Fact sheet: RLP Sht Drtin Gbl Hi Yld Pn

Fund information
Fund name
RLP Short Duration Global High Yield Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Royal London Asset Managementsince 15/02/2013
No data available.
Fund objective
The fund aims to outperform its benchmark, the LIBOR GBP 3 Months Index by 2% per annum over rolling three year periods.
Benchmark
  • LIBOR 3 month GBP
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
4%
1 Year rank in sector
20/20
Sector
PN Global High Yield
Yield
-
Fund size
£87m (£143m 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.
8
Bid price
109.6
Offer price
115.4
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn45%
LV= Investec Emg Mkts Debt Pn37.2%
Canlife Tndle Emg Mkt Bond Pn36.9%
OMW Old Mutual Emg Mkt Dt35.1%
AXA Wealth Invtc EM Blded Dbt Pn32.4%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA42.6%
    UK16.8%
    Others7.4%
    Netherlands7.1%
    Luxembourg6.2%
  • BB49.4%
    B44.2%
    CCC3.2%
    Money Market1.9%
    BBB1.3%
  • US Fixed Interest42.6%
    UK Fixed Interest16.8%
    Global Fixed Interest7.4%
    Dutch Fixed Interest7.1%
    Luxembourg Fixed Interest6.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.7%1.5%4%9.7%-
Sector3.6%-1.4%5.7%24.5%19%29%
Rank within sector20 / 218 / 2120 / 2120 / 2014 / 16-
Quartile4th2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.1%3.7%3.8%2.1%-
Sector1.6%22.8%-5.8%1.8%-3.4%
Rank within sector20 / 2120 / 201 / 186 / 16-
Quartile4th4th1st2nd
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.
2.84
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.
0.06
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%.
1.35
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.
8.17
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.
-0.28
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.
0.17
Price movement
52 week high109.6
52 week low105
Current bid price109.6
Current offer price115.4
Current mid price-
Region
1USA42.6%
2UK16.8%
3Others7.4%
4Netherlands7.1%
5Luxembourg6.2%
6Germany6%
7France5.5%
8Ireland3%
9Money Market1.9%
Industry sector
1BB49.4%
2B44.2%
3CCC3.2%
4Money Market1.9%
5BBB1.3%
Asset type
1US Fixed Interest42.6%
2UK Fixed Interest16.8%
3Global Fixed Interest7.4%
4Dutch Fixed Interest7.1%
5Luxembourg Fixed Interest6.2%
6German Fixed Interest6%
7French Fixed Interest5.5%
8Irish Fixed Interest3%
9Money Market1.9%
Individual holdings
1T-MOBILE US INC 5.25% SRN 01/09/18 USD1000 144A1.9%
2CABLEVISION SYSTEMS CORP 8.625% BDS 15/09/17 USD1000`144A`1.63%
3RITE AID CORP 9.25% BDS 15/03/20 144A1.6%
4IRON MOUNTAIN EUR reg s 6.125%/14-1509221.59%
5ARDAGH PACKAGING FIN PLC/HOLDINGS USA FRN 15/12/191.57%
6ALTICE FINANCING SA 9% BDS 15/06/23 EUR1000001.56%
7SIRIUS XM HLDGS INC 4.25% BDS 15/05/20 USD20001.55%
8CERBA EUROPEAN LAB 7% BDS 01/02/20 EUR1000 144A1.54%
9VIRGIN MEDIA SECURED FINANCE PLC 6% BDS 15/04/21 GBP1000 REG S1.54%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to outperform its benchmark, the LIBOR GBP 3 Months Index by 2% per annum over rolling three year periods.
Benchmark
  • LIBOR 3 month GBP
Investment style
High Yield
Investment method
No data available.
Fund manager
NameSinceBiography
Royal London Asset Management15/02/2013
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Short Duration Global High Yield 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 price109.6
Offer price115.4
Mid price-
CurrencyGBX
Price updated16/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeIB0E
Data provided by

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