Fact sheet: Aviva BNY Mellon Abs Rtn Bd Pn

Fund information
Fund name
Aviva BNY Mellon Absolute Return Bond Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund manager
  • Team Approachsince 12/06/2016
Underlying fund
BNY Mellon Abs Rtn Bd
Fund objective
To provide a positive absolute return in all market conditions by investing primarily in debt and debt-related securities and instruments located worldwide. The fund aims to deliver cash 3 month GBP LIBOR + 3% on a rolling annualised 3 year basis before fees. In doing so, the Fund aims to achieve a positive return over a rolling 12 month period. However, a positive return is not guaranteed and a capital loss may occur. Derivatives may be used for investment purposes.
Benchmark
  • EURIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
PN Specialist
Yield
-
Fund size
£0m
Bid price
101.77
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus41.4%
ReAssure AL NptRu&GtrRus Pn40.9%
L&G Nep Russia&Gtr Russia Pn40.7%
Scot Eq JPM Emg Eur Eq Pn36.6%
OMW InvescoPerpetualEmgEurpn36.5%
...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%1.3%----
Sector-0.8%-0.9%5.9%8.3%20.4%40.7%
Rank within sector82 / 54673 / 545----
Quartile1st1st
Calendar performance
 YTD - 20162015201420132012
Fund-----
Sector8.3%2%7.2%11%7.7%
Rank within sector-----
Quartile
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.
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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.
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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.
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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%.
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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.
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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.
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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.
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Price movement
52 week high101.98
52 week low99.02
Current bid price101.77
Current offer price-
Current mid price-
Region
1Money Market171.6%
2USA19.7%
3Netherlands8.8%
4France8.1%
5Not Specified6.2%
6Switzerland3.8%
7Spain3%
8Ireland2.1%
9Canada1.7%
Industry sector
1A1%
2BBB0.8%
3AA0.1%
4BB0.1%
Asset type
No data available.
Individual holdings
1US Ultra Bond Cbt Dec1675.32%
2EURO-BUND FUTURE DEC1627.67%
3US 10YR NOTE (CBT) DEC201613.3%
4EURO-BOBL FUTURE  DEC169.77%
5LLOYDS BA FRN 08/21/17-9.77%
6NATIONWID FRN 11/02/18-11.3%
7US TSY I/ 1.38% 15/44 IFL-20.76%
8INSIGHT GFII-EMRG MKTS DB-31.95%
9 US TSY I/ 0.75% 15/45 IFL-52.02%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To provide a positive absolute return in all market conditions by investing primarily in debt and debt-related securities and instruments located worldwide. The fund aims to deliver cash 3 month GBP LIBOR + 3% on a rolling annualised 3 year basis before fees. In doing so, the Fund aims to achieve a positive return over a rolling 12 month period. However, a positive return is not guaranteed and a capital loss may occur. Derivatives may be used for investment purposes.
Benchmark
  • EURIBOR
Investment style
Absolute Return
Investment method
Fixed Interest
Fund manager
NameSinceBiography
Team Approach12/06/2016William Sterling, Ph.D., CIO, Senior Portfolio Manager - Mr. Sterling has guided Trilogy since he founded the firm in 1999. Long standing global asset management relationships followed him to Trilogy and have been managed by Bill since 1996. Under his direction and portfolio management discipline, Trilogy has performed for its clients for both international and global mandates. Mr. Sterling launched Trilogy after leaving Credit Suisse Asset Management, where he was an Executive Director and Global Head of Equities. Bill was a Managing Director and Head of International Equities at BEA Associates before the firm was acquired by CSAM. Previously, Bill was Head of Economic Research in Tokyo and later Chief International Economist at Merrill Lynch. He has a Ph.D. in Economics from Harvard University and studied at the University of Tokyo in the early 1980s as a Fulbright scholar. He is fluent in Japanese. Robert Beckwitt, Managing Director and Senior Portfolio Manager - Bob is responsible for the day-to-day portfolio management of Trilogy’s client portfolios. Bob joined Trilogy from Goldman Sachs Asset Management, where he was a Managing Director and served as a Portfolio Manager and Co-Head of International Equities and Emerging Markets. Previously, Bob was a Portfolio Manager at Fidelity Investments where he managed a series of Fidelity mutual funds, including the highly successful Fidelity Asset Manager Funds, which grew to approximately $18 billion during his tenure. He has a B.A in Economics from Princeton and a M.S. in Finance from Sloan School at Massachusetts Institute of Technology. Gregory J. Gigliotti, Managing Director and Senior Portfolio Manager - Greg is responsible for the day-to-day portfolio management of Trilogy’s client portfolios. Greg joined Trilogy from Iridian Asset Management, where he was a Managing Director. Previously, Greg was a Vice President and Senior Portfolio Manager at Goldman Sachs Asset Management, where he co-managed a $7 billion series of mutual funds and institutional accounts. Greg also worked at Franklin Mutual Advisors (formerly the Mutual Series Funds) as a Vice President and Senior Analyst and was member of the investment team led by Michael Price. He has a B.A. in Economics and International Relations from Connecticut College. Pablo Salas, Managing Director and Senior Portfolio Manager - Pablo is responsible for the management of Trilogy’s Emerging Market Equity portfolios. Pablo joined Trilogy in 2005, the result of a merger with BPI Global Asset Management, LLP, where he was a co-founder. Prior to BPI, Pablo was a Director and Senior Portfolio Manager in the International Portfolio Management and Research area at STI Capital Management/Sun Trust, Inc., where he launched the Emerging Markets Portfolio. Previously, Pablo was a Portfolio Manager in the International Equities area at Lazard Freres Asset Management where he launched an Emerging Markets Portfolio. Pablo also held positions at the Principal Financial Group/Invista Capital Management and NationsBank. He earned a B.S. in Business Administration and majored in Marketing from Indiana University and earned a M.B.A from the University of Wisconsin Francois Campeau, Managing Director and Portfolio Manager - Francois joined Trilogy shortly after the firm’s founding in 2000. Since that time, Francois has served as a Research Analyst covering several global sectors including Consumer Discretionary, Consumer Staples, Technology and Telecommunication Services. In addition to his analyst responsibilities, Francois has been managing sector funds for several years and has been a co-portfolio manager for a concentrated global portfolio which he has co-managed since 2007. Previously, François was a member of the global equity team focusing on information Technology and Telecommunication Services stocks for Montrusco Bolton Inc. François has also worked as a treasury analyst at Bombardier and as a financial analyst at the Federal Business Development Bank. He earned a B.A. in Administration from Montreal's École des Hautes Études Commerciales and a M.A. in Management Sciences and Finance from the University of Sherbrooke. François is a Chartered Financial Analyst.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva BNY Mellon Absolute Return Bond Pn Inet
Initial charge-
Annual charge1.44%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price101.1
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN5CE
Aviva BNY Mellon Absolute Return Bond Pn S6
Initial charge-
Annual charge1.44%
Min single investment£1
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price101.77
Offer price-
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN5CD
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