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
5.2%
1 Year rank in sector
67/168
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.
16
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Aviva Art Strategic Bd Pn8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK49.2%
    France9.1%
    Germany8.6%
    Luxembourg5.9%
    USA5.6%
  • Industrials66%
    Financials23.9%
    Utilities5.8%
    Money Market3.2%
    Mortgage & Secured Bonds3.2%
  • UK Fixed Interest49.2%
    French Fixed Interest9.1%
    German Fixed Interest8.6%
    Luxembourg Fixed Interest5.9%
    US Fixed Interest5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0.1%2.7%5.2%12.3%-
Sector-0.6%-1.6%2.7%4.7%12.7%39.1%
Rank within sector43 / 17230 / 17282 / 17267 / 16892 / 155-
Quartile1st1st2nd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.5%3.3%2.8%--
Sector5.5%0.7%5.6%5.9%15.8%
Rank within sector82 / 16813 / 163140 / 155--
Quartile2nd1st4th
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.
1.21
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.
0.66
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.
0.15
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%.
2.47
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.
1.68
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.
-0.08
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.
0.73
Price movement
52 week high115.7
52 week low106.9
Current bid price-
Current offer price-
Current mid price115.3
Region
1UK49.22%
2France9.09%
3Germany8.56%
4Luxembourg5.89%
5USA5.55%
6Spain4.22%
7Italy3.23%
8Money Market3.22%
9Ireland2.61%
Industry sector
1Industrials66.02%
2Financials23.94%
3Utilities5.81%
4Money Market3.22%
5Mortgage & Secured Bonds3.16%
6Government Agency Bonds0.62%
7Derivatives-2.77%
Asset type
1UK Fixed Interest49.22%
2French Fixed Interest9.09%
3German Fixed Interest8.56%
4Luxembourg Fixed Interest5.89%
5US Fixed Interest5.55%
6Spanish Fixed Interest4.22%
7Italian Fixed Interest3.23%
8Money Market3.22%
9Irish Fixed Interest2.61%
Individual holdings
1BPCE SA FRN 06/03/17 GBP1000002.11%
2VIRGIN MEDIA SECURED FINANCE PLC 6% BDS 15/04/21 GBP1000 REG S1.77%
3SAINSBURY(J) 6.5% UNDATED BDS GBP1000 REG S1.41%
4SCHAEFFLER FINANCE BV 4.75% BDS 15/05/23 USD200000 144A1.41%
5UNITYMEDIA HESSEN / NRW 5.5% BDS 15/01/23 USD200000 144A1.29%
6INFINIS PLC 7% BDS 15/02/19 GBP100000 REG S1.21%
7PLAY FINANCE 2 SA 5.25% NTS 01/02/19 EUR100000 REG S1.18%
8HORIZON HOLDINGS III SASU BDS 01/08/22 EUR1000001.16%
9CABLE & WIRELESS INTERN FINANCE BV 8.625% BDS 25/MAR/2019 GBP100 '1077'1.15%
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 charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price112.1
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI47Z
Stan Life Schroder Strategic Credit Pn SB
Initial charge-
Annual charge0.48%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price115.3
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI48A
Data provided by

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