Fact sheet: ReAssure AL PPBM&GHiYdCpBdPn

Fund information
Fund name
ReAssure AL PPB M&G High Yield Corporate Bond Pn RA
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Stefan Isaacssince 29/09/2010
  • James Tomlinssince 01/01/2014
Underlying fund
M&G Gbl Hi Yield Bd
Fund objective
The fund aims to deliver capital growth and a high level of income, which may vary over time. The fund invests principally in bonds issued by companies with a low credit rating, which typically pay higher levels of interest to compensate investors for the greater risk of default. Part of the fund may be invested in other fixed income assets, such as government bonds. Asset exposure is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
12.1%
1 Year rank in sector
31/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£0m (£0m 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.
40
Bid price
2.135
Offer price
2.247
Top in this sector
Fund name1 Year
L&G High Income Pn20.8%
OMW IPLPimUsHiYiBdPn18.3%
Aviva JPM Gbl HighYldBd Pn18.2%
SIP JPM Gbl Hi Yd Bd Pn17.7%
FL AXA Gbl High Inc EP16.8%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA43.4%
    UK17.4%
    Money Market6%
    Germany4.2%
    Luxembourg3.8%
  • BB41.1%
    B38.5%
    CCC8.6%
    BBB7.8%
    AA2.9%
  • US Fixed Interest43.4%
    UK Fixed Interest17.4%
    Money Market6%
    German Fixed Interest4.2%
    Luxembourg Fixed Interest3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%2.6%5.2%12.1%12.2%39.5%
Sector1.5%1.8%4.6%12.9%16.1%46.2%
Rank within sector16 / 589 / 5724 / 5731 / 5636 / 4935 / 46
Quartile2nd1st2nd3rd3rd4th
Calendar performance
 YTD - 20172016201520142013
Fund0.8%11.2%-1.8%1.5%6.9%
Sector0.7%11.2%-0.1%4.4%6.8%
Rank within sector35 / 5826 / 5640 / 5441 / 4935 / 49
Quartile3rd2nd3rd4th3rd
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.
-2.56
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.
1.22
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%.
5.69
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.
2.1
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.
-0.71
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.
0.89
Price movement
52 week high2.14
52 week low1.82
Current bid price2.14
Current offer price2.25
Current mid price-
Region
1USA43.38%
2UK17.43%
3Money Market6.02%
4Germany4.17%
5Luxembourg3.83%
6Spain3.2%
7France3.18%
8Italy3.09%
9Canada2.44%
Industry sector
1BB41.12%
2B38.47%
3CCC8.57%
4BBB7.83%
5AA2.91%
6Non-Rated0.89%
7D0.21%
Asset type
1US Fixed Interest43.38%
2UK Fixed Interest17.43%
3Money Market6.02%
4German Fixed Interest4.17%
5Luxembourg Fixed Interest3.83%
6Spanish Fixed Interest3.2%
7French Fixed Interest3.18%
8Italian Fixed Interest3.09%
9Canadian Fixed Interest2.44%
Individual holdings
1TREASURY 1.25% GILT 22/7/18 GBP0.014.64%
2TREASURY 0% TSY BILL 05/12/16 GBP13.56%
3TREASURY 1.75% GILT 22/07/19 GBP0.011.86%
4WILLIAM HILL PLC 4.875% BDS 07/09/23 GBP1000001.19%
5MATTERHORN TELECOM SA 3.875% BDS 01/05/22 EUR1000001.07%
6VTR FINANCE BV 6.875% BDS 15/01/24 USD2000000.96%
7JPMORGAN CHASE & CO DEP SHS REPR 1/10 7.9%NON CUM PFD I0.95%
8NUMERICABLE SFR 5.625% BDS 15/05/24 EUR100000 REG S0.95%
9SPRINT CORP 7.875% BDS 15/09/23 USD20000.94%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The fund aims to deliver capital growth and a high level of income, which may vary over time. The fund invests principally in bonds issued by companies with a low credit rating, which typically pay higher levels of interest to compensate investors for the greater risk of default. Part of the fund may be invested in other fixed income assets, such as government bonds. Asset exposure is gained through physical holdings and the use of derivatives.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
No data available.
Fund managers
NameSinceBiography
Stefan Isaacs29/09/2010Stefan Isaacs is Deputy Head of Retail Fixed Interest for M&G's mutual fund range. He joined M&G as a graduate in 2001 and was subsequently promoted to corporate bond dealer specialising in high yield bonds and euro-denominated credit. Stefan joined the fund management team in 2006 and was appointed fund manager of the M&G European Corporate Bond Fund in April 2007 and the M&G Global High Yield Bond Fund in October 2010. Stefan is also deputy fund manager of the M&G Optimal Income Fund, the M&G European High Yield Fund and the M&G Global Floating Rate High Yield Fund.
James Tomlins01/01/2014James Tomlins joined M&G in June 2011 and was appointed fund manager of the M&G European High Yield Bond Fund later that year. In January 2014, he became co-manager of the M&G Global High Yield Bond Fund after two years as deputy manager on the fund. James has also managed the M&G Global Floating Rate High Yield Fund since its launch in September 2014. James is a specialist in high yield credit with more than 10 years’ experience in this sector. He was previously an analyst and then a fund manager at Cazenove Capital Management. Before Cazenove, James was at KBC Alternative Investment Management; in the three years prior to that, he worked at Merrill Lynch Investment Managers. James is a CFA charterholder. He graduated with an MA in history and PgDip in economics from the University of Cambridge.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure AL PPB M&G High Yield Corporate Bond Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2.087
Offer price2.196
Mid price-
CurrencyGBP
Price updated16/01/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeAF35
ReAssure AL PPB M&G High Yield Corporate Bond Pn RA
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price2.135
Offer price2.247
Mid price-
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeB6A4
Data provided by

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