Fact sheet: Stan Life Inv InvGCorpBd

Fund information
Fund name
Standard Life Investments Investment Grade Corporate Bond Ret Platform 1 Acc
Fund manager company
Standard Life Investments
Fund type
OEIC
Fund managers
  • Daniel McKernansince 01/12/2013
  • Mark Munrosince 01/03/2014
Fund objective
The fund aims to generate an income, before charges, above that available on UK Government bonds by investing mainly 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. 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
  • iBoxx GBP Collateralized & Corporates Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.5%
1 Year rank in sector
43/92
Sector
UT Sterling Corporate Bond
Yield
3.3%
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
£273m (£667m 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.
39
Mid price
65.32
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond12.4%
Newton Long Corporate Bond11.4%
F&C Instl Lg Dtd Corp Bd11.1%
Henderson Inst Long Dat Cr11%
Fidelity Inst UK Lg Crp Bd10.5%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK53.6%
    USA12.5%
    Netherlands5.7%
    France5.3%
    Jersey5%
  • Financials46.1%
    Corporate Bonds40.9%
    Asset/Mortgage-Backed Securities10.4%
    Government Bonds3.1%
    Others-0.5%
  • UK Fixed Interest59%
    US Fixed Interest12.5%
    Dutch Fixed Interest5.7%
    French Fixed Interest5.3%
    American Emerging Fixed Interest3.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-5.5%2.6%6.5%16.5%37.1%
Sector-1.1%-4.4%2.6%6.3%17.7%34.2%
Rank within sector53 / 9775 / 9446 / 9443 / 9260 / 8734 / 71
Quartile3rd4th2nd2nd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.1%-1.1%9.4%0.9%14.4%
Sector7.5%-0.3%10.1%0.2%12.1%
Rank within sector31 / 9277 / 9059 / 8737 / 7829 / 71
Quartile2nd4th3rd2nd2nd
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.
-1.06
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.
0.23
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%.
6.14
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.
1.16
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.
-0.29
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.
0.98
Price movement
52 week high69.48
52 week low59.76
Current bid price-
Current offer price-
Current mid price65.32
Region
1UK53.6%
2USA12.5%
3Netherlands5.7%
4France5.3%
5Jersey5%
6Cayman Islands2.8%
7Australia2.6%
8Money Market1.6%
9Ireland1.5%
Industry sector
1Financials46.1%
2Corporate Bonds40.9%
3Asset/Mortgage-Backed Securities10.4%
4Government Bonds3.1%
5Others-0.5%
Asset type
1UK Fixed Interest59%
2US Fixed Interest12.5%
3Dutch Fixed Interest5.7%
4French Fixed Interest5.3%
5American Emerging Fixed Interest3.3%
6Australian Fixed Interest2.6%
7Money Market1.6%
8Irish Fixed Interest1.5%
9Spanish Fixed Interest1.4%
Individual holdings
1AA 4.72% 20181.7%
2LONGSTONE FINANCE 4.896% 20311.5%
3AT&T INC 5.2% NTS 18/11/33 GBP3500000001.4%
4E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP500001.4%
5TESCO 6.125% NTS 24/02/22 GBP500001.3%
6AA 4.249% 20201.2%
7ELECTRICITE DE FRANCE 5.875% PERP1.2%
8SOUTHERN WATER SERVICES 4.5% 20381.2%
9BARCLAYS BANK 10.0% 20211.1%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Investments
Fund type
OEIC
Fund objective
The fund aims to generate an income, before charges, above that available on UK Government bonds by investing mainly 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. 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
  • iBoxx GBP Collateralized & Corporates Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Daniel McKernan01/12/2013Daniel 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.
Mark Munro01/03/2014Mark is responsible for managing a number of institutional funds in the corporate bond team. Previously in his role as an analyst Mark was responsible for providing company research and trade ideas for the credit team. He has also worked as an analyst on the UK small cap equities team.Before joining SWIP, Mark spent four years working in the derivatives market, trading futures electronically on the Chicago Board of Trade.Mark is a CFA charterholder and has the Investment Management Certificate. He is a Bachelor of Law (LLB) from the University of Edinburgh.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Standard Life Investments Investment Grade Corporate Bond Inst A Acc
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price53.62
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeE2SM
Standard Life Investments Investment Grade Corporate Bond Inst A Inc
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price52.63
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeE2SN
Standard Life Investments Investment Grade Corporate Bond Inst Acc
Initial charge-
Annual charge0.5%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price155.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeSL74
Standard Life Investments Investment Grade Corporate Bond Inst Inc
Initial charge-
Annual charge0.5%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)0.6%
Bid price-
Offer price-
Mid price61.56
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeSL75
Standard Life Investments Investment Grade Corporate Bond Ret Acc
Initial charge4%
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price145
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS506
Standard Life Investments Investment Grade Corporate Bond Ret Inc
Initial charge4%
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.02%
Total expense ratio (TER)1.1%
Bid price-
Offer price-
Mid price61.79
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeSL46
Standard Life Investments Investment Grade Corporate Bond Ret Platform 1 Acc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price65.32
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10GA
Standard Life Investments Investment Grade Corporate Bond Ret Platform 1 Inc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price57.12
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10GB
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.