Fact sheet: ReAssure NM Invesco Perp Corp Bd Pn

Fund information
Fund name
ReAssure NM Invesco Perp Corp Bd Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund manager
  • Paul Causersince 27/08/2003
Underlying fund
Invesco Perp Corporate Bd
Fund objective
The Invesco Perpetual Corporate Bond Fund aims to achieve a combination of income and capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in investment grade corporate debt securities. The Fund may also invest in government, unrated and subinvestment grade debt securities, cash, cash equivalents, money market instruments, collective investment schemes, and other transferable securities.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
5.4%
1 Year rank in sector
244/262
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£17m
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.
25
Bid price
186.5
Offer price
196.3
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP15.1%
OMW IPL L&G AAA CrpBdOv15YIx Pn13.1%
AEGON Long Core Plus Pn12.8%
AEGON UK Long Corporate Bond Pn12.8%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK61.7%
    USA12.8%
    France8.7%
    International2.6%
    Germany2.6%
  • Banks27.3%
    Utilities13.7%
    Insurance12.7%
    Telecommunications12.5%
    Foods3.8%
  • Global Corporate Fixed Interest95.5%
    Global Fixed Interest2.6%
    Money Market2.1%
    Alternative Investment Strategies-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%2%-0.7%5.4%10.6%30.7%
Sector0.4%2.2%-1.3%8.3%19.8%36.8%
Rank within sector77 / 268180 / 26692 / 266244 / 262223 / 236190 / 217
Quartile2nd3rd2nd4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund1.5%4.5%0.8%5.4%4.1%
Sector1.3%9.4%0.2%10.5%1%
Rank within sector94 / 266249 / 26280 / 247222 / 23634 / 227
Quartile2nd4th2nd4th1st
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.
-0.29
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.
0.61
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%.
3.75
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.
2.78
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.
-0.94
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.
0.77
Price movement
52 week high189.1
52 week low177.2
Current bid price186.5
Current offer price196.3
Current mid price-
Region
1UK61.74%
2USA12.81%
3France8.74%
4International2.59%
5Germany2.56%
6Netherlands2.38%
7Others2.37%
8Spain2.09%
9Money Market2.05%
Industry sector
1Banks27.33%
2Utilities13.65%
3Insurance12.71%
4Telecommunications12.5%
5Foods3.84%
6Transport3.81%
7Oil & Gas3.65%
8Retail2.94%
9Pharmaceuticals2.84%
Asset type
1Global Corporate Fixed Interest95.45%
2Global Fixed Interest2.63%
3Money Market2.05%
4Alternative Investment Strategies-0.13%
Individual holdings
1EUROPEAN INVESTMENT BANK 1.375% BDS 15/01/18 GBP1000001.8%
2LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000001.78%
3APPLE INC 3.85% BDS 04/05/43 USD2000144A1.63%
4BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.58%
5LLOYDS BANK PLC 7.625% NTS 22/04/25 GBP10001.49%
6LEGAL & GENERAL GROUP PERP PREF CALL CAP SECS GBP500001.31%
7PRUDENTIAL PLC 5% DATED NTS 20/07/55 GBP100000 21.2%
8HEATHROW FUNDING LTD CLS`A`5.225% UNWRP BDS 15/02/25GBP`REGS`1.15%
9AXA FRN 5.453%1.12%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Invesco Perpetual Corporate Bond Fund aims to achieve a combination of income and capital growth over the medium to long term. The Fund seeks to achieve its objective by investing primarily in investment grade corporate debt securities. The Fund may also invest in government, unrated and subinvestment grade debt securities, cash, cash equivalents, money market instruments, collective investment schemes, and other transferable securities.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Paul Causer27/08/2003Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure NM Invesco Perp Corp Bd Pn
Initial charge-
Annual charge1.04%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price186.5
Offer price196.3
Mid price-
CurrencyGBX
Price updated24/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeGM04
Data provided by

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