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
No data available.
Investment method
No data available.
Quick stats
1 Year return
3.1%
1 Year rank in sector
19/20
Sector
PN Global High Yield
Yield
-
Fund size
£83m (£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.
9
Bid price
109
Offer price
114.7
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn36%
FL T. Rowe Pr Gbl Hi Yld Bd Pn32.1%
LV= Investec Emg Mkts Debt Pn29.3%
OMW Old Mutual Emg Mkt Dt26.9%
Canlife Tndle Emg Mkt Bond Pn26.9%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA38%
    UK14.5%
    Others8.9%
    Luxembourg8.5%
    France7.8%
  • B50.3%
    BB38.4%
    CCC6.9%
    Money Market2%
    A1.4%
  • US Fixed Interest38%
    UK Fixed Interest14.5%
    Global Fixed Interest8.9%
    Luxembourg Fixed Interest8.5%
    French Fixed Interest7.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%0.3%1.3%3.1%10%-
Sector-5.8%-0.3%11.2%17.9%13.4%27.8%
Rank within sector1 / 217 / 2120 / 2119 / 208 / 16-
Quartile1st2nd4th4th2nd
Calendar performance
 YTD - 20162015201420132012
Fund3.2%3.8%2.1%--
Sector19.1%-5.8%1.8%-3.4%13.7%
Rank within sector20 / 201 / 186 / 16--
Quartile4th1st2nd
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.
3
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.
7.53
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.
-0.25
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.
0.13
Price movement
52 week high109
52 week low105
Current bid price109
Current offer price114.7
Current mid price-
Region
1USA38%
2UK14.5%
3Others8.9%
4Luxembourg8.5%
5France7.8%
6Netherlands7.5%
7Germany6.1%
8Poland2.3%
9Switzerland2.3%
Industry sector
1B50.3%
2BB38.4%
3CCC6.9%
4Money Market2%
5A1.4%
6BBB0.5%
7Non-Rated0.5%
Asset type
1US Fixed Interest38%
2UK Fixed Interest14.5%
3Global Fixed Interest8.9%
4Luxembourg Fixed Interest8.5%
5French Fixed Interest7.8%
6Dutch Fixed Interest7.5%
7German Fixed Interest6.1%
8Polish Fixed Interest2.3%
9Swiss Fixed Interest2.3%
Individual holdings
1BEVERAGE PACKAGING HLDGS(LUX)II SA 5.625% BDS 15/12/16 USD1000 REGS2.33%
2SMCP SAS 8.875% BDS 15/06/20 EUR100000REG S2.32%
3T-MOBILE US INC 5.25% SRN 01/09/18 USD1000 144A2.32%
4CABLEVISION SYSTEMS CORP 8.625% BDS 15/09/17 USD1000`144A`1.99%
5UPC HOLDING BV 6.75% BDS 15/03/23 CHF1000REG S1.98%
6BULGARIAN TELECOMMUNICATION CO 6.625% BDS 15/11/18 EUR1000 144A1.97%
7RITE AID CORP 9.25% BDS 15/03/20 144A1.94%
8UNITYMEDIA HESSEN / NRW 5.5% BDS 15/01/23 USD1000 REG S1.87%
9DISH DBS CORP 4.625% BDS 15/07/17 USD10001.86%
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
No data available.
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
Offer price114.7
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeIB0E
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.