Fact sheet: Waverton Sterling Bond

Fund information
Fund name
Waverton Sterling Bond A GBP
Fund manager company
Waverton Investment Management
Fund type
OEIC
Fund managers
  • Jeff Keensince 11/01/2010
  • Chun Leesince 01/11/2011
Fund objective
The investment objective of this fund is to achieve capital growth and income through investment in UK and international government and corporate bonds.
Benchmark
  • FTSE GILTS ALL STOCKS
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
3.9%
1 Year rank in sector
-
Sector
FO Fixed Int - GBP Investment Grade
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.
0.91%
Fund size
£129m (£134m 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.
23
Top in this sector
Fund name1 Year
MGI UK Inflation Lkd Bd20.3%
GAM Star Credit Opps £8.8%
MGI UK Bond8.7%
JPM Sterling Bond8.5%
Sanlam Strategic Bond7.8%
...more in FO Fixed Int - GBP Investment Grade

Performance snapshot

Holdings snapshot

  • International92.6%
    Money Market7.4%
  • Financials68.6%
    Government Bonds17.8%
    Money Market7.4%
    Cyclical Consumer Goods4%
    Energy1.3%
  • Global Fixed Interest92.6%
    Money Market7.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-3.3%2.7%3.9%8.3%23%
Sector-1.2%-4%3%6.3%16.9%34.4%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund4%1%2.8%3.6%9.1%
Sector7.6%0.7%7.9%1.3%11.8%
Rank within sector-----
Quartile
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.
0.08
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.
0.52
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
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%.
3.5
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.
3.38
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.
0.45
Price movement
52 week high9.81
52 week low9.09
Current bid price-
Current offer price-
Current mid price9.37
Region
1International92.6%
2Money Market7.4%
Industry sector
1Financials68.6%
2Government Bonds17.8%
3Money Market7.4%
4Cyclical Consumer Goods4%
5Energy1.3%
6Communications0.9%
Asset type
1Global Fixed Interest92.6%
2Money Market7.4%
Individual holdings
1UK LONG GILT12%
2LLOYDS BANK7.4%
3BARCLAYS BANK5.2%
4STANDARD CHARTERED4.8%
5RABOBANK4.4%
6PERSHING SQUARE4.2%
7PHOENIX CAPITAL4.1%
8SWISS RE4.1%
9UBS3.2%
Management
Fund manager group
Waverton Investment Management
Fund manager company
Waverton Investment Management
Fund type
OEIC
Fund objective
The investment objective of this fund is to achieve capital growth and income through investment in UK and international government and corporate bonds.
Benchmark
  • FTSE GILTS ALL STOCKS
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jeff Keen11/01/2010Jeff Keen joined JOHIM as a Director and co-head of Fixed Income in June 2009 and is the lead manager for the Waverton Global Bond Fund and the JOHIM Sterling Bond Fund. After graduation from Bristol University in 1984 he joined the Colonial Mutual which became Colonial First State. Whilst there he managed funds across a range of asset classes before becoming Head of UK Equities. In 1999 he moved to TriAlpha Investment Advisors where he became CIO and Chairman of the asset allocation committee and lead manager on their Global Bond mandates including the TriAlpha International Bond Fund.
Chun Lee01/11/2011Jeff Keen joined JOHIM as a Director and co-head of Fixed Income in June 2009. He is Chairman of the JOHIM Asset Allocation Committee. After graduation from Bristol University in 1984 he joined the Colonial Mutual (which became First State) and whilst there he managed funds across a range of asset classes before becoming Head of UK Equities. In 1999 he moved to TriAlpha Investment Advisors and was CIO and Chairman of the Asset Allocation committee as well as lead manager on their global bond mandates including the TriAlpha International Bond Fund.
Compliance
IA Recognised, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Ireland, Offshore
Waverton Sterling Bond A GBP
Initial charge5%
Annual charge0.75%
Min single investment£1,500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.92%
Bid price-
Offer price-
Mid price9.368
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeI3G5
Waverton Sterling Bond B GBP
Initial charge5%
Annual charge1.25%
Min single investment£1,500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.41%
Total expense ratio (TER)1.43%
Bid price-
Offer price-
Mid price9.081
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI3G6
Waverton Sterling Bond P GBP
Initial charge5%
Annual charge0.4%
Min single investment£1,500
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.56%
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price9.403
CurrencyGBP
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeK0ZN
Data provided by

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