Fact sheet: ReAssure PimcoGlbGrdCd(GBPHgd)PPBPn

Fund information
Fund name
ReAssure Pimco Glob GradeCredit (GBP Hedged) PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Mohit Mittalsince 31/07/2016
  • Jelle Bronssince 31/07/2016
  • Mark R. Kieselsince 22/07/2003
Underlying fund
Pimco GIS GblInvGrCr
Fund objective
The investment objective of the Global Investment Grade Credit Fund is to seek to maximise total return, consistent with preservation of capital and prudent investment management. The Fund invests at least two-thirds of its assets in a diversified portfolio of investment grade corporate Fixed Income Securities of issuers, having their registered office or predominant operations in at least three countries, one of which may be the U.S.
Benchmark
  • Barclays Global Aggregate Credit 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
1.029
Offer price
1.083
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn34.1%
Scot Eq AegonIntcEgMtsLclCrDtPn30.9%
OMW M&G Glbl Government Bond25.9%
Scot Eq Ovrss Crp Bd Trkr Pn24%
LV= BlackRock OseaCorBdTrk Pn23.8%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA28.7%
    Germany12.7%
    UK10.5%
    Italy7.1%
    Japan4.9%
  • Investment Grade Bonds58.9%
    Government Guaranteed24.5%
    Others14.5%
    Mortgage & Secured Bonds12.5%
    High Yield Bond9.5%
  • US Fixed Interest28.7%
    German Fixed Interest12.7%
    UK Fixed Interest10.7%
    Italian Fixed Interest7.1%
    Japanese Fixed Interest4.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%-1.3%-0.9%---
Sector2.6%-2.4%1.6%13%20.5%19.8%
Rank within sector111 / 14651 / 145116 / 143---
Quartile4th2nd4th
Calendar performance
 YTD - 20172016201520142013
Fund0.5%----
Sector0.9%14.1%-0.3%6.1%-3.6%
Rank within sector94 / 146----
Quartile3rd
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 high1.05
52 week low1
Current bid price1.03
Current offer price1.08
Current mid price-
Region
1USA28.67%
2Germany12.71%
3UK10.51%
4Italy7.14%
5Japan4.9%
6Mexico4.29%
7China3.66%
8Brazil3.52%
9Switzerland3.17%
Industry sector
1Investment Grade Bonds58.88%
2Government Guaranteed24.52%
3Others14.52%
4Mortgage & Secured Bonds12.49%
5High Yield Bond9.51%
6Local Government Bonds0.32%
7Money Market-20.24%
Asset type
1US Fixed Interest28.67%
2German Fixed Interest12.71%
3UK Fixed Interest10.7%
4Italian Fixed Interest7.14%
5Japanese Fixed Interest4.9%
6Mexican Fixed Interest4.29%
7Chinese Fixed Interest3.66%
8Brazilian Fixed Interest3.52%
9Swiss Fixed Interest3.17%
Individual holdings
1U S TREASURY NOTE19.4%
2U S TREASURY BOND 4.9%
3FNMA TBA 3.5% NOV 30YR3.5%
4LAS VEGAS SANDS LLC TL B1.2%
5BANK OF AMERICA CORP NT MTN1.1%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The investment objective of the Global Investment Grade Credit Fund is to seek to maximise total return, consistent with preservation of capital and prudent investment management. The Fund invests at least two-thirds of its assets in a diversified portfolio of investment grade corporate Fixed Income Securities of issuers, having their registered office or predominant operations in at least three countries, one of which may be the U.S.
Benchmark
  • Barclays Global Aggregate Credit Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Mohit Mittal31/07/2016
Jelle Brons31/07/2016
Mark R. Kiesel22/07/2003Mr. Kiesel is CIO Global Credit and a managing director in the Newport Beach office. He is a member of the Investment Committee, a generalist portfolio manager and the global head of corporate bond portfolio management, with oversight for the firm’s investment grade, high yield, bank loan, municipal and insurance business as well as credit research. Morningstar named him Fixed-Income Fund Manager of the Year in 2012 and a finalist in 2010. He has written extensively on the topic of global credit markets, founded the firm’s Global Credit Perspectives publication and regularly appears in the financial media. He joined PIMCO in 1996 and previously served as PIMCO's global head of investment grade corporate bonds and as a senior credit analyst. He has 24 years of investment experience and holds an MBA from the University of Chicago's Graduate School of Business. He received his undergraduate degree from the University of Michigan.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Pimco Glob GradeCredit (GBP 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 price1.029
Offer price1.083
Mid price-
CurrencyGBP
Price updated16/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LQ
Data provided by

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