Fact sheet: M&G Gilt & Fixed Int Inc

Fund information
Fund name
M&G Gilt & Fixed Interest Income I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Jim Leavisssince 30/04/1998
  • Matthew Russellsince 06/07/2015
Fund objective
The fund aims to deliver income with stability of capital consistent with investment in gilts over rolling periods of three to five years. There is no guarantee that the fund will achieve its objective over this, or any other, period. The level of income may vary over time. Up to 20% of the fund can be invested in corporate bonds guaranteed by the government. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund invests in UK government bonds (gilts) of all maturities, based on the manager’s view of the likely course of the UK economy and monetary policy.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.4%
1 Year rank in sector
12/32
Sector
UT UK Gilts
Yield
0.5%
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.
0.66%
Fund size
£655m (£689m 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.
49
Mid price
1187.93
Top in this sector
Fund name1 Year
Blackrock Inst Bd Over 15 Yr Glt15.8%
Aberdeen Stg Lg Dtd Gov Bd15.8%
Newton Long Gilt15.4%
Vanguard UK Lng DurGlt Id15.3%
Insight UK Gov Lg Mty bond15.2%
...more in UT UK Gilts

Performance snapshot

Holdings snapshot

  • UK90.7%
    International2.7%
    USA2.5%
    Germany2.1%
    Finland1.1%
  • Government Bonds89.2%
    Government Agency Bonds7.3%
    Services2.1%
    Money Market0.8%
    Asset/Mortgage-Backed Securities0.6%
  • UK Gilts96.6%
    UK Equities2.1%
    Money Market0.8%
    UK Fixed Interest0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%4.2%1.7%8.4%22.3%23.6%
Sector0.8%4.6%1.6%9.4%25.1%27.6%
Rank within sector17 / 3417 / 3319 / 3312 / 3215 / 3115 / 27
Quartile2nd3rd3rd2nd2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund1.5%9.9%0.2%11.9%-3.7%
Sector1.7%10.8%-0.1%14.3%-4.7%
Rank within sector20 / 3313 / 3210 / 3220 / 313 / 30
Quartile3rd2nd2nd3rd1st
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.
0.05
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.
0.89
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.
0.49
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%.
7.61
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.
1.16
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.
-0.69
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.
0.99
Price movement
52 week high1244.42
52 week low1095.59
Current bid price-
Current offer price-
Current mid price1187.93
Region
1UK90.73%
2International2.72%
3USA2.55%
4Germany2.1%
5Finland1.12%
6Money Market0.78%
Industry sector
1Government Bonds89.21%
2Government Agency Bonds7.35%
3Services2.1%
4Money Market0.78%
5Asset/Mortgage-Backed Securities0.56%
Asset type
1UK Gilts96.56%
2UK Equities2.1%
3Money Market0.78%
4UK Fixed Interest0.56%
Individual holdings
1TREASURY 4.5% GILT 7/9/2034 GBP0.0115.9%
2TREASURY 1.5% GILT 22/07/26 GBP0.0110.34%
3TREASURY 4.75% GILT 20207.65%
4TREASURY 2.75% GILT 07/09/24 GBP0.017.51%
5TREASURY 1.5% GILT 22/07/47 GBP17.06%
6TREASURY 2.5% GILT 22/07/65 GBP0.16.25%
7TREASURY 4.25% GILT 7/9/39 GBP0.016.2%
8TREASURY 1% GILT 07/09/17 GBP0.014.91%
9TREASURY 4.25% GILT 07/06/2032 GBP0.014.03%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to deliver income with stability of capital consistent with investment in gilts over rolling periods of three to five years. There is no guarantee that the fund will achieve its objective over this, or any other, period. The level of income may vary over time. Up to 20% of the fund can be invested in corporate bonds guaranteed by the government. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund invests in UK government bonds (gilts) of all maturities, based on the manager’s view of the likely course of the UK economy and monetary policy.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jim Leaviss30/04/1998Jim 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.
Matthew Russell06/07/2015Matthew Russell joined M&G in 2007 and was appointed fund manager of the M&G Short Dated Corporate Bond Fund in September 2013, having served as deputy fund manager since 2011. He was also appointed fund manager of the M&G Gilt & Fixed Interest Income Fund in July 2015. Matthew joined M&G as a fund managers’ assistant covering the retail fixed interest fund range. He has a BSc in economics from the University of Birmingham and is also a CFA charterholder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
M&G Gilt & Fixed Interest Income A Acc GBP
Initial charge-
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price557.7
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMG45
M&G Gilt & Fixed Interest Income A Inc GBP
Initial charge-
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price99.87
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMG15
M&G Gilt & Fixed Interest Income I Acc GBP
Initial charge1%
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.66%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price1187.93
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZDP
M&G Gilt & Fixed Interest Income I Inc GBP
Initial charge1%
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.66%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price1134.27
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZDQ
Data provided by

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