Fact sheet: M&G PP Long Dated Corporate Bond Pn

Fund information
Fund name
M&G PP Long Dated Corporate Bond Pn
Fund manager company
M&G
Fund type
Pension Fund
Fund managers
  • Jamie Hamiltonsince 01/05/2001
  • Mark Ellissince 04/02/1998
No data available.
Fund objective
The fund invests mainly in high quality Sterling corporate bonds with over 15 years to maturity. The fund is actively managed against its benchmark, the iBoxx Sterling Over 15 Years Non-Gilts Index. The fund may also hold UK government gilts and limited amounts of high yield and hedged non-sterling corporate bonds.Derivative instruments may be used for efficient portfolio fund management.
Benchmark
  • iBoxx GBP Non Gilt Index >15 yrs
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.5%
1 Year rank in sector
3/117
Sector
PN Sterling Long Bonds
Yield
-
Fund size
£1,014m (£1,160m 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.
76
Bid price
43.84
Offer price
44.42
Top in this sector
Fund name1 Year
OMW IPL Aviva Lg Dtd Corp Bd Pn42.9%
Stan Life L&G Ov15Yr IL GltIdx Pn22.5%
M&G PP Long Dated Corporate Bond Pn17.5%
Pru Long Dated Corp Bond Pn17.5%
Pru Sup Lg Idx Lkd Pn16.8%
...more in PN Sterling Long Bonds

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%3.6%-3.4%17.5%40.5%63.6%
Sector1.7%3.3%-4.5%12.5%40.3%51.2%
Rank within sector61 / 11947 / 11820 / 1183 / 11762 / 1064 / 99
Quartile3rd2nd1st1st3rd1st
Calendar performance
 YTD - 20172016201520142013
Fund2%21.1%-1.3%18.7%0.1%
Sector1%17.7%0%21.3%-4.3%
Rank within sector5 / 1188 / 11889 / 11070 / 1059 / 101
Quartile1st1st4th3rd1st
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.
0.48
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.
0.97
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.
0.7
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%.
12.01
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.
4.71
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.
0.02
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.
0.84
Price movement
52 week high47.03
52 week low37.13
Current bid price43.84
Current offer price44.42
Current mid price-
Region
1UK100.3%
2Money Market-0.3%
Industry sector
1A38.3%
2BBB34.7%
3AA18.5%
4BBB-4.7%
5AAA4.1%
6Money Market-0.3%
Asset type
1UK Corporate Fixed Interest100.3%
2Money Market-0.3%
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 with over 15 years to maturity. The fund is actively managed against its benchmark, the iBoxx Sterling Over 15 Years Non-Gilts Index. The fund may also hold UK government gilts and limited amounts of high yield and hedged non-sterling corporate bonds.Derivative instruments may be used for efficient portfolio fund management.
Benchmark
  • iBoxx GBP Non Gilt Index >15 yrs
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Jamie Hamilton01/05/2001Jamie 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.
Mark Ellis04/02/1998Mark joined M&G Investments in 2007 and works as a fund manager in the institutional portfolio management team. Prior to this he worked in fixed income for RAB Capital, Cambridge Place Investment Management and Deutsche Bank. Mark graduated from the University of Auckland, New Zealand with a Bachelor of Commerce and Bachelor of Property. Mark is a CFA charterholder and a chartered management accountant.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
M&G PP Long Dated 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 price43.84
Offer price44.42
Mid price-
CurrencyGBP
Price updated22/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codePU19
Data provided by

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