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
  • Mark R. Kieselsince 23/07/2003
  • Mohit Mittalsince 01/08/2016
  • Jelle Bronssince 01/08/2016
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
4.6%
1 Year rank in sector
105/135
Sector
PN Global Fixed Interest
Yield
-
Fund size
£0m
Bid price
1.048
Offer price
1.103
Top in this sector
Fund name1 Year
Zurich L&G PreRtrmnt Infln Lkd19.4%
Baillie Gifford Emerg Mrkts Bd Pn19.3%
OMW IPL 2035 Idx Lkd Gilt Pn19.2%
FL MyM HBP Blended Bnd Pn18.7%
Scot Eq AegonIntcEgMtsLclCrDtPn17%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA30.8%
    Germany13.4%
    UK9.4%
    Money Market5.2%
    Mexico5.1%
  • Investment Grade Bonds57.2%
    Government Guaranteed25.7%
    Others14.4%
    High Yield Bond11%
    Mortgage & Secured Bonds7.4%
  • US Fixed Interest30.8%
    German Fixed Interest13.4%
    UK Fixed Interest9.6%
    Money Market5.2%
    Mexican Fixed Interest5.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.5%2.1%0.3%4.6%--
Sector-0%0.7%-2.5%8.4%19.5%21.9%
Rank within sector21 / 14222 / 14129 / 141105 / 135--
Quartile1st1st1st4th
Calendar performance
 YTD - 20172016201520142013
Fund2.3%----
Sector0.6%14.1%-0.3%6.1%-3.6%
Rank within sector18 / 141----
Quartile1st
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 price1.05
Current offer price1.1
Current mid price-
Region
1USA30.84%
2Germany13.36%
3UK9.45%
4Money Market5.2%
5Mexico5.09%
6Italy4.94%
7Japan3.57%
8China3.37%
9Switzerland3.07%
Industry sector
1Investment Grade Bonds57.24%
2Government Guaranteed25.68%
3Others14.36%
4High Yield Bond10.96%
5Mortgage & Secured Bonds7.35%
6Local Government Bonds0.31%
7Money Market-15.89%
Asset type
1US Fixed Interest30.84%
2German Fixed Interest13.36%
3UK Fixed Interest9.63%
4Money Market5.2%
5Mexican Fixed Interest5.09%
6Italian Fixed Interest4.94%
7Japanese Fixed Interest3.57%
8Chinese Fixed Interest3.37%
9Swiss Fixed Interest3.07%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 1.125% BDS 28/02/21 USD1004.91%
2UNITED STATES OF AMER TREAS NOTES 1.375% BDS 30/09/20 USD1004.42%
3FNCL 3.00 02/14 TBA2.74%
4UNITED STATES OF AMER TREAS NOTES 1.75% BDS 31/12/20 USD1002.59%
5FANNIE MAE POOL2.24%
6FANNIE MAE POOL2.08%
7UNITED STATES OF AMER TREAS BONDS 2.25% BDS 15/08/46 USD1001.94%
8UNITED STATES OF AMER TREAS NOTES 1.25% BDS 31/03/21 USD1001.64%
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
Mark R. Kiesel23/07/2003Mr. 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.
Mohit Mittal01/08/2016
Jelle Brons01/08/2016
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 price1.048
Offer price1.103
Mid price-
CurrencyGBP
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LQ
Data provided by

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