Fact sheet: Stan Life M&G Gbl Hgh Yid Bd Pn

Fund information
Fund name
Stan Life M&G Global High Yield Bond Pn S4
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund managers
  • Stefan Isaacssince 29/09/2010
  • James Tomlinssince 01/01/2014
Underlying fund
M&G Gbl Hi Yield Bd
Fund objective
The fund aims to deliver capital growth and a high level of income, which may vary over time. The fund invests principally in bonds issued by companies with a low credit rating, which typically pay higher levels of interest to compensate investors for the greater risk of default. Part of the fund may be invested in other fixed income assets, such as government bonds. Asset exposure is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.9%
1 Year rank in sector
41/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£0m
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.
44
Top in this sector
Fund name1 Year
L&G High Income Pn11.1%
Aviva Invtec M High Inc Pn10.6%
Aviva JPM Gbl HighYldBd Pn10.5%
SIP JPM Gbl Hi Yd Bd Pn10.1%
LV= Investec Monthly Hi Inc Pn9.9%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA41.9%
    UK20.2%
    Money Market5.1%
    Germany4%
    Luxembourg3.9%
  • Banks13.9%
    Media11.7%
    Government Bonds9.7%
    Health Care8.6%
    Energy8.3%
  • US Corporate Fixed Interest41.3%
    UK Corporate Fixed Interest10.8%
    UK Gilts9.7%
    Money Market5.1%
    German Corporate Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-0.3%4.2%5.9%--
Sector-0.7%-0.7%4.6%7.4%14.6%48.8%
Rank within sector17 / 5726 / 5732 / 5741 / 56--
Quartile2nd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.9%-2%---
Sector9.2%-0.1%4.4%6.8%19.3%
Rank within sector25 / 5643 / 54---
Quartile2nd4th
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high106.4
52 week low91.4
Current bid price-
Current offer price-
Current mid price104.7
Region
1USA41.93%
2UK20.21%
3Money Market5.07%
4Germany4.05%
5Luxembourg3.92%
6Spain3.78%
7France3.15%
8Italy2.87%
9Canada2.44%
Industry sector
1Banks13.9%
2Media11.73%
3Government Bonds9.65%
4Health Care8.57%
5Energy8.3%
6Telecommunications8.03%
7Capital Goods6.63%
8Basic Industries6.27%
9Services5.67%
Asset type
1US Corporate Fixed Interest41.31%
2UK Corporate Fixed Interest10.84%
3UK Gilts9.65%
4Money Market5.07%
5German Corporate Fixed Interest4.05%
6Luxembourg Corporate Fixed Interest3.92%
7Spanish Corporate Fixed Interest3.32%
8French Corporate Fixed Interest3.15%
9Italian Corporate Fixed Interest2.87%
Individual holdings
1TREASURY 1.25% GILT 22/7/18 GBP0.014.45%
2TREASURY 0% TSY BILL 05/12/16 GBP13.42%
3TREASURY 1.75% GILT 22/07/19 GBP0.011.78%
4WILLIAM HILL PLC 4.875% BDS 07/09/23 GBP1000001.18%
5MATTERHORN TELECOM SA 3.875% BDS 01/05/22 EUR1000001.1%
6NUMERICABLE SFR 5.625% BDS 15/05/24 EUR100000 REG S0.98%
7VTR FINANCE BV 6.875% BDS 15/01/24 USD2000000.97%
8BELDEN INC. 5.5% MTN 15/04/23 EUR100000 REG S0.94%
9JPMORGAN CHASE & CO DEP SHS REPR 1/10 7.9%NON CUM PFD I0.94%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund aims to deliver capital growth and a high level of income, which may vary over time. The fund invests principally in bonds issued by companies with a low credit rating, which typically pay higher levels of interest to compensate investors for the greater risk of default. Part of the fund may be invested in other fixed income assets, such as government bonds. Asset exposure is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stefan Isaacs29/09/2010Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.
James Tomlins01/01/2014James Tomlins joined M&G in June 2011 and was appointed fund manager of the M&G European High Yield Bond Fund later that year. In January 2014, he became co-manager of the M&G Global High Yield Bond Fund after two years as deputy manager on the fund. James has also managed the M&G Global Floating Rate High Yield Fund since its launch in September 2014. James is a specialist in high yield credit with more than 10 years’ experience in this sector. He was previously an analyst and then a fund manager at Cazenove Capital Management. Before Cazenove, James was at KBC Alternative Investment Management; in the three years prior to that, he worked at Merrill Lynch Investment Managers. James is a CFA charterholder. He graduated with an MA in history and PgDip in economics from the University of Cambridge.
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life M&G Global High Yield Bond Pn S4
Initial charge-
Annual charge1.56%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price104.7
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKN2X
Stan Life M&G Global High Yield Bond Pn SB
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKMVA
Data provided by

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