Fact sheet: Aviva BR Corporate Bd Pn

Fund information
Fund name
Aviva BlackRock Corporate Bond Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund manager
  • Daniel McKernansince 31/03/2007
Underlying fund
BlackRock Corporate Bond
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income. The Fund invests principally in fixed income securities and money-market instruments which are issued by companies, governments, government agencies and supranationals. The Fund will invest in the full range of fixed income securities and moneymarket instruments which may include investments with a relatively low credit rating or which are unrated. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • ML Sterling Corporate
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.1%
1 Year rank in sector
42/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£7m (£5m 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.
29
Bid price
239.09
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn15.5%
BlackRock DC AqOv 15 YCrp BdIx HP13.8%
AEGON Long Core Plus Pn12.9%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12.6%
MetLife Fid Corp Bd 16yr Pn12.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK67.7%
    Money Market8.9%
    USA7.1%
    Switzerland4.4%
    France3.8%
  • Financials24.3%
    Industrials23.2%
    Government Bonds17.8%
    Utilities12.1%
    Asset/Mortgage-Backed Securities10.6%
  • Global Fixed Interest91.1%
    Money Market8.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-2.5%3.8%8.1%23.7%51.3%
Sector-1.5%-4.9%2.7%6.6%18.5%39.6%
Rank within sector8 / 26519 / 26522 / 26542 / 26016 / 23512 / 210
Quartile1st1st1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.2%2.3%10.5%1.9%17.5%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector22 / 2605 / 246125 / 23579 / 22629 / 210
Quartile1st1st3rd2nd1st
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.
2.03
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.
0.86
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.
0.76
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%.
4.73
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.
1.29
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.
0.97
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.
0.95
Price movement
52 week high246.8
52 week low217.64
Current bid price239.09
Current offer price-
Current mid price-
Region
1UK67.69%
2Money Market8.87%
3USA7.06%
4Switzerland4.41%
5France3.81%
6Germany2.61%
7Italy1.69%
8Australia1.28%
9Jersey0.81%
Industry sector
1Financials24.34%
2Industrials23.23%
3Government Bonds17.76%
4Utilities12.09%
5Asset/Mortgage-Backed Securities10.57%
6Money Market8.87%
7Government Agency Bonds2.41%
8Mortgage & Secured Bonds0.73%
Asset type
1Global Fixed Interest91.13%
2Money Market8.87%
Individual holdings
1TREASURY 4.75% GILT 07/12/30 GBP5.7%
2TREASURY 2% GILT 07/09/25 GBP0.014.31%
3UNITED KINGDOM (GOVERNMENT OF) 0.5 07/22/20223.44%
4TREASURY 2.25% GILT 07/09/23 GBP2.5%
5BANK OF SCOTLAND PLC REGS 9.375 05/15/20212.02%
6NATIONAL WESTMINSTER BANK 6.5% NOTES 7/9/2021 GBP(VAR)1.88%
7CREDIT SUISSE GROUP FINANCE 7% BDS 5/10/2020 GBP10001.4%
8SCOTTISH WIDOWS LTD REGS 5.5 06/16/20231.4%
9NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001.32%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The Fund aims to maximise the return on your investment through a combination of capital growth and income. The Fund invests principally in fixed income securities and money-market instruments which are issued by companies, governments, government agencies and supranationals. The Fund will invest in the full range of fixed income securities and moneymarket instruments which may include investments with a relatively low credit rating or which are unrated. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • ML Sterling Corporate
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Daniel McKernan31/03/2007Daniel McKernan joined Standard Life Investments in 2013, as Head of Sterling Investment Grade Credit. He has responsibility for a number of large credit and aggregate bond mandates. Daniel has over 20 years' investment management experience as a fixed income fund manager and prior to joining us worked at Scottish Widows Investment Partnership as Head of European and Sterling Credit. He has also worked at BlackRock, Aegon Asset Management and Norwich Union.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva BlackRock Corporate Bond Pn Inet
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price373.91
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeN679
Aviva BlackRock Corporate Bond Pn S6
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price239.09
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDES4
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.