Fact sheet: SJP Internatl Corp Bd Pn

Fund information
Fund name
SJP International Corporate Bond Pn Acc
Fund manager company
St. Jamess Place UK Ltd
Fund type
Pension Fund
Fund managers
  • David Rosenbergsince 09/10/2016
  • Sheldon Stonesince 09/10/2016
  • Mr. Sandro Näfsince 09/10/2016
Underlying fund
SJP International Corp Bd
Fund objective
The fund aims to provide a combination of income and capital growth. To achieve this, the fund principally invests in a portfolio of corporate debt securities, focusing on senior secured North American high yield instruments with some investment in senior secured European high yield instruments. The fund may also invest in any other geographic area.
Benchmark
  • IA Global Bonds
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.8%
1 Year rank in sector
18/20
Sector
PN Global High Yield
Yield
-
Fund size
£532m (£477m 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.
35
Bid price
162.6
Offer price
171.2
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn36.9%
FL T. Rowe Pr Gbl Hi Yld Bd Pn32.4%
Canlife Tndle Emg Mkt Bond Pn28.4%
OMW Old Mutual Emg Mkt Dt27.7%
OMW Old Mut Monthly Inc HY Bnd26.5%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA37.2%
    UK20.3%
    Luxembourg12.6%
    France5.4%
    Jersey4.7%
  • Fixed Interest98.4%
    Others1.6%
  • US Fixed Interest37.9%
    UK Fixed Interest21.7%
    Luxembourg Fixed Interest12.6%
    French Fixed Interest5.4%
    German Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-1.5%1.6%5.8%14.2%46.9%
Sector-3.8%-0.1%9.9%19%14.6%26.3%
Rank within sector6 / 2114 / 2119 / 2118 / 206 / 163 / 11
Quartile2nd3rd4th4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7%3.3%2.7%9.1%17.8%
Sector19.7%-5.8%1.8%-3.4%13.7%
Rank within sector18 / 202 / 185 / 162 / 142 / 11
Quartile4th1st2nd1st1st
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.
3.67
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.
0.19
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.
0.2
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%.
4.99
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.
8.19
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.
0.02
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.
0.11
Price movement
52 week high165.1
52 week low146.7
Current bid price162.6
Current offer price171.2
Current mid price-
Region
1USA37.25%
2UK20.35%
3Luxembourg12.6%
4France5.44%
5Jersey4.75%
6Germany3.98%
7Canada3.42%
8Cayman Islands2.33%
9Netherlands2.23%
Industry sector
1Fixed Interest98.41%
2Others1.59%
Asset type
1US Fixed Interest37.94%
2UK Fixed Interest21.66%
3Luxembourg Fixed Interest12.6%
4French Fixed Interest5.44%
5German Fixed Interest3.98%
6Dutch Fixed Interest3.63%
7Canadian Fixed Interest3.42%
8American Emerging Fixed Interest2.33%
9Swedish Fixed Interest1.59%
Individual holdings
1GARFUNKELUX HOLDCO 3 SA 8.5% BDS 01/11/22 GBP1000002.14%
21011778 BC UNLTD LIABILITY/NEW RED 6% BDS 01/04/22 USD20001.63%
3VUE INTERNATIONAL BIDCO PLC 7.875% BDS 15/07/20 GBP10001.6%
4TRAVELEX FINANCING PLC 8% BDS 01/08/18 GBP10001.56%
5UNITYMEDIA HESSEN / NRW 6.25% BDS 15/01/29 EUR10001.54%
6LOCK AS 7% BDS 15/08/21 EUR100000 REG S1.51%
7REYNOLDS GROUP ISSUER INC/LLC/SA FXD SNR BDS 15/07/23 USD2000 144A1.45%
8TVL FINANCE PLC 8.5% NTS 15/05/23 GBP1000 REG S1.45%
9CITGO HOLDING INC 10.75% BDS 15/02/20 USD2000 144A1.43%
Management
Fund manager group
St James Place
Fund manager company
St. Jamess Place UK Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide a combination of income and capital growth. To achieve this, the fund principally invests in a portfolio of corporate debt securities, focusing on senior secured North American high yield instruments with some investment in senior secured European high yield instruments. The fund may also invest in any other geographic area.
Benchmark
  • IA Global Bonds
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
David Rosenberg09/10/2016
Sheldon Stone09/10/2016Mr. Stone is the head of Oaktree’s high yield bond area. In this capacity, he serves as co-portfolio manager of Oaktree’s U.S. High Yield Bond and Global High Yield Bond strategies and has supervisory responsibility for European High Yield Bonds. Mr. Stone, a co-founding member of Oaktree in 1995, established TCW’s High Yield Bond department with Howard Marks in 1985 and ran the department for ten years. Prior to joining TCW, Mr. Stone worked with Mr. Marks at Citibank for two years where he performed credit analysis and managed high yield bond portfolios. From 1978 to 1983, Mr. Stone worked at The Prudential Insurance Company where he was a director of corporate finance, managing a fixed income portfolio exceeding $1 billion. Mr. Stone holds a B.A. degree from Bowdoin College and an M.B.A. in accounting and finance from Columbia University. Mr. Stone serves as a Trustee of Colonial Williamsburg Foundation and Bowdoin College.
Mr. Sandro Näf09/10/2016
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
SJP International 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)1.85%
Bid price162.6
Offer price171.2
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIPL4
SJP International 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)1.85%
Bid price157.3
Offer price165.6
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code04A9
SJP International 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)1.85%
Bid price130.9
Offer price137.8
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIPL5
SJP International 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 price161.8
Offer price170.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNBSK
Data provided by

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