Fact sheet: M&G Charibond

Fund information
Fund name
M&G Charibond Gr Inc GBP
Fund manager company
M&G UK
Fund type
Unit Trust
Fund managers
  • Richard Ryansince 31/03/2001
  • Jamie Hamiltonsince 30/05/2002
Fund objective
Charibond is designed to provide an investment for the fixed income portion of UK charities’ portfolios. It is an actively managed fund, investing in deposits, UK government bonds (gilts) and other sterling-denominated fixed income securities. The fund seeks to produce a high level of income, which may vary over time, while preserving capital values.
Benchmark
  • FTSE Govt UK Gilts All Stocks Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
6.7%
1 Year rank in sector
17/77
Sector
UT Sterling Strategic Bond
Yield
3.7%
Fund size
£176m (£176m 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.
39
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK74.5%
    USA7.3%
    France4.3%
    Money Market2%
    Mexico1.8%
  • Government Bonds48.9%
    Utilities10.5%
    Asset/Mortgage-Backed Securities7.2%
    Real Estate6.6%
    Telecommunications4.9%
  • UK Gilts48.3%
    UK Corporate Fixed Interest27.2%
    US Corporate Fixed Interest6.2%
    French Corporate Fixed Interest3.5%
    Money Market2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-5.9%1.7%6.7%17.3%28.3%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector59 / 8366 / 8268 / 8217 / 7712 / 7145 / 60
Quartile3rd4th4th1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.3%-0.3%10.8%-1.8%7.7%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector19 / 7750 / 7415 / 7254 / 6451 / 61
Quartile1st3rd1st4th4th
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.
3.71
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.
0.33
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.
0.38
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%.
5.6
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.
6.52
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.
-0.06
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.
0.11
Price movement
52 week high136.17
52 week low121.91
Current bid price-
Current offer price-
Current mid price126.36
Region
1UK74.47%
2USA7.26%
3France4.3%
4Money Market1.95%
5Mexico1.83%
6Germany1.77%
7New Zealand1.52%
8Austria1.29%
9Australia1.24%
Industry sector
1Government Bonds48.95%
2Utilities10.48%
3Asset/Mortgage-Backed Securities7.24%
4Real Estate6.6%
5Telecommunications4.92%
6Financial Services3.32%
7Non-Cyclical Consumer Goods2.74%
8Financials2.55%
9Money Market1.95%
Asset type
1UK Gilts48.33%
2UK Corporate Fixed Interest27.19%
3US Corporate Fixed Interest6.21%
4French Corporate Fixed Interest3.48%
5Money Market1.95%
6German Corporate Fixed Interest1.77%
7New Zealand Corporate Fixed Interest1.52%
8Austrian Corporate Fixed Interest1.29%
9Australian Corporate Fixed Interest1.24%
Individual holdings
1TREASURY 6% GILT 202819.41%
2TREASURY 8% GILT 202111.27%
3TREASURY 1% GILT 07/09/17 GBP0.019.82%
4TREASURY 3.75% GILT 22/07/52 GBP0.015.79%
5SEGRO PLC 7% NOTES 14/3/2022 GBP(VAR)1.45%
6FONTERRA COOPERATIVE GROUP 9.375% BDS 04/12/23 GBP500001.32%
7OESTERREICHISCHE KONTROLLBANK AG 5.75% NOTES 7/12/2028 GBP(VAR)1.29%
8TREASURY 3.75% GILT 07/09/19 GBP0.011.25%
9HOUSING FINANCE CORP 11.5% DEB STK 20161.2%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
Unit Trust
Fund objective
Charibond is designed to provide an investment for the fixed income portion of UK charities’ portfolios. It is an actively managed fund, investing in deposits, UK government bonds (gilts) and other sterling-denominated fixed income securities. The fund seeks to produce a high level of income, which may vary over time, while preserving capital values.
Benchmark
  • FTSE Govt UK Gilts All Stocks Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Richard Ryan31/03/2001Richard Ryan joined M&G in 2001 as a fund manager in the fixed income team, managing a range of institutional corporate bond funds. He has responsibility for a number of M&G's sterling credit portfolios as well as its globally focused total return credit portfolios. Prior to joining M&G, Richard worked for Nomura Asset Management as an institutional fund manager with specific responsibility for global government and corporate bond portfolios. Before this, he worked for Dresdner Kleinwort Benson in the Credit Products Group trading sterling-denominated corporate bonds. Richard graduated from Southampton University with a degree in economics.
Jamie Hamilton30/05/2002Jamie Hamilton joined M&G in 2001 as a fund manager in the fixed income team managing a range of institutional corporate bond funds. Prior to joining M&G, Jamie worked for Dresdner RCM Global Investors as a fixed income fund manager, managing corporate bond funds. Jamie graduated from Newcastle University with a degree in economics and is a chartered financial analyst (CFA) charterholder.
Compliance
IA Recognised
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Charibond Gr Inc GBP
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.36%
Bid price-
Offer price-
Mid price126.36
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG58
M&G Charibond GrAcc GBP
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.36%
Bid price-
Offer price-
Mid price3878.45
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG59
Data provided by

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