Fact sheet: M&G Global gvt bnd

Fund information
Fund name
M&G Global Government Bond I Acc GBP
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Jim Leavisssince 01/02/2010
  • Claudia Calichsince 05/07/2015
Fund objective
The fund aims to maximise total return (the combination of income and growth of capital) through investing mainly in investment grade government bonds on a global basis. Exposure to these assets is gained through physical holdings and the use of derivatives. The portfolio’s positioning is influenced by global and country-specific macroeconomic factors, such as the rate of economic growth as well as currency and interest rate movements.
Benchmark
  • Barclays Global Treasury Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
28.7%
1 Year rank in sector
1/67
Sector
UT Global Bonds
Yield
3%
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.
0.73%
Fund size
£69m (£46m 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.
75
Mid price
1178.67
Top in this sector
Fund name1 Year
M&G Global gvt bnd28.7%
Aberdeen World Gov Bd24%
M&G Global Macro Bond23.7%
Threadneedle EurpHdBd22.9%
BlackRock OseaCorBdTrk22.9%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • USA11.5%
    Japan10.2%
    Mexico5.1%
    UK4.9%
    Germany4.9%
  • Government Bonds91.1%
    Government Guaranteed3.1%
    Money Market2.9%
    Government Agency Bonds2.3%
    Energy0.7%
  • American Emerging Government Fixed Interest12%
    US Government Fixed Interest11.5%
    Japanese Government Fixed Interest10.2%
    European Emerging Government Fixed Interest7.3%
    Money Market6.5%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-6.6%-2%11.5%28.7%32.7%25.4%
Sector-2.8%-1.5%5.2%11.5%13.7%19.4%
Rank within sector66 / 7038 / 697 / 691 / 674 / 5721 / 47
Quartile4th3rd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund26.1%0.8%5.6%-9.3%1.3%
Sector11.4%-1.3%3.8%-2%6.1%
Rank within sector1 / 6722 / 6126 / 5855 / 5539 / 47
Quartile1st2nd2nd4th4th
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.
-0.19
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.
1.7
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.
0.56
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%.
11.6
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.
6.07
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.
0.61
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.
0.86
Price movement
52 week high1286.17
52 week low908.64
Current bid price-
Current offer price-
Current mid price1178.67
Region
1USA11.53%
2Japan10.23%
3Mexico5.12%
4UK4.88%
5Germany4.88%
6Peru3.67%
7Australia3.6%
8Israel3.1%
9Hungary3.02%
Industry sector
1Government Bonds91.06%
2Government Guaranteed3.05%
3Money Market2.94%
4Government Agency Bonds2.3%
5Energy0.65%
Asset type
1American Emerging Government Fixed Interest11.96%
2US Government Fixed Interest11.53%
3Japanese Government Fixed Interest10.23%
4European Emerging Government Fixed Interest7.29%
5Money Market6.54%
6Global Index Linked5.52%
7UK Gilts4.4%
8Peruvian Government Fixed Interest3.67%
9Mexican Government Fixed Interest3.39%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.75% NTS 31/03/18 USD100011.53%
2JAPAN(GOVERNMENT OF) 2.3% BDS 20/03/26 JPY100000000 `86`10.23%
3TREASURY 1% GILT 07/09/17 GBP0.014.4%
4AUSTRALIA(COMMONWEALTH OF) 2.75% BDS 21/04/24 AUD10002.54%
5GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.012.44%
6GERMANY(FEDERAL REPUBLIC OF) 6.25% BDS 4/1/2024 EUR0.01`492`2.43%
7RURAL ELECTRIFICATION CORP LTD 9.04% NTS 12/10/19 INR1100000002.3%
8NEW ZEALAND(GOVERNMENT OF) 6% BDS 15/12/17 NZD100002.23%
9MEXICO(UNITED MEXICAN STATES) 6.5% BDS 09/06/22 MXN1002.2%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to maximise total return (the combination of income and growth of capital) through investing mainly in investment grade government bonds on a global basis. Exposure to these assets is gained through physical holdings and the use of derivatives. The portfolio’s positioning is influenced by global and country-specific macroeconomic factors, such as the rate of economic growth as well as currency and interest rate movements.
Benchmark
  • Barclays Global Treasury Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jim Leaviss01/02/2010Jim 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.
Claudia Calich05/07/2015Claudia Calich joined M&G in October 2013 as a specialist in emerging markets debt and was appointed fund manager of the M&G Emerging Markets Bond Fund in December 2013. She was also appointed fund manager of the M&G Global Government Bond Fund and deputy fund manager of the M&G Global Macro Bond Fund in July 2015. Claudia has over 20 years of experience in emerging markets, most recently as a senior portfolio manager at Invesco in New York, with previous positions at Oppenheimer Funds, Fuji Bank, Standard & Poor’s and Reuters. Claudia graduated with a BA honours in economics from Susquehanna University in 1989 and holds an MA in international economics from the International University of Japan in Niigata
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, South Africa
M&G Global Government Bond A Acc CHF
Initial charge4%
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 price11.1056
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKKJD
M&G Global Government Bond A Acc EUR
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price12.3521
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKKIZ
M&G Global Government Bond A Acc GBP
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price128.85
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codePK36
M&G Global Government Bond A Acc USD
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price10.0429
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKKJB
M&G Global Government Bond A Inc EUR
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price12.1276
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKKJA
M&G Global Government Bond A Inc GBP
Initial charge-
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.24%
Total expense ratio (TER)1.24%
Bid price-
Offer price-
Mid price98.08
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codePK37
M&G Global Government Bond A Inc USD
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£75
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price9.8551
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKKJC
M&G Global Government Bond C Acc CHF
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price11.2329
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKKJE
M&G Global Government Bond C Acc EUR
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price12.5037
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKKJF
M&G Global Government Bond C Acc USD
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price10.1755
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKKJH
M&G Global Government Bond C Inc EUR
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.71%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price12.1489
CurrencyEUR
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKKJG
M&G Global Government Bond C Inc USD
Initial charge1.25%
Annual charge0.5%
Min single investment£500,000
Min regular saving£50,000
Available in ISANo
Ongoing charge (OCF)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price9.8768
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKKJI
M&G Global Government Bond I Acc GBP
Initial charge1%
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price1178.67
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0ZEO
M&G Global Government Bond I Inc GBP
Initial charge1%
Annual charge0.5%
Min single investment£500,000
Min regular saving£10,000
Available in ISAYes
Ongoing charge (OCF)0.73%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price1135.98
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi code0ZEP
M&G Global Government Bond R Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.98%
Total expense ratio (TER)0.98%
Bid price-
Offer price-
Mid price117.12
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZEQ
M&G Global Government Bond R Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)0.99%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price113.47
CurrencyGBX
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZER
Data provided by

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