Fact sheet: M&G UK Inftn Lkd Corp Bd

Fund information
Fund name
M&G UK Inflation Linked Corporate Bond I Acc
Fund manager company
M&G UK
Fund type
OEIC
Fund managers
  • Ben Lordsince 16/09/2010
  • Jim Leavisssince 16/09/2010
Fund objective
The fund is designed to provide a level of protection from the effects of inflation by generating a total return (the combination of income and growth of capital) consistent with or greater than the rate of UK inflation over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality. It may also hold a range of other fixed interest assets that would be expected to perform well in an inflationary environment. Exposure to these assets is gained through physical holdings and the use of derivatives, which are financial instruments whose value is linked to the expected future price movements of an underlying asset.
Benchmark
  • UK Consumer Price Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4.2%
1 Year rank in sector
45/77
Sector
UT Sterling Strategic Bond
Yield
1.3%
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.
0.66%
Fund size
£749m (£718m 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.
23
Mid price
119.15
Top in this sector
Fund name1 Year
Natixis LS Stgc Inc10.5%
Fidelity I Stg Cr + Bd10.4%
Fidelity UK Inv Grd Lg Cr9.4%
Legg Mason IFBrwiGlInOp8.6%
Fidelity Pre-Retirmnt Bd8.5%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK46.2%
    USA43.3%
    Germany5.4%
    Japan1.2%
    France0.8%
  • Government Bonds59.4%
    Banks14.8%
    Asset/Mortgage-Backed Securities9.1%
    Electronics3.2%
    Telecommunications2.5%
  • Global Index Linked33.8%
    UK Index-Linked Gilts29%
    UK Corporate Fixed Interest20.1%
    US Corporate Fixed Interest15.3%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.3%1.4%3.5%4.2%2.7%14.5%
Sector-1.2%-3.2%2.7%4.7%12.4%32.6%
Rank within sector1 / 832 / 8216 / 8245 / 7771 / 7159 / 60
Quartile1st1st1st3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5%-1.7%-0.7%5.1%6.5%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector45 / 7767 / 7472 / 7220 / 6455 / 61
Quartile3rd4th4th2nd4th
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.
-0.55
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.
0.33
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
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%.
3.05
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.
3.56
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.
-0.92
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.
0.13
Price movement
52 week high119.15
52 week low109.28
Current bid price-
Current offer price-
Current mid price119.15
Region
1UK46.16%
2USA43.27%
3Germany5.42%
4Japan1.17%
5France0.82%
6International0.7%
7Money Market0.59%
8Austria0.49%
9Spain0.42%
Industry sector
1Government Bonds59.43%
2Banks14.79%
3Asset/Mortgage-Backed Securities9.06%
4Electronics3.21%
5Telecommunications2.47%
6Utilities2.43%
7Insurance1.43%
8Non-Cyclical Consumer Goods1.18%
9Automotive1.17%
Asset type
1Global Index Linked33.82%
2UK Index-Linked Gilts29.04%
3UK Corporate Fixed Interest20.07%
4US Corporate Fixed Interest15.34%
5Money Market0.59%
6Austrian Corporate Fixed Interest0.49%
7Irish Corporate Fixed Interest0.38%
8Middle East & African Corporate Fixed Interest0.28%
Individual holdings
1UNITED STATES OF AMER TREAS BONDS 0.125% BDS 15/04/20 USD10015.32%
2TREASURY 1.875% IDX LKD GILT 22/11/22 GBP14.06%
3TREASURY 2 1/2% IDX-LINKED GILT 20207.12%
4TREASURY 0.125% IDX-LKD GILT 22/11/19 GBP0.015.44%
5UNITED STATES OF AMER TREAS BILLS BDS 15/04/21 USD1005.41%
6GERMANY(FEDERAL REPUBLIC OF) IDX/LKD 15/04/18 EUR10003.95%
7MICROSOFT CORP 4.45% BDS 03/11/45 USD20002.89%
8UNITED STATES OF AMER TREAS NOTES 0.375% TB 15/07/25 USD10002.25%
9UNITED STATES OF AMER TREAS NOTES 0.125% NTS 15/04/19 USD10002.01%
Management
Fund manager group
M&G
Fund manager company
M&G UK
Fund type
OEIC
Fund objective
The fund is designed to provide a level of protection from the effects of inflation by generating a total return (the combination of income and growth of capital) consistent with or greater than the rate of UK inflation over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality. It may also hold a range of other fixed interest assets that would be expected to perform well in an inflationary environment. Exposure to these assets is gained through physical holdings and the use of derivatives, which are financial instruments whose value is linked to the expected future price movements of an underlying asset.
Benchmark
  • UK Consumer Price Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Ben Lord16/09/2010Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Jim Leaviss16/09/2010Jim 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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
M&G UK Inflation Linked Corporate Bond A Acc
Initial charge3%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price116.01
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKSE6
M&G UK Inflation Linked Corporate Bond A Inc
Initial charge3%
Annual charge1%
Min single investment£500
Min regular saving£100
Available in ISAYes
Ongoing charge (OCF)1.16%
Total expense ratio (TER)1.16%
Bid price-
Offer price-
Mid price113.85
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKSE7
M&G UK Inflation Linked Corporate Bond I Acc
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 price119.15
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKSE8
M&G UK Inflation Linked Corporate Bond I Inc
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 price115.2
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKSE9
M&G UK Inflation Linked Corporate Bond R Acc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price110.25
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0ZG4
M&G UK Inflation Linked Corporate Bond R Inc GBP
Initial charge1%
Annual charge0.75%
Min single investment£500
Min regular saving£100
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.91%
Bid price-
Offer price-
Mid price109.34
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi code0ZG5
Data provided by

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