Fact sheet: Royal London InvescoPerpHYPn

Fund information
Fund name
Royal London Invesco Perpetual High Yield Pn
Fund manager company
RLAM Ltd
Fund type
Pension Fund
Fund managers
  • Thomas Mooresince 31/12/2016
  • Paul Causersince 01/06/2001
Underlying fund
Invesco Perp High Yield
Fund objective
The aim of the Fund is to achieve a high level of income together with capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in high yielding corporate and government debt securities (which may include unrated or sub-investment grade), and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates, credit and equities and can be used to achieve both long and short positions.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
8.2%
1 Year rank in sector
50/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£0m (£0m 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.
33
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn16.3%
Zurich Royal Lon Stg ExYldBd Pn15.9%
L&G High Income Pn15.4%
FL AXA Gbl High Inc EP14.9%
FL AXA Global High Income AP14.1%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK34.7%
    USA17.9%
    Italy11.9%
    Germany8.1%
    France5.2%
  • Banks25.9%
    Foods9.5%
    Government Bonds6.9%
    Retail6.7%
    Insurance5.7%
  • Global Corporate Fixed Interest79.6%
    Global Fixed Interest10.5%
    Global Government Fixed Interest6.9%
    International Equities2.4%
    Money Market0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%0.6%2.7%8.2%6.2%37%
Sector-0.5%1.9%3.1%10.8%15%38.4%
Rank within sector43 / 5858 / 5847 / 5750 / 5648 / 4924 / 47
Quartile3rd4th4th4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.3%7.2%-2%2%8.8%
Sector1.6%11.2%-0.1%4.4%6.8%
Rank within sector58 / 5855 / 5642 / 5437 / 4912 / 49
Quartile4th4th4th4th1st
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.
-2.46
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
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%.
4.69
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.
2.35
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.
-1.2
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.
0.75
Price movement
52 week high186.76
52 week low169.91
Current bid price-
Current offer price-
Current mid price183.86
Region
1UK34.7%
2USA17.92%
3Italy11.87%
4Germany8.12%
5France5.22%
6Greece3.61%
7Netherlands3.61%
8Others3%
9Spain2.84%
Industry sector
1Banks25.93%
2Foods9.47%
3Government Bonds6.86%
4Retail6.69%
5Insurance5.71%
6Telecommunications5.17%
7Media5.11%
8Utilities4.27%
9Services2.58%
Asset type
1Global Corporate Fixed Interest79.61%
2Global Fixed Interest10.48%
3Global Government Fixed Interest6.87%
4International Equities2.38%
5Money Market0.75%
6Alternative Investment Strategies-0.09%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.75% BDS 31/10/18 USD1006.01%
2DRESDNER FUND AND TRUST NO 1 8.151% BDS 30/6/2031 USD10002.88%
3TELECOM ITALIA SPA(NEW) 7.375% MTN 15/12/17 GBP500002.16%
4LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000002.03%
5UNICREDIT INLT BANK 8.5925% BDS 27/06/49 GBP10001.88%
6VIRGIN MONEY PLC 7.875% UNDATED BDS GBP2000001.77%
7DEUTSCHE BANK AG 7.125% BDS 30/04/49 GBP1000001.63%
8HBOS CAPITAL FUNDING 6.461% BDS 12/12/2049 GBP10001.6%
9VIRGIN MEDIA SECURED FINANCE PLC 5% NTS 15/04/27 GBP1000001.52%
Management
Fund manager group
No data available.
Fund manager company
RLAM Ltd
Fund type
Pension Fund
Fund objective
The aim of the Fund is to achieve a high level of income together with capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in high yielding corporate and government debt securities (which may include unrated or sub-investment grade), and equities. The Fund may also invest in cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates, credit and equities and can be used to achieve both long and short positions.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
No data available.
Fund managers
NameSinceBiography
Thomas Moore31/12/2016Thomas is an Investment Director within the UK equities team. He began his career in 1998, joining Schroder Investment Management as Assistant Fund Manager, UK Equities. He joined Standard Life Investments in 2002 as an Investment Analyst. He then managed EMEA portfolios before moving to the UK equities team in 2006. His responsibilities include managing the UK Equity Income Unconstrained Fund, an institutional fund, the Standard Life UK Equity Income Trust and analysing the banks and financial services sectors. Thomas began managing the Standard Life Equity Income Trust in November 2011.
Paul Causer01/06/2001Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Royal London Invesco Perpetual High Yield Pn
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.7%
Total expense ratio (TER)2.7%
Bid price-
Offer price-
Mid price183.862
CurrencyGBX
Price updated28/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeA1Q8
Data provided by

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