Fact sheet: Scot Eq Kames Inv Grade Bd Pn

Fund information
Fund name
Scot Eq Kames Investment Grade Bond Pn
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Euan McNeilsince 01/11/2009
  • Stephen Snowdensince 01/09/2011
Underlying fund
Kames Investment Grade Bond
Fund objective
This fund aims to maximise total return (income plus capital growth) by investing primarily in investment grade and government bonds in sterling and other currencies. The fund may invest a maximum of 20% in high yield bonds and may also invest in cash. A minimum of 80% of the fund will be hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions (see glossary of investment terms).
Benchmark
  • IA £ Corporate Bond Sector
Investment style
None
Investment method
None, Fixed Interest
Quick stats
1 Year return
8.4%
1 Year rank in sector
170/264
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£39m (£32m 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.
32
Bid price
168.5634
Offer price
177.4352
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn16.8%
OMW IPL L&G AAA CrpBdOv15YIx Pn16.3%
BlackRock DC AqOv 15 YCrp BdIx HP16%
MetLife Fid Corp Bd 20yr Pn15.5%
FL TEActv Bln Bd IE15.2%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK53.3%
    USA13.1%
    Netherlands6.5%
    Jersey4.2%
    Cayman Islands4%
  • Others38.3%
    Financials37.9%
    Mortgage & Secured Bonds15.5%
    Government Bonds3%
    Asset/Mortgage-Backed Securities2%
  • UK Fixed Interest60.7%
    US Fixed Interest13.1%
    Dutch Fixed Interest6.5%
    American Emerging Fixed Interest4%
    French Fixed Interest3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%3.9%2.9%8.4%20.3%42.2%
Sector1%3.5%2.3%9.2%20%38.1%
Rank within sector105 / 26780 / 26672 / 265170 / 264109 / 23560 / 218
Quartile2nd2nd2nd3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.7%8.2%1.3%10.7%2.2%
Sector2.3%9.4%0.2%10.5%1%
Rank within sector82 / 265185 / 26139 / 247115 / 23570 / 226
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.
0.62
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.
0.9
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.
0.58
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%.
5.01
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.
1.13
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.
0.96
Price movement
52 week high169.18
52 week low155.55
Current bid price168.56
Current offer price177.44
Current mid price-
Region
1UK53.33%
2USA13.07%
3Netherlands6.49%
4Jersey4.2%
5Cayman Islands4%
6France3.18%
7Not Specified2.63%
8Money Market1.91%
9International1.85%
Industry sector
1Others38.3%
2Financials37.9%
3Mortgage & Secured Bonds15.5%
4Government Bonds3%
5Asset/Mortgage-Backed Securities2%
6Fixed Interest1.9%
7Money Market1.4%
Asset type
1UK Fixed Interest60.66%
2US Fixed Interest13.07%
3Dutch Fixed Interest6.49%
4American Emerging Fixed Interest4%
5French Fixed Interest3.18%
6Supranational Fixed Interest1.85%
7Money Market1.84%
8German Fixed Interest1.76%
9Australian Fixed Interest1.75%
Individual holdings
1LCR FINANCE 4.5% GTD BDS 2028 GBP1000 REG`S`(REGD)1.76%
2COOPERATIEVE RABOBANK UA 6.567% SUBORD NTS PERP GBP500001.59%
3SMFG PREFERRED CAPITAL LTD 10.231% NTS PERP GBP1000 `REGS`1.4%
4AVIVA 6.125% PERP SUB NTS GBP(VAR)1.37%
5BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S1.34%
6HSBC CAP FUNDING(STERLING 1)LP 5.844% EUR MED TRM NTS PERP GBP10001.34%
7SANTANDER UK GROUP HLDGS PLC 3.625% SNR NTS 14/01/26 GBP1000001.32%
8SEVERN TRENT WATER UTILITIES FIN 2.75% GTD NTS 05/12/31 GBP1000001.19%
9EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP10001.14%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to maximise total return (income plus capital growth) by investing primarily in investment grade and government bonds in sterling and other currencies. The fund may invest a maximum of 20% in high yield bonds and may also invest in cash. A minimum of 80% of the fund will be hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions (see glossary of investment terms).
Benchmark
  • IA £ Corporate Bond Sector
Investment style
None
Investment method
None, Fixed Interest
Fund managers
NameSinceBiography
Euan McNeil01/11/2009Euan McNeil is an investment manager in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds as well as several institutional portfolios. Euan joined us in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling.
Stephen Snowden01/09/2011Stephen Snowden is Head of Credit in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds and an absolute return bond fund. He rejoined Kames Capital in July 2011 from Old Mutual Asset Management where he managed the Corporate Bond Fund. Stephen started his career with us in 1994, initially focusing on equities before moving to the fixed income team to manage corporate bond funds. He has a first class honours degree BSc Finance and an MSc Finance from Queens University Belfast, and is also an associate member of the CFA Society of the UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq Kames Investment Grade Bond Pn
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price168.5634
Offer price177.4352
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeX926
Scot Eq Kames Investment Grade Bond Pn (ARC)
Initial charge-
Annual charge0.8%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price155.109
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00GU
Data provided by

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