Fact sheet: L&G Invesco Perp Gbl Bd Pn

Fund information
Fund name
L&G Invesco Perpetual Global Bond Pn G25
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund managers
  • Stuart Edwardssince 28/03/2013
  • Jack Parkersince 30/07/2015
Underlying fund
Invesco Perp Global Bond
Fund objective
The Invesco Perpetual Global Bond Fund aims to achieve a combination of income and capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in debt securities and currencies globally. Debt securities include government bonds, as well as securities issued by supranational bodies, local authorities, national public bodies and corporate issuers. The Fund may also invest in high yield, unrated, convertible, sub-investment grade debt securities, cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates and credit and can be used to achieve both long and short positions.
Benchmark
  • IA Global Bonds
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
10.6%
1 Year rank in sector
-
Sector
PN Global Fixed Interest
Yield
-
Fund size
£1m (£2m 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.
45
Bid price
187.68
Offer price
187.68
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn29.5%
Scot Eq AegonIntcEgMtsLclCrDtPn26.4%
Scot Eq Broker AMR Managed Pn23.5%
OMW M&G Glbl Government Bond22.8%
RLPPC Enhanced IL Pn21.3%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA43%
    UK15.8%
    Italy10.9%
    Money Market6.7%
    Australia6.1%
  • Government Bonds65.2%
    Banks9.3%
    Money Market6.7%
    Oil & Gas2.9%
    Automobiles2.9%
  • Global Government Fixed Interest38%
    Global Index Linked29.2%
    Global Corporate Fixed Interest25.6%
    Money Market6.7%
    Alternative Investment Strategies0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0%0.5%1.1%10.6%18.3%24.6%
Sector0.2%0.7%-1.6%10.6%19.9%20.3%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund0.3%10.6%2.5%4.2%-0.2%
Sector0.1%14.1%-0.3%6.1%-3.6%
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.
1.07
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.
0.73
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.
0.41
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%.
4.72
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.
2.5
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.
-0.2
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.
0.83
Price movement
52 week high191.54
52 week low170.21
Current bid price187.68
Current offer price187.68
Current mid price-
Region
1USA43%
2UK15.82%
3Italy10.92%
4Money Market6.69%
5Australia6.14%
6Spain6.09%
7Poland3.65%
8Others3.01%
9Mexico2.93%
Industry sector
1Government Bonds65.16%
2Banks9.3%
3Money Market6.69%
4Oil & Gas2.87%
5Automobiles2.85%
6Telecommunications2.15%
7Government Agency Bonds2.11%
8Utilities2.06%
9Technology1.96%
Asset type
1Global Government Fixed Interest38.04%
2Global Index Linked29.23%
3Global Corporate Fixed Interest25.64%
4Money Market6.69%
5Alternative Investment Strategies0.4%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1009.23%
2UNITED STATES OF AMER TREAS BONDS 1.75% BDS 15/11/26 USD1007.78%
3TREASURY 1.5% GILT 22/07/26 GBP0.017.06%
4UNITED STATES OF AMER TREAS BILLS BDS 15/04/21 USD1004.98%
5UNITED STATES OF AMER TREAS NOTES 0.625% NTS 15/01/26 USD1004.81%
6UNITED STATES OF AMER TREAS NOTES FXD BDS 31/05/21 USD1003.18%
7AUSTRALIA(COMMONWEALTH OF) 1.75% BDS 21/11/20 AUD10002.54%
8ITALY(REPUBLIC OF) 2.35% BDS 15/09/19 EUR10002.17%
9QUEENSLAND TREASURY CORP 6% BDS 14/6/2021 AUD1000002.02%
Management
Fund manager group
Legal & General
Fund manager company
Legal & General Assurance Soc
Fund type
Pension Fund
Fund objective
The Invesco Perpetual Global Bond Fund aims to achieve a combination of income and capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in debt securities and currencies globally. Debt securities include government bonds, as well as securities issued by supranational bodies, local authorities, national public bodies and corporate issuers. The Fund may also invest in high yield, unrated, convertible, sub-investment grade debt securities, cash, cash equivalents, money market instruments, collective investment schemes and other transferable securities. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates and credit and can be used to achieve both long and short positions.
Benchmark
  • IA Global Bonds
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Stuart Edwards28/03/2013Based in Henley-on-Thames, Stuart is responsible for a number of global bond and cash portfolios. Stuart began his investment career in 1997 at Standard & Poor's as an economist, initially specialising in analysis of the Benelux region and then covering the UK fixed income and money markets with responsibility for forecasting UK economic data and providing fixed income strategy. On joining our company in 2003, he was initially the fixed income specialist within our Investment Communication team before successfully transferring to the Fixed Interest team in January 2006 as a fixed income strategist, specialising in the analysis of macro economic data and trends. In March 2010 Stuart was promoted to the role of fund manager. He holds a BSc (Honours) in Business Economics with Computing from the University of Surrey and a MSc in Finance from Birkbeck College, University of London.
Jack Parker30/07/2015Based in Henley-on-Thames, Jack is currently a Macro Analyst/ Trader within Invesco's Henley-based Fixed Interest team. Jack began his investment career with the firm within the investment operations functions in January 2008 before transferring to the Fixed Interest team in August.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
L&G Invesco Perpetual Global Bond Pn 3
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.79%
Bid price190.28
Offer price190.28
Mid price-
CurrencyGBX
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNCW4
L&G Invesco Perpetual Global Bond Pn G25
Initial charge-
Annual charge1.03%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.03%
Bid price187.68
Offer price187.68
Mid price-
CurrencyGBX
Price updated21/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeL196
Data provided by

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