Fact sheet: Virgin Income

Fund information
Fund name
Virgin Income
Fund manager company
Virgin Money Unit Tst Mgr Ltd
Fund type
Unit Trust
Fund manager
  • State Street Global Advisorssince 26/06/2006
Fund objective
The investment objective of the Trust is to provide a level of income slightly above that which would be achieved by a fund invested solely in gilt-edged securities.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
3.2%
1 Year rank in sector
61/77
Sector
UT Sterling Strategic Bond
Yield
1.3%
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%
Fund size
£464m (£420m 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.
42
Bid price
127.3
Offer price
127.3
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK98.6%
    Money Market1.5%
  • UK Gilts50.1%
    Eurosterling Bonds48.4%
    Net Current Assets1.5%
  • UK Gilts50.1%
    UK Corporate Fixed Interest48.4%
    Money Market1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-5.7%0.2%3.2%12.3%17.8%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector44 / 8364 / 8279 / 8261 / 7740 / 7156 / 60
Quartile3rd4th4th4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund5%-2.2%11.4%-5.5%6.7%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector46 / 7769 / 7412 / 7264 / 6454 / 61
Quartile3rd4th1st4th4th
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.
-0.22
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.
1.06
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.
0.1
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%.
6.14
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.
5.06
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.
-0.02
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.
0.32
Price movement
52 week high136.3
52 week low121.6
Current bid price127.3
Current offer price127.3
Current mid price-
Region
1UK98.55%
2Money Market1.45%
Industry sector
1UK Gilts50.11%
2Eurosterling Bonds48.44%
3Net Current Assets1.45%
Asset type
1UK Gilts50.11%
2UK Corporate Fixed Interest48.44%
3Money Market1.45%
Individual holdings
1TREASURY 4.75% GILT 07/12/30 GBP5.93%
2TREASURY 5% GILT 20255.91%
3TREASURY 4% GILT 07/03/22 GBP0.01 WI5.75%
4TREASURY 4.25% GILT 7/12/20275.11%
5TREASURY 3.75% GILT 07/09/21 GBP4.21%
6TREASURY 8% GILT 20214.18%
7TREASURY 1.75% GILT 07/09/22 GBP0.013.9%
8UK TREASURY 2.75% 07/09/20243.85%
9TREASURY 2.25% GILT 07/09/23 GBP3.8%
Management
Fund manager group
Virgin Money Unit Tst Mgr
Fund manager company
Virgin Money Unit Tst Mgr Ltd
Fund type
Unit Trust
Fund objective
The investment objective of the Trust is to provide a level of income slightly above that which would be achieved by a fund invested solely in gilt-edged securities.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
State Street Global Advisors26/06/2006State Street Global Advisors (SSgA), one of the industry's largest institutional asset managers, is the investment management arm of State Street Bank and Trust Company, a wholly owned subsidiary of State Street Corporation, a leading provider of financial services to institutional investors.They employ a diverse group of investment professionals within our 26 worldwide locations and 10 investment centers. As an organization, they are committed to corporate social responsibility. Active engagement with our communities around the world, both as a partner and a leader, is a fundamental value at State Street.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Virgin Income
Initial charge-
Annual charge1%
Min single investment£1
Min regular saving£1
Available in ISAYes
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price127.3
Offer price127.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeVI02
Data provided by

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