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Standard Life Inv Short Duration Credit Ret Acc

Ranked 97 out of 107 in - Sterling Corporate Bond over 36 months
All calculations are in GBP unless stated

Managed by

Daniel McKernan

Daniel McKernan is head of sterling investment grade credit at Standard Life Investments and lead manager on the firm's sterling corporate bond portfolios. McKernan joined Standard Life in 2013 from SWIP, where he served as the head of UK and European credit. McKernan was previously director, portfolio manager and a member of BlackRock’s Fixed Income Portfolio Management Group. He joined BlackRock following the merger with Merrill Lynch Investment Managers (MLIM) in 2006. At MLIM, he was a portfolio manager specializing in the management of Sterling credit portfolios. McKernan earned a BSc with honours in banking and international finance from City University, London in 1990.

Objective

The fund aims to provide a return from a combination of income and capital growth by investing predominantly in investment grade bonds. The fund may invest in a wide range of bonds (e.g. corporate bonds including sub investment grade bonds, government backed securities, overseas bonds, index-linked bonds, floating rate notes (FRNs) and asset backed securities (ABSs)) and/or money market instruments in order to take advantage of opportunities they have identified. The fund may use derivatives to reduce the fund’s exposure to interest rate risk with the aim of reducing duration exposure to around two years.

Showing fund performance in United Kingdom View performance globally

Performance

Sterling Corporate Bond over : 31/03/2016 - 31/03/2019

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 2.5%
2018 -2.1% -0.3% -0.4% 0.0% -1.4%
2017 3.3% 1.4% 0.7% 0.3% 0.9%
2016 4.8% -0.5% 1.3% 4.1% -0.1%
2015 0.1% 1.9% -1.4% -1.1% 0.8%
2014 4.4% 2.8% 2.1% -0.2% -0.3%
2013 3.3% 1.9% -2.1% 2.7% 0.7%
2012 16.3% 5.6% 0.5% 6.0% 3.4%
2011 2.8% 2.1% 1.5% -4.1% 3.5%
2010 6.9% 4.1% -0.2% 5.8% -2.7%
2009 10.8% -2.2% 4.7% 6.4% 1.7%
2008 -3.3% -4.2% -1.0% 0.2% 1.8%
2007 0.8% 0.2% -1.2% 0.0% 1.8%
2006 0.8% -0.4% -1.6% 2.8% 0.0%
2005 8.0% -0.2% 4.2% 1.5% 2.4%
2004 7.5% 0.7% -1.6% 4.5% 3.8%
2003 1.3% 2.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

28/02/2019

Top 10 Holdings

Stock Size
SLI Glo SICAV Total Return Credit B Acc GBP 5.12%
E.ON Inter Fin 6.375% 07-Jun-2032 1.37%
BAA Funding 6.450% 10-Dec-2031 1.14%
CYBG PLC 5.000% 09-Feb-2026 0.99%
BAA Funding 6.750% 03-Dec-2026 0.95%
Lloyds Bank PLC 1.750% 31-Mar-2022 0.89%
AT&T Inc 4.875% 01-Jun-2044 0.84%
RWE Finance 6.500% 20-Apr-2021 0.83%
Thames Wtr Ut Cy 3.500% 25-Feb-2028 0.81%
Deutsche Bank AG 1.875% 28-Feb-2020 0.81%
28/02/2019

Registered For Sale In

  1. United Kingdom

Fund Info

  • Launch date01/05/2003
  • Share Class size223Mn
  • Base currencyGBP
  • ISIN GB0032784737

Purchase Info

  • Min. initial investment500
  • Min. regular additional investment50

Charges

  • Annual management1.00%
  • Initial investment4.00%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).