Fact sheet: Stan Life M&G UKInftnLkdCrpBdPn

Fund information
Fund name
Stan Life M&G UK Inflation Linked Corporate Bond Pn S3
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund managers
  • Jim Leavisssince 17/09/2010
  • Ben Lordsince 17/09/2010
Underlying fund
M&G UK Inftn Lkd Corp Bd
Fund objective
The fund is designed to provide protection from the effects of inflation by generating a total return (the combination of income and growth of capital) consistent with or greater than the rate of UK inflation over any three- to five-year period. There is no guarantee that the fund will achieve its objective over any period. The fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality, with a significant part of this investment expected to be gained through the use of derivatives combined with index-linked government bonds. It may also invest in non-inflation linked assets that would be expected to perform well in an inflationary environment.
Benchmark
  • UK Consumer Price Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.8%
1 Year rank in sector
140/168
Sector
PN Sterling Strategic Bond
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.
23
Top in this sector
Fund name1 Year
OMW Artemis High Income13.4%
Zurich Artemis High Income Pn13.3%
SIP BG Corporate Bd Pn13.2%
Canlife AXA Fram Mgd Inc Pn12.9%
LV= Artemis High Income Pn12.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK60.9%
    USA32.9%
    Money Market1.4%
    France1.1%
    Japan0.8%
  • Banks18.6%
    Investment Grade Bonds13.2%
    Government Bonds12.5%
    Asset/Mortgage-Backed Securities8.9%
    Telecommunications7.7%
  • UK Fixed Interest60.9%
    US Fixed Interest32.9%
    Money Market1.4%
    French Fixed Interest1.1%
    Japanese Fixed Interest0.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%0.5%1.6%4.8%0.4%9.3%
Sector1%2%4.7%8%13.1%37%
Rank within sector144 / 170162 / 170158 / 169140 / 168149 / 153140 / 145
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.8%4.9%-2.5%-1.7%4.1%
Sector3.3%6.7%0.7%5.6%5.9%
Rank within sector163 / 170128 / 164152 / 159151 / 153106 / 149
Quartile4th4th4th4th3rd
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.
-1.84
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.
0.48
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%.
3.09
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.
3.12
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.
-1.24
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.
0.26
Price movement
52 week high109.9
52 week low104.2
Current bid price-
Current offer price-
Current mid price109.8
Region
1UK60.88%
2USA32.89%
3Money Market1.41%
4France1.15%
5Japan0.8%
6Netherlands0.77%
7Israel0.67%
8International0.48%
9Italy0.39%
Industry sector
1Banks18.63%
2Investment Grade Bonds13.2%
3Government Bonds12.48%
4Asset/Mortgage-Backed Securities8.93%
5Telecommunications7.72%
6Utilities5.29%
7Basic Industries5.29%
8Non-Cyclical Consumer Goods4.35%
9Insurance3.9%
Asset type
1UK Fixed Interest60.88%
2US Fixed Interest32.89%
3Money Market1.41%
4French Fixed Interest1.15%
5Japanese Fixed Interest0.8%
6Dutch Fixed Interest0.77%
7Middle East & African Fixed Interest0.67%
8Global Fixed Interest0.48%
9Italian Fixed Interest0.39%
Individual holdings
1TREASURY 2 1/2% IDX-LINKED GILT 202024.75%
2UNITED STATES OF AMER TREAS BONDS 0.125% BDS 15/04/20 USD1005.85%
3TREASURY 2 1/2% IDX-LINKED GILT 20245.11%
4TREASURY 1.75% GILT 07/09/22 GBP0.014.46%
5UNITED STATES OF AMER TREAS NOTES 0.375% TB 15/07/25 USD10004.05%
6TREASURY 0.125% IDX-LKD GILT 22/11/19 GBP0.013.96%
7UNITED STATES OF AMER TREAS NOTES 0% TB 15/07/22 USD10002.45%
8NATIONAL GRID ELECTRICITY TRANS. 2.983% GTD IDX-LKD BDS 8/7/18 GBP(VAR)1.94%
9UNITED STATES OF AMER TREAS NOTES 0.125% TB 15/07/24 USD10001.83%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund is designed to provide protection from the effects of inflation by generating a total return (the combination of income and growth of capital) consistent with or greater than the rate of UK inflation over any three- to five-year period. There is no guarantee that the fund will achieve its objective over any period. The fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality, with a significant part of this investment expected to be gained through the use of derivatives combined with index-linked government bonds. It may also invest in non-inflation linked assets that would be expected to perform well in an inflationary environment.
Benchmark
  • UK Consumer Price Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jim Leaviss17/09/2010Jim Leaviss is Head of Retail Fixed Interest for M&G’s mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. He is also deputy manager of the M&G Gilt & Fixed Interest Income Fund, the M&G Index-Linked Bond Fund and the M&G UK Inflation Linked Corporate Bond Fund.
Ben Lord17/09/2010Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life M&G UK Inflation Linked Corporate Bond Pn S3
Initial charge-
Annual charge1.43%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price109.8
CurrencyGBX
Price updated25/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code0CY5
Stan Life M&G UK Inflation Linked Corporate Bond Pn S4
Initial charge-
Annual charge1.43%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.59%
Bid price-
Offer price-
Mid price109.7
CurrencyGBX
Price updated25/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code0CY6
Stan Life M&G UK Inflation Linked Corporate Bond Pn SB
Initial charge-
Annual charge0.45%
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 price103.5
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKMRQ
Data provided by

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