Fact sheet: RLP Corporate Bond Pn

Fund information
Fund name
RLP Corporate Bond Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Jonathan Plattsince 30/05/2002
No data available.
Fund objective
The fund is designed to outperform its benchmark.
Benchmark
  • iBoxx Non-Gilt Overall Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.5%
1 Year rank in sector
90/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£194m (£210m 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.
28
Bid price
234.1
Offer price
246.5
Top in this sector
Fund name1 Year
L&G PMC AAAAAA CpBd Ov15Y Id Pn14.7%
MetLife Fid Corp Bd 20yr Pn14.6%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.2%
BlackRock DC AqOv 15 YCrp BdIx HP14.1%
FL M&G All Stocks Corp Bd Pn13.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK98.9%
    Money Market1.1%
  • Fixed Interest99.1%
    Cash & Cash Equivalents1.1%
    Industrials0.2%
    Others-0.3%
  • UK Corporate Fixed Interest98.9%
    Cash & Cash Equivalents1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.7%0.3%1.8%8.5%21.5%51.7%
Sector1.6%-0.8%0.1%8.1%18.9%37.5%
Rank within sector79 / 26414 / 2657 / 26590 / 26063 / 2354 / 211
Quartile2nd1st1st2nd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund0.1%9.2%0.8%12.3%5%
Sector-0.3%9.4%0.2%10.5%1%
Rank within sector53 / 265135 / 26085 / 24628 / 23514 / 226
Quartile1st3rd2nd1st1st
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.
1.08
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.
0.93
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.
0.75
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%.
5.04
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.
0.85
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.
0.77
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.
0.98
Price movement
52 week high239
52 week low211.9
Current bid price234.1
Current offer price246.5
Current mid price-
Region
1UK98.93%
2Money Market1.07%
Industry sector
1Fixed Interest99.06%
2Cash & Cash Equivalents1.07%
3Industrials0.19%
4Others-0.32%
Asset type
1UK Corporate Fixed Interest98.93%
2Cash & Cash Equivalents1.07%
Individual holdings
1INTEREST RATE SWAP IRS 10.49% 10 SEP 18 AGAINST ICE LIBOR GBP 6 MONTH FLOATING LEG1.63%
2TREASURY 1.25% GILT 22/7/18 GBP0.011.6%
3INTEREST RATE SWAP IRS 4.058823% 17 MAR 17 AGAINST ICE LIBOR GBP 6 MONTH FLOATING LEG1.33%
4INTEREST RATE SWAP IRS 35.093% 10 SEP 23 AGAINST ICE LIBOR GBP 6 MONTH FLOATING LEG1.02%
5INTEREST RATE SWAP IRS 10.84208% 25 SEP 19 AGAINST ICE LIBOR GBP 6 MONTH FLOATING LEG0.93%
6INTEREST RATE SWAP IRS 0% 04 MAR 20 AGAINST ICE LIBOR GBP 6 MONTH FLOATING LEG0.78%
7INTEREST RATE SWAP IRS 6.75% 19 MAR 20 AGAINST ICE LIBOR GBP 6 MONTH FLOATING LEG0.78%
8CO-OPERATIVE BANK 4.75% GBL CVD BDS 11/11/21 GBP 2011-10.75%
9PRUDENTIAL PLC 5.7% DATED TIER 2 NTS 19/12/63 GBP1000000.7%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund is designed to outperform its benchmark.
Benchmark
  • iBoxx Non-Gilt Overall Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Jonathan Platt30/05/2002Overall asset allocation is determined by Jonathan Platt. He is supported by RLAM's award-winning Fixed Interest Team. Jonathan brings a wealth of experience and leadership to the Fixed Interest Team at RLAM. He joined the Royal London Group in 1985 and became Head of Fixed Interest in 1992. Jonathan has been instrumental in overseeing the development of the fixed interest process and remains committed to the management of client portfolios. Jonathan has an MA degree in Philosophy, Politics and Economics from Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Corporate Bond Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price234.1
Offer price246.5
Mid price-
CurrencyGBX
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS042
Data provided by

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