Fact sheet: Stan Life Schroder Stgc Cr Pn

Fund information
Fund name
Stan Life Schroder Strategic Credit Pn SB
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund manager
  • Peter Harveysince 03/04/2006
Underlying fund
Schroder Strategic Credit
Fund objective
The fund's investment objective is to provide a total return. The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • 3-month Treasury bills
Investment style
High Yield
Investment method
None
Quick stats
1 Year return
9.2%
1 Year rank in sector
113/167
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.
15
Top in this sector
Fund name1 Year
OMW AXA Framlington Mgd Inc16.2%
AXA Wealth AXA Fram Mgd Inc Pn16.1%
Canlife AXA Fram Mgd Inc Pn15.9%
L&G Artemis High Income Pn15%
LV= Artemis High Income Pn14.8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK46.4%
    Germany10.2%
    France8.9%
    USA5.2%
    Luxembourg4.4%
  • Industrials62.1%
    Financials24.7%
    Utilities6.1%
    Mortgage & Secured Bonds5.7%
    Government Agency Bonds0.7%
  • UK Fixed Interest46.4%
    German Fixed Interest10.2%
    French Fixed Interest8.9%
    US Fixed Interest5.2%
    Luxembourg Fixed Interest4.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%2.3%2.8%9.2%13.8%-
Sector0.8%2.5%1.2%10%13.2%35.3%
Rank within sector98 / 173105 / 17244 / 171113 / 16782 / 156-
Quartile3rd3rd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.3%6.3%3.3%2.8%-
Sector1.2%6.7%0.7%5.6%5.9%
Rank within sector81 / 17298 / 16713 / 162140 / 155-
Quartile2nd3rd1st4th
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.
1.44
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.
0.67
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.
0.3
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%.
2.51
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.
1.64
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.
0.06
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.
0.75
Price movement
52 week high117.6
52 week low107.7
Current bid price-
Current offer price-
Current mid price117.7
Region
1UK46.35%
2Germany10.24%
3France8.93%
4USA5.25%
5Luxembourg4.44%
6Netherlands4.26%
7Spain4.2%
8Italy3.17%
9Canada2.79%
Industry sector
1Industrials62.15%
2Financials24.65%
3Utilities6.1%
4Mortgage & Secured Bonds5.74%
5Government Agency Bonds0.7%
6Derivatives0.66%
7Money Market0.01%
Asset type
1UK Fixed Interest46.35%
2German Fixed Interest10.24%
3French Fixed Interest8.93%
4US Fixed Interest5.25%
5Luxembourg Fixed Interest4.44%
6Dutch Fixed Interest4.26%
7Spanish Fixed Interest4.2%
8Italian Fixed Interest3.17%
9Canadian Fixed Interest2.79%
Individual holdings
1BPCE SA FRN 06/03/17 GBP1000002.07%
2ABN AMRO BANK NV FRN 30/11/18 GBP1000001.84%
3SCHAEFFLER FINANCE BV 4.75% BDS 15/05/23 USD200000 144A1.54%
4SAINSBURY(J) 6.5% UNDATED BDS GBP1000 REG S1.42%
5DEUT PFANDBRIEFBANK AG FRN 13/01/20 GBP1000001.23%
6INFINIS PLC 7% BDS 15/02/19 GBP100000 REG S1.23%
7KONINKLIJKE KPN NV 6.875% BDS 14/03/73 GBP10001.22%
8HORIZON HOLDINGS III SASU BDS 01/08/22 EUR1000001.16%
9CABLE & WIRELESS INTERN FINANCE BV 8.625% BDS 25/MAR/2019 GBP100 '1077'1.11%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund's investment objective is to provide a total return. The fund invests in bonds issued by companies in the UK and Europe, with the flexibility to exploit opportunities across the fixed income spectrum to build a diversified portfolio of bonds. This will include bonds that have been awarded lower ratings from credit agencies, or no ratings at all. The fund also has the flexibility to invest outside Europe, and in bonds issued by governments or government agencies. The fund has no set target in respect of any country or sector but seeks to focus on investments which offer the most attractive returns. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • 3-month Treasury bills
Investment style
High Yield
Investment method
None
Fund manager
NameSinceBiography
Peter Harvey03/04/2006Peter Harvey joined Cazenove Capital in 2005 and is Head of Credit and manager of the Cazenove Strategic Debt Fund and the Morningstar OBSR Bronze rated Cazenove Strategic Bond Fund. Peter joined from F&C Management Ltd where he had been Head of UK Credit. He is a Director of Cazenove Capital and has 22 years’ experience analysing and investing in corporate debt. Peter graduated with a 2.1 degree from the University of St Andrews.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life Schroder Strategic Credit Pn S4
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.57%
Bid price-
Offer price-
Mid price114.3
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI47Z
Stan Life Schroder Strategic Credit Pn SB
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price117.7
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI48A
Data provided by

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