Fact sheet: Smith & Williamson Gbl Gov Bd

Fund information
Fund name
Smith & Williamson Global Government Bond B Inc
Fund manager company
Smith & Williamson Invest Mgmt
Fund type
OEIC
Fund managers
  • Chris Lynassince 28/05/2012
  • Robin Marshallsince 28/05/2012
Fund objective
The investment objective of the Fund is to deliver total returns greater than the FTSE Gilts All Stocks Index through investment predominantly in global government bonds, mainly in a variety of index-linked and conventional global government bonds. Up to 20% of the Fund may be invested in investment grade corporate bonds.
Benchmark
  • FTSE - A British Government All Stocks Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
10%
1 Year rank in sector
46/287
Sector
FO Fixed Int - Global
Yield
-
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.
1.19%
Fund size
£2m (£3m 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.
37
Top in this sector
Fund name1 Year
Capital Group GHIOL34.5%
Dodge & Cox Global Bond27.5%
Russell Gbl Bd27.2%
La Mondiale Global Bond26.9%
Aberdeen Global II GlGovtBd26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%5.4%8.3%10%17.1%-
Sector0%2%4.4%6.2%8.6%17.4%
Rank within sector11 / 30515 / 30332 / 30146 / 28747 / 228-
Quartile1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12.7%-4%10.2%-9.2%-
Sector6.4%-1.6%3.7%-1.6%8.2%
Rank within sector25 / 297217 / 27528 / 236196 / 204-
Quartile1st4th1st4th
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.
1.61
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.
1.24
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.
0.29
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%.
6.27
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.
5.39
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.
0.27
Price movement
52 week high108.08
52 week low95.92
Current bid price-
Current offer price-
Current mid price108.08
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Smith & Williamson Invest Mgmt
Fund manager company
Smith & Williamson Invest Mgmt
Fund type
OEIC
Fund objective
The investment objective of the Fund is to deliver total returns greater than the FTSE Gilts All Stocks Index through investment predominantly in global government bonds, mainly in a variety of index-linked and conventional global government bonds. Up to 20% of the Fund may be invested in investment grade corporate bonds.
Benchmark
  • FTSE - A British Government All Stocks Index
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Chris Lynas28/05/2012Chris began his career in investment at Hoare Govett in 1986 before joining Smith & Williamson in 1990. He heads up the Fixed Interest team which runs specialist fixed interest mandates for pension funds and trusts as well as retail funds. Chris was appointed as the principal fund manager for the Smith & Williamson Fixed Interest Trust in 1998 having been involved since its inception in 1995. Chris is also fund manager for the Smith & Williamson Global Government Bond Fund and alongside fund manager Ian Kenny has responsibility for the Smith & Williamson Short-Dated Corporate Bond Fund and the Medium-Dated Corporate Bond Fund. He is a Chartered Fellow of the Chartered Institute for Securities and Investment.
Robin Marshall28/05/2012Robin Marshall is adviser to the Global Government Bond Fund. He is a Director of Fixed Income at Smith & Williamson, and advises UK institutional clients on fixed income portfolios and currency exposures. These clients range from local authority pension funds and insurance companies to absolute return (hedge) funds. Previously Robin spent 18 years at JPMorgan Chase as an economist and strategist in fixed income and foreign exchange, and became Managing Director for Economic and Policy Research. Robin graduated in Economics from Oxford University and also holds an M.Phil in Economics. Robin is frequently quoted in the international press and is a regular contributor to Bloomberg TV, Bloomberg news and other media outlets.
Compliance
IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Smith & Williamson Global Government Bond A Acc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)1.56%
Bid price-
Offer price-
Mid price93.8305
CurrencyGBX
Price updated07/04/2014
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1DE
Smith & Williamson Global Government Bond A Inc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.64%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.0162
CurrencyGBX
Price updated28/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG1DD
Smith & Williamson Global Government Bond B Acc
Initial charge-
Annual charge0.55%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.8072
CurrencyGBX
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeK35Y
Smith & Williamson Global Government Bond B Inc
Initial charge-
Annual charge0.55%
Min single investment£250,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.083
CurrencyGBX
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG1DF
Data provided by

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