Fact sheet: RLPPC UK Long Corporate Bond Pn

Fund information
Fund name
RLPPC UK Long Corporate Bond Pn
Fund manager company
Royal London Pooled Pension
Fund type
Pension Fund
Fund managers
  • Paola Binnssince 30/03/2008
No data available.
Fund objective
To outperform its benchmark by 0.80% per annum gross of fees. The UK Long Corporate Bond Fund (LCF) invests predominantly in long-dated sterling credit bonds, including unrated bonds and sub-investment grade bonds. The fund may also invest in UK government bonds and non-sterling bonds.
Benchmark
  • iBoxx Sterling Non-Gilt Over 15 Years Index
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
17.2%
1 Year rank in sector
10/118
Sector
PN Sterling Long Bonds
Yield
3.3%
Fund size
£551m (£442m 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.
71
Top in this sector
Fund name1 Year
OMW IPL Aviva Lg Dtd Corp Bd Pn45.3%
Stan Life L&G Ov15Yr IL GltIdx Pn32.2%
Pru Sup Lg Idx Lkd Pn23.8%
M&G PP Super Long Index Linked Pn23.6%
L&G PMC Pre-RetimtInf Lkd Pn19.5%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • UK99.4%
    International0.6%
  • Structured Products24.4%
    Utilities21.9%
    Property12.9%
    Financial Services11.6%
    Insurance6.2%
  • Global Corporate Fixed Interest96.9%
    UK Gilts2.5%
    Global Government Fixed Interest0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%6.2%2.7%17.2%38.2%68.7%
Sector1.7%4.9%0.9%15.1%40.5%52.4%
Rank within sector65 / 12119 / 1207 / 12010 / 11872 / 1082 / 100
Quartile3rd1st1st1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund3.7%17.5%0.3%18.8%1.9%
Sector2.5%17.7%0%21.3%-4.3%
Rank within sector8 / 12078 / 11834 / 11069 / 1051 / 101
Quartile1st3rd2nd3rd1st
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.
0.32
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.
0.93
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.
0.73
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%.
11.23
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.
3.84
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.
-0.12
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.
0.88
Price movement
52 week high298.47
52 week low240.81
Current bid price-
Current offer price-
Current mid price283.88
Region
1UK99.4%
2International0.6%
Industry sector
1Structured Products24.4%
2Utilities21.92%
3Property12.94%
4Financial Services11.63%
5Insurance6.17%
6Telecommunications6.04%
7Government Bonds3.07%
8Government Agency Bonds2.98%
9Investment Trusts2.88%
Asset type
1Global Corporate Fixed Interest96.93%
2UK Gilts2.54%
3Global Government Fixed Interest0.53%
Individual holdings
1ELECTRICITE DE FRANCE 6% 23/01/21142.15%
2ENEL FINANCE INT 5.75% BDS 14/09/40 GBP14000000001.89%
3INNOGY FINANCE BV 6.125% 06/07/20391.79%
4GE CAPITAL UK FUNDING UNLTD CO 8% NTS 14/01/39 GBP20001.59%
5PRUDENTIAL PLC 5.7% DATED TIER 2 NTS 19/12/63 GBP1000001.45%
6CITIGROUP INC 7.375% BDS 01/09/39 GBP500001.41%
7FRESH 1997 8.368% 04/10/58 (1-A1)1.4%
8WESTERN POWER DISTRIBUTION EAST MID 5.75% NTS 10/12/40 GBP1000001.37%
9HEATHROW FUNDING LTD 4.625% 31/10/20461.34%
Management
Fund manager group
Royal London
Fund manager company
Royal London Pooled Pension
Fund type
Pension Fund
Fund objective
To outperform its benchmark by 0.80% per annum gross of fees. The UK Long Corporate Bond Fund (LCF) invests predominantly in long-dated sterling credit bonds, including unrated bonds and sub-investment grade bonds. The fund may also invest in UK government bonds and non-sterling bonds.
Benchmark
  • iBoxx Sterling Non-Gilt Over 15 Years Index
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Paola Binns30/03/2008Paola Binns is a Senior Fund Manager within the Fixed Income team. She joined Royal London in 2007 from Credit Suisse Asset Management and has over 20 years' investment experience.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
RLPPC UK Long Corporate Bond Pn
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.33%
Bid price-
Offer price-
Mid price283.879
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeRJ17
RLPPC UK Long Corporate Bond Pn Inc
Initial charge-
Annual charge0.3%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price208.589
CurrencyGBX
Price updated24/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM2U1
Data provided by

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