Fact sheet: Stan Life Inv AAA Inc

Fund information
Fund name
Standard Life Investments AAA Income Ret Platform 1 Acc
Fund manager company
Standard Life Investments
Fund type
OEIC
Fund managers
  • Daniel McKernansince 01/03/2014
  • Ross Hutchisonsince 01/07/2014
Fund objective
The fund aims to provide income by investing mainly in sterling bonds and targeting investments predominantly in bonds with a credit rating of 'AAA'. The Fund is actively managed by our investment teams who may invest in a variety of 'AAA' credit rated assets including corporate bonds, gilts, supranationals and other bonds (e.g. government backed securities, overseas bonds and index-linked bonds) and/or money market instruments in order to take advantage of opportunities they have identified. Generally any overseas assets will be hedged back to sterling. Up to 20% of the Fund may be invested in UK government bonds which are excluded from the rating criteria.
Benchmark
  • iBoxx GBP Non-Gilts AAA rated Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
5.2%
1 Year rank in sector
80/89
Sector
UT Sterling Corporate Bond
Yield
1.6%
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.
0.68%
Fund size
£195m (£168m 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.
34
Mid price
61
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.1%
Henderson Inst Long Dat Cr15.8%
Fidelity Inst UK Lg Crp Bd15.4%
F&C Instl Lg Dtd Corp Bd15.3%
Blackrock InstBdOver10YrCorp14.4%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • International100%
  • Government Bonds45.3%
    Asset/Mortgage-Backed Securities39.3%
    Financials7.8%
    Corporate Bonds5.4%
    Others2.2%
  • Global Government Fixed Interest42%
    Global Fixed Interest39.3%
    Others10%
    Global Corporate Fixed Interest5.4%
    UK Gilts3.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.5%3.4%5.2%15.7%22%
Sector0.9%2.2%5.5%9.2%19.1%34.8%
Rank within sector95 / 9676 / 9681 / 9480 / 8967 / 8365 / 69
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.9%7.3%-1%10%-2.9%
Sector3.3%9.1%-0.3%10.1%0.2%
Rank within sector84 / 9470 / 8769 / 8546 / 8274 / 76
Quartile4th4th4th3rd4th
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.
0.59
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.
0.76
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.
0.33
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%.
4.79
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.
2.77
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.
-0.28
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.
0.73
Price movement
52 week high62.26
52 week low57.93
Current bid price-
Current offer price-
Current mid price61
Region
1International100%
Industry sector
1Government Bonds45.3%
2Asset/Mortgage-Backed Securities39.3%
3Financials7.8%
4Corporate Bonds5.4%
5Others2.2%
Asset type
1Global Government Fixed Interest42%
2Global Fixed Interest39.3%
3Others10%
4Global Corporate Fixed Interest5.4%
5UK Gilts3.3%
Individual holdings
No data available.
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Investments
Fund type
OEIC
Fund objective
The fund aims to provide income by investing mainly in sterling bonds and targeting investments predominantly in bonds with a credit rating of 'AAA'. The Fund is actively managed by our investment teams who may invest in a variety of 'AAA' credit rated assets including corporate bonds, gilts, supranationals and other bonds (e.g. government backed securities, overseas bonds and index-linked bonds) and/or money market instruments in order to take advantage of opportunities they have identified. Generally any overseas assets will be hedged back to sterling. Up to 20% of the Fund may be invested in UK government bonds which are excluded from the rating criteria.
Benchmark
  • iBoxx GBP Non-Gilts AAA rated Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Daniel McKernan01/03/2014Daniel McKernan joined Standard Life Investments in 2013, as Head of Sterling Investment Grade Credit. He has responsibility for a number of large credit and aggregate bond mandates. Daniel has over 20 years' investment management experience as a fixed income fund manager and prior to joining us worked at Scottish Widows Investment Partnership as Head of European and Sterling Credit. He has also worked at BlackRock, Aegon Asset Management and Norwich Union.
Ross Hutchison01/07/2014
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Standard Life Investments AAA Income Inst Acc
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price103.3
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeSL78
Standard Life Investments AAA Income Inst Inc
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price58.82
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeSL92
Standard Life Investments AAA Income Inst S Acc
Initial charge-
Annual charge0.25%
Min single investment£150,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price54.62
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMT8L
Standard Life Investments AAA Income Inst S Inc
Initial charge-
Annual charge0.25%
Min single investment£150,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.41%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price53.35
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMT8M
Standard Life Investments AAA Income Ret Acc
Initial charge4%
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price96.21
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSL73
Standard Life Investments AAA Income Ret CAT Acc
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price97
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeSL70
Standard Life Investments AAA Income Ret CAT Inc
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price58.76
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSL90
Standard Life Investments AAA Income Ret Inc
Initial charge4%
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.05%
Total expense ratio (TER)1.11%
Bid price-
Offer price-
Mid price58.37
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSL91
Standard Life Investments AAA Income Ret Platform 1 Acc
Initial charge-
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price61
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10G2
Standard Life Investments AAA Income Ret Platform 1 Inc
Initial charge-
Annual charge0.5%
Min single investment£2,000,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price55.68
CurrencyGBX
Price updated24/05/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10G3
Data provided by

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