Fact sheet: StanLife Inv GblInflnLkdBd

Fund information
Fund name
Standard Life Investments Global Inflation Linked Bond A USD
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund managers
  • Katy Forbessince 31/03/2015
  • Adam Skerrysince 31/03/2015
Fund objective
The fund aims to provide a long term real return in USD from a combination of income and capital growth by investing predominantly in sovereign-issued and corporate inflation-linked bonds. The fund is actively managed by our investment team who may also invest in other bonds (such as conventional government bonds and investment grade corporate bonds) and money market instruments such as Certificates of Deposits (CDs) and Floating Rate Notes (FRNs) to try to take advantage of opportunities they have identified.
Benchmark
  • Barclays World Govt Inflation Linked Index
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
7.3%
1 Year rank in sector
29/295
Sector
FO Fixed Int - Global
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.
1.19%
Fund size
£236m (£168m 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.
40
Top in this sector
Fund name1 Year
Capital Group GHIOL33.6%
Dodge & Cox Global Bond25.9%
HSBC GIF Gbl AsBk Bd24.3%
Morg Stnly Gbl Mrtg Securts23.8%
Russell Gbl Bd22.8%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA46.3%
    UK27.2%
    France7.6%
    Italy5.5%
    Canada2.8%
  • AAA86.9%
    AA11.1%
    BBB1.1%
    Non-Rated0.5%
    A0.4%
  • US Fixed Interest46.3%
    UK Fixed Interest27.2%
    French Fixed Interest7.6%
    Italian Fixed Interest5.5%
    Canadian Fixed Interest2.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.5%-3.4%3.5%7.3%14.5%14.5%
Sector-1.8%-2.2%0.6%3.2%5.9%13.5%
Rank within sector230 / 315212 / 31248 / 30729 / 29541 / 23685 / 169
Quartile3rd3rd1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.4%-1.6%7.9%-5.9%4.5%
Sector3.9%-1.6%3.7%-1.6%8.2%
Rank within sector29 / 299169 / 27550 / 236180 / 206126 / 171
Quartile1st3rd1st4th3rd
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.
1.5
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.
1.52
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.
0.14
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%.
5.55
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.
3.85
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.
0.62
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.
0.58
Price movement
52 week high16.32
52 week low14.35
Current bid price-
Current offer price-
Current mid price15.58
Region
1USA46.3%
2UK27.2%
3France7.6%
4Italy5.5%
5Canada2.8%
6Japan2.5%
7Germany2.1%
8New Zealand1.7%
9Denmark1.3%
Industry sector
1AAA86.9%
2AA11.1%
3BBB1.1%
4Non-Rated0.5%
5A0.4%
Asset type
1US Fixed Interest46.3%
2UK Fixed Interest27.2%
3French Fixed Interest7.6%
4Italian Fixed Interest5.5%
5Canadian Fixed Interest2.8%
6Japanese Fixed Interest2.5%
7German Fixed Interest2.1%
8New Zealand Fixed Interest1.7%
9Danish Fixed Interest1.3%
Individual holdings
1US (GOVT OF) 2% IL 20262.8%
2US (GOVT OF) 0.125% IL 20222.5%
3US TREASURY i/l 1.125%/11-1501212.3%
4UNITED STATES OF AMER TREAS NOTES 0.375% TB 15/07/25 USD10002.2%
5UNITED STATES OF AMER TREAS NOTES 0.25% TB 15/01/25 USD10002.1%
6CANADA(GOVT OF) 4% INDEX-LINKED BDS 1/12/2031(VAR)2%
7UNITED STATES OF AMER TREAS BONDS 1.375% NTS 15/02/44 USD10002%
8US (GOVT OF) 1.875% IL 20192%
9TREASURY 0.125% IDX LKD GILT 22/3/44 GBP0.011.8%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Investments GS
Fund type
Offshore Fund
Fund objective
The fund aims to provide a long term real return in USD from a combination of income and capital growth by investing predominantly in sovereign-issued and corporate inflation-linked bonds. The fund is actively managed by our investment team who may also invest in other bonds (such as conventional government bonds and investment grade corporate bonds) and money market instruments such as Certificates of Deposits (CDs) and Floating Rate Notes (FRNs) to try to take advantage of opportunities they have identified.
Benchmark
  • Barclays World Govt Inflation Linked Index
Investment style
Active
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Katy Forbes31/03/2015Katy Forbes, Investment Director, joined the Real Returns team in 2008 and has been a secondary manager on Global Index Linked Bond portfolios since then. Katy has been a manager on our Absolute Return Global Bond Strategies fund since 2012 and also has responsibility for some UK index linked bond portfolios. As part of her absolute return role Katy sits on the Strategic Investment Group. Katy joined the Fixed Income team in 2008 with previous experience in derivatives execution, capital markets and risk. Katy holds the Chartered Financial Analyst designation.
Adam Skerry31/03/2015Adam Skerry – Portfolio Manager, Working in the industry since 1998. Adam is responsible for the management of inflation-linked bond portfolios and idea generation across a range of inflation, nominal government bond and multi-asset funds. Adam joined Standard Life Investments as an Investment Director on the Real Returns team in March 2011. Adam began his career in 1998 at PricewaterhouseCoopers and then moved onto other investment management roles at Henderson Global Investors, Saxon Financial, and Baring Asset Management. Adam has three years investment experience at Standard Life Investments with 15 years’ experience in the industry. Professional qualifications include ASIP, IMC and a BA (Hons).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, Germany, United Kingdom, Hong Kong, Luxembourg, Offshore, Singapore
Standard Life Investments Global Inflation Linked Bond A HKD
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price120.8203
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI253
Standard Life Investments Global Inflation Linked Bond A Hedged EUR
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price11.8352
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code042I
Standard Life Investments Global Inflation Linked Bond A Hedged GBP
Initial charge5%
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.3074
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0T3W
Standard Life Investments Global Inflation Linked Bond A Hedged SEK
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price122.3688
CurrencySEK
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code03D5
Standard Life Investments Global Inflation Linked Bond A USD
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£500
Available in ISANo
Ongoing charge (OCF)1.19%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.5777
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeEJB9
Standard Life Investments Global Inflation Linked Bond D HKD
Initial charge5%
Annual charge0.5%
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 price128.49
CurrencyHKD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEPZ0
Standard Life Investments Global Inflation Linked Bond D Hedged EUR
Initial charge5%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price12.1827
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code042J
Standard Life Investments Global Inflation Linked Bond D Hedged GBP
Initial charge5%
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.66%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.6031
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0T3X
Standard Life Investments Global Inflation Linked Bond D Hedged SEK
Initial charge5%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price125.9244
CurrencySEK
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code03D6
Standard Life Investments Global Inflation Linked Bond D Hedged SGD
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 price9.9609
CurrencySGD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEAOI
Standard Life Investments Global Inflation Linked Bond D USD
Initial charge5%
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.65%
Total expense ratio (TER)0.61%
Bid price-
Offer price-
Mid price16.5666
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEIZ0
Data provided by

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