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
8.3%
1 Year rank in sector
50/79
Sector
UT Sterling Strategic Bond
Yield
2.8%
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.
18
Mid price
161
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc23.7%
Fidelity UK Inv Grd Lg Cr17.1%
AXA Framlington Mgd Inc16%
Insight Infln Link Corp Bd15.8%
Artemis High Income15%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK66.8%
    Money Market16.4%
    Not Specified9.6%
    Italy5.3%
    USA4%
  • Fixed Interest100.3%
    Money Market16.4%
    Others-16.7%
  • Global High Yield Fixed Interest51.2%
    Global Corporate Fixed Interest37%
    Money Market16.4%
    Global Fixed Interest6.1%
    UK Gilts-1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.5%1.2%8.3%14.7%30.1%
Sector1.3%2.9%-0.4%9.5%13.9%29.7%
Rank within sector62 / 8557 / 8526 / 8450 / 7934 / 7432 / 62
Quartile3rd3rd2nd3rd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.3%5.3%2.2%6.7%3.4%
Sector1.3%7.3%-0.3%6.8%2.6%
Rank within sector37 / 8559 / 799 / 7533 / 7332 / 65
Quartile2nd3rd1st2nd2nd
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.
0.88
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.
0.88
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%.
3.38
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.
0.23
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 high161
52 week low148.5
Current bid price-
Current offer price-
Current mid price161
Region
1UK66.76%
2Money Market16.43%
3Not Specified9.64%
4Italy5.26%
5USA4.04%
6France3.95%
7Spain2.33%
8Netherlands2.15%
9Ireland1.82%
Industry sector
1Fixed Interest100.27%
2Money Market16.43%
3Others-16.7%
Asset type
1Global High Yield Fixed Interest51.2%
2Global Corporate Fixed Interest37%
3Money Market16.4%
4Global Fixed Interest6.1%
5UK Gilts-1%
6Global Government Fixed Interest-9.7%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.015.97%
2INTESA SANPAOLO SPA 6.625% EMTN 08/05/18 EUR10003.19%
3BRITISH TELECOMMUNICATIONS 1.75% NTS 10/03/26 EUR1000003.14%
4RSA INSURANCE GROUP PLC FXD RTE GTD SUB STEP UP NTS 20/5/39 GBP3.07%
5AA BOND CO LTD(JE) 5.5% BDS 31/07/43 GBP100000 REG S3.01%
6ANNINGTON FINANCE NO 4 8.07% ASST BCKD NTS 10/1/23 GBP100002.93%
7BARCLAYS BANK PLC 14% STEP-UP CALL PERP RCI GBP500002.83%
8ANGLIAN WATER (OSPREY)FINANCING PLC 5% GTD SEC NTS 30/04/23 GBP1000002.77%
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 price161
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
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 price152.1
CurrencyGBX
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
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 price184.7
CurrencyGBX
Price updated24/02/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFQN4
Data provided by

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