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
10%
1 Year rank in sector
30/56
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.
26
Bid price
116.2767
Offer price
116.2767
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn17.5%
Zurich Royal Lon Stg ExYldBd Pn17%
L&G High Income Pn15.3%
FL AXA Gbl High Inc EP13.7%
L&G Schroder Hi Yield Opps Pn13.7%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • Europe58.3%
    International16.8%
    UK9.9%
    North America6.3%
    Money Market4.2%
  • Others13.4%
    Telecommunications12.7%
    Media12.5%
    Basic Industries8.9%
    Capital Goods7.9%
  • European Fixed Interest58.3%
    Global Fixed Interest15.1%
    UK Corporate Fixed Interest9.9%
    North American Fixed Interest6.3%
    Money Market4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.3%2.2%5.5%10%--
Sector1%2%5.7%10.9%15.5%42.6%
Rank within sector6 / 5711 / 5730 / 5730 / 56--
Quartile1st1st3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.5%9.3%2.3%--
Sector3.5%11.2%-0.1%4.4%6.8%
Rank within sector25 / 5739 / 5510 / 53--
Quartile2nd3rd1st
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 high116.51
52 week low105.2
Current bid price116.28
Current offer price116.28
Current mid price-
Region
1Europe58.25%
2International16.75%
3UK9.85%
4North America6.28%
5Money Market4.19%
6Asia Pacific ex Japan1.43%
7Japan1.37%
8Global Emerging Markets0.89%
9Not Specified0.86%
Industry sector
1Others13.4%
2Telecommunications12.7%
3Media12.5%
4Basic Industries8.9%
5Capital Goods7.9%
6Banks7.2%
7Energy6.6%
8Utilities6.6%
9Automotive5.7%
Asset type
1European Fixed Interest58.25%
2Global Fixed Interest15.11%
3UK Corporate Fixed Interest9.85%
4North American Fixed Interest6.28%
5Money Market4.19%
6Others1.64%
7Asia Pacific ex Japan Fixed Interest1.43%
8Japanese Fixed Interest1.37%
9Global Emerging Market Fixed Interest0.89%
Individual holdings
1GAZPROM4.5%
2TELEFONICA EUROP3%
3UNITYMEDIA2.8%
4WIND ACQUISITION2.3%
5TESCO PLC2.2%
6TELECOM ITALIA2.1%
7VIRGIN MEDIA2.1%
8ANGLO AMERICAN1.8%
9ALTICE SA1.7%
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 price116.2767
Offer price116.2767
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKLYE
Data provided by

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