Fact sheet: M&G Absolute Return Bond

Fund information

Fund name
M&G Absolute Return Bond A Acc GBP
Fund company manager
M&G UK
Fund type
OEIC
Fund manager
Jim Leaviss
since 13/12/2016
Fund objective
The fund targets a combined income and capital growth of at least three-month GBP LIBOR plus 2.5% a year over any three-year period, before any charges and in any market condition. Three-month GBP LIBOR is the rate at which banks borrow money from each other. The fund aims to achieve this while seeking to minimise the degree to which the value of the fund fluctuates over time, and also seeking to limit monthly losses. Managing the fund in this way reduces its ability to achieve returns significantly above three-month LIBOR plus 2.5%. The fund has a highly flexible investment approach with the freedom to invest across a broad range of fixed income assets, including bonds issued by governments and companies in developed nations and emerging markets. Exposure to these assets is gained through direct holdings and the use of derivatives. There is no guarantee that the fund will achieve a positive return over any period. Investors may not get back the original amount they invested.
Benchmark
IA Targeted Absolute sector
Investment style
Absolute Return
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

-

1 Year rank in sector

-

Sector

UT Targeted Absolute Return

Yield

1.401

Fund size

£ 24.7 m

FE Risk score
-
NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    38.66%
  • USA
    20.4%
  • France
    8.75%
  • Germany
    7.17%
  • International
    5.05%
  • Money Market
    27.78%
  • AAA
    19.82%
  • BB
    14.13%
  • AA
    13.07%
  • A
    11.21%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.27 %1.09 %0 %0 %0 %
Sector-0.11 %1.14 %3 %6.55 %16.56 %
Rank within sector51 / 7833 / 76 / / /
Quartile th3 rd2 nd th th th

Calendar performance

YTD-20172016201520142013
Fund2.08 %0 %0 %0 %0 %
Sector2.26 %0.97 %2.2 %2.51 %6.51 %
Rank within sector37 / 76 / / / /
Quartile th2 nd th th th th

Price movement

52 week high102.8
52 week low99.89
Current bid price0
Current offer price0
Current mid price102.39

Holdings by region

  • 38.66% UK
  • 20.4% USA
  • 8.75% France
  • 7.17% Germany
  • 5.05% International
  • 3.38% Luxembourg
  • 2.72% Money Market
  • 1.96% Belgium
  • 1.72% Italy
  • 1.54% Netherlands

Holdings by sector

  • 27.78% Money Market
  • 19.82% AAA
  • 14.13% BB
  • 13.07% AA
  • 11.21% A
  • 10.92% BBB
  • 3.95% B
  • -0.88% Non-Rated

Holdings by asset type

-

Individual holdings

-