Fact sheet: RLP M&G Optimal Income Pn

Fund information
Fund name
RLP M&G Optimal Income Pn
Fund manager company
Royal London
Fund type
Pension Fund
Fund manager
  • M&G Investmentssince 26/03/2010
Underlying fund
M&G Optimal Income
Fund objective
The fund aims to deliver income and capital growth by investing in a broad range of fixed income securities, wherever the manager sees the greatest opportunities. The manager may also hold up to 20% of the portfolio in company shares when he believes they offer better value than bonds. Exposure to these assets is gained through physical holdings and the use of derivatives. An in-house team of independent credit analysts assists the fund manager in the selection of individual bond issues.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.1%
1 Year rank in sector
51/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£20m (£22m 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.
32
Bid price
139.9
Offer price
147.3
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
Canlife AXA Fram Mgd Inc Pn9.4%
OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • USA32.2%
    UK23.3%
    Germany22.1%
    France6.5%
    Italy2.6%
  • Government Bonds20.7%
    Telecommunications14.5%
    Banks12.3%
    Asset/Mortgage-Backed Securities7.4%
    Media6.1%
  • US Corporate Fixed Interest29.7%
    UK Corporate Fixed Interest21.7%
    German Government Fixed Interest12.8%
    French Corporate Fixed Interest5.8%
    Global Index Linked4.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.4%0.3%4.1%6.1%11.7%35.3%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector7 / 17219 / 17234 / 17251 / 168102 / 15596 / 143
Quartile1st1st1st2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.8%-1.1%4.8%7.3%13.2%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector51 / 168138 / 16396 / 15562 / 151122 / 143
Quartile2nd4th3rd2nd4th
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.
-0.6
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.
0.99
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%.
3.69
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.
1.88
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.
-0.35
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.
0.74
Price movement
52 week high139.9
52 week low126.2
Current bid price139.9
Current offer price147.3
Current mid price-
Region
1USA32.23%
2UK23.29%
3Germany22.11%
4France6.53%
5Italy2.59%
6Money Market2.56%
7Netherlands2.1%
8Mexico1.45%
9Spain1.2%
Industry sector
1Government Bonds20.74%
2Telecommunications14.51%
3Banks12.26%
4Asset/Mortgage-Backed Securities7.41%
5Media6.1%
6Equities5.02%
7Insurance4.27%
8Electronics3.77%
9Utilities3.48%
Asset type
1US Corporate Fixed Interest29.69%
2UK Corporate Fixed Interest21.71%
3German Government Fixed Interest12.84%
4French Corporate Fixed Interest5.76%
5Global Index Linked4.71%
6German Corporate Fixed Interest3.64%
7Money Market2.56%
8Dutch Corporate Fixed Interest1.92%
9US Equities1.88%
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 13/10/17 EUR10003.46%
2GERMANY(FEDERAL REPUBLIC OF) FRN 23/02/18 EUR0.01 1652.33%
3GERMANY(FEDERAL REPUBLIC OF) 0.25% BDS 13/04/18 EUR1002.32%
4GERMANY(FEDERAL REPUBLIC OF) 0.5% BDS 07/04/17 EUR1002.3%
5GERMANY(FEDERAL REPUBLIC) 1.75% ILN 15/04/20 EUR0.012.09%
6GERMANY(FEDERAL REPUBLIC OF) IDX/LKD 15/04/18 EUR10001.87%
7VERIZON COMMUNICATIONS INC 4.672% NTS 15/03/55 USD20001.46%
8VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20001.46%
9TREASURY 1% GILT 07/09/17 GBP0.011.28%
Management
Fund manager group
Scottish Life
Fund manager company
Royal London
Fund type
Pension Fund
Fund objective
The fund aims to deliver income and capital growth by investing in a broad range of fixed income securities, wherever the manager sees the greatest opportunities. The manager may also hold up to 20% of the portfolio in company shares when he believes they offer better value than bonds. Exposure to these assets is gained through physical holdings and the use of derivatives. An in-house team of independent credit analysts assists the fund manager in the selection of individual bond issues.
Benchmark
  • IA £ Strategic Bond Sector
Investment style
No data available.
Investment method
No data available.
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 Optimal Income Pn
Initial charge-
Annual charge1.58%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.74%
Bid price139.9
Offer price147.3
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeINL7
Data provided by

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