Fact sheet: Royal Bank of Scot Extra Income

Fund information
Fund name
Royal Bank of Scot Extra Income
Fund manager company
Royal Bk of Scotland Coll Inv
Fund type
OEIC
Fund managers
  • James Vokinssince 01/11/2013
Fund objective
To provide a high & stable level of income. The fund will invest in UK & European fixed income securities.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.5%
1 Year rank in sector
79/91
Sector
UT Sterling Corporate Bond
Yield
2.8%
Fund size
£86m (£87m 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.
36
Mid price
107.5
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond10.4%
F&C Instl Lg Dtd Corp Bd9.2%
Newton Long Corporate Bond9.2%
Henderson Inst Long Dat Cr9.1%
Blackrock InstBdOver10YrCorp8.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK57.6%
    Europe24.6%
    North America10.2%
    Money Market3.3%
    Others1.6%
  • UK Corporate Bonds45.7%
    Fixed Interest39.1%
    UK Gilts11.8%
    Cash & Cash Equivalents3.4%
  • UK Corporate Fixed Interest45.7%
    Global Fixed Interest39.1%
    UK Gilts11.8%
    Cash & Cash Equivalents3.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-5.9%1.6%3.5%14.7%34.3%
Sector-1.6%-4.9%2.7%5.4%16.6%35%
Rank within sector66 / 9771 / 9482 / 9479 / 9163 / 8653 / 71
Quartile3rd4th4th4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.1%-0.6%10.5%0.1%13.3%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector75 / 9261 / 9043 / 8752 / 7836 / 71
Quartile4th3rd2nd3rd3rd
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.
-1.03
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.
1.11
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.
0.21
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%.
5.92
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.
0.93
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.
0.99
Price movement
52 week high116.3
52 week low103.1
Current bid price-
Current offer price-
Current mid price107.5
Region
1UK57.6%
2Europe24.6%
3North America10.2%
4Money Market3.3%
5Others1.6%
6Central & S America1.4%
7Australasia1.3%
Industry sector
1UK Corporate Bonds45.7%
2Fixed Interest39.1%
3UK Gilts11.8%
4Cash & Cash Equivalents3.4%
Asset type
1UK Corporate Fixed Interest45.7%
2Global Fixed Interest39.1%
3UK Gilts11.8%
4Cash & Cash Equivalents3.4%
Individual holdings
1TREASURY 4.75% GILT 20204.1%
2TREASURY 5% GILT 20253.9%
3EUROPEAN INVESTMENT BANK 5.375% GTD BDS 7/6/2021 GBP(VAR)2.3%
4IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500002.2%
5EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10002.1%
6EDF 6.125% NTS 02/06/34 GBP500002%
7EUROPEAN INVESTMENT BANK 1.5% BDS 01/02/19 EUR10002%
8FRESHWATER FINANCE 4.607% NTS 17/10/36 GBP500001.9%
9BAA FUNDING LTD 7.125% 241.8%
Management
Fund manager group
Royal Bank of Scotland
Fund manager company
Royal Bk of Scotland Coll Inv
Fund type
OEIC
Fund objective
To provide a high & stable level of income. The fund will invest in UK & European fixed income securities.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Vokins01/11/2013James Vokins joined Aviva Investors in September 2005. He initially joined Aviva Investors as a graduate within the finance department, spending the first nine months of his employment within compliance and business risk. In October 2006 he moved to the c
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Royal Bank of Scot Extra Income
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.04%
Bid price-
Offer price-
Mid price107.5
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeRK07
Data provided by

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