Fact sheet: RLP Short (5yr) Corporate Bond Pn

Fund information
Fund name
RLP Short (5yr) Corporate Bond Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Jonathan Plattsince 23/09/2004
No data available.
Fund objective
The fund aims to maximise returns over benchmark for investors with a five year time horizon.The fund invests in short dated, high quality fixed interest investments from companies around the world. The time aspect allows investors to build a pension specific to their attitude to risk and their length of time to retirement.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
8.3%
1 Year rank in sector
160/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£481m (£647m 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.
31
Bid price
186
Offer price
195.8
Top in this sector
Fund name1 Year
OMW IPL L&G AAA CrpBdOv15YIx Pn15.6%
BlackRock DC AqOv 15 YCrp BdIx HP15.5%
AEGON Long Core Plus Pn14.3%
AEGON UK Long Corporate Bond Pn14.1%
MetLife Fid Corp Bd 20yr Pn13.6%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • International98.7%
    Money Market1.3%
  • Fixed Interest98.1%
    Cash & Cash Equivalents1.3%
    Others0.6%
  • Global Fixed Interest98.7%
    Money Market1.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%2.4%4.8%8.3%16.8%34.8%
Sector0.6%2.9%4.9%8.8%19.2%37.9%
Rank within sector140 / 263218 / 262157 / 260160 / 259167 / 230162 / 214
Quartile3rd4th3rd3rd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund3%7.5%1%8.3%2.2%
Sector3%9.4%0.2%10.5%1%
Rank within sector147 / 260206 / 25660 / 242193 / 23067 / 221
Quartile3rd4th1st4th2nd
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.
1.21
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.
0.67
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.
0.52
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%.
3.68
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.
1.87
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.
-0.41
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 high186.3
52 week low171.8
Current bid price186
Current offer price195.8
Current mid price-
Region
1International98.7%
2Money Market1.3%
Industry sector
1Fixed Interest98.1%
2Cash & Cash Equivalents1.3%
3Others0.6%
Asset type
1Global Fixed Interest98.7%
2Money Market1.3%
Individual holdings
1CO-OPERATIVE BANK 4.75% GBL CVD BDS 11/11/21 GBP 2011-11.74%
2LAND SECURITIES CAPITAL MARKETS 1.974% MTN 08/02/26 GBP 6 A121.71%
3COMMONWEATH BANK OF AUSTRALIA 3% 20261.18%
4ANNINGTON FINANCE NO 4 0% BDS 7/12/2022 GBP100001.12%
5WELLS FARGO & CO 2% NTS 28/07/25 GBP1000001%
6ABBEY NATIONAL TREASURY 5.75% 02/03/20260.97%
7LLOYDS TSB BANK 5.125% NTS 07/MAR/2025 GBP10000.93%
8STANLINGTON PLC FRN 12/06/20460.87%
9INTU (SGS) FINANCE PLC 4.625% BDS 17/03/28 GBP1000000.86%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to maximise returns over benchmark for investors with a five year time horizon.The fund invests in short dated, high quality fixed interest investments from companies around the world. The time aspect allows investors to build a pension specific to their attitude to risk and their length of time to retirement.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Jonathan Platt23/09/2004Overall 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 Short (5yr) 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 price186
Offer price195.8
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeOZ21
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