Fact sheet: RLP International Govt BdPn

Fund information
Fund name
RLP International Government Bond Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund managers
  • Craig Inchessince 31/01/2016
  • Paul Raynersince 01/09/2014
Underlying fund
Royal London Intl Gvt Bd
Fund objective
The fund aims to outperform its benchmark. The fund invests primarily in high quality bonds issued by governments around the world. The fund may also invest in other securities including UK government bonds and high quality bonds issued by companies. The fund may use derivatives, but for efficient portfolio management purposes only.
Benchmark
  • ABI UK - Global Fixed Interest
Investment style
No data available.
Investment method
None
Quick stats
1 Year return
-0.6%
1 Year rank in sector
135/135
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m
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
Bid price
108.2
Offer price
114
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn23%
OMW IPL 2035 Idx Lkd Gilt Pn20%
Scot Eq AegonIntcEgMtsLclCrDtPn19.7%
FL MyM HBP Blended Bnd Pn19.2%
Zurich L&G PreRtrmnt Infln Lkd18.8%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA52.5%
    Japan26.5%
    France6.4%
    Germany5.3%
    Italy3.1%
  • AA59.6%
    A26.5%
    AAA9.9%
    BBB4.1%
  • US Fixed Interest52.5%
    Japanese Fixed Interest26.5%
    French Fixed Interest6.4%
    German Fixed Interest5.3%
    Italian Fixed Interest3.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%0.7%-1.9%-0.6%7.1%12%
Sector-0.5%1.3%-2.7%9.2%19.1%21.6%
Rank within sector38 / 14349 / 14163 / 141135 / 13599 / 11178 / 92
Quartile2nd2nd2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.1%2.5%1%5.6%0.1%
Sector0.2%14.1%-0.3%6.1%-3.6%
Rank within sector53 / 141119 / 12747 / 11961 / 10721 / 101
Quartile2nd4th2nd3rd1st
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.
-0.05
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.
0.37
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%.
2.79
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.
4.04
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.
-0.94
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.
0.62
Price movement
52 week high112.7
52 week low106.8
Current bid price108.2
Current offer price114
Current mid price-
Region
1USA52.5%
2Japan26.45%
3France6.42%
4Germany5.3%
5Italy3.06%
6Netherlands2.19%
7Australia1.37%
8Spain1.02%
9Sweden0.87%
Industry sector
1AA59.59%
2A26.45%
3AAA9.88%
4BBB4.08%
Asset type
1US Fixed Interest52.5%
2Japanese Fixed Interest26.45%
3French Fixed Interest6.42%
4German Fixed Interest5.3%
5Italian Fixed Interest3.06%
6Dutch Fixed Interest2.19%
7Australian Fixed Interest1.37%
8Spanish Fixed Interest1.02%
9Swedish Fixed Interest0.87%
Individual holdings
1US TREASURY NOTE 1.25% 31/10/20197.39%
2UNITED STATES OF AMER TREAS NOTES 1% TB 30/06/19 USD100 WI6.56%
3US TREASURY 1.375% 31/12/20185.28%
4U.S. Treasury Notes 2.0000% Mat 11/15/20215.01%
5UNITED STATES OF AMER TREAS NOTES 0.625% TB 30/06/18 USD1004.95%
6JAPAN(GOVERNMENT OF) 1% BDS 20/09/20 JPY50000 SRS 3104.89%
7JAPAN(GOVERNMENT OF) 1.5% BDS 20/12/17 JPY50000 `289`4.61%
8JAPAN(GOVERNMENT OF) 1.7% BDS 20/12/32 JPY100003.55%
9US TREASURY NOTE 4.375% 15/05/20413.35%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to outperform its benchmark. The fund invests primarily in high quality bonds issued by governments around the world. The fund may also invest in other securities including UK government bonds and high quality bonds issued by companies. The fund may use derivatives, but for efficient portfolio management purposes only.
Benchmark
  • ABI UK - Global Fixed Interest
Investment style
No data available.
Investment method
None
Fund managers
NameSinceBiography
Craig Inches31/01/2016Craig joined RLAM in January 2009 as a fund manager with the fixed interest team. He is responsible for the management of government bond portfolios including index-linked bonds, gilts and non UK sovereign debt. Craig joined RLAM after an 11 year career at Scottish Widows Investment Partnership (SWIP) where he was Fixed Income Investment Director. At SWIP, Craig built up a strong track record across a wide range of fixed income funds. Craig has an MSc in Investment Analysis from Stirling University and a BSc (Hons) in Actuarial Mathematics and Statistics from Heriot-Watt University.
Paul Rayner01/09/2014Paul Rayner is Head of Government Bonds at RLAM and works closely with Government Bond Fund Manager Craig Inches. He is supported by a skilled and experienced team of specialist investors across all disciplines employed within the fund. Paul joined RLAM in June 2005 from SG Asset Management where he was Head of UK Bonds. Paul has over 25 years experience in managing UK and global government bonds and is a graduate in Economics from the University of Kent.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
RLP International Government Bond Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price108.2
Offer price114
Mid price-
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0KUZ
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