Fact sheet: Stan Life Inv Short Dur Cr

Fund information
Fund name
Standard Life Investments Short Duration Credit Ret Platform 1 Acc
Fund manager company
Standard Life Investments
Fund type
OEIC
Fund managers
  • Mark Munrosince 01/03/2014
  • Daniel McKernansince 01/12/2013
Fund objective
The fund aims to provide a return from a combination of income and capital growth by investing predominantly in investment grade bonds. The fund is actively managed by our investment teams who may invest in a wide range of bonds (e.g. corporate bonds including sub investment grade bonds, government backed securities, overseas bonds, index-linked bonds, floating rate notes (FRNs) and asset backed securities (ABSs)) and/or money market instruments in order to take advantage of opportunities they have identified. The fund may use derivatives to reduce the fund's exposure to interest rate risk with the aim of reducing duration exposure to around two years. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund will routinely use derivatives to reduce risk or cost, or to generate additional capital or income at low risk. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • Barclays £ Collateralised & Corp index (hedged to 2 Yrs duration)
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.4%
1 Year rank in sector
80/91
Sector
UT Sterling Corporate Bond
Yield
2%
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.
0.66%
Fund size
£276m (£287m 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.
17
Mid price
61.54
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond11.8%
F&C Instl Lg Dtd Corp Bd10.8%
Henderson Inst Long Dat Cr10.6%
Newton Long Corporate Bond10.4%
Blackrock InstBdOver10YrCorp9.8%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • International100%
  • Corporate Bonds44.2%
    Financials44.2%
    Asset/Mortgage-Backed Securities8.6%
    Others1.6%
    Government Bonds1.4%
  • Others45.8%
    Global Corporate Fixed Interest44.2%
    Global Fixed Interest8.6%
    Global Government Fixed Interest1.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.4%2.4%3.4%7.3%31.9%
Sector-1.4%-5%2.9%5.9%16.4%35.1%
Rank within sector12 / 9710 / 9461 / 9480 / 9180 / 8658 / 71
Quartile1st1st3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.6%0%4.2%3%15.3%
Sector6.9%-0.3%10.1%0.2%12.1%
Rank within sector83 / 9239 / 9081 / 878 / 7818 / 71
Quartile4th2nd4th1st2nd
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.
-0.05
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.
0.45
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%.
3.19
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.
3.62
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.
-0.78
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.
0.55
Price movement
52 week high62.51
52 week low57.53
Current bid price-
Current offer price-
Current mid price61.54
Region
1International100%
Industry sector
1Corporate Bonds44.2%
2Financials44.2%
3Asset/Mortgage-Backed Securities8.6%
4Others1.6%
5Government Bonds1.4%
Asset type
1Others45.8%
2Global Corporate Fixed Interest44.2%
3Global Fixed Interest8.6%
4Global Government Fixed Interest1.4%
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 a return from a combination of income and capital growth by investing predominantly in investment grade bonds. The fund is actively managed by our investment teams who may invest in a wide range of bonds (e.g. corporate bonds including sub investment grade bonds, government backed securities, overseas bonds, index-linked bonds, floating rate notes (FRNs) and asset backed securities (ABSs)) and/or money market instruments in order to take advantage of opportunities they have identified. The fund may use derivatives to reduce the fund's exposure to interest rate risk with the aim of reducing duration exposure to around two years. Past performance is not a guide to future returns and future returns are not guaranteed. The price of assets and the income from them may go down as well as up and cannot be guaranteed; an investor may receive back less than their original investment. The fund will routinely use derivatives to reduce risk or cost, or to generate additional capital or income at low risk. Usage of derivatives is monitored to ensure that the fund is not exposed to excessive or unintended risks. The value of assets held within the fund may rise and fall as a result of exchange rate fluctuations.
Benchmark
  • Barclays £ Collateralised & Corp index (hedged to 2 Yrs duration)
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
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.
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.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Standard Life Investments Short Duration Credit Inst Acc
Initial charge-
Annual charge0.5%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price89.42
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeS807
Standard Life Investments Short Duration Credit Inst Inc
Initial charge-
Annual charge0.5%
Min single investment£250,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.61%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price52.89
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeS809
Standard Life Investments Short Duration Credit Ret Acc
Initial charge4%
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price85.13
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeS808
Standard Life Investments Short Duration Credit Ret Inc
Initial charge4%
Annual charge1%
Min single investment£500
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.03%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price52.97
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeS810
Standard Life Investments Short Duration Credit Ret Platform 1 Acc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.66%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price61.54
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code10GI
Standard Life Investments Short Duration Credit Ret Platform 1 Inc
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.66%
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price54.66
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code10GJ
Data provided by

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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.