Luke is responsible for managing credit bond portfolios for a wide variety of clients. He also covers the retail, pharmaceutical, household goods, transport and food sectors for the team. Before joining SWIP Luke worked for RIA Capital Markets in Edinburgh, where he was head of research and a member of the executive committee. Prior to this, he was an investment manager at Rathbone Unit Trust Management. His industry experience also includes time at Albert E Sharp and Lloyds Private Banking. Luke was awarded fellowship status of the Securities Institute in 1997 and holds the Investment Management Certificate.Luke has been with Swip since September 2007.
Neil Murray01/01/2003Neil is an investment manager in the global bonds and economics team with responsibility for the management of investment grade credit portfolios. His research responsibilities include water utilities, retail and tobacco. Before joining SWIP in September 2000, he spent two years in the investment risk control unit at Scottish Widows. Neil is an investment manager in the global bonds and economics team with responsibility for the management of investment grade credit portfolios. His research responsibilities include water utilities, retail and tobacco. Before joining SWIP in September 2000, he spent two years in the investment risk control unit at Scottish Widows. Neil holds a BSc in pure and applied chemistry and a diploma in accountancy from the University of Strathclyde.
Compliance
Distributor Status, Reporting Fund Status
Domicile
No data available.
Fund for sale in
United Kingdom, Jersey, Offshore, South Africa
Lloyds Sterling Bond
Initial charge4%
Annual charge0.88%
Min single investment£5,000
Min regular saving£50
Available in ISANo
Ongoing charge (OCF)1.07%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price1.509
CurrencyGBP
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeTS04
Data provided by

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