Fact sheet: RLP Sterling Extra Yield BdPn

Fund information
Fund name
RLP Sterling Extra Yield Bond Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • Eric Holtsince 26/03/2010
Underlying fund
Royal London Stg ExYdBd
Fund objective
The Fund’s objective is to achieve a high level of income. The Fund seeks to achieve a gross redemption yield (GRY) of 1.25 times the gross redemption yield of the FTSE Actuaries British Government 15 Year index.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7%
1 Year rank in sector
24/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£165m (£110m 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.
21
Bid price
183.5
Offer price
193.2
Top in this sector
Fund name1 Year
L&G High Income Pn10.9%
Aviva Invtec M High Inc Pn10.2%
SIP JPM Gbl Hi Yd Bd Pn10%
LV= Investec Monthly Hi Inc Pn9.9%
Aviva JPM Gbl HighYldBd Pn9.7%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK76.6%
    USA13.3%
    Europe5.6%
    Norway3.5%
    Sweden0.7%
  • Financial Services27.4%
    Structured Products20.4%
    General Industrials18.8%
    Insurance11.9%
    Utilities8.4%
  • UK Fixed Interest76.8%
    Alternative Investment Strategies20.4%
    Property2.4%
    UK Equities0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-0.8%5.8%7%19.4%62.7%
Sector-0.5%-0.7%4.5%7.3%14.6%48.1%
Rank within sector57 / 5753 / 575 / 5724 / 566 / 496 / 46
Quartile4th4th1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund7.9%2.1%7.8%11.6%22%
Sector9.3%-0.1%4.4%6.8%19.3%
Rank within sector37 / 5612 / 541 / 492 / 497 / 46
Quartile3rd1st1st1st1st
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.
2.52
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.
0.77
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.
0.64
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%.
4.16
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.
2.69
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.
0.53
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.
0.63
Price movement
52 week high186.7
52 week low164.6
Current bid price183.5
Current offer price193.2
Current mid price-
Region
1UK76.6%
2USA13.3%
3Europe5.6%
4Norway3.5%
5Sweden0.7%
6Canada0.3%
Industry sector
1Financial Services27.4%
2Structured Products20.4%
3General Industrials18.8%
4Insurance11.9%
5Utilities8.4%
6Consumer Services6.3%
7Real Estate2.4%
8Telecommunications2.4%
9Consumer Goods1.6%
Asset type
1UK Fixed Interest76.8%
2Alternative Investment Strategies20.4%
3Property2.4%
4UK Equities0.4%
Individual holdings
1ENTERPRISE INNS 6.375% SEC BDS 26/9/2031 GBP10002.3%
2INVESTEC BANK 9.625% 20221.9%
3PREMIERTEL CLS`B`6.175% BDS 8/5/32 GBP10001.8%
4AMEDEO AIR FOUR PLUS 8.25%1.6%
5ANNINGTON FINANCE NO 5 13% BDS 15/01/23 GBP1000001.6%
6SANTANDER 10.0625% PERPETUAL 1.6%
7ELECTRICITE DE FRANCE 6% 2026 PERP1.5%
8FINANCE FOR RESIDENT SOCIAL HOUSING SER`1`CL`A2`AS BKD8.569%NTS 2058 144A1.5%
9BARCLAYS BANK PLC 14% 2019 PERP1.4%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The Fund’s objective is to achieve a high level of income. The Fund seeks to achieve a gross redemption yield (GRY) of 1.25 times the gross redemption yield of the FTSE Actuaries British Government 15 Year index.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Eric Holt26/03/2010Eric Holt has extensive knowledge of UK investment grade and high yield corporate bonds, gained over a career spanning more than 30 years. He has overall responsibility for RLAM’s credit research process, as well as managing the Sterling Extra Yield Bond Fund and the Ethical Bond Fund. He joined RLAM in 1999 following Royal London’s acquisition of Refuge Assurance’s investment team, where he had worked for the previous 20 years. Eric is a graduate of Nottingham University with a degree in mathematics and is an associate of the Institute of Actuaries.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
RLP Sterling Extra Yield 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 price183.5
Offer price193.2
Mid price-
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINM8
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.