Fact sheet: Royal Bank of Scot High Yield

Fund information
Fund name
Royal Bank of Scot High Yield
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 level of income. The Fund will invest in a portfolio of fixed interest securities, principally in securities issued by corporates and supranational, preference shares and convertibles. The Fund will not be restricted to any particular geographic regions.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
5.1%
1 Year rank in sector
35/77
Sector
UT Sterling Strategic Bond
Yield
3.5%
Fund size
£93m (£94m 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.
32
Mid price
125.2
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK51.8%
    Europe26.2%
    North America14.4%
    Money Market5.4%
    Central & S America1.5%
  • BBB43.2%
    BB19.2%
    A16.1%
    B5.9%
    AA5.5%
  • UK Corporate Fixed Interest49.1%
    Global Fixed Interest42.6%
    Cash & Cash Equivalents5.4%
    UK Gilts2.7%
    International Equities0.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-5.1%2.6%5.1%15.5%45.9%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector52 / 8362 / 8238 / 8235 / 7719 / 719 / 60
Quartile3rd4th2nd2nd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund5.9%0.2%9.5%4.3%17.5%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector37 / 7731 / 7421 / 7225 / 6416 / 61
Quartile2nd2nd2nd2nd2nd
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.
-1.2
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.
1.53
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.
0.32
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%.
5.4
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.
2.61
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.
0.36
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.
0.87
Price movement
52 week high134.1
52 week low118.7
Current bid price-
Current offer price-
Current mid price125.2
Region
1UK51.8%
2Europe26.2%
3North America14.4%
4Money Market5.4%
5Central & S America1.5%
6Others0.7%
Industry sector
1BBB43.2%
2BB19.2%
3A16.1%
4B5.9%
5AA5.5%
6Money Market5.4%
7Non-Rated2.8%
8AAA1.7%
9Others0.2%
Asset type
1UK Corporate Fixed Interest49.1%
2Global Fixed Interest42.6%
3Cash & Cash Equivalents5.4%
4UK Gilts2.7%
5International Equities0.2%
Individual holdings
1EDF 6.125% NTS 02/06/34 GBP500002%
2FRESHWATER FINANCE 4.607% NTS 17/10/36 GBP500001.9%
3IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.8%
4WESTERN POWER DISTRIBUTION WEST MID 5.75% SNR UNSEC NTS 16/04/32 GBP1000001.8%
5EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10001.7%
6AMERICA MOVIL SAB DE CV 4.375% 07/08/20411.5%
7BAA FUNDING LTD 7.125% 241.5%
8MEADOWHALL FINANCE 4.988% M/BKD 12/01/2032 SINKING1.5%
9RABOBANK NEDERLAND 4.625% 23/05/20291.5%
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 level of income. The Fund will invest in a portfolio of fixed interest securities, principally in securities issued by corporates and supranational, preference shares and convertibles. The Fund will not be restricted to any particular geographic regions.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
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 High Yield
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)1.05%
Bid price-
Offer price-
Mid price125.2
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeBK07
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.