Fact sheet: Smith & Williamson StDtdCrpBd

Fund information
Fund name
Smith & Williamson Short Dated Corporate Bond B GBP
Fund manager company
Smith & Williamson Invest Mgmt
Fund type
OEIC
Fund managers
  • Ian Kennysince 28/04/2009
  • Thomas Wellssince 30/09/2015
Fund objective
To achieve income returns greater than the UK Base Rate. The Fund will invest the majority of its Net Asset Value in a variety of Sterling, US Dollar and Euro short-dated investment grade corporate bonds of no more than 6 years maturity. The Fund may invest up to a maximum of 30% of its Net Assets in government, agency or Supranational bonds and Short Dated Gilts.
Benchmark
  • LIBOR GBP 3 month
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
1.8%
1 Year rank in sector
161/296
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.
0.65%
Fund size
£517m
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.
12
Top in this sector
Fund name1 Year
Capital Group GHIOL32.5%
Dodge & Cox Global Bond27.4%
HSBC GIF Gbl AsBk Bd24.3%
Russell Gbl Bd24.3%
Morg Stnly Gbl Mrtg Securts23.5%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • UK98.2%
    Money Market1.8%
  • Others35%
    Food, Beverages and Tobacco12.9%
    Utilities10%
    Biotechnology/Medical9.5%
    Materials6.8%
  • UK Fixed Interest98.2%
    Money Market1.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.5%0.1%1.8%5.7%11.9%
Sector-1.9%-2.1%0.9%2.9%5.6%14.2%
Rank within sector75 / 315123 / 313177 / 308161 / 296123 / 23698 / 169
Quartile1st2nd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund2.4%0.4%3.7%-0.4%4.6%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector175 / 30073 / 276125 / 23782 / 206124 / 171
Quartile3rd2nd3rd2nd3rd
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.
0.95
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.
0.48
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
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%.
1.83
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.
1.9
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.
-0.13
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.
0.45
Price movement
52 week high0.97
52 week low0.95
Current bid price-
Current offer price-
Current mid price0.95
Region
1UK98.2%
2Money Market1.8%
Industry sector
1Others35%
2Food, Beverages and Tobacco12.9%
3Utilities10%
4Biotechnology/Medical9.5%
5Materials6.8%
6Telecommunications Utilities5.9%
7Fixed Interest5.8%
8Government Bonds5.3%
9Capital Goods4.4%
Asset type
1UK Fixed Interest98.2%
2Money Market1.8%
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
To achieve income returns greater than the UK Base Rate. The Fund will invest the majority of its Net Asset Value in a variety of Sterling, US Dollar and Euro short-dated investment grade corporate bonds of no more than 6 years maturity. The Fund may invest up to a maximum of 30% of its Net Assets in government, agency or Supranational bonds and Short Dated Gilts.
Benchmark
  • LIBOR GBP 3 month
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ian Kenny28/04/2009Ian joined Smith & Williamson in 1997 as an institutional fund accountant. He qualified as a Chartered Certified Accountant in 2001 and thereafter assumed fund management responsibilities for a variety of institutional funds. Ian is lead manager for the Medium-Dated Corporate Bond Fund and lead manager of the Short-Dated Corporate Bond Fund, in addition, Ian has assisted Chris Lynas with the management of the Smith & Williamson Fixed Interest Trust since 2006. Ian graduated from the University of Reading with a BSc in Human Geography and an MSc in International Business & Economic Development. Ian qualified as a Chartered Certified Accountant in 2001, is a Member of the Chartered Institute for Securities and Investment and is a CFA Charterholder.
Thomas Wells30/09/2015Thomas Wells joined Smith & Williamson in September 2007 on the Graduate programme, becoming fund manager in July 2010 and was promoted to Partner in January 2015. Tom has been part of the Fixed Interest team, working with Ian Kenny, since January 2009 and became deputy fund manager on the Short-Dated Corporate Bond Fund, Medium-Dated Corporate Bond Fund and Fixed Interest Fund in October 2015. Tom achieved a first class degree in Financial Services with Economics and is a Fellow of the Chartered Institute for Securities & Investment.
Compliance
Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Greece, Croatia, Hungary, Ireland, Italy, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Offshore, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden
Smith & Williamson Short Dated Corporate Bond A GBP
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price0.9655
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF9S2
Smith & Williamson Short Dated Corporate Bond B GBP
Initial charge-
Annual charge0.65%
Min single investment£250,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price0.9507
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG3G9
Smith & Williamson Short Dated Corporate Bond C USD
Initial charge5%
Annual charge0.65%
Min single investment£400,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9064
CurrencyUSD
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM3I9
Smith & Williamson Short Dated Corporate Bond D EUR
Initial charge5%
Annual charge0.65%
Min single investment£300,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.8951
CurrencyEUR
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeM3J0
Smith & Williamson Short Dated Corporate Bond Y GBP
Initial charge-
Annual charge0.45%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.958
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeN6YT
Smith & Williamson Short Dated Corporate Bond Z
Initial charge5%
Annual charge0.45%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.45%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price0.9581
CurrencyGBP
Price updated30/11/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeK8FQ
Data provided by

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