Fact sheet: Aegon KamesAbRBdPn

Fund information
Fund name
Aegon Kames Absolute Return Bond Pn AOR
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Stephen Snowdensince 29/09/2011
  • Colin Finlaysonsince 29/09/2011
Underlying fund
Kames Abslut Rtrn Bd
Fund objective
The investment objective of the Fund is to generate positive absolute returns for investors over a rolling 3 year period irrespective of market conditions.
Benchmark
  • LIBOR 3 month GBP
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
1.5%
1 Year rank in sector
427/513
Sector
PN Specialist
Yield
-
Fund size
£0m (£0m 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.
7
Bid price
103.0468
Offer price
103.0468
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus90.6%
ReAssure AL NptRu&GtrRus Pn89.6%
L&G Nep Russia&Gtr Russia Pn88%
OMW InvescoPerpetualEmgEurpn77.8%
Scot Eq JPM Emg Eur Eq Pn66.3%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK45.6%
    USA14.1%
    Netherlands8.6%
    Not Specified6.1%
    Money Market4.2%
  • Industrials36.9%
    Financials35.6%
    Utilities14.8%
    Asset/Mortgage-Backed Securities5.4%
    Money Market4.1%
  • UK Fixed Interest50.6%
    US Fixed Interest15.8%
    Dutch Fixed Interest8.6%
    Money Market4.3%
    American Emerging Fixed Interest3.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-0.2%0.7%1.5%--
Sector2.6%1.2%5.4%15.6%23%45%
Rank within sector488 / 545419 / 542435 / 539427 / 513--
Quartile4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund-0.2%1.6%0.8%--
Sector1.1%11.6%2%7.2%11%
Rank within sector500 / 546411 / 510265 / 446--
Quartile4th4th3rd
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high103.36
52 week low100.65
Current bid price103.05
Current offer price103.05
Current mid price-
Region
1UK45.6%
2USA14.12%
3Netherlands8.55%
4Not Specified6.1%
5Money Market4.15%
6Cayman Islands3.7%
7France2.95%
8Spain2.5%
9Jersey2.15%
Industry sector
1Industrials36.9%
2Financials35.6%
3Utilities14.8%
4Asset/Mortgage-Backed Securities5.4%
5Money Market4.1%
6Government Bonds2.3%
7Government Agency Bonds0.9%
Asset type
1UK Fixed Interest50.64%
2US Fixed Interest15.78%
3Dutch Fixed Interest8.55%
4Money Market4.34%
5American Emerging Fixed Interest3.7%
6French Fixed Interest2.95%
7Spanish Fixed Interest2.5%
8Swiss Fixed Interest2.05%
9German Fixed Interest2.01%
Individual holdings
1JPMORGAN CHASE & CO 6.128% FR SUB CALL NTS 30/05/17 GBP2.06%
2NATIONAL EXPRESS GROUP 6.25% NTS 13/01/17 GBP500001.99%
3AT&T INC 5.875% NTS 28/04/17 GBP500001.95%
4ANHEUSER-BUSCH INBEV SA/NV 6.5% NTS 23/06/17 GBP10001.93%
5YORKSHIRE WATER SERVICES BRADFD FIN 6% FXD/FLTG RTE NTS 24/04/25 GBP50000 B11.87%
6TELEFONICA EMISIONES SAU 5.375% INST 02/02/18 GBP500001.85%
7AA BOND CO LTD 4.7201% BDS 02/07/43 GBP1000001.75%
8BSKYB FINANCE UK 5.75% SNR UNS NTS 20/10/17 GBP `REGS`1.73%
9MELLON CAPITAL III 6.369% BDS 05/09/66 GBP500001.73%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The investment objective of the Fund is to generate positive absolute returns for investors over a rolling 3 year period irrespective of market conditions.
Benchmark
  • LIBOR 3 month GBP
Investment style
Absolute Return
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stephen Snowden29/09/2011Stephen is an investment manager in the fixed income team. He rejoined us in 2011 from Old Mutual Asset Managers where he was a fund manager. Stephen studied Finance at Queen’s University, Belfast.
Colin Finlayson29/09/2011Colin is an investment manager in the fixed income team. He joined us in 2000 straight from university. Colin studied Economics and Finance at the University of Strathclyde, and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aegon Kames Absolute Return Bond Pn AOR
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.55%
Bid price103.0468
Offer price103.0468
Mid price-
CurrencyGBX
Price updated11/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKLXH
Data provided by

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