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
  • Colin Finlaysonsince 29/09/2011
  • Stephen Snowdensince 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
1.9%
1 Year rank in sector
443/528
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
103.5298
Offer price
103.5298
Top in this sector
Fund name1 Year
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ReAssure AL NptRu&GtrRus Pn51.6%
L&G Nep Russia&Gtr Russia Pn50.5%
SIP Fidelity Gbl Technology Pn48.5%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK34.7%
    USA20.5%
    Netherlands9.2%
    Australia8.4%
    France7.6%
  • Financials37.2%
    Industrials33.3%
    Utilities15.4%
    Money Market5.6%
    Asset/Mortgage-Backed Securities5%
  • UK Fixed Interest41.1%
    US Fixed Interest20.5%
    Dutch Fixed Interest9.2%
    Money Market4.8%
    Spanish Fixed Interest4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%0.3%0.4%1.9%--
Sector0.8%3.6%4.8%14.3%24.6%42.2%
Rank within sector463 / 559467 / 555437 / 550443 / 528--
Quartile4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.3%1.6%0.8%--
Sector2.9%11.6%2%7.2%11%
Rank within sector451 / 555420 / 519267 / 455--
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 high103.72
52 week low101.47
Current bid price103.53
Current offer price103.53
Current mid price-
Region
1UK34.7%
2USA20.47%
3Netherlands9.19%
4Australia8.39%
5France7.57%
6Money Market4.76%
7Spain4.58%
8Cayman Islands3.27%
9Jersey3.18%
Industry sector
1Financials37.2%
2Industrials33.3%
3Utilities15.4%
4Money Market5.6%
5Asset/Mortgage-Backed Securities5%
6Government Bonds2.6%
7Government Agency Bonds0.9%
Asset type
1UK Fixed Interest41.12%
2US Fixed Interest20.48%
3Dutch Fixed Interest9.19%
4Money Market4.81%
5Spanish Fixed Interest4.58%
6French Fixed Interest4.43%
7American Emerging Fixed Interest3.27%
8Belgian Fixed Interest2.72%
9Swiss Fixed Interest2.11%
Individual holdings
1UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1002.65%
2JPMORGAN CHASE & CO 6.128% FR SUB CALL NTS 30/05/17 GBP2.15%
3BG ENERGY CAPITAL 6.5% CAP SECS BDS 30/11/72 GBP1000002.08%
4AT&T INC 5.875% NTS 28/04/17 GBP500002.04%
5AA BOND CO LTD 4.7201% BDS 02/07/43 GBP1000002%
6ANHEUSER-BUSCH INBEV SA/NV 6.5% NTS 23/06/17 GBP10002%
7BANK OF AMERICA CORP 7.75% NTS 30/04/18 GBP500001.99%
8TELEFONICA EMISIONES SAU 5.375% INST 02/02/18 GBP500001.98%
9ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500001.96%
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
Colin Finlayson29/09/2011Colin Finlayson is an investment manager in Kames Capital’s Fixed Income team and specialises in global government bonds and relative-value analysis. He is the co-manager of the Kames Absolute Return Fund and Kames Strategic Global Bond Fund as well as the Core Plus and Long Core Plus pooled pension funds. He joined us in 2000 directly from the University of Strathclyde, where he studied Economics and Finance. Colin is a CFA charterholder.
Stephen Snowden29/09/2011Stephen Snowden is Head of Credit in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds and an absolute return bond fund. He rejoined Kames Capital in July 2011 from Old Mutual Asset Management where he managed the Corporate Bond Fund. Stephen started his career with us in 1994, initially focusing on equities before moving to the fixed income team to manage corporate bond funds. He has a first class honours degree BSc Finance and an MSc Finance from Queens University Belfast, and is also an associate member of the CFA Society of the UK.
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 price103.5298
Offer price103.5298
Mid price-
CurrencyGBX
Price updated22/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKLXH
Data provided by

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