Fact sheet: Santander Corporate Bd

Fund information
Fund name
Santander Corporate Bond IA
Fund manager company
Santander Asset Mgmt UK Ltd
Fund type
OEIC
Fund manager
  • Azim Meghjisince 09/11/2012
Fund objective
The Fund aims to maximise returns by investing in a diversified portfolio of primarily fixed income securities.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.6%
1 Year rank in sector
39/92
Sector
UT Sterling Corporate Bond
Yield
3.1%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.47%
Fund size
£448m (£430m 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.
38
Mid price
155
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK60.8%
    USA14%
    Money Market10.1%
    Netherlands5.6%
    France5.4%
  • Fixed Interest97.4%
    Money Market10.1%
    Others-7.5%
  • Global Corporate Fixed Interest89%
    Global High Yield Fixed Interest6%
    Money Market6%
    UK Gilts-1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-5%2.5%6.6%20.5%-
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector61 / 9754 / 9450 / 9439 / 9221 / 87-
Quartile3rd3rd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.7%0.5%11.6%-0.2%-
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector43 / 9220 / 9025 / 8759 / 78-
Quartile2nd1st2nd4th
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.
-0.05
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.
1.18
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.
0.42
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%.
6.36
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.
1.4
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.
0.61
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.
0.97
Price movement
52 week high164.3
52 week low142.8
Current bid price-
Current offer price-
Current mid price155
Region
1UK60.81%
2USA13.99%
3Money Market10.09%
4Netherlands5.55%
5France5.38%
6Germany2.49%
7Ireland2.48%
8Luxembourg2.26%
9Not Specified1.94%
Industry sector
1Fixed Interest97.44%
2Money Market10.09%
3Others-7.53%
Asset type
1Global Corporate Fixed Interest89%
2Global High Yield Fixed Interest6%
3Money Market6%
4UK Gilts-1%
Individual holdings
1LLOYDS BANK PLC 4.875% CVD BDS 30/03/27 GBP 2012-162.1%
2TREASURY 3.5% GILT 22/01/45 GBP0.011.92%
3EUROPEAN INVESTMENT BANK 4.5% BDS 07/06/29 GBP10001.88%
4GE CAPITAL UK FUNDING UNLTD CO 5.875% NTS 18/01/33 GBP10001.86%
5WAL-MART STORES INC 5.625% BDS 27/03/34 GBP10001.75%
6AT&T INC 7% BDS 30/04/40 GBP(VAR)1.43%
7BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.38%
8TREASURY 4.25% GILT 7/12/20271.24%
9NATIONWIDE BUILDIN MTN 5.625 01/28/20261.23%
Management
Fund manager group
Santander Asset Mgmt UK
Fund manager company
Santander Asset Mgmt UK Ltd
Fund type
OEIC
Fund objective
The Fund aims to maximise returns by investing in a diversified portfolio of primarily fixed income securities.
Benchmark
  • iBoxx Sterling Non Gilt
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Azim Meghji09/11/2012Mohamed Azim Meghji, Head of Fixed Income at Santander Asset Management UK, has 17 years’ experience in fund management. He joined Santander Asset Management UK in October 2011. Prior to joining, Azim worked at HSBC Global Asset Management where he had overall responsibility for all credit investment funds in London – this included Sterling, US and Global credit products for both retail and institutional clients. During his time at HSBC, Azim was also a member of various committees including the Global Strategic and Credit Committees as well as being the chair of the Global Credit Asset Allocation Committee. Prior to this, Azim was a Credit Research Analyst both in London and New York. He began his career with Deutsche Bank in 2000 as an analyst having just graduated with a First Class honours degree in Economics. He holds the IMC and SFA qualification and is also a CFA Charterholder.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Santander Corporate Bond IA
Initial charge-
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£2
Available in ISAYes
Ongoing charge (OCF)0.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price155
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM76Y
Santander Corporate Bond IA Gr
Initial charge-
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£2
Available in ISAYes
Ongoing charge (OCF)0.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price230
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGXXL
Santander Corporate Bond II
Initial charge-
Annual charge0.45%
Min single investment£1,000,000
Min regular saving£2
Available in ISAYes
Ongoing charge (OCF)0.47%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price147.6
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeM76X
Data provided by

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