Fact sheet: NFU Mutual Gilt & Corporate Bond

Fund information
Fund name
NFU Mutual Gilt & Corporate Bond C
Fund manager company
NFU Mutual Unit Managers Ltd
Fund type
OEIC
Fund manager
  • Kevin Watsonsince 20/07/2003
Fund objective
To provide a return from a portfolio investing mainly in gilts and investment grade corporate bonds. The fund will invest in a portfolio primarily of government and corporate bonds and other fixed and floating rate securities denominated mainly in sterling and issued by governments, government agencies, supra nationals and corporate issuers (including preference shares). Corporate bonds and other securities purchased by the fund will be of investment grade. The fund may also invest in other transferable securities and collective investment schemes. As well as investing in the Government of the United Kingdom and Northern Ireland, the fund may invest in Government and other public securities of the following EEA States: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain and Sweden and, in addition, the Governments of Australia, Canada, Japan, New Zealand, Norway, Switzerland and the United States of America.
Benchmark
  • IA Sterling Strategic Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.9%
1 Year rank in sector
7/77
Sector
UT Sterling Strategic Bond
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.
0.8%
Fund size
£168m (£146m 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.
53
Mid price
107.89
Top in this sector
Fund name1 Year
Fidelity I Stg Cr + Bd12.2%
Natixis LS Stgc Inc11.2%
Fidelity UK Inv Grd Lg Cr11.1%
Fidelity Pre-Retirmnt Bd10.1%
Legg Mason IFBrwiGlInOp9.1%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.8%-6.7%3.7%8.9%22.8%29.4%
Sector-1%-3%2.3%5.2%12.9%32.2%
Rank within sector83 / 8377 / 8214 / 827 / 773 / 7141 / 60
Quartile4th4th1st1st1st3rd
Calendar performance
 YTD - 20162015201420132012
Fund9.7%-0.8%13.4%-2.6%5.7%
Sector5.9%-0.3%6.8%2.6%12.6%
Rank within sector7 / 7756 / 744 / 7256 / 6458 / 61
Quartile1st4th1st4th4th
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.
0.41
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.
1.66
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.
0.42
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%.
7.78
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.
5.82
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.
0.47
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.
0.52
Price movement
52 week high117.01
52 week low100.59
Current bid price-
Current offer price-
Current mid price107.89
Region
1UK94.68%
2Money Market5.32%
Industry sector
No data available.
Asset type
1UK Corporate Fixed Interest49.93%
2UK Gilts41.07%
3Money Market9%
Individual holdings
1TREASURY 4.75% GILT 07/12/30 GBP6.57%
2TREASURY 0.25% IDX LKD GILT 22/3/52 GBP0.014.64%
3TREASURY 5% GILT 20253.83%
4TREASURY 4% GILT 22/01/60 GBP0.012.73%
5TREASURY 0.125% GILT 22/03/68 GBP0.012.39%
6TREASURY 4.25% GILT 07/06/2032 GBP0.012.38%
7GLAXOSMITHKLINE CAPITAL 3.375% NTS 20/12/27 GBP10002.3%
8TREASURY 3.75% GILT 7/9/20 GBP0.012.3%
9TREASURY 3.25% GILT 22/01/44 GBP0.012.26%
Management
Fund manager group
NFU Mutual Unit Managers
Fund manager company
NFU Mutual Unit Managers Ltd
Fund type
OEIC
Fund objective
To provide a return from a portfolio investing mainly in gilts and investment grade corporate bonds. The fund will invest in a portfolio primarily of government and corporate bonds and other fixed and floating rate securities denominated mainly in sterling and issued by governments, government agencies, supra nationals and corporate issuers (including preference shares). Corporate bonds and other securities purchased by the fund will be of investment grade. The fund may also invest in other transferable securities and collective investment schemes. As well as investing in the Government of the United Kingdom and Northern Ireland, the fund may invest in Government and other public securities of the following EEA States: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain and Sweden and, in addition, the Governments of Australia, Canada, Japan, New Zealand, Norway, Switzerland and the United States of America.
Benchmark
  • IA Sterling Strategic Bond
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Kevin Watson20/07/2003Kevin Watson is head of NFU Mutual's Fixed Interest team and has overall responsibility for the Gilt & Corporate Bond Fund. Kevin joined NFU Mutual in October 1984 as an Investment Analyst and has been a Fund Manager since 1990. Kevin graduated in 1984 with a first class honours degree in Economics from the London School of Economics and is a Member of the Securities Institute.
Compliance
IA Recognised, UCITS V Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
NFU Mutual Gilt & Corporate Bond A
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price109.34
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNL99
NFU Mutual Gilt & Corporate Bond B
Initial charge3%
Annual charge1.25%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.3%
Bid price-
Offer price-
Mid price110.72
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeN351
NFU Mutual Gilt & Corporate Bond C
Initial charge-
Annual charge0.75%
Min single investment£1,000
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price107.89
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG7AJ
Data provided by

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