Fact sheet: Marks & Spencer High Income

Fund information
Fund name
Marks & Spencer High Income Acc
Fund manager company
Marks & Spencer UT Managers
Fund type
Unit Trust
Fund manager
No data available.
Fund objective
The Fund objective is to provide a high level of income, defined as the quoted average yield of the Investment Association peer group which is the Strategic Bond peer group. The Fund invests in both corporate and government bonds of any duration and equities across global markets. Lower risk bonds (called ’investment grade’) and higher risk bonds rated by Standard and Poor’s below BBB- (called ’sub investment grade’) will be held. A bond is a type of loan that pays interest. The Investment adviser has appointed three specialist investment advisers to each manage a portion of the Fund. This provides a blend of complementary investment approaches to achieve the Fund’s investment strategy. The fund may invest up to 10% of its assets in other funds. The fund employs a Total Return strategy which has a flexible allocation across the global bond universe and currency markets. Through seeking multiple sources of return the strategy aims, over an investment cycle, to achieve risk-adjusted returns above those of the investment universe. Income and accumulation units are available. You may sell your investment by contacting the Manager during the dealing hours noted in the Prospectus. Your units will be sold at 8am the following Business Day. Income is either paid to you or reinvested into the Fund and reflected in the value of your investment. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.7%
1 Year rank in sector
35/77
Sector
UT Sterling Strategic Bond
Yield
4.4%
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%
Fund size
£289m (£280m 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.
61
Bid price
244.9
Offer price
244.9
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.2%
Fidelity I Stg Cr + Bd9%
Fidelity UK Inv Grd Lg Cr8.3%
AXA Framlington Mgd Inc8.1%
Epworth Affirmative Fixed Interest7.9%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK27.7%
    USA24.5%
    Net Current Assets8.2%
    Channel Islands4.9%
    Netherlands4.8%
  • BBB+16.4%
    BBB14.2%
    AAA10.2%
    BBB-8.8%
    Money Market7.5%
  • UK Fixed Interest32.7%
    US Fixed Interest24.5%
    Money Market8.2%
    Dutch Fixed Interest4.8%
    American Emerging Fixed Interest4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%-5.4%1.8%4.7%12.8%30.9%
Sector-1.2%-3.2%2.5%4.4%12.5%32.5%
Rank within sector79 / 8362 / 8262 / 8235 / 7740 / 7138 / 60
Quartile4th4th4th2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.7%-1.2%7.6%-0.9%13.7%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector38 / 7764 / 7430 / 7248 / 6434 / 61
Quartile2nd4th2nd3rd3rd
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.
-0.83
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.
0.09
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%.
4.78
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.
2.46
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.
0.02
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.
0.76
Price movement
52 week high261.3
52 week low227.5
Current bid price244.9
Current offer price244.9
Current mid price-
Region
1UK27.72%
2USA24.48%
3Net Current Assets8.2%
4Channel Islands4.93%
5Netherlands4.77%
6France4.17%
7International3.55%
8Mexico2.44%
9Indonesia1.96%
Industry sector
1BBB+16.4%
2BBB14.18%
3AAA10.16%
4BBB-8.84%
5Money Market7.46%
6BB+7.26%
7A-6.36%
8A4.25%
9BB4.1%
Asset type
1UK Fixed Interest32.65%
2US Fixed Interest24.48%
3Money Market8.2%
4Dutch Fixed Interest4.77%
5American Emerging Fixed Interest4.37%
6French Fixed Interest4.17%
7Mexican Fixed Interest2.44%
8European Emerging Fixed Interest2.32%
9Global Fixed Interest2.11%
Individual holdings
1EUROPEAN INVESTMENT BANK 4.5% MTN 07/03/44 GBP10002.28%
2KREDITANSTALT FUER WIEDERAUFBAU KFW 5.75% BDS 7/6/2032 GBP10001.86%
3TREASURY 1.25% GILT 22/7/18 GBP0.011.59%
4EUROPEAN INVESTMENT BANK 4.75% BDS 15/10/18 GBP10001.37%
5GE CAPITAL UK FUNDING UNLTD CO 5.875% NTS 18/01/33 GBP10001.13%
6NETWORK RAIL INFRASTRUCTURE FINANCE 4.75% NTS 29/11/35 GBP500001.07%
7BARCLAYS BANK 4.25% 12/1/20220.93%
8HSBC HLDGS 6% SUBORD NTS 29/03/40 GBP500000.82%
9ENEL FINANCE INT 5.75% BDS 14/09/40 GBP14000000000.79%
Management
Fund manager group
Marks & Spencer UT Managers
Fund manager company
Marks & Spencer UT Managers
Fund type
Unit Trust
Fund objective
The Fund objective is to provide a high level of income, defined as the quoted average yield of the Investment Association peer group which is the Strategic Bond peer group. The Fund invests in both corporate and government bonds of any duration and equities across global markets. Lower risk bonds (called ’investment grade’) and higher risk bonds rated by Standard and Poor’s below BBB- (called ’sub investment grade’) will be held. A bond is a type of loan that pays interest. The Investment adviser has appointed three specialist investment advisers to each manage a portion of the Fund. This provides a blend of complementary investment approaches to achieve the Fund’s investment strategy. The fund may invest up to 10% of its assets in other funds. The fund employs a Total Return strategy which has a flexible allocation across the global bond universe and currency markets. Through seeking multiple sources of return the strategy aims, over an investment cycle, to achieve risk-adjusted returns above those of the investment universe. Income and accumulation units are available. You may sell your investment by contacting the Manager during the dealing hours noted in the Prospectus. Your units will be sold at 8am the following Business Day. Income is either paid to you or reinvested into the Fund and reflected in the value of your investment. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
No data available.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Marks & Spencer High Income Acc
Initial charge-
Annual charge1%
Min single investment£100
Min regular saving£25
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price244.9
Offer price244.9
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMF11
Marks & Spencer High Income Inc
Initial charge-
Annual charge1%
Min single investment£100
Min regular saving£25
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price113
Offer price113
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKJ06
Data provided by

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