Fact sheet: SIP M&G Strat Corp Bd Pn

Fund information
Fund name
SIP M&G Strategic Corporate Bond Pn S8
Fund manager company
Sanlam Investments & Pensions
Fund type
Pension Fund
Fund managers
  • Richard Woolnoughsince 20/02/2004
  • Ben Lordsince 01/01/2007
Underlying fund
M&G Strategic Corp Bd
Fund objective
The fund aims to deliver income and capital growth by investing mainly in investment grade, or high quality, corporate bonds. The fund manager may also hold up to 20% of the portfolio in other fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund manager’s economic outlook will determine the portfolio’s overall positioning, while an in-house team of independent credit analysts assists in the selection of individual bond issues.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.4%
1 Year rank in sector
194/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£1m (£1m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
30
Bid price
187
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn15.5%
BlackRock DC AqOv 15 YCrp BdIx HP13.8%
AEGON Long Core Plus Pn12.9%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12.6%
MetLife Fid Corp Bd 16yr Pn12.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK47.6%
    USA27.2%
    France7.3%
    Money Market3.3%
    Germany3%
  • Mortgage & Secured Bonds17.8%
    Banks15%
    Telecommunications12.5%
    Consumer Goods9.4%
    Utilities7.8%
  • UK Corporate Fixed Interest46.7%
    US Corporate Fixed Interest26.6%
    French Corporate Fixed Interest6.2%
    Money Market3.3%
    German Corporate Fixed Interest3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1%-3.3%2.5%5.4%17.2%36.9%
Sector-1.5%-4.9%2.7%6.6%18.5%39.6%
Rank within sector43 / 26545 / 265142 / 265194 / 260147 / 235153 / 210
Quartile1st1st3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund6.5%0.9%9.4%2.7%10.7%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector179 / 26073 / 246167 / 23559 / 226193 / 210
Quartile3rd2nd3rd2nd4th
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.
0.6
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.
0.82
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.
0.39
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%.
4.69
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.
1.87
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.
-0.2
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.
0.88
Price movement
52 week high193.9
52 week low173
Current bid price187
Current offer price-
Current mid price-
Region
1UK47.56%
2USA27.24%
3France7.27%
4Money Market3.25%
5Germany3.03%
6Italy2.27%
7Spain2.22%
8International1.89%
9Netherlands1.62%
Industry sector
1Mortgage & Secured Bonds17.77%
2Banks15.02%
3Telecommunications12.5%
4Consumer Goods9.4%
5Utilities7.81%
6Insurance6.89%
7Technology5.47%
8Money Market3.92%
9Services3.59%
Asset type
1UK Corporate Fixed Interest46.74%
2US Corporate Fixed Interest26.57%
3French Corporate Fixed Interest6.23%
4Money Market3.25%
5German Corporate Fixed Interest3.03%
6Global Corporate Fixed Interest1.89%
7Spanish Corporate Fixed Interest1.65%
8Dutch Corporate Fixed Interest1.62%
9Italian Corporate Fixed Interest1.25%
Individual holdings
1WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.49%
2LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.3%
3IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.07%
4EUROPEAN INVESTMENT BANK FRN 21/05/21 GBP10001.01%
5HEATHROW FUNDING LTD 6.75% BDS 03/12/28 GBP500000.93%
6MICROSOFT CORP 4% BDS 12/02/55 USD20000.93%
7VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20000.86%
8JPMORGAN CHASE BANK NA 3.5% NTS 18/12/26 GBP10000.83%
9LEGAL & GENERAL GROUP 9.325% SUB NTS 23/07/41 GBP500000.79%
Management
Fund manager group
Sanlam
Fund manager company
Sanlam Investments & Pensions
Fund type
Pension Fund
Fund objective
The fund aims to deliver income and capital growth by investing mainly in investment grade, or high quality, corporate bonds. The fund manager may also hold up to 20% of the portfolio in other fixed income investments. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund manager’s economic outlook will determine the portfolio’s overall positioning, while an in-house team of independent credit analysts assists in the selection of individual bond issues.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Richard Woolnough20/02/2004Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.
Ben Lord01/01/2007Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SIP M&G Strategic Corporate Bond Pn S6
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price172.9
Offer price182
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG5P9
SIP M&G Strategic Corporate Bond Pn S7
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price176.3
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG5Q0
SIP M&G Strategic Corporate Bond Pn S8
Initial charge-
Annual charge0.92%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price187
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG5Q1
Data provided by

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