Fact sheet: SJP Corporate Bond Pn

Fund information
Fund name
SJP Corporate Bond Pn Acc
Fund manager company
St. Jamess Place UK Ltd
Fund type
Pension Fund
Fund managers
  • Paul Causersince 06/04/2008
  • Paul Readsince 06/04/2008
Underlying fund
SJP Corporate Bond
Fund objective
The Trust aims to achieve an attractive level of income as well as capital appreciation over the medium to long term. To achieve this it will invest into a diversified portfolio which may include but is not limited to investment grade debt, high yield bonds and money market instruments both in the UK and Overseas. The Trust will look to reduce the effect of foreign exchange rates by hedging its non UK exposure back to sterling.
Benchmark
  • Merrill Lynch British Pound LIBOR 3 month Constant Maturity + 3%
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.7%
1 Year rank in sector
31/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£371m (£323m 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.
29
Bid price
220
Offer price
231.6
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
Canlife AXA Fram Mgd Inc Pn9.4%
OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK44.7%
    France14%
    Netherlands8.5%
    USA6.6%
    Italy5%
  • Fixed Interest97.9%
    Others2%
    Consumer Discretionary0.1%
  • UK Fixed Interest46.4%
    French Fixed Interest14%
    Dutch Fixed Interest8.5%
    US Fixed Interest6.5%
    Italian Fixed Interest5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%0.5%5.8%6.7%15.2%57.9%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector99 / 17213 / 1725 / 17231 / 16855 / 15512 / 143
Quartile3rd1st1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.4%2.1%4.5%9.6%25.6%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector30 / 16846 / 163108 / 15529 / 1512 / 143
Quartile1st2nd3rd1st1st
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.
-0.23
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.
1.27
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.
0.28
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%.
4.7
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.
2.5
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.
0.31
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 high222.4
52 week low195.3
Current bid price220
Current offer price231.6
Current mid price-
Region
1UK44.68%
2France13.96%
3Netherlands8.49%
4USA6.61%
5Italy4.96%
6Luxembourg4.14%
7Jersey3.64%
8Germany3.55%
9Australia3.02%
Industry sector
1Fixed Interest97.92%
2Others1.99%
3Consumer Discretionary0.09%
Asset type
1UK Fixed Interest46.35%
2French Fixed Interest13.96%
3Dutch Fixed Interest8.49%
4US Fixed Interest6.52%
5Italian Fixed Interest4.96%
6Luxembourg Fixed Interest4.14%
7German Fixed Interest3.55%
8Australian Fixed Interest3.02%
9Canadian Fixed Interest2.58%
Individual holdings
1ENTERPRISE INNS 6.5% SNR UNSUB NTS 6/12/18 GBP REG `S`2.15%
2IRON MOUNTAIN EUROPE PLC FRN 16/09/22 GBP100000 REG S2.01%
3CNP ASSURANCES 7.375 09/30/20411.54%
4TREASURY 1% GILT 07/09/17 GBP0.011.45%
5RAC BOND CO 4.87% BDS 06/05/46 GBP1000001.42%
6EDF 6% UNDATED NTS GBP1000001.37%
7PIZZAEXPRESS FINANCING 2 PLC 6.625% BDS 01/08/21 GBP100000REG S1.36%
8SOCIETE GENERALE 8.875% NTS PERP GBP500001.35%
9STANDARD CHARTERED 5.125% DTD SUBORD NTS 06/06/34 GBP1000001.28%
Management
Fund manager group
St James Place
Fund manager company
St. Jamess Place UK Ltd
Fund type
Pension Fund
Fund objective
The Trust aims to achieve an attractive level of income as well as capital appreciation over the medium to long term. To achieve this it will invest into a diversified portfolio which may include but is not limited to investment grade debt, high yield bonds and money market instruments both in the UK and Overseas. The Trust will look to reduce the effect of foreign exchange rates by hedging its non UK exposure back to sterling.
Benchmark
  • Merrill Lynch British Pound LIBOR 3 month Constant Maturity + 3%
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Paul Causer06/04/2008Based 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.
Paul Read06/04/2008Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SJP Corporate Bond Pn Acc
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.75%
Bid price220
Offer price231.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeRO53
SJP Corporate Bond Pn Acc INET
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.75%
Bid price205.5
Offer price216.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGXV3
SJP Corporate Bond Pn Cap
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.75%
Bid price141
Offer price148.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeRO54
SJP Corporate Bond Pn Distribution
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price219
Offer price230.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNBRV
Data provided by

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