Fact sheet: Newton Long Corporate Bond

Fund information
Fund name
Newton Long Corporate Bond Exempt 1 Gr
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund manager
  • Howard Cunninghamsince 31/03/2004
Fund objective
The objective of the Fund is to maximise returns through investment in predominantly sterling denominated fixed interest securities excluding gilts.
Benchmark
  • BofA Merrill Lynch Non-Gilt 10yr + Invest Grade TR
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
11.4%
1 Year rank in sector
2/92
Sector
UT Sterling Corporate Bond
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.
0.26%
Fund size
£82m (£234m 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.
57
Mid price
310.72
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • International99.7%
    Money Market0.3%
  • Financials19.2%
    Utilities17.5%
    Asset/Mortgage-Backed Securities16.2%
    Others15.6%
    Government Agency Bonds10%
  • Global Fixed Interest66.9%
    Others16%
    Global Government Fixed Interest10.7%
    Supranational Fixed Interest6.4%
    Money Market-0.1%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.1%-7.6%3.6%11.4%30.8%52.4%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector89 / 9786 / 9413 / 942 / 925 / 875 / 71
Quartile4th4th1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12.4%0.2%16.6%0%13.7%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector6 / 9234 / 907 / 8755 / 7833 / 71
Quartile1st2nd1st3rd2nd
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.
0.58
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.
1.61
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.
0.64
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%.
8.67
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.
3.59
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
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.
0.97
Price movement
52 week high339.43
52 week low275.36
Current bid price-
Current offer price-
Current mid price310.72
Region
1International99.68%
2Money Market0.32%
Industry sector
1Financials19.2%
2Utilities17.53%
3Asset/Mortgage-Backed Securities16.22%
4Others15.57%
5Government Agency Bonds9.97%
6Telecommunications6.15%
7Consumer Goods6.01%
8Fixed Interest4.9%
9Industrials4.13%
Asset type
1Global Fixed Interest66.9%
2Others16.03%
3Global Government Fixed Interest10.71%
4Supranational Fixed Interest6.42%
5Money Market-0.06%
Individual holdings
1EUROPEAN INVESTMENT BANK3.53%
2HSBC BANK PLC2.94%
3PRUDENTIAL FIN2.94%
4GLAXOSMITHKLINE2.45%
5ELECTRIC DE FRANCE2.36%
6ENGIE SA2.27%
7SSE PLC2.26%
8CENTRICA PLC2.12%
9LCR FINANCE PLC2.11%
Management
Fund manager group
Newton & BNY Mellon Asset Mgmt
Fund manager company
Newton & BNY Mellon Asset Mgmt
Fund type
OEIC
Fund objective
The objective of the Fund is to maximise returns through investment in predominantly sterling denominated fixed interest securities excluding gilts.
Benchmark
  • BofA Merrill Lynch Non-Gilt 10yr + Invest Grade TR
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Howard Cunningham31/03/2004Howard is a fixed income portfolio manager. He joined Newton in 2000 as a senior credit analyst with particular responsibility for investment-grade bonds, and took on portfolio management responsibilities in 2002. In addition to his responsibilities as manager of the Newton Long Gilt Fund, Newton Index-linked Fund , Newton Long Corporate Bond Fund and certain segregated credit portfolios, he is also the co-manager of the Newton Global Dynamic Bond Fund. Howard began his career in NatWest Group, working in a variety of corporate relationship and credit roles. He is an Associate of the Chartered Institute of Bankers, and a member of the UK Society for Investment Professionals. 15 years at Newton and 28 years investment experience
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Chile, Germany, Spain, United Kingdom, Portugal
Newton Long Corporate Bond Exempt 1 Gr
Initial charge7%
Annual charge0.2%
Min single investment£50,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.26%
Total expense ratio (TER)0.26%
Bid price-
Offer price-
Mid price310.72
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBS91
Newton Long Corporate Bond Exempt 2 Gr
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.36%
Total expense ratio (TER)0.36%
Bid price-
Offer price-
Mid price208.37
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeRZ27
Newton Long Corporate Bond Inst
Initial charge-
Annual charge0.5%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price170.75
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeV464
Newton Long Corporate Bond X Gr
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)0.06%
Bid price-
Offer price-
Mid price316.58
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeV258
Newton Long Corporate Bond X Inc
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.06%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.36
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJWIA
Data provided by

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