Fact sheet: Stratton Street Renminbi Bond

Fund information
Fund name
Stratton Street Renminbi Bond B USD
Fund manager company
Stratton Street Capital LLP
Fund type
OEIC
Fund managers
  • Andy Seamansince 30/11/2007
  • Mark Johnssince 30/11/2007
Fund objective
The fund achieve long-term absolute returns through a combination of income and short to medium term capital growth from diversified investments in transferable debt securities issued or guaranteed by governments or government agencies and corporate borrowers in debt markets in Asia, denominated in both foreign and local currencies.
Benchmark
  • HSBC CNH BOND INDEX (USD)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
11.5%
1 Year rank in sector
13/26
Sector
FO Fixed Int - Asia Pacific
Yield
-
Fund size
£53m
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.
77
Top in this sector
Fund name1 Year
Aberdeen Gbl AsLCuShDuBd23.6%
LM WAAsnOpp15.6%
Fidelity Asian Hi Yd15.4%
Eastspring Inv AnLlBd15.2%
Threadneedle (L)FlexAsnBd14.8%
...more in FO Fixed Int - Asia Pacific

Performance snapshot

Holdings snapshot

  • Qatar23.5%
    China22.6%
    USA17.6%
    United Arab Emirates12.9%
    Russia9.6%
  • AA44.1%
    A26.9%
    AAA17.6%
    BBB11.4%
  • GCC Fixed Interest42.9%
    Chinese Fixed Interest22.6%
    US Fixed Interest17.6%
    Russian Fixed Interest9.6%
    Hong Kong Fixed Interest4.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%4.1%6%11.5%19.4%-
Sector0.1%3.1%5.6%10.2%11.1%21.2%
Rank within sector21 / 296 / 2910 / 2713 / 267 / 23-
Quartile3rd1st2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund12.7%-0.5%4.9%-0.7%-
Sector8.5%-2%3.7%-3.3%11.1%
Rank within sector4 / 2715 / 2511 / 235 / 22-
Quartile1st3rd2nd1st
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.
1.64
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.
1.33
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.
0.48
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%.
7.7
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.
5.29
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.
0.54
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.
0.56
Price movement
52 week high129.19
52 week low110.86
Current bid price-
Current offer price-
Current mid price128.34
Region
1Qatar23.45%
2China22.64%
3USA17.63%
4United Arab Emirates12.94%
5Russia9.63%
6Saudi Arabia5.62%
7Hong Kong4.12%
8Singapore2.21%
9Oman0.9%
Industry sector
1AA44.06%
2A26.92%
3AAA17.63%
4BBB11.39%
Asset type
1GCC Fixed Interest42.91%
2Chinese Fixed Interest22.64%
3US Fixed Interest17.63%
4Russian Fixed Interest9.63%
5Hong Kong Fixed Interest4.12%
6Singapore Fixed Interest2.21%
7Indian Fixed Interest0.86%
Individual holdings
No data available.
Management
Fund manager group
Stratton Street Capital
Fund manager company
Stratton Street Capital LLP
Fund type
OEIC
Fund objective
The fund achieve long-term absolute returns through a combination of income and short to medium term capital growth from diversified investments in transferable debt securities issued or guaranteed by governments or government agencies and corporate borrowers in debt markets in Asia, denominated in both foreign and local currencies.
Benchmark
  • HSBC CNH BOND INDEX (USD)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Andy Seaman30/11/2007Andrew is currently the manager of the Stratton Street Asian Bond Fund which was awarded as the Best Fixed Income Hedge Fund in 2008 by Asian Investor magazine, and also manages the firm’s Renminbi Bond Fund. Andrew has 21 years experience in the fund management industry, and has been managing mutual funds since 1990. Andrew was manager of the Stellar High Yield Hedge Fund from its launch in October 2001 to June 2004, with Mark Johns and Paul Brain. Previously, whilst at Investec, in January 1998, Andrew took over responsibility for the companies High Income Funds, managing Investec’s Global High Income Bond Fund, European High Income Bond Fund and US Dollar High Income Bond Fund. The latter fund was the number one fund in its sector in 1998,1999 & 2000, and ranked in the top ten in the Wall St. Journal’s European quarterly performance tables on 11 occasions between Q2 1999 and Q1 2001. Andrew was awarded Wall Street Journal’s European fixed interest manager of the year in 1993, with the number one ranked fund. Andrew’s two other European bond funds also ranked in the top ten. He joined Guinness Mahon & Co. Limited in 1987 before moving to Guinness Flight in 1988. Initially Andrew managed the firm’s money funds before taking over responsibility for Guinness Flight’s European bond funds in December 1992. Andrew has a BSc in Financial Economics.
Mark Johns30/11/2007Mark Johns has been managing client money since the late ‘80s and has worked together with Andy Seaman since 1997. They have received numerous awards for their fund management expertise. Prior to becoming a partner at Stratton Street Mark was at Investec managing mainly institutional fixed income portfolios based in sterling, dollars and euros. Mark joined Hambros in 1986 and in 1989 he became part of the fund management team where he was responsible for a number of retail funds, institutional accounts and a leveraged corporate bond fund. The team also managed central government accounts and pension funds.
Compliance
Transparent for Swiss Tax, Distributor Status, Reporting Fund Status, UCIS
Domicile
No data available.
Fund for sale in
United Kingdom, Guernsey, Offshore
Stratton Street Renminbi Bond A AUD
Initial charge3%
Annual charge1%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price129.26
CurrencyAUD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGNTY
Stratton Street Renminbi Bond A CHF
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.9
CurrencyCHF
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z62
Stratton Street Renminbi Bond A CNH
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.79
CurrencyCNH
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z61
Stratton Street Renminbi Bond A EUR
Initial charge3%
Annual charge1%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price115.12
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBFI0
Stratton Street Renminbi Bond A GBP
Initial charge3%
Annual charge1%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price171.16
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBFH7
Stratton Street Renminbi Bond A JPY
Initial charge3%
Annual charge1%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price21349
CurrencyJPY
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBFH9
Stratton Street Renminbi Bond A SGD
Initial charge3%
Annual charge1%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.46%
Bid price-
Offer price-
Mid price169.77
CurrencySGD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBFH8
Stratton Street Renminbi Bond A USD
Initial charge3%
Annual charge1%
Min single investment£100,000
Min regular saving£10,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price176.94
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeBFH6
Stratton Street Renminbi Bond B AUD
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price131.2
CurrencyAUD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeGNTZ
Stratton Street Renminbi Bond B CHF
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price122.68
CurrencyCHF
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z64
Stratton Street Renminbi Bond B CNH
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.47
CurrencyCNH
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z63
Stratton Street Renminbi Bond B EUR
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price125.18
CurrencyEUR
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z69
Stratton Street Renminbi Bond B GBP
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.42
CurrencyGBP
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z66
Stratton Street Renminbi Bond B JPY
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price14428.33
CurrencyJPY
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z68
Stratton Street Renminbi Bond B SGD
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.18
CurrencySGD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z67
Stratton Street Renminbi Bond B USD
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price128.34
CurrencyUSD
Price updated27/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0Z65
Data provided by

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