Fact sheet: M&G PP All Stock Corporate Bond Pn

Fund information
Fund name
M&G PP All Stock Corporate Bond Pn
Fund manager company
M&G
Fund type
Pension Fund
Fund manager
  • Jamie Hamiltonsince 01/03/2001
No data available.
Fund objective
The fund invests mainly in high quality sterling corporate bonds across the range of maturities. The fund is actively managed against its performance benchmark of the iBoxx Sterling Non-Gilts Index. The fund may also hold UK government gilts and derivatives (such as options and swaps) together with limited amounts of non-sterling and high yield corporate bonds where this may prove beneficial in the shorter term.
Benchmark
  • iBoxx Sterling Non Gilt Idx
Investment style
Active
Investment method
Fixed Interest
Quick stats
1 Year return
10%
1 Year rank in sector
11/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£3,871m (£4,006m 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.
41
Bid price
29.92
Offer price
30.2
Top in this sector
Fund name1 Year
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BlackRock DC AqOv 15 YCrp BdIx HP13.7%
AEGON Long Core Plus Pn13.5%
MetLife Fid Corp Bd 16yr Pn12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.6%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-5.3%3.9%10%23.8%46.8%
Sector-1.3%-4.7%2.4%6.8%18.8%39.5%
Rank within sector217 / 265175 / 2656 / 26511 / 26015 / 23534 / 210
Quartile4th3rd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund10.8%0%11.9%1.8%14.4%
Sector7.5%0.2%10.5%1%13.5%
Rank within sector10 / 260152 / 24654 / 23585 / 22679 / 210
Quartile1st3rd1st2nd2nd
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.
0.24
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.
1.19
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%.
6.46
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.
1.52
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.
0.84
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.
0.97
Price movement
52 week high31.68
52 week low26.47
Current bid price29.92
Current offer price30.2
Current mid price-
Region
1UK100%
Industry sector
1BBB38.7%
2A23.6%
3AA19.7%
4AAA8.1%
5BBB-7%
6Money Market2.9%
Asset type
1UK Corporate Fixed Interest100%
Individual holdings
No data available.
Management
Fund manager group
M&G
Fund manager company
M&G
Fund type
Pension Fund
Fund objective
The fund invests mainly in high quality sterling corporate bonds across the range of maturities. The fund is actively managed against its performance benchmark of the iBoxx Sterling Non-Gilts Index. The fund may also hold UK government gilts and derivatives (such as options and swaps) together with limited amounts of non-sterling and high yield corporate bonds where this may prove beneficial in the shorter term.
Benchmark
  • iBoxx Sterling Non Gilt Idx
Investment style
Active
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Jamie Hamilton01/03/2001Jamie 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
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
M&G PP All Stock Corporate Bond Pn
Initial charge-
Annual charge0.3%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price29.92
Offer price30.2
Mid price-
CurrencyGBP
Price updated05/12/2016
Type-
Institutional or retail classInstitutional
Domicile-
Citi codePU08
Data provided by

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