Fact sheet: ReAssure PIMCOGISGbl(Strl Hgd)PPBPn

Fund information
Fund name
ReAssure PIMCO GIS Global (Sterling Hedged) PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Andrew Ballssince 25/09/2014
  • Lorenzo Paganisince 25/09/2014
  • Sachin Guptasince 25/09/2014
Underlying fund
Pimco GIS Gbl Bd
Fund objective
The fund aims to prudently generate a total return through a combination of both income and capital growth. The fund invests primarily in a range of investment grade fixed income securities (which are loans that pay a fixed or variable rate of interest) issued by companies or governments from around the world. Securities will be priced in a range of global currencies. The investment advisor will choose securities with varying repayment dates based on its expectations for interest rate and exchange rate changes. The fund may invest substantially in emerging markets, which in investment terms are those economies that are still developing. Investment grade securities, as determined by international ratings agencies, whilst potentially producing a lower level of income than noninvestment grade securities, are also considered to be of lower risk. The fund may also invest up to 1% in securities which are rated lower than BBB but rated at least B by these same agencies.
Benchmark
  • Bloomberg Barclays Global Aggregate
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
1.016
Offer price
1.069
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

  • Japan38%
    USA30.2%
    UK17.6%
    EU11.4%
    Canada10.3%
  • Government Guaranteed59%
    Mortgage & Secured Bonds21%
    Index Linked7%
    Investment Grade Bonds7%
    High Yield Bond3%
  • Japanese Fixed Interest38%
    US Fixed Interest30.2%
    UK Fixed Interest17.6%
    European Fixed Interest11.4%
    Canadian Fixed Interest10.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.6%-2.2%1.1%---
Sector-4%-2.3%6.7%13%17.7%20.3%
Rank within sector30 / 14472 / 142126 / 141---
Quartile1st3rd4th
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 high1.04
52 week low1
Current bid price1.02
Current offer price1.07
Current mid price-
Region
1Japan37.98%
2USA30.2%
3UK17.63%
4EU11.41%
5Canada10.33%
6Denmark7.87%
7Germany5.87%
8France5.23%
9Slovenia3.23%
Industry sector
1Government Guaranteed59%
2Mortgage & Secured Bonds21%
3Index Linked7%
4Investment Grade Bonds7%
5High Yield Bond3%
6Others2%
7Short Dated Bonds1%
Asset type
1Japanese Fixed Interest37.98%
2US Fixed Interest30.2%
3UK Fixed Interest17.63%
4European Fixed Interest11.41%
5Canadian Fixed Interest10.33%
6Danish Fixed Interest7.87%
7German Fixed Interest5.87%
8French Fixed Interest5.23%
9Slovenian Fixed Interest3.23%
Individual holdings
1U S TREASURY INFLATE PROT BD5.5%
2JAPANESE GOVT BOND (20Y) #1504.6%
3FNMA TBA 3.0% JUL 30YR4.5%
4FNMA TBA 3.0% AUG 30YR2.3%
5LETRA TESOURO NACIONAL2.1%
6ITALIAN BTP BOND1.7%
7ONTARIO (PROVINCE OF)1.4%
8GNMA II TBA 4.0% AUG 30YR JMBO1.3%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The fund aims to prudently generate a total return through a combination of both income and capital growth. The fund invests primarily in a range of investment grade fixed income securities (which are loans that pay a fixed or variable rate of interest) issued by companies or governments from around the world. Securities will be priced in a range of global currencies. The investment advisor will choose securities with varying repayment dates based on its expectations for interest rate and exchange rate changes. The fund may invest substantially in emerging markets, which in investment terms are those economies that are still developing. Investment grade securities, as determined by international ratings agencies, whilst potentially producing a lower level of income than noninvestment grade securities, are also considered to be of lower risk. The fund may also invest up to 1% in securities which are rated lower than BBB but rated at least B by these same agencies.
Benchmark
  • Bloomberg Barclays Global Aggregate
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Andrew Balls25/09/2014Mr. Balls is PIMCO's CIO Global. Based in the London office, he oversees the firm’s European, Asia-Pacific, emerging markets and global specialist investment teams. He manages a range of global and European portfolios and is a member of the Investment Committee and the Executive Committee. Previously, he was head of European portfolio management, a global portfolio manager in the Newport Beach office and the firm’s global strategist. Prior to joining PIMCO in 2006, he was an economics correspondent and columnist for the Financial Times in London, New York and Washington, DC. He has 16 years of investment and economics/financial markets experience and holds a bachelor's degree from Oxford and a master's degree from Harvard University. He was a lecturer in economics at Keble College, Oxford.
Lorenzo Pagani25/09/2014Dr. Pagani is a managing director and portfolio manager in the Munich office and head of the European government bond and European rates desk. He is also a member of the European portfolio committee and a member of the counterparty risk committee. Prior to joining PIMCO in 2004, he was with the nuclear engineering department at the Massachusetts Institute of Technology (MIT) and with Procter & Gamble in Italy. He has 12 years of investment experience and holds a Ph.D. in nuclear engineering from MIT. He graduated from the Financial Technology Option program of MIT/Sloan Business School and holds a joint master of science degree from the Politecnico di Milano in Italy and the Ecole Centrale de Paris in France.
Sachin Gupta25/09/2014Mr. Gupta is an executive vice president and portfolio manager in the Newport Beach office and manages global portfolios. Previously, he was in the London office and managed European LDI portfolios. Additionally, he was part of PIMCO’s global portfolio management team in the Singapore office. In these roles, he focused on investments in government bonds, sovereign credit derivatives and interest rate derivatives across developed markets. Prior to joining PIMCO in 2003, he was in the fixed income and currency derivatives group at ABN AMRO Bank. He has 17 years of investment experience and holds an MBA from XLRI, India. He received an undergraduate degree from Indian Institute of Technology, Delhi.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure PIMCO GIS Global (Sterling Hedged) 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 price1.016
Offer price1.069
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LO
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