Fact sheet: Stand Life Inv Prop Inc Tst

Fund information
Fund name
Standard Life Investments Property Income Trust
Fund manager company
StandardLife Investments
Fund type
Investment Trust
Fund managers
  • Jason Baggaleysince 01/09/2006
Accolades
Fund objective
To provide an attractive level of income along with the prospect of income and capital growth from investing in a diversified UK commercial property portfolio. The Company invests in the three principal commercial property sectors: office, retail (including leisure) and industrial but may also invest up to 10 per cent in other commercial property and undertake property development (including speculative property development) up to 10 per cent of gross assets.The Company can invest up to 10 per cent in indirect property vehicles or funds.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
Physical
Quick stats
1 Year return
9%
1 Year rank in sector
3/11
Sector
IT Property - Direct UK
Yield
5.5%
Fund size
£325m
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.
107
Mid price
85.5
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
80.7
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
+5.95
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
145
Top in this sector
Fund name1 Year
Regional REIT Limited15%
Picton Prop Inc Ltd9.6%
Stand Life Inv Prop Inc Tst9%
Custodian REIT PLC Ord 1P8.3%
F&C Commercial Property7.5%
...more in IT Property - Direct UK

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund4.5%5.1%4.5%9%45.4%122.5%
Sector3%4.3%3.6%5.5%32.2%66.6%
Rank within sector4 / 116 / 114 / 113 / 112 / 63 / 6
Quartile2nd3rd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.7%15.3%18.8%29.2%21.1%
Sector4.3%7.8%16.5%29.8%1%
Rank within sector5 / 111 / 85 / 64 / 62 / 6
Quartile2nd1st4th3rd2nd
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.
2.09
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.
1.17
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.
0.97
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%.
10.85
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.
7.21
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.
0.48
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.
0.57
Price movement
52 week high88.5
52 week low68.25
Current bid price85.5
Current offer price85.75
Current mid price85.5
Region
1UK100%
Industry sector
1Industrial - Property41%
2Offices - Property35%
3Warehouse - Property15%
4Retail - Property9%
Asset type
1Property100%
Individual holdings
No data available.
Management
Fund manager group
Standard Life Investments
Fund manager company
StandardLife Investments
Fund type
Investment Trust
Fund objective
To provide an attractive level of income along with the prospect of income and capital growth from investing in a diversified UK commercial property portfolio. The Company invests in the three principal commercial property sectors: office, retail (including leisure) and industrial but may also invest up to 10 per cent in other commercial property and undertake property development (including speculative property development) up to 10 per cent of gross assets.The Company can invest up to 10 per cent in indirect property vehicles or funds.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
Physical
Fund managers
NameSinceBiography
Jason Baggaley01/09/2006Jason is a qualified chartered surveyor with 17 years Real Estate fund management experience. Jason has been with Standard Life Investments for 11 years, and for the last 5 years has been the fund manager of 2 segregated pension funds
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Standard Life Investments Property Income Trust
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 price79
CurrencyGBX
Price updated30/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNNDV
Data provided by

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