Fact sheet: M&G Ep Inftn LkCrp Bd

Fund information
Fund name
M&G European Inflation Linked Corporate Bond AH Acc CHF
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Jim Leavisssince 16/09/2010
  • Ben Lordsince 01/02/2014
Fund objective
The fund is designed to provide a level of protection from the effects of inflation by generating a total return consistent with or greater than the rate of European inflation over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality. It may also hold other fixed interest assets that would be expected to perform well in an inflationary environment. Exposure to these assets is gained through physical holdings and the use of derivatives.
Benchmark
  • EU Harmonised Index of Consumer Prices
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
0.1%
1 Year rank in sector
66/67
Sector
UT Global Bonds
Yield
0.9%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.2%
Fund size
£52m (£75m 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.
85
Mid price
9.965
Top in this sector
Fund name1 Year
M&G Global gvt bnd27.6%
Aberdeen World Gov Bd24.2%
BlackRock OseaCorBdTrk23.3%
M&G Global Macro Bond22.9%
BlackRock Osea GovBdTrk22.8%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • Germany44.6%
    UK21.3%
    USA9.1%
    Italy6.1%
    France6.1%
  • Government Bonds56.1%
    Banks11.2%
    Asset/Mortgage-Backed Securities8.1%
    Services6.8%
    Utilities3.8%
  • Global Index Linked66.6%
    UK Corporate Fixed Interest25.6%
    US Corporate Fixed Interest1.7%
    Money Market1.5%
    Irish Corporate Fixed Interest1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%1.8%2%0.1%-3.6%-
Sector-3.3%-1.8%5.1%11.1%12.9%18.7%
Rank within sector3 / 704 / 6943 / 6966 / 6757 / 57-
Quartile1st1st3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.7%-1.1%-3.3%0.1%-
Sector10.7%-1.3%3.8%-2%6.1%
Rank within sector66 / 6742 / 6155 / 5823 / 55-
Quartile4th3rd4th2nd
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.
-2.08
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.
0.14
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
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%.
2.73
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.
5.59
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.
-1.18
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.
0.09
Price movement
52 week high9.97
52 week low9.62
Current bid price-
Current offer price-
Current mid price9.97
Region
1Germany44.59%
2UK21.35%
3USA9.06%
4Italy6.15%
5France6.05%
6Spain5.5%
7Japan2.32%
8Money Market1.46%
9Ireland1.13%
Industry sector
1Government Bonds56.13%
2Banks11.24%
3Asset/Mortgage-Backed Securities8.07%
4Services6.84%
5Utilities3.79%
6Automotive2.65%
7Telecommunications2.25%
8Local Government Bonds1.98%
9Money Market1.46%
Asset type
1Global Index Linked66.58%
2UK Corporate Fixed Interest25.61%
3US Corporate Fixed Interest1.66%
4Money Market1.46%
5Irish Corporate Fixed Interest1.13%
6Belgian Corporate Fixed Interest1.05%
7Spanish Corporate Fixed Interest0.85%
8Luxembourg Corporate Fixed Interest0.43%
9German Corporate Fixed Interest0.41%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) IDX/LKD 15/04/18 EUR100023.23%
2GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.0119.7%
3ITALY(REPUBLIC OF) 2.15% NTS 12/11/17 EUR10006.15%
4RESEAU FERRE DE FRANCE 2.45% BDS 28/2/23 EUR10004.44%
5SPAIN(KINGDOM OF) 0.55% NTS 30/11/19 EUR1000REG S2.66%
6NATIONWIDE BUILDING SOCIETY 3 7/8% INDEX-LINKED LN STK 20212.44%
7CHANNEL LINK ENTERPRISES FINANCE TRANCHE`A4`SEC FRN 30/06/50 EUR2.4%
8TOYOTA MOTOR CREDIT CORP 2.413% RPI LKD NTS 30/5/17GBP2.15%
9GALICIA JUNTA DE 1.896% BDS 02/11/16 EUR10001.98%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund is designed to provide a level of protection from the effects of inflation by generating a total return consistent with or greater than the rate of European inflation over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality. It may also hold other fixed interest assets that would be expected to perform well in an inflationary environment. Exposure to these assets is gained through physical holdings and the use of derivatives.
Benchmark
  • EU Harmonised Index of Consumer Prices
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jim Leaviss16/09/2010Jim Leaviss is Head of Retail Fixed Interest for M&G’s mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. He is also deputy manager of the M&G Gilt & Fixed Interest Income Fund, the M&G Index-Linked Bond Fund and the M&G UK Inflation Linked Corporate Bond Fund.
Ben Lord01/02/2014Ben 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.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Luxembourg, Netherlands, Norway, Sweden
M&G European Inflation Linked Corporate Bond A Acc EUR
Initial charge3.25%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.18%
Total expense ratio (TER)1.18%
Bid price-
Offer price-
Mid price11.0855
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSE4
M&G European Inflation Linked Corporate Bond AH Acc CHF
Initial charge3.25%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price9.965
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGLDS
M&G European Inflation Linked Corporate Bond C Gr Acc EUR
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price11.4358
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKSE5
M&G European Inflation Linked Corporate Bond CH Gr Acc CHF
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price10.164
CurrencyCHF
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeGLDT
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