Managed Pension Funds Limited
Net UK Index Linked Gilts Over
5 Years Index Fund
Fixed Income
31 March 2017
Fund Objective
Net Returns
The Fund aims to track the return of the FTSE®
Actuaries UK Index Linked Gilts Over 5 Years
Index.
Annualised
Fund
Benchmark
Difference
1 Year (%)
21.82
22.01
-0.19
3 Years (%)
14.50
14.58
-0.08
Investment Strategy
5 Years (%)
9.88
9.94
-0.07
The Fund is managed using index replication
techniques. Investment is normally limited to
securities in the benchmark.
Since Inception (%)
8.61
8.70
-0.09
1.93
1.99
-0.06
Benchmark
1 Year (%)
21.82
22.01
-0.19
3 Years (%)
50.12
50.44
-0.32
5 Years (%)
60.14
60.63
-0.49
252.24
256.84
-4.60
FTSE Actuaries UK Index Linked Gilts Over
5 Years Index.
Marketing Communication
Cumulative
3 Months (%)
Structure
Since Inception (%)
Pooled Fund
Calendar
2017 (year to date)
1.93
1.99
-0.06
2016
27.28
27.39
-0.11
2015
-1.23
-1.21
-0.02
Domicile
2014
21.33
21.38
-0.05
United Kingdom
2013
0.54
0.58
-0.04
Life Company
Managed Pension Funds Limited
Fund Facts
NAV
4.15 GBP as of
31 Mar 2017
Currency
GBP
Net Assets (millions)
23.45 GBP as of
31 Mar 2017
Inception Date
13 October 2009
Investment Style
Passive
Zone
United Kingdom
Settlement
DD+3
Notification Deadline
DD-1 10:00am
London
Valuation
Market Close
Past performance is not a guarantee of future results. Performance returns for periods of less than one year are not annualised.
Returns are net of fees (based on unit price) and net of irrecoverable withholding tax.
The index returns are unmanaged and do not reflect the deduction of any fees or expenses.
The index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
Past performance indicated herein has been calculated using a technical net asset value as at 29 March 2013 as well as the
official NAV of the Fund as at each other Business Day for the relevant period. When the Fund is closed according to its official
NAV calendar but, nonetheless, a significant portion of the underlying security prices can be determined, a technical net asset
value is calculated.
Any spreads disclosed are indicative only and are subject to the discretion of the investment manager, based on market
conditions at the time of transaction.
All data is as at 31/03/2017.
Annualised Net Returns
%
30
-0.19
Minimum Initial Investment N/A
Minimum Subsequent
Investment
N/A
Management Fees
0.12%
TER Max
Fees paid by investors
detailed in Fee &
Instruction letter
20
-0.08
-0.07
-0.09
10
Spreads
Subscription
0.00%
Redemption
0.00%
0
1 Year (%)
Fund Net
3 Years (%)
Benchmark
5 Years (%)
Since Inception (%)
Difference from Benchmark
Maturity Distribution
Years
Fund (%)
Benchmark (%)
%
0-1 Year
0.03
0.00
80
1-3
0.00
0.00
3-5
0.00
0.00
5-7
7.60
7.63
7-10
6.17
6.17
10-20
24.72
24.72
20+ Years
61.48
61.48
60
40
20
0
0-1
Year
5-7
Years
7-10
Years
10-20
Years
20+
Years
This is a marketing document for informational purposes only. We recommend you read the
prospectus and supplement for full details about the Fund, including fees and risks. Our Client
Relationship team will also be pleased to provide you with further information about this Fund.
Net UK Index Linked Gilts Over 5 Years Index Fund
31 March 2017
For More Information
For more information visit
our website www.ssga.com or
contact your representative
SSGA office.
Credit Quality Distribution
Fund
(%)
AAA
AA
Benchmark
(%)
0.03
0.00
99.97
100.00
%
100
80
60
Source: SSGA/FTSE, 31st March 2017.
Note: Rounding differences may occur as asset values are calculated to
greater than one decimal place.
Victoria O’Brien
+44 (0) 20 3395 6399
40
SSGA United Kingdom
+44 (0) 20 3395 2333
20
0
AAA
AA
Sector Distribution
Fund Characteristics
Fund
Benchmark
0.85
0.85
Average Maturity (Years)
25.90
25.90
Sovereign
Average Yield to Worst (%)
-1.81
-1.81
Cash
Current Yield (%)
0.45
0.45
Effective Convexity
8.12
8.12
Modified Duration
24.73
24.73
Yield to Maturity (%)
-1.81
-1.81
Average Coupon (%)
State Street Global Advisors
Fund
(%)
Benchmark
(%)
99.97
100.00
0.03
0.00
Source: SSGA/FTSE, 31st March 2017.
Source: SSGA/FTSE, 31st March 2017.
Risk Management
The primary goal of a fixed income index strategy is to minimise tracking error. The portfolio is managed by matching
duration, quality and the country breakdown of the index across maturity buckets. Individual security holdings may differ
from the index, but tracking error is continually monitored as the strategy seeks to ensure that investors are receiving the
index returns.
State Street Global Advisors Limited. Authorised and regulated by the Financial Conduct Authority. Registered in England. Registered No. 2509928. VAT No. 5776591 81.
Registered office: 20 Churchill Place, Canary Wharf, London, E14 5HJ. Telephone: 020 3395 6000. Facsimile: 020 3395 6350. Web: www.ssga.com
“FTSE®”, “FT-SE®” and “Footsie®” are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited (“FTSE”) under licence.
“All-World”, “All-Share” and “All-Small” and “FTSE4Good” are trademarks of FTSE. The FTSE indices are calculated by FTSE. FTSE does not sponsor, endorse or promote this product and is not in any way
connected to it and does not accept any liability. All intellectual property rights in the index values and constituent list vests in FTSE. SSGA has obtained full licence from FTSE to use such intellectual property
rights in the creation of this product.
This material is for your private information. The information we provide does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to
sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. We encourage you to consult your tax or financial advisor. All material has
been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.
Past performance is no guarantee of future results. All data is sourced from State Street Global Advisors Limited unless otherwise stated.
Investing in the Managed Pension Fund is effected by means of an insurance policy written by Managed Pension Funds Limited, a member of the State Street group of companies. This document should not be
construed as an invitation or inducement to engage in investment activity. The Managed Pension Fund is available to pension schemes (including overseas schemes) registered with HM Revenue and Customs
for the purposes of Chapter 2 of Part IV of the Finance Act 2004. This document should therefore only be circulated to the Trustees of such schemes and their advisers who are deemed to be professional
persons (this includes professional clients and eligible counterparties as defi ned by the Financial Conduct Authority). It should not be circulated to or relied upon by any other persons. In particular scheme
members should consult with their employer or scheme trustee.
Please note that neither State Street Global Advisors Limited or Managed Pension Funds Limited offer actuarial services and any investment service undertaken by those firms with an objective of matching
projected pension fund liabilities does not include, or take responsibility for, the calculation of projected liabilities. Any illustrations exclude the impact of fees, and actual investment returns may differ from
projected cashflows, these projected cashflows are not projections of any future benefit payable under a specific policy.
Investing involves risk including the risk of loss of principal. Although bonds generally present less short-term risk and volatility risk than stocks, bonds contain interest rate risks; the risk of issuer default; issuer
credit risk; liquidity risk; and inflation risk.
© 2017 STATE STREET CORPORATION. ALL RIGHTS RESERVED.