Fact sheet: FL MyM M&G Corporate Bond Pn

Fund information
Fund name
FL MyM M&G Corporate Bond Pn
Fund manager company
Friends Life
Fund type
Pension Fund
Fund managers
  • Ben Lordsince 01/01/2007
  • Richard Woolnoughsince 27/02/2004
Underlying fund
M&G Corporate Bond
Fund objective
The fund invests mainly in high quality corporate bonds, with the aim of delivering a higher income and capital growth than that available from investment in UK government fixed income securities of similar maturities (the length of time until the final repayment date). The fund manager may also hold up to 20% of the portfolio in other fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund manager is assisted by an in-house team of independent credit analysts in the selection of individual bond issues.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
7.8%
1 Year rank in sector
153/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£0m
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn16.8%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.8%
BlackRock DC AqOv 15 YCrp BdIx HP14.7%
AEGON Long Core Plus Pn14%
MetLife Fid Corp Bd 16yr Pn14%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK56.5%
    USA22.6%
    France6.8%
    Germany2.4%
    International2.2%
  • Asset/Mortgage-Backed Securities19.5%
    Telecommunications11.7%
    Banks10.8%
    Utilities9.1%
    Insurance6%
  • UK Corporate Fixed Interest53.5%
    US Corporate Fixed Interest21.9%
    French Corporate Fixed Interest5.5%
    UK Gilts3.5%
    German Corporate Fixed Interest2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%-0.7%0.5%7.8%--
Sector1.5%-1%0.6%8.2%19.7%38.1%
Rank within sector88 / 264103 / 265164 / 265153 / 260--
Quartile2nd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund-0.3%8.8%---
Sector-0.3%9.4%0.2%10.5%1%
Rank within sector143 / 265160 / 260---
Quartile3rd3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high112.19
52 week low98.9
Current bid price-
Current offer price-
Current mid price107.94
Region
1UK56.54%
2USA22.64%
3France6.84%
4Germany2.35%
5International2.15%
6Italy1.85%
7Spain1.83%
8Netherlands1.41%
9Money Market1.34%
Industry sector
1Asset/Mortgage-Backed Securities19.46%
2Telecommunications11.73%
3Banks10.82%
4Utilities9.09%
5Insurance5.99%
6Government Bonds5.08%
7Real Estate5.03%
8Non-Cyclical Consumer Goods4.39%
9Electronics4.08%
Asset type
1UK Corporate Fixed Interest53.5%
2US Corporate Fixed Interest21.91%
3French Corporate Fixed Interest5.47%
4UK Gilts3.53%
5German Corporate Fixed Interest2.35%
6Global Corporate Fixed Interest2.15%
7Dutch Corporate Fixed Interest1.41%
8Spanish Corporate Fixed Interest1.38%
9French Government Fixed Interest1.37%
Individual holdings
1LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.64%
2IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.32%
3TREASURY 4.75% GILT 07/12/38 GBP1.27%
4TREASURY 3.25% GILT 22/01/44 GBP0.011.18%
5WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.11%
6AT&T INC 4.875% UNSEC BDS 01/06/44 GBP1000001.1%
7COMCAST CORP 5.5% BDS 23/11/29 GBP10000.8%
8MICROSOFT CORP 4% BDS 12/02/55 USD20000.8%
9VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20000.8%
Management
Fund manager group
Friends Life
Fund manager company
Friends Life
Fund type
Pension Fund
Fund objective
The fund invests mainly in high quality corporate bonds, with the aim of delivering a higher income and capital growth than that available from investment in UK government fixed income securities of similar maturities (the length of time until the final repayment date). The fund manager may also hold up to 20% of the portfolio in other fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund manager is assisted by an in-house team of independent credit analysts in the selection of individual bond issues.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ben Lord01/01/2007Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Richard Woolnough27/02/2004Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
FL MyM M&G Corporate Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.94
CurrencyGBX
Price updated11/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeMP9V
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 Moneywise 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.