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
  • Claudia Calichsince 06/07/2015
  • Jim Leavisssince 01/02/2010
Fund objective
The fund aims to deliver income and capital growth by investing at least 70% of the portfolio in investment grade government bonds on a global basis. Exposure to these assets is gained through direct 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
16.5%
1 Year rank in sector
3/68
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.
0.71%
Fund size
£74m (£37m 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.
74
Mid price
1216.72
Top in this sector
Fund name1 Year
Old Mutual Bond 320.7%
Threadneedle EurpHdBd17.7%
M&G Global gvt bnd16.5%
Man GLG Corp Bd15.6%
M&G European Hi Yld Bd15.1%
...more in UT Global Bonds

Performance snapshot

Holdings snapshot

  • USA13%
    Japan8.6%
    Germany5.3%
    Mexico4.4%
    UK4.1%
  • Government Bonds67.5%
    Government Agency Bonds29.9%
    Money Market10.3%
    Investment Grade Bonds-7.7%
  • US Fixed Interest13%
    American Emerging Fixed Interest9.1%
    Japanese Fixed Interest8.6%
    German Fixed Interest5.3%
    Mexican Fixed Interest4.4%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%1.6%-5%16.5%38.1%30.3%
Sector-0%1.1%-1.8%8.3%14.5%19.7%
Rank within sector61 / 7117 / 7155 / 683 / 683 / 5917 / 45
Quartile4th1st4th1st1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.8%29.1%0.8%5.6%-9.3%
Sector0.8%12.6%-1.3%3.8%-2%
Rank within sector37 / 711 / 6625 / 6026 / 5753 / 53
Quartile3rd1st2nd2nd4th
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.
1.09
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.
1.68
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.
0.74
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%.
11.34
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.
5.69
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.
0.9
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.
0.88
Price movement
52 week high1286.17
52 week low1030.91
Current bid price-
Current offer price-
Current mid price1216.72
Region
1USA12.98%
2Japan8.57%
3Germany5.33%
4Mexico4.4%
5UK4.13%
6Peru3.61%
7Indonesia3.47%
8Israel2.95%
9Kuwait2.71%
Industry sector
1Government Bonds67.53%
2Government Agency Bonds29.87%
3Money Market10.32%
4Investment Grade Bonds-7.71%
Asset type
1US Fixed Interest12.98%
2American Emerging Fixed Interest9.05%
3Japanese Fixed Interest8.57%
4German Fixed Interest5.33%
5Mexican Fixed Interest4.4%
6GCC Fixed Interest4.34%
7UK Fixed Interest4.13%
8African Fixed Interest4.04%
9Middle East & African Fixed Interest3.77%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 0.75% NTS 31/03/18 USD100012.03%
2JAPAN(GOVERNMENT OF) 3.1% BONDS 20/9/2017 JPY(VAR)`37`JULY8.57%
3TREASURY 1% GILT 07/09/17 GBP0.014.13%
4GERMANY(FEDERAL REPUBLIC OF) 6.25% BDS 4/1/2024 EUR0.01`492`3.12%
5MEXICO(UNITED MEXICAN STATES) 6.5% BDS 09/06/22 MXN1002.5%
6AUSTRALIAN GOVT LOANS(CMNWLTH OF) 2.75% LN STK 21/04/24 AUD1002.32%
7RURAL ELECTRIFICATION CORP LTD 9.04% NTS 12/10/19 INR1100000002.24%
8GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.012.21%
9NEW ZEALAND 2.5% BDS 20/09/35 NZD10001.97%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund aims to deliver income and capital growth by investing at least 70% of the portfolio in investment grade government bonds on a global basis. Exposure to these assets is gained through direct 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
Claudia Calich06/07/2015Claudia 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
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.
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)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price11.4415
CurrencyCHF
Price updated25/04/2017
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)1.21%
Total expense ratio (TER)1.21%
Bid price-
Offer price-
Mid price12.7571
CurrencyEUR
Price updated25/04/2017
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)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price132.76
CurrencyGBX
Price updated25/04/2017
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)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price10.4632
CurrencyUSD
Price updated25/04/2017
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)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price12.3251
CurrencyEUR
Price updated25/04/2017
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)1.2%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price99.74
CurrencyGBX
Price updated25/04/2017
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)1.23%
Total expense ratio (TER)1.23%
Bid price-
Offer price-
Mid price10.104
CurrencyUSD
Price updated25/04/2017
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)0.65%
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price11.5944
CurrencyCHF
Price updated25/04/2017
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)0.69%
Total expense ratio (TER)0.69%
Bid price-
Offer price-
Mid price12.9434
CurrencyEUR
Price updated25/04/2017
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)0.64%
Total expense ratio (TER)0.64%
Bid price-
Offer price-
Mid price10.6272
CurrencyUSD
Price updated25/04/2017
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)0.68%
Total expense ratio (TER)0.68%
Bid price-
Offer price-
Mid price12.3718
CurrencyEUR
Price updated25/04/2017
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)0.66%
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price10.1441
CurrencyUSD
Price updated25/04/2017
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)0.71%
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price1216.72
CurrencyGBX
Price updated25/04/2017
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)0.7%
Total expense ratio (TER)0.7%
Bid price-
Offer price-
Mid price1157.38
CurrencyGBX
Price updated25/04/2017
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)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price120.79
CurrencyGBX
Price updated25/04/2017
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)0.95%
Total expense ratio (TER)0.95%
Bid price-
Offer price-
Mid price115.49
CurrencyGBX
Price updated25/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZER
Data provided by

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