Fact sheet: RLP Fidelity Stratgc Bd Pn

Fund information
Fund name
RLP Fidelity Strategic Bond Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Fidelity Investmentssince 26/03/2010
Underlying fund
Fidelity Strategic Bond
Fund objective
The fund aims to provide relatively high income with the possibility of capital growth. It invests primarily in sterling denominated (or hedged back to sterling) bonds. It has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. The fund may make extensive use of derivatives including complex instruments and strategies which are consistent with achieving the fund's objective. This may result in "leverage" by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • BofA Merrill Lynch Sterling Large Cap
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.2%
1 Year rank in sector
147/167
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£14m (£11m 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.
23
Bid price
137.2
Offer price
144.4
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn16.2%
OMW AXA Framlington Mgd Inc16%
Canlife AXA Fram Mgd Inc Pn16%
SIP BG Corporate Bd Pn15.4%
Zurich Artemis High Income Pn14.6%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK40.6%
    USA14.5%
    Latin America7.3%
    Continental Europe6.5%
    Canada5.3%
  • Investment Grade Bonds26.5%
    High Yield Bond24.2%
    Government Bonds14.1%
    Financials10.5%
    Investment Grade Government Bonds8.2%
  • UK Fixed Interest40.6%
    US Fixed Interest14.5%
    European Fixed Interest11.5%
    American Emerging Fixed Interest7.3%
    Canadian Fixed Interest5.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%1.1%-2.6%6.2%11.8%26.9%
Sector0.7%2.5%1.1%9.9%13.1%35.4%
Rank within sector131 / 173155 / 172164 / 171147 / 167105 / 156113 / 143
Quartile4th4th4th4th3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund0.8%4.9%-1.2%8.9%1.4%
Sector1.1%6.7%0.7%5.6%5.9%
Rank within sector128 / 173133 / 167138 / 16218 / 155138 / 151
Quartile3rd4th4th1st4th
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.
-0.87
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.
1.12
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.
0.05
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%.
4.23
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.
2.2
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.
-0.18
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.
0.74
Price movement
52 week high141.6
52 week low129.2
Current bid price137.2
Current offer price144.4
Current mid price-
Region
1UK40.59%
2USA14.45%
3Latin America7.3%
4Continental Europe6.53%
5Canada5.25%
6Europe4.96%
7Australasia4.85%
8France4.59%
9Germany3.81%
Industry sector
1Investment Grade Bonds26.49%
2High Yield Bond24.17%
3Government Bonds14.1%
4Financials10.53%
5Investment Grade Government Bonds8.18%
6Index Linked6.24%
7Asset/Mortgage-Backed Securities5.84%
8Others1.8%
9Money Market1.61%
Asset type
1UK Fixed Interest40.59%
2US Fixed Interest14.45%
3European Fixed Interest11.49%
4American Emerging Fixed Interest7.3%
5Canadian Fixed Interest5.25%
6Asia Pacific Fixed Interest4.85%
7French Fixed Interest4.59%
8Global Fixed Interest4.37%
9German Fixed Interest3.81%
Individual holdings
1TREASURY 5% GILT 07/03/18 GBP4.42%
2ONTARIO(PROVINCE OF) 0.024% BDS 02/06/26 CAD12.78%
3BRAZIL(FEDERATIVE REPUBLIC OF) FR TB 15/05/21 BRL1000 B2.44%
4FIL INVESTMENT MANAGEMENT(LUX)SA INSTITUTIONAL EURO HIGH YIELD I EUR ACC1.82%
5NEW ZEALAND 2.5% BDS 20/09/35 NZD10001.52%
6QUEBEC(PROVINCE OF) 2.5% BDS 20/04/26 USD50001.24%
7ONTARIO(PROVINCE OF) 3.45% BDS 02/06/45 CAD10001.21%
8ARGENTINA(REPUBLIC OF) 18.2% BDS 03/10/21 ARS10001.11%
9NEW ZEALAND(GOVERNMENT OF) 4.5% BDS 15/04/27 NZD10000001.07%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to provide relatively high income with the possibility of capital growth. It invests primarily in sterling denominated (or hedged back to sterling) bonds. It has the freedom to invest outside the fund's principal geographies, market sectors, industries or asset classes. Can invest in bonds issued by governments, companies and other bodies. The fund may make extensive use of derivatives including complex instruments and strategies which are consistent with achieving the fund's objective. This may result in "leverage" by which we mean a level of exposure which could expose the fund to the potential of greater gains or losses than would otherwise be the case. The fund has discretion in its choices of investments within its objectives and policies.
Benchmark
  • BofA Merrill Lynch Sterling Large Cap
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Fidelity Investments26/03/2010
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Fidelity Strategic Bond Pn
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.66%
Bid price137.2
Offer price144.4
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINJ9
Data provided by

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