Fact sheet: ReAssure BKFIOpp(Sterling Hdg)PPBPn

Fund information
Fund name
ReAssure BlackRock FI Opp (Sterling Hedged) PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund manager
  • Rick Riedersince 14/04/2016
Underlying fund
BlackRock GF FdIc GblOp
Fund objective
The Fixed Income Global Opportunities Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m
Bid price
1.02
Offer price
1.074
Top in this sector
Fund name1 Year
FL GM Overseas Bond Pension30.7%
OMW M&G Glbl Government Bond29.4%
Pru Intnl Bd Pn27.3%
M&G PP International Bond Pn27%
AEGON Overseas Bond Pn26.3%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA80%
    Money Market28.2%
    India4.2%
    UK4.1%
    Brazil3.6%
  • Investment Grade Bonds42.9%
    Money Market28.2%
    Asset/Mortgage-Backed Securities27.2%
    Debt13.7%
    High Yield Bond10.7%
  • US Fixed Interest80%
    Money Market28.2%
    Indian Fixed Interest4.2%
    UK Fixed Interest4.1%
    Brazilian Fixed Interest3.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund--1.6%---
Sector-4%-2.3%6.7%13%17.7%20.3%
Rank within sector4 / 14430 / 142116 / 141---
Quartile1st1st4th
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector12.6%-0.3%6.1%-3.6%3%
Rank within sector-----
Quartile
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high1.02
52 week low1
Current bid price1.02
Current offer price1.07
Current mid price-
Region
1USA80.01%
2Money Market28.19%
3India4.21%
4UK4.07%
5Brazil3.56%
6Japan3.09%
7EU2.75%
8China2.26%
9Cayman Islands1.68%
Industry sector
1Investment Grade Bonds42.85%
2Money Market28.19%
3Asset/Mortgage-Backed Securities27.2%
4Debt13.65%
5High Yield Bond10.65%
6Government Bonds9.28%
7Others2.04%
8Government Agency Bonds-6.62%
9Derivatives-27.24%
Asset type
1US Fixed Interest80.01%
2Money Market28.19%
3Indian Fixed Interest4.21%
4UK Fixed Interest4.1%
5Brazilian Fixed Interest3.56%
6American Emerging Fixed Interest3.37%
7Japanese Fixed Interest3.09%
8European Fixed Interest2.75%
9Chinese Fixed Interest2.26%
Individual holdings
1SPDR Barclays High Yield Bond ETF2.57%
2FGOLD 30YR TBA(REG A) 4 11/14/20162.47%
3FNMA 30YR TBA(REG A) 3.5 11/14/20162.37%
4FNMA 30YR TBA(REG A) 4 11/14/20162.15%
5JAPAN(GOVERNMENT OF) 0.1% BDS 15/09/17 JPY10001.97%
6TREASURY (CPI) NOTE 0.125 04/15/20191.81%
7TREASURY (CPI) NOTE 0.125 04/15/20211.72%
8FNMA 15YR 2014 PRODUCTION1.67%
9TREASURY (CPI) NOTE 0.125 07/15/20261.36%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Fixed Income Global Opportunities Fund seeks to maximise total return. The Fund invests at least 70% of its total assets in fixed income transferable securities denominated in various currencies issued by governments, agencies and companies worldwide. The full spectrum of available securities, including non-investment grade, may be utilised. Currency exposure is flexibly managed.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Rick Rieder14/04/2016Rick Rieder, Managing Director, is BlackRock's Chief Investment Officer of Fundamental Fixed Income, Co-head of Americas Fixed Income and a member of the Executive Committee of the firm-wide Alpha Strategy business, a member of BlackRock's Global Operating Committee and Chairman of the BlackRock Investment Council. Before joining BlackRock in 2009, Mr. Rieder was President and Chief Executive Officer of R3 Capital Partners. He served as Vice Chairman and member of the Borrowing Committee for the U.S. Treasury. Mr. Rieder is currently a member of the Federal Reserve Bank of New York's Investment Advisory Committee on Financial Markets, and was recently elected as the 2013 inductee into the Fixed Income Analysts Society Fixed Income Hall of Fame. From 1987 to 2008, Mr. Rieder was with Lehman Brothers, most recently as head of the firm's Global Principal Strategies team, a global proprietary investment platform. He was also global head of the firm's credit businesses, Chairman of the Corporate Bond and Loan Capital Commitment Committee, and a member of the Board of Trustees for the corporate pension fund. Before joining Lehman Brothers, Mr. Rieder was a credit analyst at SunTrust Banks in Atlanta. Mr. Rieder earned a BBA degree in Finance from Emory University in 1983 and an MBA degree from The Wharton School of the University of Pennsylvania in 1987. He is a member of the board of Emory University, Emory's Business School, and the University's Investment Committee and is the Vice Chairman of the Finance Committee, and founder and chairman of the business school's BBA investment fund and community financial literacy program. Mr. Rieder serves as Chairman of the Board of North Star Academy's nine Charter Schools in Newark, New Jersey and is the Founder and Chairman of the Board of Graduation Generation Public School Collaboration in Atlanta. He is a Trustee for the US Olympic Committee, and on the board of advisors for the Hospital for Special Surgery. He serves on the National Leadership Council of the Communities in Schools Educational Foundation and the boards of Big Brothers/Big Sisters of Newark and Essex County and the Newark Youth Foundation.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure BlackRock FI Opp (Sterling Hedged) PPB Pn
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.02
Offer price1.074
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6KM
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