Fact sheet: Stan Life M&GGilt&Fxd Int Inc Pn

Fund information
Fund name
Stan Life M&G Gilt & Fixed Interest Income Pn SB
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund managers
  • Matthew Russellsince 06/07/2015
  • Jim Leavisssince 30/04/1998
Underlying fund
M&G Gilt & Fixed Int Inc
Fund objective
The fund aims to deliver income with stability of capital consistent with investment in gilts over rolling periods of three to five years. There is no guarantee that the fund will achieve its objective over this, or any other, period. The level of income may vary over time. Up to 20% of the fund can be invested in corporate bonds guaranteed by the government. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund invests in UK government bonds (gilts) of all maturities, based on the manager’s view of the likely course of the UK economy and monetary policy.
Benchmark
  • No Specified Index
Investment style
None
Investment method
None, Fixed Interest
Quick stats
1 Year return
7.4%
1 Year rank in sector
35/175
Sector
PN UK Gilts
Yield
-
Fund size
£0m
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.
49
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn25.7%
Fidelity Annuity Pn13.4%
Stan Life VanUK Long DurGtIdx Pn13.2%
Invesco Long Gilt Pn13.2%
SSgA MPF UK Over 15 Conv Glt Idx Pn13%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

  • UK90.7%
    International2.8%
    USA2.5%
    Germany2.1%
    Finland1.1%
  • Government Bonds90%
    Government Agency Bonds6.5%
    Services2.1%
    Money Market0.8%
    Asset/Mortgage-Backed Securities0.6%
  • UK Gilts96.5%
    UK Equities2.1%
    Money Market0.8%
    UK Fixed Interest0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%2.2%4.2%7.4%22.6%-
Sector-0.5%2.4%3.6%6.6%21.3%22.3%
Rank within sector86 / 18191 / 17948 / 17835 / 17544 / 170-
Quartile2nd3rd2nd1st2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.7%10.1%0.5%12.1%-
Sector1.6%9.9%-0.3%13.3%-4.8%
Rank within sector65 / 17841 / 17533 / 17377 / 168-
Quartile2nd1st1st2nd
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.
0.27
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.
1
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.
0.5
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%.
7.59
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.
0.9
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.
0.33
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.
0.99
Price movement
52 week high128.7
52 week low114.8
Current bid price-
Current offer price-
Current mid price123
Region
1UK90.67%
2International2.76%
3USA2.49%
4Germany2.13%
5Finland1.13%
6Money Market0.82%
Industry sector
1Government Bonds89.98%
2Government Agency Bonds6.5%
3Services2.13%
4Money Market0.82%
5Asset/Mortgage-Backed Securities0.57%
Asset type
1UK Gilts96.48%
2UK Equities2.13%
3Money Market0.82%
4UK Fixed Interest0.57%
Individual holdings
1TREASURY 4.5% GILT 7/9/2034 GBP0.0116.11%
2TREASURY 1.5% GILT 22/07/26 GBP0.0110.5%
3TREASURY 5% GILT 07/03/18 GBP9.55%
4TREASURY 2.75% GILT 07/09/24 GBP0.017.61%
5TREASURY 1.5% GILT 22/07/47 GBP17.15%
6TREASURY 4.75% GILT 20206.68%
7TREASURY 2.5% GILT 22/07/65 GBP0.16.34%
8TREASURY 4.25% GILT 7/9/39 GBP0.016.28%
9TREASURY 1% GILT 07/09/17 GBP0.014.96%
Management
Fund manager group
Standard Life Investments
Fund manager company
Standard Life Assurance Co
Fund type
Pension Fund
Fund objective
The fund aims to deliver income with stability of capital consistent with investment in gilts over rolling periods of three to five years. There is no guarantee that the fund will achieve its objective over this, or any other, period. The level of income may vary over time. Up to 20% of the fund can be invested in corporate bonds guaranteed by the government. Exposure to these assets is gained through physical holdings and the use of derivatives. The fund invests in UK government bonds (gilts) of all maturities, based on the manager’s view of the likely course of the UK economy and monetary policy.
Benchmark
  • No Specified Index
Investment style
None
Investment method
None, Fixed Interest
Fund managers
NameSinceBiography
Matthew Russell06/07/2015Matthew Russell joined M&G in 2007 and was appointed fund manager of the M&G Short Dated Corporate Bond Fund in September 2013, having served as deputy fund manager since 2011. He was also appointed fund manager of the M&G Gilt & Fixed Interest Income Fund in July 2015. Matthew joined M&G as a fund managers’ assistant covering the retail fixed interest fund range. He has a BSc in economics from the University of Birmingham and is also a CFA charterholder.
Jim Leaviss30/04/1998Jim Leaviss is Head of Retail Fixed Interest for M&G’s mutual fund range. He joined M&G in 1997 after five years at the Bank of England. As well as heading up the team, Jim is the fund manager of the M&G Global Macro Bond Fund and the M&G European Inflation Linked Corporate Bond Fund. He is also deputy manager of the M&G Gilt & Fixed Interest Income Fund, the M&G Index-Linked Bond Fund and the M&G UK Inflation Linked Corporate Bond Fund.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Stan Life M&G Gilt & Fixed Interest Income Pn S3
Initial charge-
Annual charge1.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.6%
Bid price-
Offer price-
Mid price108.1
CurrencyGBX
Price updated26/05/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI47P
Stan Life M&G Gilt & Fixed Interest Income Pn S4
Initial charge-
Annual charge1.38%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price119.1
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI47Q
Stan Life M&G Gilt & Fixed Interest Income Pn SB
Initial charge-
Annual charge0.41%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.57%
Bid price-
Offer price-
Mid price123
CurrencyGBX
Price updated22/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI47R
Data provided by

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