Fact sheet: Countrywide Gilt Pn

Fund information
Fund name
Countrywide Gilt Pn
Fund manager company
Countrywide Assured Plc
Fund type
Pension Fund
Fund managers
  • Dirk Frohnertsince 31/08/2014
  • David Tansince 01/03/2010
No data available.
Fund objective
To provide actively managed investment in UK gilt-edged and fixed-interest securities. The Fund seeks to achieve excess return through duration as well as sector and security selection. The Fund is well diversified and, under normal circumstances, direct cash holdings are kept to a minimum.
Benchmark
  • FTSE Actuaries British Government All Stocks Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.5%
1 Year rank in sector
90/174
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£70m (£36m 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.
56
Bid price
546.7
Offer price
575.5
Top in this sector
Fund name1 Year
OMW IPL F&C Sht Pr Rl Dn LDI Pn48.7%
OMW IPL F&C Nominal Dyn LDI Pn41.5%
OMW IPL F&C Real Dynamic LDI Pn38.5%
OMW IPL LGIM 2055IdxLkdGltPn24.7%
OMW IPL LGIMOvr15Yr I LGltPn23.8%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-7%1.3%6.5%22.3%23.6%
Sector-1.9%-6.2%4.5%9.2%24.6%33.3%
Rank within sector83 / 177134 / 178126 / 17690 / 17455 / 14194 / 126
Quartile2nd4th3rd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund8.5%-0.1%13.2%-4%2.8%
Sector11.1%-1.2%13.9%-1.7%6.6%
Rank within sector72 / 17484 / 15251 / 141110 / 135102 / 126
Quartile2nd3rd2nd4th4th
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.
-0.25
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.
0.95
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.
0.43
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%.
7.23
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.
1.88
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.
-0.33
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.
0.93
Price movement
52 week high592.9
52 week low504
Current bid price546.7
Current offer price575.5
Current mid price-
Region
1UK100%
Industry sector
No data available.
Asset type
1UK Gilts100%
Individual holdings
No data available.
Management
Fund manager group
Countrywide Assured
Fund manager company
Countrywide Assured Plc
Fund type
Pension Fund
Fund objective
To provide actively managed investment in UK gilt-edged and fixed-interest securities. The Fund seeks to achieve excess return through duration as well as sector and security selection. The Fund is well diversified and, under normal circumstances, direct cash holdings are kept to a minimum.
Benchmark
  • FTSE Actuaries British Government All Stocks Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Dirk Frohnert31/08/2014Dirk Frohnert is a member of the Global Fixed Income, Currency & Commodities (GFICC) group. Based in London, Dirk is a portfolio manager focusing on government bond strategies. He is part of the Global Rates Strategy Team and works on multi-currency accounts for both segregated clients and pooled funds where he specializes in portfolio construction. An employee since 2005, he holds a Diploma in Business Administration from Kaiserslautern – University of Applied Sciences, an M.Sc. in Banking and Financial Management from Hochschule Liechtenstein and is a CFA charterholder.
David Tan01/03/2010David Tan, managing director, is the head of the Global Rates team in the Global Fixed Income, Currency & Commodities (GFICC) group. In this role, he also serves as the lead portfolio manager in the International Fixed Income Group, managing government bond portfolios for institutional clients, in particular Central Banks and Sovereign Wealth Funds, as well as our range of Government Bond Funds. An employee since 1997, he previously worked in the Singapore office. David has also worked for six years at the UK Treasury as an economic adviser in the Debt and Reserves Management Division. Before this, David worked in the fixed income markets with Morgan Guaranty Trust in Singapore. David obtained an M.A. in economics from the University of Cambridge and an M.Sc. in economics from the London School of Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Countrywide Gilt Pn
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price546.7
Offer price575.5
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeSA39
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