Fact sheet: SL SLI Eurpn Corp Bd Pn

Fund information
Fund name
SL SLI European Corporate Bond Pn S4
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund manager
  • Craig MacDonaldsince 24/09/2003
Underlying fund
StanLife Inv € Corp Bd
Fund objective
The fund aims to provide long term growth from capital gains and the reinvestment of income generated by investing predominantly in European investment grade bonds. The fund is actively managed by our investment teams who may invest in a wide range of bonds (e.g. corporate bonds including high yield bonds, government backed securities, overseas bonds, index-linked bonds, floating rate notes (FRNs) and asset backed securities (ABSs) and/or money market instruments) in order to take advantage of opportunities they have identified. Non euro denominated assets held in the fund will generally be hedged back to euros.
Benchmark
  • iBoxx Euro Corporate All Stocks
Investment style
None
Investment method
None
Quick stats
1 Year return
3.7%
1 Year rank in sector
114/132
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m
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.
17
Top in this sector
Fund name1 Year
FL GM Overseas Bond Pension30.7%
OMW M&G Glbl Government Bond28.9%
Baillie Gifford Emerg Mrkts Bd Pn26.7%
Pru Intnl Bd Pn25.9%
M&G PP International Bond Pn25.7%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • Europe100%
  • Corporate Bonds48.4%
    Financials47.1%
    Government Bonds2.8%
    Others1.1%
    Asset/Mortgage-Backed Securities0.6%
  • European Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-2.6%0.2%3.7%10.8%-
Sector-3.3%-2.2%5.6%12.8%18.2%19.5%
Rank within sector30 / 14476 / 142129 / 141114 / 13292 / 110-
Quartile1st3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.9%-0.7%7.2%2.4%-
Sector12.7%-0.3%6.1%-3.6%3%
Rank within sector117 / 13295 / 12427 / 11011 / 105-
Quartile4th4th1st1st
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.
2.16
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.
0.23
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.
-
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%.
3.01
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.
5.23
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.
-0.41
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.
0.2
Price movement
52 week high123.5
52 week low114.6
Current bid price-
Current offer price-
Current mid price120.2
Region
1Europe100%
Industry sector
1Corporate Bonds48.4%
2Financials47.1%
3Government Bonds2.8%
4Others1.1%
5Asset/Mortgage-Backed Securities0.6%
Asset type
1European Fixed Interest100%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 15/02/26 EUR0.011.6%
2JPMORGAN CHASE & CO 0.625% NTS 21/01/24 EUR1000000.9%
3GERMANY(FEDERAL REPUBLIC OF) 4.75% BDS 4/7/2028 EUR0.010.7%
4RABOBANK 2.5% 20260.7%
5ANHEUSER-BUSCH INBEV SA/NV 0.875% NTS 17/03/22 EUR10000.6%
6ANHEUSER-BUSCH INBEV SA/NV 2% NTS 17/03/28 EUR10000.6%
7GENERAL ELECTRICAL 0.8% 20220.6%
8JPMORGAN CHASE & CO 2.625% MTN 23/04/21 EUR1000000.6%
9UBS 4.75% 02/12/20260.6%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund aims to provide long term growth from capital gains and the reinvestment of income generated by investing predominantly in European investment grade bonds. The fund is actively managed by our investment teams who may invest in a wide range of bonds (e.g. corporate bonds including high yield bonds, government backed securities, overseas bonds, index-linked bonds, floating rate notes (FRNs) and asset backed securities (ABSs) and/or money market instruments) in order to take advantage of opportunities they have identified. Non euro denominated assets held in the fund will generally be hedged back to euros.
Benchmark
  • iBoxx Euro Corporate All Stocks
Investment style
None
Investment method
None
Fund manager
NameSinceBiography
Craig MacDonald24/09/2003Craig joined Standard Life Investments as an Investment Director in 2002. Craig has been as key figure in broadening our corporate credit processes and resources to manage euro and global corporate credit in addition to our strong sterling bond heritage. He now manages the European investment grade team as well as being responsible for a range of third party corporate bond funds.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SL SLI European Corporate Bond Pn S4
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price120.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1PZ
SL SLI European Corporate Bond Pn S9
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.45%
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA4Q4
Data provided by

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