Fact sheet: Stan Life Corporate Bond Pn

Fund information
Fund name
Stan Life Corporate Bond Pn S3 GBP
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund manager
  • Craig MacDonaldsince 04/10/2001
No data available.
Fund objective
The fund aims to provide long term growth mainly from the reinvestment of income generated by investing predominantly in Sterling denominated corporate bonds. The fund is actively managed by our investment team who may also invest a proportion of assets in other bonds (e.g. overseas bonds and gilts) and/or money market instruments to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in. The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. The sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • Merrill Lynch Non Gilt Sterling All Stocks Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
10.2%
1 Year rank in sector
76/264
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£4,047m (£3,640m 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.
38
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

  • International95.5%
    UK4.5%
  • Corporate Bonds38.4%
    Financials33.3%
    Asset/Mortgage-Backed Securities16.2%
    Government Bonds6.7%
    Government Bills4.5%
  • Global Corporate Fixed Interest38.4%
    Others34.2%
    Global Fixed Interest16.2%
    Global Government Fixed Interest6.7%
    UK Gilts4.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%3.9%2.7%10.2%21.6%40.8%
Sector1%3.5%2.3%9.2%20%38.1%
Rank within sector102 / 26774 / 266108 / 26576 / 26479 / 23572 / 218
Quartile2nd2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.3%10.4%-0.1%11.5%1%
Sector2.3%9.4%0.2%10.5%1%
Rank within sector143 / 26573 / 261166 / 24774 / 235119 / 226
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.
-0.46
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.
1.15
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.
0.54
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.
0.98
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.
0.45
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.
0.99
Price movement
52 week high241.8
52 week low214.9
Current bid price-
Current offer price-
Current mid price236.8
Region
1International95.5%
2UK4.5%
Industry sector
1Corporate Bonds38.4%
2Financials33.3%
3Asset/Mortgage-Backed Securities16.2%
4Government Bonds6.7%
5Government Bills4.5%
6Others0.9%
Asset type
1Global Corporate Fixed Interest38.4%
2Others34.2%
3Global Fixed Interest16.2%
4Global Government Fixed Interest6.7%
5UK Gilts4.5%
Individual holdings
1TREASURY 4.5% GILT 7/9/2034 GBP0.011.4%
2EUROPEAN INVESTMENT BANK 5.625% BDS 7/6/2032 GBP10001.2%
3BANK OF AMERICA CORP 7% SNR NTS 31/07/28 GBP500001%
4ABBEY NATIONAL TREASURY 5.75% 20260.9%
5AT&T 5% 20430.9%
6BARCLAYS 10% 20210.9%
7TREASURY 4.5% GILT 7/12/42 GBP0.9%
8KFW INTERNATIONAL FINANCE INC 6% NOTES 7/12/2028 GBP(VAR)0.8%
9GE CAPITAL UK FUNDING 8% 20390.7%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund aims to provide long term growth mainly from the reinvestment of income generated by investing predominantly in Sterling denominated corporate bonds. The fund is actively managed by our investment team who may also invest a proportion of assets in other bonds (e.g. overseas bonds and gilts) and/or money market instruments to try to take advantage of opportunities they have identified. The value of investments within the fund can fall as well as rise and is not guaranteed – you may get back less than you pay in. The fund may use derivatives for the purposes of efficient portfolio management, reduction of risk or to meet its investment objective if this is permitted and appropriate. The sterling value of overseas assets held in the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • Merrill Lynch Non Gilt Sterling All Stocks Bond Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Craig MacDonald04/10/2001Craig joined Standard Life Investments as an Investment Director in 2002. Craig has been as key figure in broadening our corporate credit processes and resources to manage euro and global corporate credit in addition to our strong sterling bond heritage. He now manages the European investment grade team as well as being responsible for a range of third party corporate bond funds.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life Corporate Bond Pn S2
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 price264.0732
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeG3AH
Stan Life Corporate Bond 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 price236.8
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZR71
Stan Life Corporate Bond 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 price236.8
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeZR72
Stan Life Corporate Bond 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 price274.3687
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE620
Stan Life Corporate Bond 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 price237.4952
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZR73
Stan Life Corporate Bond 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 price237.0416
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZR74
Stan Life Corporate Bond 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 price251.8989
CurrencyGBX
Price updated27/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeS776
Data provided by

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