Fact sheet: MetLife Schroder Mthly Hi Inc Pn

Fund information
Fund name
MetLife Schroder Monthly High Income Pn
Fund manager company
MetLife
Fund type
Pension Fund
Fund manager
  • Michael Scottsince 01/08/2012
Underlying fund
Schroder Hi Yield Opps
Fund objective
The Fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The Fund may also invest in collective investment schemes, warrants and money market instruments.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
13.1%
1 Year rank in sector
7/57
Sector
PN Sterling High Yield
Yield
-
Fund size
£1m (£1m 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.
29
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn16.7%
Zurich Royal Lon Stg ExYldBd Pn16.2%
L&G High Income Pn15.6%
FL AXA Gbl High Inc EP13.8%
CM Schroder Mthly Hi Inc Pn13.3%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK27.5%
    USA16.4%
    France6.8%
    Italy5.6%
    Spain5.5%
  • Industrials57.3%
    Financials29.5%
    Government Agency Bonds4.2%
    Utilities3.3%
    Mortgage & Secured Bonds2.5%
  • UK Fixed Interest27.5%
    US Fixed Interest16.4%
    French Fixed Interest6.8%
    Italian Fixed Interest5.6%
    Spanish Fixed Interest5.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%2.7%4.8%13.1%24.6%57.6%
Sector1.4%2.3%3.6%10.8%15.9%41.1%
Rank within sector15 / 585 / 589 / 577 / 572 / 494 / 47
Quartile2nd1st1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4.4%12.2%5.5%5.8%8.3%
Sector3%11.2%-0.1%4.4%6.8%
Rank within sector3 / 5817 / 561 / 546 / 4917 / 49
Quartile1st2nd1st1st2nd
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.
2.35
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.
1.02
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.
0.82
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%.
4.87
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.
1.91
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.
1.27
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.
0.85
Price movement
52 week high205.8
52 week low181.26
Current bid price-
Current offer price-
Current mid price205.95
Region
1UK27.51%
2USA16.39%
3France6.79%
4Italy5.62%
5Spain5.55%
6Netherlands5.47%
7Luxembourg5.26%
8Brazil4.87%
9Germany4.4%
Industry sector
1Industrials57.31%
2Financials29.47%
3Government Agency Bonds4.23%
4Utilities3.31%
5Mortgage & Secured Bonds2.48%
6Government Bonds2.04%
7Money Market1.97%
8Derivatives-0.81%
Asset type
1UK Fixed Interest27.51%
2US Fixed Interest16.39%
3French Fixed Interest6.79%
4Italian Fixed Interest5.62%
5Spanish Fixed Interest5.55%
6Dutch Fixed Interest5.47%
7Luxembourg Fixed Interest5.26%
8Brazilian Fixed Interest4.87%
9American Emerging Fixed Interest4.56%
Individual holdings
1ALBA GROUP 8% BDS 15/05/18 EUR100000 REG S1.61%
2ECUADOR(REPUBLIC OF) 10.75% BDS 28/03/22 USD10001.5%
3EVEREST ACQUISITION LLC/FIN INC 9.375% BDS 01/05/20 USD10001.49%
4EVRAZ GROUP1.45%
5N & W GLOBAL VENDING LTD 7% BDS 15/10/23 EUR100000 REG S1.45%
6ACHMEA BV 4.25% UNDATED BDS EUR1000001.42%
7NUMERICABLE SFR BDS 01/05/26 USD200000 144A1.41%
8IDH FINANCE PLC 6.25% BDS 15/08/22 GBP1000001.35%
9KONINKLIJKE KPN NV 6.875% BDS 14/03/73 GBP10001.34%
Management
Fund manager group
MetLife
Fund manager company
MetLife
Fund type
Pension Fund
Fund objective
The Fund’s investment objective is to achieve a high level of income from a diversified portfolio of debt securities. The full spectrum of available securities, including unrated issues and those of non-investment grade, will be utilised. Investment will be in directly held transferable securities. The Fund may also invest in collective investment schemes, warrants and money market instruments.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Michael Scott01/08/2012Michael Scott transferred to the European and UK credit desk as a Portfolio Manager in 2010. He initially joined Schroders in 2006 as a European Industrials credit analyst, covering investment grade and high yield issuers. Prior to this, Michael worked at Cazenove from 2005. Michael holds a BA (Hons) degree in geography from Oxford University, and is a CFA charter holder.
Compliance
UCIS
Domicile
No data available.
Fund for sale in
United Kingdom
MetLife Schroder Monthly High Income Pn
Initial charge-
Annual charge0.63%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price205.953
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX659
MetLife Schroder Monthly High Income Pn RP
Initial charge-
Annual charge0.63%
Min single investment£500
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.76%
Bid price-
Offer price-
Mid price214.575
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDBF2
Data provided by

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