Fact sheet: Scot Eq M&G Corporate Bond Pn

Fund information
Fund name
Scot Eq M&G Corporate Bond Pn (ARC)
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Ben Lordsince 01/01/2007
  • Richard Woolnoughsince 27/02/2004
Underlying fund
M&G Corporate Bond
Fund objective
This fund aims to achieve a higher total return (the combination of income plus capital growth) than would be achieved by investing in government bonds (gilts) of similar maturities. The fund invests mainly in sterling denominated corporate bonds. It may also invest up to 20% in other fixed income investments, such as government bonds and high-yield corporate bonds. The fund is managed by M&G.
Benchmark
  • IA £ Corporate Bond Sector
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
8.6%
1 Year rank in sector
138/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£25m (£27m 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.
32
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP16.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn14.8%
AEGON Long Core Plus Pn14.2%
AEGON UK Long Corporate Bond Pn14.1%
FL TEActv Bln Bd IE14%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK54.4%
    USA22.7%
    France7.1%
    Money Market2.5%
    Germany2.5%
  • Asset/Mortgage-Backed Securities18.4%
    Banks13.7%
    Telecommunications12.3%
    Utilities8.1%
    Insurance6.3%
  • UK Fixed Interest84.4%
    UK Gilts7.9%
    Property5.1%
    Money Market2.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%2.5%5.1%8.6%21%38.5%
Sector0.7%2.4%4.9%8.9%19.8%38.1%
Rank within sector103 / 26388 / 26294 / 260138 / 25985 / 230103 / 214
Quartile2nd2nd2nd3rd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund3.1%9.1%1%11.4%0.8%
Sector3%9.4%0.2%10.5%1%
Rank within sector124 / 260137 / 25661 / 24275 / 230127 / 221
Quartile2nd3rd2nd2nd3rd
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.
1.04
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.
0.9
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.
0.63
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%.
5.09
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.
1.52
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.
0.29
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.
0.92
Price movement
52 week high144.66
52 week low132.85
Current bid price-
Current offer price-
Current mid price144.44
Region
1UK54.37%
2USA22.72%
3France7.05%
4Money Market2.51%
5Germany2.47%
6Italy2.35%
7International2.11%
8Spain1.7%
9Netherlands1.48%
Industry sector
1Asset/Mortgage-Backed Securities18.44%
2Banks13.66%
3Telecommunications12.32%
4Utilities8.1%
5Insurance6.28%
6Government Agency Bonds5.18%
7Real Estate5.1%
8Non-Cyclical Consumer Goods4.08%
9Technology3.99%
Asset type
1UK Fixed Interest84.4%
2UK Gilts7.92%
3Property5.1%
4Money Market2.57%
Individual holdings
1LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.51%
2AT&T INC 4.875% UNSEC BDS 01/06/44 GBP1000001.19%
3WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.17%
4TREASURY 3.25% GILT 22/01/44 GBP0.010.94%
5TREASURY 4.75% GILT 07/12/38 GBP0.93%
6APPLE INC 3.05% BDS 31/07/29 GBP1000000.87%
7IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500000.87%
8BANK OF AMERICA CORP 2.3% SNR NTS 25/07/25 GBP1000000.85%
9MICROSOFT CORP 4% BDS 12/02/55 USD20000.8%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
This fund aims to achieve a higher total return (the combination of income plus capital growth) than would be achieved by investing in government bonds (gilts) of similar maturities. The fund invests mainly in sterling denominated corporate bonds. It may also invest up to 20% in other fixed income investments, such as government bonds and high-yield corporate bonds. The fund is managed by M&G.
Benchmark
  • IA £ Corporate Bond Sector
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
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.
Richard Woolnough27/02/2004Richard 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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Scot Eq M&G Corporate Bond Pn
Initial charge-
Annual charge1.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.65%
Bid price165.0937
Offer price173.7828
Mid price-
CurrencyGBX
Price updated23/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFWV5
Scot Eq M&G Corporate Bond Pn (ARC)
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price-
Offer price-
Mid price144.4436
CurrencyGBX
Price updated23/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi code00LV
Data provided by

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