Fact sheet: Stan Life Annuity Purchase Pn

Fund information
Fund name
Stan Life Annuity Purchase Pn S1 GBP
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund managers
  • Liam O'Donnellsince 30/06/2014
  • Sebastian MacKaysince 01/11/2011
No data available.
Fund objective
This fund has a very different aim from most other investment-linked funds. It is designed for investors approaching retirement and considering purchasing a fixed annuity. It aims to reduce the effect of changes in long term interest rates on the value of annuity that can be purchased. Long term interest rates are one of the main factors affecting the cost of an annuity. The fund invests predominantly in bonds whose prices are normally expected to rise and fall broadly in line with the cost of purchasing an annuity. The fund does not provide any guarantee in relation to the level of annuity you will be able to purchase at retirement. It also does not protect against changes in the cost of purchasing an annuity that arise due to changes in life expectancy.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.7%
1 Year rank in sector
111/117
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£1,090m (£1,016m 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.
64
Bid price
394.9
Offer price
415.7
Top in this sector
Fund name1 Year
Ignis Standard Lg Gilt Pn25.5%
Stan Life L&G Ov15Yr IL GltIdx Pn23.6%
Pru Sup Lg Idx Lkd Pn16.4%
M&G PP Super Long Index Linked Pn16.3%
OMW M&G PP Lg Dted Corp Bd Pn15.7%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

  • UK97.2%
    International1.6%
    Money Market1.2%
  • Government Bonds - UK97.2%
    Government Bonds1.6%
    Money Market1.2%
  • UK Gilts97.2%
    Global Government Fixed Interest1.6%
    Money Market1.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.3%-8.4%1.2%7.7%26.4%24.8%
Sector-3.3%-10.1%4%13%38.2%45.1%
Rank within sector21 / 11722 / 119114 / 118111 / 117103 / 10592 / 92
Quartile1st1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund9%-0.5%16.8%-5.9%3%
Sector14.2%0%21.3%-4.3%6.5%
Rank within sector111 / 11864 / 11097 / 10554 / 10041 / 92
Quartile4th3rd4th3rd2nd
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.
0.8
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.
0.48
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%.
8.99
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.
2.9
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.
-0.99
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.
0.95
Price movement
52 week high434.8
52 week low362.2
Current bid price394.9
Current offer price415.7
Current mid price-
Region
1UK97.2%
2International1.6%
3Money Market1.2%
Industry sector
1Government Bonds - UK97.2%
2Government Bonds1.6%
3Money Market1.2%
Asset type
1UK Gilts97.2%
2Global Government Fixed Interest1.6%
3Money Market1.2%
Individual holdings
1TREASURY 4.75% GILT 07/12/30 GBP18.6%
2TREASURY 4.25% GILT 7/12/202715.2%
3TREASURY 6% GILT 202810.9%
4TREASURY 4.25% GILT 07/06/2032 GBP0.013.6%
5TREASURY 3.25% GILT 22/01/44 GBP0.012.8%
6TREASURY 4.5% GILT 7/12/42 GBP2.8%
7TREASURY 4.25% GILT 07/03/36 GBP0.012.7%
8TREASURY 4.75% GILT 07/12/38 GBP2.6%
9TREASURY 4.25% GILT 07/12/402.5%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
This fund has a very different aim from most other investment-linked funds. It is designed for investors approaching retirement and considering purchasing a fixed annuity. It aims to reduce the effect of changes in long term interest rates on the value of annuity that can be purchased. Long term interest rates are one of the main factors affecting the cost of an annuity. The fund invests predominantly in bonds whose prices are normally expected to rise and fall broadly in line with the cost of purchasing an annuity. The fund does not provide any guarantee in relation to the level of annuity you will be able to purchase at retirement. It also does not protect against changes in the cost of purchasing an annuity that arise due to changes in life expectancy.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Liam O'Donnell30/06/2014
Sebastian MacKay01/11/2011Prior to joining Standard Life Investments in 2011, Sebastian gained experience at Scottish Widows Investment Partnership (SWIP) in the Aggregate Bond team as an Investment Director. During his tenure, he was responsible for identifying key economic and market themes that can be implemented across aggregate bond portfolios and monitor positions help to ensure that the fund ran in accordance with their mandates.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life Annuity Purchase Pn S1 GBP
Initial charge-
Annual charge0.63%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.63%
Bid price394.9
Offer price415.7
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSL34
Stan Life Annuity Purchase Pn S2 GBP
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.31%
Bid price-
Offer price-
Mid price423.0727
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSB61
Stan Life Annuity Purchase Pn S3 GBP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price242
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeST56
Stan Life Annuity Purchase Pn S4 GBP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price-
Offer price-
Mid price233.7
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeST55
Stan Life Annuity Purchase Pn S5 GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.01%
Bid price-
Offer price-
Mid price255.3889
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE615
Stan Life Annuity Purchase Pn S6 GBP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price218.9908
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeAX91
Stan Life Annuity Purchase Pn S7 GBP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price218.4118
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeAY33
Stan Life Annuity Purchase Pn S8 GBP
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price232.1121
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeBU86
Stan Life Annuity Purchase Pn Ser B GBP
Initial charge-
Annual charge0.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.14%
Bid price-
Offer price-
Mid price177.3
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeQE77
Data provided by

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