Fact sheet: Stan Life SLI Shrt Duratn Cr Pn

Fund information
Fund name
Stan Life SLI Short Duration Credit Pn S3
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund managers
  • Daniel McKernansince 01/12/2013
  • Mark Munrosince 01/03/2014
Underlying fund
Stan Life Inv Short Dur Cr
Fund objective
The fund is invested in the Standard Life Investments Short Duration Credit Fund which 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.
Benchmark
  • Barclays £ Collateralised & Corp index (hedged to 2 Yrs duration)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.9%
1 Year rank in sector
251/259
Sector
PN Sterling Corporate 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.
18
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn13.4%
MetLife Fid Corp Bd 20yr Pn12.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn11.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn11.3%
FL TEActv Bln Bd IE11.1%
...more in PN 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%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-1.2%2.6%2.9%6.1%30.8%
Sector-1.4%-5.1%3.2%6.5%18.1%39.4%
Rank within sector15 / 26413 / 264176 / 264251 / 259227 / 234197 / 209
Quartile1st1st3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.2%-0.4%3.9%3.1%15.5%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector250 / 259190 / 245226 / 23444 / 22558 / 209
Quartile4th4th4th1st2nd
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.
-0.49
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.
0.43
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%.
3.24
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.
3.79
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.
-0.96
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.
0.5
Price movement
52 week high153.7
52 week low142.8
Current bid price-
Current offer price-
Current mid price151.6
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 Assurance Co
Fund type
Pension Fund
Fund objective
The fund is invested in the Standard Life Investments Short Duration Credit Fund which 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.
Benchmark
  • Barclays £ Collateralised & Corp index (hedged to 2 Yrs duration)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life SLI Short Duration Credit 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)1.43%
Bid price-
Offer price-
Mid price151.6
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCXF6
Stan Life SLI Short Duration Credit 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)1.43%
Bid price-
Offer price-
Mid price151.3
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCXF7
Data provided by

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