Fact sheet: F&C Strategic Bond

Fund information
Fund name
F&C Strategic Bond C Inc
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund managers
  • Keith Pattonsince 01/12/2012
  • Rebecca Seabrooksince 19/11/2009
Fund objective
The fund aims to deliver a return through a combination of income and capital growth primarily through investment in corporate bonds but also sovereigns and supranationals. Derivatives may be used to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
0.4%
1 Year rank in sector
71/81
Sector
UT Sterling Strategic Bond
Yield
1.1%
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.
0.69%
Fund size
£127m (£137m 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.
18
Mid price
52.05
Top in this sector
Fund name1 Year
GAM Credit Opportunities GBP11.1%
Man GLG Stgc Bd7.7%
TwentyFour Dyn Bd6.9%
Old Mutual Bond 16.9%
EdenTree Amity Sterling Bd6.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK94.9%
    Money Market5.1%
  • Consumer Goods21.1%
    Banks20.7%
    Others12.2%
    Industrials8.8%
    Telecommunications7.9%
  • UK Fixed Interest94.9%
    Money Market5.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%0.4%-0.5%0.4%2.4%8.7%
Sector-1.7%-0.7%-0.9%2.6%8.6%21.1%
Rank within sector2 / 8513 / 8439 / 8271 / 8171 / 7564 / 67
Quartile1st1st2nd4th4th4th
Calendar performance
 YTD - 20182017201620152014
Fund0.3%0.2%3.1%0.6%2.5%
Sector-1.6%4.9%7.3%-0.3%6.8%
Rank within sector2 / 8580 / 8172 / 7623 / 7368 / 72
Quartile1st4th4th2nd4th
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.
-0.76
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.
0.53
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%.
2.56
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.
2.4
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.
-0.96
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.
0.44
Price movement
52 week high52.79
52 week low51.77
Current bid price-
Current offer price-
Current mid price52.05
Region
1UK94.9%
2Money Market5.1%
Industry sector
1Consumer Goods21.07%
2Banks20.69%
3Others12.22%
4Industrials8.83%
5Telecommunications7.88%
6Non-Cyclical Goods5.98%
7Insurance5.22%
8Money Market5.1%
9Mortgage & Secured Bonds4.65%
Asset type
1UK Fixed Interest94.9%
2Money Market5.1%
Individual holdings
1UK TSY BONDS REGS MAY 20184%
2CCPC JP MORGAN GBP1.5%
3ARQIVA FINANCE 4.040% 30/06/20200.8%
4CPUK 7.239% 28 FEB 20240.8%
5GLENCORE FINANCE EUROPE 5.5% BDS 03/04/22 GBP1000000.8%
6RAC BOND CO PLC0.8%
7DIAMOND 1 FIN/DIAMOND 20.7%
8EXPEDIA INC 2.5% BDS 03/06/22 EUR1000000.7%
9INVESTEC BANK PLC 9.625% SUBORD NTS 17/02/22 GBP1000000.7%
Management
Fund manager group
F&C
Fund manager company
F&C (BMO Global Asset Manageme
Fund type
OEIC
Fund objective
The fund aims to deliver a return through a combination of income and capital growth primarily through investment in corporate bonds but also sovereigns and supranationals. Derivatives may be used to hedge investment risk, replicate investment positions and generate additional return in a risk controlled manner.
Benchmark
  • IA £ Strategic Bond
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Keith Patton01/12/2012Keith plays a leading role in developing multi fixed income solutions across the group. Prior to joining the group in 2012 and after a brief period at Brevan Howard (the macro hedge fund) he became the global head of fixed income for UBS Wealth Management in Zurich and a member of the global asset allocation committee within the investment office. Keith began his career with the United Bank of Kuwait in 1990 as a global fixed income manager, moving to Robert Fleming in 1995 as a portfolio manager and head of European fixed income strategy. In 1997 he became a senior member of the fixed income team at Morgan Grenfell (rebranded Deutsche Asset Management) where he was a managing director and head of European fixed income strategy. In 2005 the DeAM London team was sold to Aberdeen Asset Management where he became the head of portfolio and product management. Keith has extensive experience in fixed income, asset allocation and portfolio construction roles and has managed portfolios on behalf of large corporations, central banks and government agencies. Keith graduated in 1989 from South Bank University in London with a BA (Hons) in Business Studies (specialising in Finance). He completed the Investment Management Programme at the London Business School in 1991.
Rebecca Seabrook19/11/2009Rebecca is a fund manager in the credit team. She began her career as a credit analyst with London & Manchester and subsequently managed bond portfolios at Rothschild Asset Management and Friends Ivory & Sime. She joined the group in 2001. Rebecca graduated from the University of Wales in 1995 with a BA in Accounting & Finance. She holds the IIMR and is a member of the UK Society Of Investment Professionals.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Chile, United Kingdom
F&C Strategic Bond 1 Acc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price196.8
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFL93
F&C Strategic Bond 1 Inc
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.78%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.2
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFL94
F&C Strategic Bond 2 Acc
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)2.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price180.1
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIO59
F&C Strategic Bond 2 Inc
Initial charge-
Annual charge0.4%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)1.99%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price105.1
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeIO49
F&C Strategic Bond 4 Acc
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price216.7
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGZ20
F&C Strategic Bond 4 Inc
Initial charge-
Annual charge-
Min single investment£10,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price106.5
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGZ04
F&C Strategic Bond C Acc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.56%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price61.11
CurrencyGBX
Price updated15/02/2018
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG6HN
F&C Strategic Bond C Inc
Initial charge-
Annual charge0.5%
Min single investment£1,000,000
Min regular saving£1,000,000
Available in ISAYes
Ongoing charge (OCF)0.69%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price52.05
CurrencyGBX
Price updated15/02/2018
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG6HM
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Money Observer and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.