Fact sheet: Premier Corp Bd Mthly Income

Fund information
Fund name
Premier Corporate Bond Monthly Income C Inc
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund managers
  • Paul Smithsince 31/07/2009
Fund objective
The aim of the Fund is to provide you with income, paid to you each month.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.8%
1 Year rank in sector
87/92
Sector
UT Sterling Corporate Bond
Yield
1.5%
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.
1.05%
Fund size
£50m (£56m 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.
17
Mid price
85.35
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

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.6%1.8%2.8%10.8%37%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector19 / 9712 / 9475 / 9487 / 9278 / 8736 / 71
Quartile1st1st4th4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund3.4%-0.2%7.2%5.9%16.3%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector86 / 9253 / 9072 / 872 / 789 / 71
Quartile4th3rd4th1st1st
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.
0.6
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.
0.53
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.
-
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%.
3.16
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.
2.85
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.
-0.62
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.
0.8
Price movement
52 week high87.58
52 week low83.13
Current bid price-
Current offer price-
Current mid price85.35
Region
1UK100%
Industry sector
1BBB43.7%
2A25.7%
3AAA9.3%
4BB5.9%
5AA5.8%
6Non-Rated5.8%
7B3.8%
Asset type
1UK Fixed Interest100%
Individual holdings
1ASPIRE DEFENCE FINANCE 4.674% SER`A`GTD SEC BD 31/3/40 GBP500002.2%
2REAL ESTATE CREDIT INVESTMENT PCC LIMITED 8% CULS 31/12/20172%
3CAMBRIDGE(UNIVERSITY OF) 3.75% NTS 17/10/52 GBP10001.9%
4SOUTH EASTERN POWER NETWORKS PLC IDX LKD FXD RTE NTS 5/6/23 GBP(VAR)1.9%
5EUROPEAN INVESTMENT BANK 2.65% BDS 16/4/2020 GBP100001.7%
6BANK OF AMERICA CORP 5.25 09/11/20161.6%
7PEPSICO INC 2.5% BDS 01/11/22 GBP1000001.6%
8ABBEY NATIONAL 5.75% MTN 02/03/20261.5%
9BT PLC 5.75% 07/12/281.5%
Management
Fund manager group
Premier Asset Management
Fund manager company
Premier Asset Management
Fund type
OEIC
Fund objective
The aim of the Fund is to provide you with income, paid to you each month.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Paul Smith31/07/2009Paul Smith joined Premier in 2006 and his responsibilities include the management of a number of open and closed ended funds. Paul's management of lower risk mandates has over the last decade been recognised at the Money Observer Investment Trust Awards, Investment Week Fund Manager of the Year Awards, and membership of the Investment Adviser 100 Club. Paul has a First Class BA (Hons) degree in Economics, and an MA in Finance and Investment (with Distinction) from Exeter University.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Premier Corporate Bond Monthly Income A Inc
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.4%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price81
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBY01
Premier Corporate Bond Monthly Income B Inc
Initial charge-
Annual charge0.75%
Min single investment£50,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.15%
Total expense ratio (TER)1.35%
Bid price-
Offer price-
Mid price83.16
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBY51
Premier Corporate Bond Monthly Income C Inc
Initial charge-
Annual charge0.65%
Min single investment£250,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price85.35
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBY52
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.