Fact sheet: Stan Life SLI Higher Income Pn

Fund information
Fund name
Stan Life SLI Higher Income Pn S4
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund managers
  • Erlend Lochensince 03/03/2006
  • Alasdair MacLeansince 03/03/2006
Underlying fund
Stan Life Inv Higher Inc
Fund objective
The fund is invested in the Standard Life Investments Higher Income Fund which aims to provide a significantly higher level of income than that available on gilts by investing mainly in Sterling and Euro denominated sub-investment grade corporate 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) to try to take advantage of the opportunities they have identified.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.2%
1 Year rank in sector
35/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£45m (£46m 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.
25
Top in this sector
Fund name1 Year
L&G High Income Pn13.3%
OMW IPLPimUsHiYiBdPn12%
Aviva Invtec M High Inc Pn11.3%
Aviva JPM Gbl HighYldBd Pn11%
SIP JPM Gbl Hi Yd Bd Pn10.7%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK100%
  • Industrials37.5%
    Telecom, Media & Technology16.8%
    Financials14.1%
    Consumer Services10.9%
    Others5.8%
  • UK Fixed Interest100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.3%3.9%7.2%14.9%50.6%
Sector0.1%-0.5%4.5%8.3%15.2%46.5%
Rank within sector21 / 5721 / 5732 / 5735 / 5616 / 4916 / 46
Quartile2nd2nd3rd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8%2.2%3.6%9.7%20.3%
Sector9.9%-0.1%4.4%6.8%19.3%
Rank within sector41 / 5611 / 5424 / 494 / 4917 / 46
Quartile3rd1st2nd1st2nd
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.
0.33
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.
0.93
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.
0.27
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%.
4.27
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.
1.57
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.
-0.01
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.
0.87
Price movement
52 week high178.2
52 week low158.8
Current bid price-
Current offer price-
Current mid price177.9
Region
1UK100%
Industry sector
1Industrials37.5%
2Telecom, Media & Technology16.8%
3Financials14.1%
4Consumer Services10.9%
5Others5.8%
6Paper - Packaging & Printing5.1%
7Services3.4%
8Transport3.3%
9Food, Beverages and Tobacco2%
Asset type
1UK Fixed Interest100%
Individual holdings
No data available.
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund is invested in the Standard Life Investments Higher Income Fund which aims to provide a significantly higher level of income than that available on gilts by investing mainly in Sterling and Euro denominated sub-investment grade corporate 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) to try to take advantage of the opportunities they have identified.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Erlend Lochen03/03/2006Erland 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.
Alasdair MacLean03/03/2006Alasdair joined us in March 2003 as a European credit analyst. Prior to that he worked for Citibank, overseeing local currency fixed income in Russia and other emerging markets, and for DLJ's in the High-Yield Research team. Alasdair fulfilled a similar role as a Director of High-Yield Research at CIBC World Markets, where he was also involved in the marketing of new issues to fund managers across Europe. In addition to managing our Ethical Corporate Bond Fund, he manages the Select Income Fund and is joint manager of the Higher Income Fund.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life SLI Higher Income Pn S2
Initial charge-
Annual charge0.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.46%
Bid price-
Offer price-
Mid price200.686
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codePZ32
Stan Life SLI Higher Income Pn S3
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.41%
Bid price-
Offer price-
Mid price169.9
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK478
Stan Life SLI Higher Income Pn S4
Initial charge-
Annual charge1.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price177.9
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE769
Stan Life SLI Higher Income Pn S5
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price205.6164
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE721
Data provided by

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