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
  • Andrew R Jessopsince 01/01/2010
  • Hozef Arifsince 30/06/2016
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
1.085
Offer price
1.142
Top in this sector
Fund name1 Year
Baillie Gifford Emerg Mrkts Bd Pn29.5%
Scot Eq AegonIntcEgMtsLclCrDtPn26.4%
Scot Eq Broker AMR Managed Pn23.5%
OMW M&G Glbl Government Bond22.8%
RLPPC Enhanced IL Pn21.3%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • USA69.7%
    Germany13.9%
    UK5.7%
    Italy3.3%
    Canada2.8%
  • High Yield Bond89.7%
    Money Market6.1%
    Investment Grade Bonds3.6%
    Others0.6%
    Mortgage & Secured Bonds0%
  • US Fixed Interest69.7%
    German Fixed Interest13.9%
    UK Fixed Interest5.7%
    Italian Fixed Interest3.3%
    Canadian Fixed Interest2.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.6%3.8%3%---
Sector0.2%0.7%-1.6%10.6%19.9%20.3%
Rank within sector26 / 1436 / 1438 / 139---
Quartile1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.5%----
Sector0.1%14.1%-0.3%6.1%-3.6%
Rank within sector8 / 143----
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 high1.09
52 week low1
Current bid price1.09
Current offer price1.14
Current mid price-
Region
1USA69.68%
2Germany13.91%
3UK5.66%
4Italy3.27%
5Canada2.83%
6France2.72%
7Luxembourg2.63%
8Spain1.68%
9Netherlands1.67%
Industry sector
1High Yield Bond89.67%
2Money Market6.13%
3Investment Grade Bonds3.61%
4Others0.55%
5Mortgage & Secured Bonds0.02%
6Local Government Bonds0.01%
Asset type
1US Fixed Interest69.68%
2German Fixed Interest13.91%
3UK Fixed Interest5.66%
4Italian Fixed Interest3.27%
5Canadian Fixed Interest2.83%
6French Fixed Interest2.72%
7Luxembourg Fixed Interest2.63%
8Spanish Fixed Interest1.68%
9Dutch Fixed Interest1.67%
Individual holdings
1TELECOM ITALIA SPA(NEW) 5.303% BDS 30/05/24 USD1000 144A0.72%
2RENAISSANCE ACQUISITION CORP 6.875% BDS 15/08/21 USD20000.68%
3ORTHO-CLINICAL DIAGNOSTICS INC 6.625% BDS 15/05/22 USD2000144A0.64%
4LLOYDS BANKING GROUP PLC 7.625% UNDATED NTS GBP2000000.58%
5VWR FUNDING INC 4.625% BDS 15/04/22 EUR1000000.47%
6SPRINT CORP 7.875% BDS 15/09/23 USD20000.44%
7WIND ACQUISITION FINANCE SA 4.75% BDS 15/07/20 USD2000000.42%
8ARGOS MERGER SUB INC 7.125% BDS 15/03/23 USD2000144A0.41%
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
Andrew R Jessop01/01/2010Mr. Jessop is a managing director 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 29 years of investment experience and holds a degree from Queens' College, Cambridge University.
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.
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 price1.085
Offer price1.142
Mid price-
CurrencyGBP
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LP
Data provided by

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