Fact sheet: Payden & Rygel Gbl Govt Bd Idx

Fund information
Fund name
Payden & Rygel Global Government Bond Index Inc GBP
Fund manager company
Payden & Rygel
Fund type
OEIC
Fund manager
No data available.
Fund objective
The Payden & Rygel approach to index replication centers on picking appropriate bonds to represent key risks. The fund assess the trade-off between constructing a portfolio of bonds which track the benchmark, whilst also limiting the number of securities owned to control transaction costs, to maintain liquidity and at the margin, to reflect relative value.
Benchmark
  • CITI World Government Bond Index
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical – Sampled/Optimised
Quick stats
1 Year return
5.5%
1 Year rank in sector
171/287
Sector
FO Fixed Int - Global
Yield
-
Fund size
£95,095m
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.
20
Top in this sector
Fund name1 Year
Capital Group GHIOL34.5%
Dodge & Cox Global Bond27.5%
Russell Gbl Bd27.2%
La Mondiale Global Bond26.9%
Aberdeen Global II GlGovtBd26.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA34%
    Eurozone31%
    Japan23%
    UK6%
    International4%
  • AAA47%
    A24%
    AA18%
    BBB11%
  • US Fixed Interest34%
    Eurozone Fixed Interest31%
    Japanese Fixed Interest23%
    UK Fixed Interest6%
    Global Fixed Interest4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0%2%5.5%15.4%21.6%
Sector0%2%4.4%6.2%8.6%17.4%
Rank within sector149 / 305280 / 303245 / 301171 / 28765 / 22861 / 161
Quartile2nd4th4th3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6%0.3%8.5%0.1%4.4%
Sector6.4%-1.6%3.7%-1.6%8.2%
Rank within sector164 / 29775 / 27540 / 23666 / 204128 / 169
Quartile3rd2nd1st2nd4th
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.
3.32
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.
0.58
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.
0.54
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%.
2.98
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.
2.78
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.
0.72
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.
0.26
Price movement
52 week high12.47
52 week low11.64
Current bid price-
Current offer price-
Current mid price12.38
Region
1USA34%
2Eurozone31%
3Japan23%
4UK6%
5International4%
6Scandinavia2%
Industry sector
1AAA47%
2A24%
3AA18%
4BBB11%
Asset type
1US Fixed Interest34%
2Eurozone Fixed Interest31%
3Japanese Fixed Interest23%
4UK Fixed Interest6%
5Global Fixed Interest4%
6Scandinavian Fixed Interest2%
Individual holdings
No data available.
Management
Fund manager group
Payden & Rygel
Fund manager company
Payden & Rygel
Fund type
OEIC
Fund objective
The Payden & Rygel approach to index replication centers on picking appropriate bonds to represent key risks. The fund assess the trade-off between constructing a portfolio of bonds which track the benchmark, whilst also limiting the number of securities owned to control transaction costs, to maintain liquidity and at the margin, to reflect relative value.
Benchmark
  • CITI World Government Bond Index
Investment style
Passive/Tracking
Investment method
Fixed Interest, Physical – Sampled/Optimised
Fund manager
No data available.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Ireland, Offshore
Payden & Rygel Global Government Bond Index Acc USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.2506
CurrencyUSD
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeN7TV
Payden & Rygel Global Government Bond Index CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.4677
CurrencyCHF
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC4H5
Payden & Rygel Global Government Bond Index GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price13.081
CurrencyGBP
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeC4H6
Payden & Rygel Global Government Bond Index Inc GBP
Initial charge-
Annual charge0.15%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.2%
Bid price-
Offer price-
Mid price12.3772
CurrencyGBP
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeG4M4
Payden & Rygel Global Government Bond Index NOK
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price148.2711
CurrencyNOK
Price updated28/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG4M6
Payden & Rygel Global Government Bond Index SGD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.1484
CurrencySGD
Price updated28/09/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeJ72S
Data provided by

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