Fact sheet: StanLife Inv Gbl Hi Yd Bd

Fund information
Fund name
Standard Life Investments Global High Yield Bond A USD
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund managers
  • Matt Kencesince 01/01/2016
  • George Westerveltsince 01/01/2016
  • Arthur Milsonsince 01/01/2016
  • Erlend Lochensince 05/04/2010
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 exFin with 2% Issuer Cap
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
13.6%
1 Year rank in sector
39/74
Sector
FO Fixed Int - Global High Yield
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.44%
Fund size
£904m (£803m 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.
36
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld38.1%
Natixis LoomsSyles HInc30.1%
Franklin High Yield24%
NN (L) Gl HYd22.7%
Schroder ISFGbHiIBd22.2%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • USA67.1%
    Money Market6.7%
    Not Specified6.4%
    UK5.1%
    Germany4.3%
  • Fixed Interest93.3%
    Money Market6.7%
  • US Fixed Interest67.1%
    Money Market6.7%
    Global Fixed Interest6.4%
    UK Fixed Interest5.1%
    German Fixed Interest4.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%1.5%3.5%13.6%5.5%30.6%
Sector1.2%1.7%4.2%14%10.1%33%
Rank within sector39 / 8548 / 8049 / 7839 / 7448 / 6123 / 43
Quartile2nd3rd3rd3rd4th3rd
Calendar performance
 YTD - 20172016201520142013
Fund1%10.5%-3%-2%7.1%
Sector0.7%11.4%-2.5%1.4%5.2%
Rank within sector32 / 8540 / 7435 / 6755 / 6113 / 50
Quartile2nd3rd3rd4th2nd
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.
-1.99
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.
1.15
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%.
5.89
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.
2.28
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.
-0.68
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 high14.69
52 week low12.52
Current bid price-
Current offer price-
Current mid price14.7
Region
1USA67.1%
2Money Market6.7%
3Not Specified6.4%
4UK5.1%
5Germany4.3%
6Canada3.2%
7Netherlands2.6%
8France1.9%
9India1.6%
Industry sector
1Fixed Interest93.3%
2Money Market6.7%
Asset type
1US Fixed Interest67.1%
2Money Market6.7%
3Global Fixed Interest6.4%
4UK Fixed Interest5.1%
5German Fixed Interest4.3%
6Canadian Fixed Interest3.2%
7Dutch Fixed Interest2.6%
8French Fixed Interest1.9%
9Indian Fixed Interest1.6%
Individual holdings
1HCA INC 4.75% BDS 01/05/23 USD20001.3%
2MORGAN STANLEY 5.55 % PERP1.3%
3CITIGROUP 6.125% PERP1.2%
4CCO HOLDINGS 5.125% 20231.1%
5T-MOBILE US INC 6.125% BDS 15/01/22 USD20001%
6ALLY FINANCIAL INC 5.75% BDS 20/11/25 USD10000.9%
7CIT GROUP 5% 20220.9%
8FRONTIER COMMUNICATIONS 10.5% 20220.9%
9BANK OF AMERICA 6.3% 20490.8%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Investments GS
Fund type
Offshore 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 exFin with 2% Issuer Cap
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Matt Kence01/01/2016
George Westervelt01/01/2016
Arthur Milson01/01/2016Arthur Milson is an Investment Director with Standard Life Investments. He jointly manages the Higher Income Fund and the European High Yield Fund. He joined Standard Life Investments in June 2006 from HBOS. There he worked initially in leveraged finance, providing debt funding to private equity backed MBO deals. Latterly, he was a member of the Bank's Integrated Finance team, specialising in the debt and equity financing of buyouts.
Erlend Lochen05/04/2010Erland 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
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, United Kingdom, Luxembourg, Offshore
Standard Life Investments Global High Yield Bond A Acc HKD
Initial charge-
Annual charge1.35%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price112.8076
CurrencyHKD
Price updated15/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIWX4
Standard Life Investments Global High Yield Bond A Hedged Acc EUR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.4348
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG3BI
Standard Life Investments Global High Yield Bond A Hedged GBP
Initial charge5%
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.43%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.9982
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code042G
Standard Life Investments Global High Yield Bond A USD
Initial charge5%
Annual charge1.35%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.44%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14.7016
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIQG7
Standard Life Investments Global High Yield Bond D Acc HKD
Initial charge5%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price119.4557
CurrencyHKD
Price updated15/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMPZ5
Standard Life Investments Global High Yield Bond D Dis USD
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.6862
CurrencyUSD
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFPFC
Standard Life Investments Global High Yield Bond D Hedged Acc EUR
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.8938
CurrencyEUR
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG3BJ
Standard Life Investments Global High Yield Bond D Hedged Dis CHF
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.6201
CurrencyCHF
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFSAT
Standard Life Investments Global High Yield Bond D Hedged Dis GBP
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.9053
CurrencyGBP
Price updated16/01/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFSAS
Standard Life Investments Global High Yield Bond D Hedged GBP
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.5729
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code042H
Standard Life Investments Global High Yield Bond D USD
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.5781
CurrencyUSD
Price updated16/01/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIQG8
Standard Life Investments Global High Yield Bond Z Hedged Acc HKD
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 price124.2516
CurrencyHKD
Price updated15/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMBU2
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.