Fact sheet: ReAssure M&G Strtgc Corp Bd PPB Pn

Fund information
Fund name
ReAssure M&G Strategic Corporate Bond PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Richard Woolnoughsince 20/02/2004
  • Ben Lordsince 01/01/2007
Underlying fund
M&G Strategic Corp Bd
Fund objective
The M&G Strategic Corporate Bond fund is invested primarily in sterling denominated investment grade debt.the fund manager enjoys considerable freedom to invest in other debt instruments. Up to 20% of the portfolio may be invested in higher yielding corporate bonds, government debt, convertibles and preference stocks The investment approach is very much 'top-down', therefore, the fund manager's economic outlook will determine the portfolio's duration, and in which asset classes and sectors it is concentrated. The fund manager uses proprietary research, rather than external research. M&G's in-house team of credit analysts provide bottom-up analysis of the corporate bond markets, which complements the fund manager's top-down views. Default risk is constantly monitored. The fund manager subscribes to the notion that when investing in credit, superior performance is gained by avoiding the 'losers' rather than picking the 'winners'.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£0m
Bid price
1.057
Offer price
1.113
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP15.4%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.4%
Zurich M&G All StCor Bd12.8%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12.8%
Aviva AT SF Corp Bd Pn12.6%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK43.8%
    USA27.7%
    France8%
    Money Market5.8%
    Germany3.3%
  • Asset/Mortgage-Backed Securities18.1%
    Banks12.3%
    Telecommunications12.1%
    Utilities8.7%
    Insurance6.4%
  • UK Fixed Interest43.8%
    US Fixed Interest27.7%
    French Fixed Interest8%
    Money Market5.8%
    German Fixed Interest3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-0.8%---
Sector0.4%2.3%-1.5%8.4%19.7%36.9%
Rank within sector167 / 268226 / 26670 / 266---
Quartile3rd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.1%----
Sector1.3%9.4%0.2%10.5%1%
Rank within sector208 / 266----
Quartile4th
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 high1.07
52 week low1
Current bid price1.06
Current offer price1.11
Current mid price-
Region
1UK43.8%
2USA27.68%
3France7.97%
4Money Market5.83%
5Germany3.35%
6Italy2.77%
7Spain2.19%
8Netherlands1.58%
9Belgium1.15%
Industry sector
1Asset/Mortgage-Backed Securities18.11%
2Banks12.26%
3Telecommunications12.14%
4Utilities8.73%
5Insurance6.39%
6Government Agency Bonds5.21%
7Real Estate5.07%
8Non-Cyclical Consumer Goods4.52%
9Technology4.01%
Asset type
1UK Fixed Interest43.8%
2US Fixed Interest27.68%
3French Fixed Interest7.97%
4Money Market5.83%
5German Fixed Interest3.35%
6Italian Fixed Interest2.77%
7Spanish Fixed Interest2.19%
8Dutch Fixed Interest1.58%
9Belgian Fixed Interest1.15%
Individual holdings
1WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.65%
2LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.42%
3HEATHROW FUNDING LTD 6.75% BDS 03/12/28 GBP500000.97%
4MICROSOFT CORP 4% BDS 12/02/55 USD20000.93%
5JPMORGAN CHASE BANK NA 3.5% NTS 18/12/26 GBP10000.92%
6VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20000.83%
7ITALY(REPUBLIC OF) 6% EUR MED TRM NOTES 4/8/2028 GBP10000.82%
8APPLE INC 3.05% BDS 31/07/29 GBP1000000.8%
9TIME WARNER CABLE INC 5.25% BDS 15/07/42 GBP1000000.79%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The M&G Strategic Corporate Bond fund is invested primarily in sterling denominated investment grade debt.the fund manager enjoys considerable freedom to invest in other debt instruments. Up to 20% of the portfolio may be invested in higher yielding corporate bonds, government debt, convertibles and preference stocks The investment approach is very much 'top-down', therefore, the fund manager's economic outlook will determine the portfolio's duration, and in which asset classes and sectors it is concentrated. The fund manager uses proprietary research, rather than external research. M&G's in-house team of credit analysts provide bottom-up analysis of the corporate bond markets, which complements the fund manager's top-down views. Default risk is constantly monitored. The fund manager subscribes to the notion that when investing in credit, superior performance is gained by avoiding the 'losers' rather than picking the 'winners'.
Benchmark
  • IA £ Corporate Bond
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Richard Woolnough20/02/2004Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.
Ben Lord01/01/2007Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure M&G Strategic Corporate Bond PPB Pn
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1.057
Offer price1.113
Mid price-
CurrencyGBP
Price updated27/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LJ
Data provided by

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