Fact sheet: Stan Life SLI Gl Hgh Yld Bd Pn

Fund information
Fund name
Stan Life SLI Global High Yield Bond Pn SB
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund manager
  • Erlend Lochensince 27/03/2012
Underlying fund
StanLife Inv Gbl Hi Yd Bd
Fund objective
The fund aims to achieve long term growth from capital gains and the reinvestment of income generated by investing predominately in global high yielding bonds.The fund is actively managed by our investment team who may also invest in other bonds (such as investment grade corporate bonds and government bonds) issued anywhere in the world to try to take advantage of the oppurtunities they have identified.
Benchmark
  • Barclays Capital Global HY Corp Index with 2% Issuer Cap (Hedged to USD)
Investment style
High Yield
Investment method
None
Quick stats
1 Year return
9.6%
1 Year rank in sector
16/20
Sector
PN Global High Yield
Yield
-
Fund size
£128m (£83m 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.
38
Top in this sector
Fund name1 Year
FL Cap Grp Gbl Hi Inc Opps Pn28.8%
FL MyMCaGrGlHiInOpPn28%
OMW Old Mutual Emg Mkt Dt23.5%
Canlife Tndle Emg Mkt Bond Pn23.1%
OMW Old Mut Monthly Inc HY Bnd21.8%
...more in PN Global High Yield

Performance snapshot

Holdings snapshot

  • USA66.8%
    Money Market9.6%
    Not Specified4.5%
    UK4.2%
    Germany4%
  • Fixed Interest90.4%
    Money Market9.6%
  • US Fixed Interest66.8%
    Money Market9.6%
    Global Fixed Interest4.5%
    UK Fixed Interest4.2%
    German Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%1.2%2.2%9.6%7%29%
Sector-1.2%1.5%-1.1%14.5%18.7%26%
Rank within sector1 / 2010 / 203 / 2016 / 2015 / 156 / 11
Quartile1st2nd1st4th4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.2%11.1%-2.2%-1%6.8%
Sector2.1%22.8%-5.8%1.8%-3.4%
Rank within sector9 / 2015 / 197 / 1713 / 153 / 13
Quartile2nd4th2nd4th1st
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.
0.39
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.
0.3
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%.
5.63
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.
7.67
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.
-0.51
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.
0.21
Price movement
52 week high128.3
52 week low117.1
Current bid price-
Current offer price-
Current mid price128.2
Region
1USA66.8%
2Money Market9.6%
3Not Specified4.5%
4UK4.2%
5Germany4%
6Canada3.2%
7Netherlands2.2%
8France1.9%
9India1.9%
Industry sector
1Fixed Interest90.4%
2Money Market9.6%
Asset type
1US Fixed Interest66.8%
2Money Market9.6%
3Global Fixed Interest4.5%
4UK Fixed Interest4.2%
5German Fixed Interest4%
6Canadian Fixed Interest3.2%
7Dutch Fixed Interest2.2%
8French Fixed Interest1.9%
9Indian Fixed Interest1.9%
Individual holdings
1FRONTIER COMMUNICATIONS 10.5% 20221.1%
2MORGAN STANLEY 5.55 % PERP1%
3CIT GROUP 5% 20220.9%
4BANK OF AMERICA 6.3% 20490.8%
5CCO HOLDINGS 5.125% 20230.8%
6CITIGROUP 6.125% PERP0.8%
7HCA INC 4.75% BDS 01/05/23 USD20000.8%
8SPRINT CORP 7.25% BDS 15/09/21 USD2000 144A0.8%
9T-MOBILE US INC 6.125% BDS 15/01/22 USD20000.8%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund aims to achieve long term growth from capital gains and the reinvestment of income generated by investing predominately in global high yielding bonds.The fund is actively managed by our investment team who may also invest in other bonds (such as investment grade corporate bonds and government bonds) issued anywhere in the world to try to take advantage of the oppurtunities they have identified.
Benchmark
  • Barclays Capital Global HY Corp Index with 2% Issuer Cap (Hedged to USD)
Investment style
High Yield
Investment method
None
Fund manager
NameSinceBiography
Erlend Lochen27/03/2012Erland Lochen joined Standard Life Investments in August 2001 as an Investment Director - Credit and in 2004 became the joint fund manager of the Higher Income Fund. Prior to joining Standard Life Investments, he worked with a number of companies in the credit arena, including Skandinaviska Enskilda Banken, Barclays Capital, London and Merrill Lynch.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life SLI Global High Yield Bond Pn S4
Initial charge-
Annual charge1.54%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.58%
Bid price-
Offer price-
Mid price124.1
CurrencyGBX
Price updated21/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code0WL1
Stan Life SLI Global High Yield Bond Pn SB
Initial charge-
Annual charge0.57%
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 price128.2
CurrencyGBX
Price updated21/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code0WL2
Data provided by

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