Fact sheet: ReAssure PimcoGlbHgYd(GBP Hgd)PPBPn

Fund information
Fund name
ReAssure Pimco Glob High Yield (GBP Hedged) PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund managers
  • Hozef Arifsince 30/06/2016
  • Andrew R Jessopsince 01/01/2010
Underlying fund
Pimco GIS Gbl HiYldBd
Fund objective
The investment objective is to seek to maximise total return, consistent with prudent investment management. The Fund invests at least two-thirds of its total net assets in a diversified portfolio of high yield Fixed Income Instruments that are denominated in major world currencies and are rated lower than Baa by Moody’s or BBB by S&P. The Fund may invest up to 20% of its total net assets in high yield Fixed Income Instruments that are rated Caa or lower by Moody’s or CCC or lower by S&P (or, if unrated, determined by the Investment Adviser to be of a comparable quality).
Benchmark
  • BofAML BB-B Developed Market HY Constrained
Investment style
High Yield
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
1.051
Offer price
1.107
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

  • USA64.8%
    Germany11.2%
    UK6.4%
    Luxembourg3.6%
    Italy3.5%
  • B42%
    BB39%
    AA7%
    B-6%
    BBB4%
  • US Fixed Interest64.8%
    German Fixed Interest11.2%
    UK Fixed Interest6.4%
    Luxembourg Fixed Interest3.6%
    Italian Fixed Interest3.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-0.4%4%---
Sector-4%-2.3%6.7%13%17.7%20.3%
Rank within sector10 / 14434 / 14298 / 141---
Quartile1st1st3rd
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 high1.07
52 week low1
Current bid price1.05
Current offer price1.11
Current mid price-
Region
1USA64.84%
2Germany11.18%
3UK6.38%
4Luxembourg3.61%
5Italy3.49%
6France2.99%
7Canada2.55%
8Spain1.76%
9Netherlands1.73%
Industry sector
1B42%
2BB39%
3AA7%
4B-6%
5BBB4%
6A+2%
Asset type
1US Fixed Interest64.84%
2German Fixed Interest11.18%
3UK Fixed Interest6.38%
4Luxembourg Fixed Interest3.61%
5Italian Fixed Interest3.49%
6French Fixed Interest2.99%
7Canadian Fixed Interest2.55%
8Spanish Fixed Interest1.76%
9Dutch Fixed Interest1.73%
Individual holdings
1GARDNER DENVER SR UNSEC 144A0.7%
2TELECOM ITALIA SPA SR UNSEC 144A0.7%
3LLOYDS BANKING GROUP PLC JR SUB0.6%
4ORTHO-CLINICAL DIAGNOSTICS SR UNSEC 1440.6%
5VWR FUNDING INC REGS0.5%
6MGM RESORTS INTL SR UNSEC0.4%
7NUMERICABLE-SFR 144A0.4%
8ONEX WIZARD AC II0.4%
9PETSMART INC SR UNSEC 144A0.4%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The investment objective is to seek to maximise total return, consistent with prudent investment management. The Fund invests at least two-thirds of its total net assets in a diversified portfolio of high yield Fixed Income Instruments that are denominated in major world currencies and are rated lower than Baa by Moody’s or BBB by S&P. The Fund may invest up to 20% of its total net assets in high yield Fixed Income Instruments that are rated Caa or lower by Moody’s or CCC or lower by S&P (or, if unrated, determined by the Investment Adviser to be of a comparable quality).
Benchmark
  • BofAML BB-B Developed Market HY Constrained
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Hozef Arif30/06/2016Mr. Arif is an executive vice president and portfolio manager in the Newport Beach office, focusing on global high yield and crossover corporate credit portfolios. Prior to joining PIMCO in 2008, he was a leveraged finance investment banker at Credit Suisse in Los Angeles. He has 12 years of investment experience and holds an MBA from the University of Chicago Graduate School of Business. He also has a master's degree in petroleum engineering from Stanford University and an undergraduate degree from the Indian Institute of Technology, Mumbai.
Andrew R Jessop01/01/2010Mr. Jessop is an executive vice president and high yield portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2009, he was a managing director, portfolio manager and co-head of the high yield group at Goldman Sachs Asset Management, where he spent 12 years. Mr. Jessop was previously a high yield portfolio manager at Saudi International Bank in London. He has 22 years of investment experience and is a graduate of Queens College, Cambridge University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Pimco Glob High Yield (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 price1.051
Offer price1.107
Mid price-
CurrencyGBP
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LP
Data provided by

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