Fact sheet: Zurich M&G Corp Bd Pn

Fund information
Fund name
Zurich M&G Corporate Bond Pn 3/4 AP Cap
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Richard Woolnoughsince 27/02/2004
  • Ben Lordsince 01/01/2007
Underlying fund
M&G Corporate Bond
Fund objective
The fund aims to achieve a higher return than would be achieved through investing in UK government bonds, by investing in sterling denominated fixed and variable rate securities such as corporate bonds.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
5%
1 Year rank in sector
254/261
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£25m (£25m 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.
34
Bid price
564
Offer price
593.7
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP18.1%
OMW IPL L&G AAA CrpBdOv15YIx Pn16.8%
Zurich M&G All StCor Bd16.2%
L&G PMC AAAAAA CpBd Ov15Y Id Pn15.6%
M&G PP All Stock Corporate Bond Pn15.4%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK55.9%
    USA22%
    France6.9%
    Germany2.4%
    International2.2%
  • BBB51.6%
    A18.2%
    AA13.4%
    AAA8.8%
    BB5.1%
  • UK Fixed Interest55.9%
    US Fixed Interest22%
    French Fixed Interest6.9%
    German Fixed Interest2.4%
    Global Fixed Interest2.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%1.6%-3.6%5%6.7%11.2%
Sector1.4%2.5%-2.4%10.2%19.6%36.8%
Rank within sector210 / 262243 / 264239 / 265254 / 261229 / 235212 / 215
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.1%4.8%-3.5%7%-3.4%
Sector0.6%9.4%0.2%10.5%1%
Rank within sector235 / 265244 / 260246 / 246203 / 235224 / 226
Quartile4th4th4th4th4th
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.
-3.19
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.
0.88
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
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%.
4.96
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.
1.77
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.
-2.17
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.
0.89
Price movement
52 week high590.2
52 week low533.3
Current bid price564
Current offer price593.7
Current mid price-
Region
1UK55.9%
2USA21.99%
3France6.88%
4Germany2.41%
5International2.18%
6Money Market2.03%
7Italy1.91%
8Spain1.82%
9Netherlands1.44%
Industry sector
1BBB51.61%
2A18.24%
3AA13.41%
4AAA8.75%
5BB5.14%
6Money Market2.39%
7B0.46%
Asset type
1UK Fixed Interest55.9%
2US Fixed Interest21.99%
3French Fixed Interest6.88%
4German Fixed Interest2.41%
5Global Fixed Interest2.18%
6Money Market2.03%
7Italian Fixed Interest1.91%
8Spanish Fixed Interest1.82%
9Dutch Fixed Interest1.44%
Individual holdings
1LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.52%
2IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.35%
3TREASURY 4.75% GILT 07/12/38 GBP1.29%
4TREASURY 3.25% GILT 22/01/44 GBP0.011.18%
5AT&T INC 4.875% UNSEC BDS 01/06/44 GBP1000001.14%
6WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.13%
7BANK OF AMERICA CORP 2.3% SNR NTS 25/07/25 GBP1000000.82%
8MICROSOFT CORP 4% BDS 12/02/55 USD20000.8%
9EUROPEAN INVESTMENT BANK 5.5% BDS 15/4/25 GBP10000.79%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund aims to achieve a higher return than would be achieved through investing in UK government bonds, by investing in sterling denominated fixed and variable rate securities such as corporate bonds.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
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.
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
Zurich M&G Corporate Bond Pn 1% AP Acc
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.66%
Bid price699.2
Offer price736.1
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK9B2
Zurich M&G Corporate Bond Pn 3/4 AP
Initial charge-
Annual charge0.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.66%
Bid price-
Offer price-
Mid price851.5
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGVR5
Zurich M&G Corporate Bond Pn 3/4 AP Acc
Initial charge-
Annual charge1.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.41%
Bid price710.1
Offer price747.5
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK9B3
Zurich M&G Corporate Bond Pn 3/4 AP Cap
Initial charge-
Annual charge4.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)4.91%
Bid price564
Offer price593.7
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK9B4
Zurich M&G Corporate Bond Pn CS1
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.71%
Bid price-
Offer price-
Mid price717.5
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code063H
Zurich M&G Corporate Bond Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price909.1
Offer price909.1
Mid price-
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeENO4
Zurich M&G Corporate Bond Pn ZP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.56%
Bid price-
Offer price-
Mid price982.1
CurrencyGBX
Price updated23/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeENL4
Data provided by

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