Fact sheet: Aegon ThrdndlHYBdPn

Fund information
Fund name
Aegon Threadneedle High Yield Bond Pn AOR
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund managers
  • Barrie Whitmansince 04/10/1999
  • David Backhousesince 24/04/2012
Underlying fund
Threadneedle Hi Yld Bd
Fund objective
The fund aims to provide income by investing at least two-thirds of its assets in high income paying bonds issued by companies worldwide. High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income.
Benchmark
  • The BofA Merrill Lynch European Currency High Yield Constrained Excl Subordinated Fin Idx Hgd to EUR
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
8.9%
1 Year rank in sector
40/57
Sector
PN Sterling High Yield
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.
27
Bid price
114.8139
Offer price
114.8139
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn16.7%
Zurich Royal Lon Stg ExYldBd Pn16.2%
L&G High Income Pn15.1%
FL AXA Gbl High Inc EP13.8%
CM Schroder Mthly Hi Inc Pn13.3%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • Europe57.4%
    International15.3%
    Money Market9.4%
    UK9.2%
    North America4.7%
  • Others12.8%
    Telecommunications12.8%
    Media12%
    Basic Industries9.2%
    Capital Goods8.1%
  • Global High Yield Fixed Interest92.3%
    Money Market7.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.4%2%3.4%8.9%--
Sector0.8%1.9%3%10.6%15.4%41.1%
Rank within sector46 / 5810 / 5823 / 5740 / 57--
Quartile4th1st2nd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.2%9.3%2.3%--
Sector2.5%11.2%-0.1%4.4%6.8%
Rank within sector30 / 5840 / 5610 / 54--
Quartile3rd3rd1st
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 high114.75
52 week low105.2
Current bid price114.81
Current offer price114.81
Current mid price-
Region
1Europe57.42%
2International15.31%
3Money Market9.4%
4UK9.21%
5North America4.74%
6Japan1.29%
7Asia Pacific ex Japan1.27%
8Not Specified0.82%
9Global Emerging Markets0.54%
Industry sector
1Others12.8%
2Telecommunications12.8%
3Media12%
4Basic Industries9.2%
5Capital Goods8.1%
6Money Market7.7%
7Banks6.7%
8Energy6.1%
9Utilities5.8%
Asset type
1Global High Yield Fixed Interest92.3%
2Money Market7.7%
Individual holdings
1GAZPROM3.7%
2TELEFONICA EUROP2.9%
3ANGLO AMERICAN2.5%
4VIRGIN MEDIA2.4%
5UNITYMEDIA2.3%
6WIND ACQUISITION2.2%
7TESCO PLC2.1%
8TELECOM ITALIA SPA(NEW)2%
9ARDAGH1.9%
Management
Fund manager group
Scottish Equitable
Fund manager company
Aegon/Scottish Equitable plc
Fund type
Pension Fund
Fund objective
The fund aims to provide income by investing at least two-thirds of its assets in high income paying bonds issued by companies worldwide. High income paying bonds are bonds that have received lower ratings from international agencies that provide such ratings. These bonds are considered riskier than higher rated bonds but typically pay a higher income.
Benchmark
  • The BofA Merrill Lynch European Currency High Yield Constrained Excl Subordinated Fin Idx Hgd to EUR
Investment style
High Yield
Investment method
No data available.
Fund managers
NameSinceBiography
Barrie Whitman04/10/1999Barrie Whitman joined the company in 1999 as is currently Head of Corporate Credit, EMEA, with responsibility for our high yield and investment grade fixed income teams in London. He manages the Threadneedle Credit Opportunities Fund and Strategic Bond Fund, and co-manages the Threadneedle High Yield Bond Fund as well as a number of institutional mandates.Barrie began his investment career in 1987 at United Bank of Kuwait as a credit analyst specialising in high yield bond investment. In 1990 he became a high yield fund manager and, in 1996, CIO for High Yield Investments. He then moved to Standard Bank London in 1997 as Head of European High Yield and Distressed Debt.Barrie graduated in 1982 with a BSc in Economics and Accounting from Hull University and qualified as a Chartered Accountant in 1986. He is also a member of the Institute of Chartered Accounts in England and Wales.
David Backhouse24/04/2012David Backhouse is a portfolio manager in the dedicated High Yield Bond team. He joined the company in 2003 as an investment analyst, specialising in non-investment grade credits. Before joining the company, David worked for Gartmore as a credit analyst. He has also worked for UBK Asset Management as a senior Telecommunications analyst and Ernst & Young as an auditor.He holds a BEng (Hons) degree in electrical and electronic engineering from UMIST and is a qualified chartered accountant. David is a member the Institute of Chartered Accountants in England and Wales.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aegon Threadneedle High Yield Bond Pn AOR
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.75%
Bid price114.8139
Offer price114.8139
Mid price-
CurrencyGBX
Price updated20/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKLYE
Data provided by

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