Fact sheet: Aviva BR UK Absol Alpha Pn

Fund information
Fund name
Aviva BlackRock UK Absolute Alpha Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Mark Lyttletonsince 06/04/2008
  • Nick Osbornesince 06/04/2008
Underlying fund
BlackRock UK Absolute Alpha
Fund objective
The Fund aims to achieve positive absolute returns for investors through a combination of capital growth and income on your investment and, as such, the Fund will not be managed against any United Kingdom (UK) equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund's capital is at risk. The Fund primarily aims to gain investment exposure to shares and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Quick stats
1 Year return
2.6%
1 Year rank in sector
377/514
Sector
PN Specialist
Yield
-
Fund size
£8m (£9m 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
135.23
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus48.9%
ReAssure AL NptRu&GtrRus Pn48.8%
L&G Nep Russia&Gtr Russia Pn48.2%
OMW InvescoPerpetualEmgEurpn44.4%
Scot Eq JPM Emg Eur Eq Pn43.8%
...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%1.4%1.7%2.6%22.1%26.4%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector102 / 546123 / 545389 / 531377 / 514181 / 386210 / 317
Quartile1st1st3rd3rd2nd3rd
Calendar performance
 YTD - 20162015201420132012
Fund1.8%8.7%8.4%4.2%1.9%
Sector9.3%2%7.2%11%7.7%
Rank within sector392 / 51440 / 450113 / 388250 / 357277 / 318
Quartile4th1st2nd3rd4th
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.
5.57
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.
0.22
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.
0.74
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%.
4.59
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.
6.39
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.
0.09
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.
0.08
Price movement
52 week high135.43
52 week low127.07
Current bid price135.23
Current offer price-
Current mid price-
Region
1UK100%
Industry sector
1Consumer Services15.47%
2Financials13.65%
3Industrials5.29%
4Health Care4.26%
5Telecommunications3.41%
6Oil & Gas2.93%
7Consumer Goods2.7%
8Utilities-0.15%
9Technology-0.33%
Asset type
No data available.
Individual holdings
1RELX PLC6.03%
2CARNIVAL CORP3.77%
3BRITISH AMERICAN TOBACCO3.75%
4LLOYDS BANKING GROUP PLC3.16%
5SHIRE PLC2.97%
6ROYAL DUTCH SHELL2.95%
73I GROUP2.51%
8BETTER CAPITAL2.31%
9INTERTEK GROUP2.23%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The Fund aims to achieve positive absolute returns for investors through a combination of capital growth and income on your investment and, as such, the Fund will not be managed against any United Kingdom (UK) equity index. The Fund will be managed with the aim of delivering absolute (more than zero) returns on a 12 month basis in any market conditions. However, an absolute return is not guaranteed over a 12 month or any period and the Fund may experience periods of negative return. The Fund's capital is at risk. The Fund primarily aims to gain investment exposure to shares and equity-related securities of, or giving exposure to, companies incorporated or listed in the UK. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund. The Fund can use derivatives as part of its investment strategy. This can increase the overall risk profile of the Fund.
Benchmark
  • No Specified Index
Investment style
Absolute Return
Investment method
No data available.
Fund managers
NameSinceBiography
Mark Lyttleton06/04/2008Mark Lyttleton joined BlackRock as a graduate trainee, and has over 16 years experience with the firm. He specialises in managing funds which invest in the UK stockmarket, that have been designed specifically for private investors. Mark is also responsible for co-ordinating company research into the food retailing sector. He manages investments of over £3.2 billion in UK shares. He is BSc (Hons) Chemistry from the univesity of York.
Nick Osborne06/04/2008Nick Osborne, CFA, Director and portfolio manager, is a member of the UK Equity team in the Fundamental Equity division of BlackRock's Portfolio Management Group. He co-manages the UK Absolute Alpha Fund and is responsible for managing UK equity portfolios for institutional and retail investors and also covers the Utilities and Telecommunications sectors.Mr Osborne's service with the firm dates back to 1999, including his years with Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006. He began his career with MLIM in 1999 as an investment analyst on the UK and Emerging Market teams.Mr. Osborne earned a BSc in Economics from Bristol University in 1999.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva BlackRock UK Absolute Alpha 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 price121.5
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEK6
Aviva BlackRock UK Absolute Alpha 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 price135.23
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEK5
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.