Fact sheet: ReAssure RoyalLonStrlngCrdtPPBPn

Fund information
Fund name
ReAssure Royal London Sterling Credit PPB Pn
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund manager
  • Paola Binnssince 31/08/2008
Underlying fund
Royal London Stg Cr
Fund objective
The Fund seeks to maximise long term returns mainly through investment in sterling fixed interest securities. UK government bonds or non-sterling bonds may be held as the Manager deems appropriate. To achieve this objective the Fund may hold transferable securities (including Exchange Traded Funds which are closed-ended funds), government and public securities, deposits and cash (for the purposes of EPM and redemption of units).
Benchmark
  • Markit iBoxx GBP Non-Gilts
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£0m
Bid price
1.046
Offer price
1.101
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn14.3%
FL TEActv Bln Bd IE12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
AEGON Long Core Plus Pn11.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • International99.9%
    UK0.1%
  • Structured Products27.8%
    Financial Services19%
    Utilities13.8%
    Insurance9.7%
    Property6.3%
  • Global Corporate Fixed Interest99.7%
    Global Government Fixed Interest0.2%
    UK Gilts0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.5%-4.6%2.5%---
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector202 / 265139 / 265124 / 265---
Quartile4th3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector7.7%0.2%10.5%1%13.5%
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 high1.1
52 week low1
Current bid price1.05
Current offer price1.1
Current mid price-
Region
1International99.9%
2UK0.1%
Industry sector
1Structured Products27.8%
2Financial Services19%
3Utilities13.8%
4Insurance9.7%
5Property6.3%
6Real Estate5.1%
7Mortgage & Secured Bonds4.2%
8Telecommunications4.1%
9Consumer Services3.7%
Asset type
1Global Corporate Fixed Interest99.7%
2Global Government Fixed Interest0.2%
3UK Gilts0.1%
Individual holdings
1RMPA SERVICES 5.337% GTD SEC BDS 30/9/38 GBP(VAR)REG`S0.9%
2ANNINGTON FINANCE NO 4 0% BDS 7/12/2022 GBP100000.8%
3CO-OPERATIVE BANK 4.75% GBL CVD BDS 11/11/21 GBP 2011-10.8%
4COMMONWEATH BANK OF AUSTRALIA 3% 20260.8%
5FRESH 1997 8.368% 04/10/580.8%
6PLACES FOR PEOPLE HOMES 5.09% 31/07/20430.8%
7AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000000.7%
8EQUITY RELEASE FUNDING(NO.2) 5.88% MTG BKD NTS 26/5/32 GBP(VAR)`A2`0.7%
9HSBC BANK 5.844% VRN PERP0.7%
Management
Fund manager group
ReAssure Limited
Fund manager company
ReAssure Limited
Fund type
Pension Fund
Fund objective
The Fund seeks to maximise long term returns mainly through investment in sterling fixed interest securities. UK government bonds or non-sterling bonds may be held as the Manager deems appropriate. To achieve this objective the Fund may hold transferable securities (including Exchange Traded Funds which are closed-ended funds), government and public securities, deposits and cash (for the purposes of EPM and redemption of units).
Benchmark
  • Markit iBoxx GBP Non-Gilts
Investment style
None
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Paola Binns31/08/2008Paola Binns is a Senior Fund Manager within the Fixed Income team. She joined Royal London in 2007 from Credit Suisse Asset Management and has over 20 years' investment experience.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
ReAssure Royal London Sterling Credit 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 price1.046
Offer price1.101
Mid price-
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN6LR
Data provided by

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