Fact sheet: RLP M&G Corporate Bond Pn

Fund information
Fund name
RLP M&G Corporate Bond Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • M&G Investmentssince 26/03/2010
Underlying fund
M&G Corporate Bond
Fund objective
The fund aims to achieve a higher total return (the combination of income and growth of capital) from investment than would be obtainable in UK government fixed interest securities (ie gilts) of similar maturities.
Benchmark
  • IA Corporate Bond Sector Average
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
5.8%
1 Year rank in sector
187/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£12m (£13m 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.
35
Bid price
141.6
Offer price
149.1
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn14.3%
FL TEActv Bln Bd IE12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
AEGON Long Core Plus Pn11.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK54.4%
    USA23.9%
    France6.9%
    Germany2.4%
    International2.1%
  • Asset/Mortgage-Backed Securities19.1%
    Telecommunications11.5%
    Banks9.9%
    Utilities9.1%
    Insurance5.9%
  • UK Corporate Fixed Interest52%
    US Corporate Fixed Interest23.2%
    French Corporate Fixed Interest5.6%
    UK Gilts2.9%
    German Corporate Fixed Interest2.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-4.2%1.9%5.8%17.6%33%
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector94 / 265115 / 265207 / 265187 / 260159 / 235180 / 210
Quartile2nd2nd4th3rd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.8%-0.2%10.6%-0.2%11.5%
Sector7.7%0.2%10.5%1%13.5%
Rank within sector182 / 260170 / 246123 / 235191 / 226170 / 210
Quartile3rd3rd3rd4th4th
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.
0.03
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.
0.92
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.
0.35
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%.
5.13
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.
1.58
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.
-0.27
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.
0.91
Price movement
52 week high149.2
52 week low131.6
Current bid price141.6
Current offer price149.1
Current mid price-
Region
1UK54.42%
2USA23.94%
3France6.93%
4Germany2.36%
5International2.08%
6Italy2.02%
7Money Market2%
8Spain1.8%
9Netherlands1.49%
Industry sector
1Asset/Mortgage-Backed Securities19.13%
2Telecommunications11.46%
3Banks9.91%
4Utilities9.06%
5Insurance5.9%
6Non-Cyclical Consumer Goods5.43%
7Real Estate4.88%
8Government Bonds4.61%
9Electronics4.2%
Asset type
1UK Corporate Fixed Interest52.03%
2US Corporate Fixed Interest23.23%
3French Corporate Fixed Interest5.59%
4UK Gilts2.85%
5German Corporate Fixed Interest2.36%
6Global Corporate Fixed Interest2.08%
7Money Market2%
8Dutch Corporate Fixed Interest1.49%
9Spanish Corporate Fixed Interest1.37%
Individual holdings
1TREASURY 4.75% GILT 07/12/38 GBP1.62%
2LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.59%
3IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.27%
4TREASURY 3.25% GILT 22/01/44 GBP0.011.24%
5WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.06%
6AT&T INC 4.875% UNSEC BDS 01/06/44 GBP1000001.04%
7MICROSOFT CORP 4% BDS 12/02/55 USD20000.83%
8MONDELEZ INTL INC 4.5% BDS 03/12/35 GBP10000.82%
9VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20000.82%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to achieve a higher total return (the combination of income and growth of capital) from investment than would be obtainable in UK government fixed interest securities (ie gilts) of similar maturities.
Benchmark
  • IA Corporate Bond Sector Average
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
NameSinceBiography
M&G Investments26/03/2010
Compliance
UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
RLP M&G Corporate Bond Pn
Initial charge-
Annual charge1.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.61%
Bid price141.6
Offer price149.1
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINL4
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.