Fact sheet: Santander Strategic Bond

Fund information
Fund name
Santander Strategic Bond IA
Fund manager company
Santander Asset Mgmt UK Ltd
Fund type
OEIC
Fund manager
  • Azim Meghjisince 02/10/2011
Fund objective
The Fund aims to maximise returns by seeking out opportunities by investing across the universe of interest bearing securities.The Fund will invest predominately across the Sterling (or hedged back to Sterling) fixed interest credit risk spectrum including governent bonds, investment grade bonds, high yield bonds (including Emerging market bonds), as well as convertibles, preference shares and permanent interest bearing shares (PIBs).The Fund may also invest in deposits, money market instruments, collective investment schemes, and derivative instruments (including forward transactions) in order to achieve its investment objective. In addition the Fund may invest in UK and European equities, non fixed interest securities and non Sterling denominated securities.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
4.2%
1 Year rank in sector
51/77
Sector
UT Sterling Strategic Bond
Yield
3.9%
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.
0.61%
Fund size
£21m (£21m 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.
19
Mid price
157.7
Top in this sector
Fund name1 Year
Fidelity I Stg Cr + Bd11.8%
Natixis LS Stgc Inc11.7%
Fidelity UK Inv Grd Lg Cr11.1%
Fidelity Pre-Retirmnt Bd9.9%
Legg Mason IFBrwiGlInOp9.7%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK61.3%
    Money Market9.6%
    Italy5.4%
    Others4.5%
    Netherlands4.4%
  • Fixed Interest85.9%
    Money Market9.6%
    Others4.5%
  • Global High Yield Fixed Interest46%
    Global Corporate Fixed Interest33%
    UK Gilts18%
    Global Fixed Interest7%
    Money Market3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-1.3%2.5%4.2%13.9%32.6%
Sector-1%-3%2.4%5.3%13.1%31.8%
Rank within sector17 / 8322 / 8235 / 8251 / 7737 / 7133 / 60
Quartile1st2nd2nd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund4.5%2.2%6.7%3.4%11.3%
Sector6%-0.3%6.8%2.6%12.6%
Rank within sector59 / 779 / 7433 / 7232 / 6443 / 61
Quartile4th1st2nd2nd3rd
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.
0.69
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.
0.89
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.
0.21
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%.
3.43
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.
1.66
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.
0.17
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.
0.77
Price movement
52 week high159.7
52 week low147.9
Current bid price-
Current offer price-
Current mid price157.7
Region
1UK61.34%
2Money Market9.58%
3Italy5.45%
4Others4.51%
5Netherlands4.41%
6USA3.06%
7France2.43%
8Spain2.38%
9Germany1.91%
Industry sector
1Fixed Interest85.91%
2Money Market9.58%
3Others4.51%
Asset type
1Global High Yield Fixed Interest46%
2Global Corporate Fixed Interest33%
3UK Gilts18%
4Global Fixed Interest7%
5Money Market3%
6Global Government Fixed Interest-7%
Individual holdings
1BRITISH TELECOMMUNICATIONS 1.75% NTS 10/03/26 EUR1000003.42%
2INTESA SANPAOLO SPA 6.625% EMTN 08/05/18 EUR10003.31%
3RSA INSURANCE GROUP PLC FXD RTE GTD SUB STEP UP NTS 20/5/39 GBP3.03%
4AA BOND CO LTD(JE) 5.5% BDS 31/07/43 GBP100000 REG S2.98%
5ANNINGTON FINANCE NO 4 8.07% ASST BCKD NTS 10/1/23 GBP100002.96%
6BARCLAYS BANK PLC 14% STEP-UP CALL PERP RCI GBP500002.77%
7ANGLIAN WATER (OSPREY)FINANCING PLC 5% GTD SEC NTS 30/04/23 GBP1000002.72%
8VIRGIN MEDIA SECURED FINANCE PLC 6% BDS 15/04/21 GBP1000 REG S2.65%
9CREDIT AGRICOLE SA 8.125% BDS 26/10/49 GBP1002.43%
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 seeking out opportunities by investing across the universe of interest bearing securities.The Fund will invest predominately across the Sterling (or hedged back to Sterling) fixed interest credit risk spectrum including governent bonds, investment grade bonds, high yield bonds (including Emerging market bonds), as well as convertibles, preference shares and permanent interest bearing shares (PIBs).The Fund may also invest in deposits, money market instruments, collective investment schemes, and derivative instruments (including forward transactions) in order to achieve its investment objective. In addition the Fund may invest in UK and European equities, non fixed interest securities and non Sterling denominated securities.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Azim Meghji02/10/2011Mohamed 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 Strategic Bond IA
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£2
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price157.7
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMEHG
Santander Strategic Bond II
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£2
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price150.2
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMEHF
Santander Strategic Bond II Gr
Initial charge-
Annual charge0.5%
Min single investment£500
Min regular saving£2
Available in ISAYes
Ongoing charge (OCF)0.61%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price182.7
CurrencyGBX
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQN4
Data provided by

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