Fact sheet: PineBridge Global Bond

Fund information
Fund name
PineBridge Global Bond A
Fund manager company
PineBridge Investments Ltd IRL
Fund type
Unit Trust
Fund managers
  • Roberto Coronadosince 31/07/2015
  • Anthony Kingsince 30/04/2000
Fund objective
The fund seeks to achieve income and capital appreciation by investing in a portfolio of fixed income securities denominated in a broad range of currencies.
Benchmark
  • Barclays Global Aggregate ex Securitised Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
4%
1 Year rank in sector
104/295
Sector
FO Fixed Int - Global
Yield
-
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.
2%
Fund size
£45m (£45m 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.
79
Top in this sector
Fund name1 Year
Capital Group GHIOL35.6%
Dodge & Cox Global Bond27.3%
HSBC GIF Gbl AsBk Bd24.3%
SKAGEN Tellus23.4%
Russell Gbl Bd23.4%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA24.8%
    Japan18.7%
    UK10.3%
    Switzerland7.8%
    Germany6.6%
  • BBB30.7%
    A25.4%
    AAA25%
    AA15.6%
    Non-Rated2.4%
  • US Fixed Interest24.8%
    Japanese Fixed Interest18.7%
    UK Fixed Interest10.3%
    Swiss Fixed Interest7.8%
    German Fixed Interest6.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-2.8%-0.6%4%0.9%-4.5%
Sector-1.6%-2.1%0.7%3.5%6.2%13.7%
Rank within sector145 / 315186 / 312199 / 306104 / 295170 / 235149 / 169
Quartile2nd3rd3rd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund4.5%-0.7%-2.4%-6.8%0.7%
Sector4.2%-1.6%3.7%-1.6%8.2%
Rank within sector106 / 298128 / 274220 / 235186 / 206161 / 171
Quartile2nd2nd4th4th4th
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.
-1.67
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.
1.01
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%.
4.17
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.
3.07
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.
-0.55
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.
0.46
Price movement
52 week high21.77
52 week low20.09
Current bid price-
Current offer price-
Current mid price20.98
Region
1USA24.8%
2Japan18.7%
3UK10.3%
4Switzerland7.8%
5Germany6.6%
6Italy6.3%
7Spain6%
8France5.6%
9Others5.4%
Industry sector
1BBB30.7%
2A25.4%
3AAA25%
4AA15.6%
5Non-Rated2.4%
6BB0.9%
Asset type
1US Fixed Interest24.8%
2Japanese Fixed Interest18.7%
3UK Fixed Interest10.3%
4Swiss Fixed Interest7.8%
5German Fixed Interest6.6%
6Italian Fixed Interest6.3%
7Spanish Fixed Interest6%
8French Fixed Interest5.6%
9Global Fixed Interest5.4%
Individual holdings
1JAPAN(GOVERNMENT OF) 0.1% NTS 20/09/20 JPY10005.4%
2INTESA SANPAOLO SPA 3.875% BDS 15/01/19 USD1000 REGS4.4%
3UNITED STATES OF AMER TREAS BONDS 2% BDS 30/11/22 USD1004%
4JAPAN(GOVERNMENT OF) 0.1% BDS 20/12/19 JPY500003.8%
55.75% IBERDROLA 27/FEB/20183.5%
6BELGIUM(KINGDOM OF) 5% OLO 28/03/2035 EUR0.013.5%
7JAPAN(GOVERNMENT OF) 0.3% BDS 20/12/25 JPY1003.5%
82.75% GLENCORE INTERNATIONAL AG 01/APR/20213.3%
9UNITED STATES OF AMER TREAS NOTES 1.375% BDS 31/08/23 USD1003.2%
Management
Fund manager group
PineBridge Investments
Fund manager company
PineBridge Investments Ltd IRL
Fund type
Unit Trust
Fund objective
The fund seeks to achieve income and capital appreciation by investing in a portfolio of fixed income securities denominated in a broad range of currencies.
Benchmark
  • Barclays Global Aggregate ex Securitised Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Roberto Coronado31/07/2015
Anthony King30/04/2000Mr. King joined the firm in 2000. He is a Managing Director, responsible for interest rate, currency and credit risk on both multi-currency and single currency bond portfolios. Additionally Mr. King is a Director of PBIEL and serves as Regional CEO for Europe. During his tenure at the firm, Mr. King has been in charge of initiating both Euro and Global Aggregate Bond products, both of which combine interest rate, currency and credit risk within a portfolio to provide a broad selection of alpha opportunities. Mr. King's financial industry experience began in 1989 at J.P. Morgan Investment Management, where he was responsible for managing both single and multi-currency bond portfolios on behalf of pension funds and private clients. In his 11-year tenure with J.P. Morgan, Mr. King undertook positions in capital markets research, fixed income trading and portfolio management where he focused on risk management techniques, the use of derivatives and macro economic analysis. Mr. King received a BSc (Honors) in Geography and Statistics from the University of Southampton. He holds the Investment Management Certificate (IMC). Mr. King is also registered as a holder of the Commodity Futures Trading Commission (CFTC) Series 3 qualification.
Compliance
UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Germany, United Kingdom, Hong Kong, Ireland, Macau, Offshore, Singapore, Sweden, Taiwan - Province Of China
PineBridge Global Bond A
Initial charge5%
Annual charge1.1%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)1.88%
Bid price-
Offer price-
Mid price20.9801
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA287
PineBridge Global Bond Y
Initial charge5%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)0.88%
Bid price-
Offer price-
Mid price276.2833
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeXX03
Data provided by

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