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
OIC
Fund manager
Jim Leaviss
since 13/12/2016
Fund objective
The Fund aims to achieve a total return (the combination of income and capital growth) of at least 2.5% per annum above the 3-month GBP LIBOR rate, before any charges are taken, in any market conditions and over any three year period. 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 (volatility), while also seeking to limit monthly losses. There is no guarantee that the Fund will achieve a positive return over three years, or any other period, and investors may not get back the original amount they invested.
Benchmark
3 Month LIBOR
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

£ 18.1 m

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

Top in sector

Holdings snapshot

  • Money Market
    30.9692%
  • Asset/Mortgage-Backed Securities
    18.1648%
  • Government Bonds
    14.2478%
  • Banks
    13.9683%
  • Government Agency Bonds
    10.0303%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.52 %0 %0 %0 %0 %
Sector0.8 %2.92 %4.18 %7.9 %18.98 %
Rank within sector41 / 77 / / / /
Quartile th3 rd th th th th

Calendar performance

YTD-20172016201520142013
Fund1.77 %0 %0 %0 %0 %
Sector2.07 %0.97 %2.2 %2.51 %6.51 %
Rank within sector38 / 77 / / / /
Quartile th2 nd th th th th

Price movement

52 week high102.08
52 week low99.89
Current bid price0
Current offer price0
Current mid price102.08

Holdings by region

-

Holdings by sector

  • 30.9692% Money Market
  • 18.1648% Asset/Mortgage-Backed Securities
  • 14.2478% Government Bonds
  • 13.9683% Banks
  • 10.0303% Government Agency Bonds
  • 7.5509% Health Care
  • 5.4877% Telecommunications
  • 4.9647% Insurance
  • 3.98% Basic Industries
  • 2.9511% Media

Holdings by asset type

-

Individual holdings

-