Fact sheet: Aviva Corporate Bond Pn

Fund information
Fund name
Aviva Corporate Bond Pn S3
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Christopher Highamsince 30/06/2009
Underlying fund
Aviva Inv Corporate Bond
Fund objective
The Fund aims to provide a level of income above that available from UK Government bonds and to preserve the value of the investment over the long term. Long term is generally regarded as 5 years or more.
Benchmark
  • iBoxx Sterling Non Gilt TR
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.8%
1 Year rank in sector
178/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£256m (£234m 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.
36
Bid price
183.96
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

  • UK51.6%
    Europe26.4%
    North America12.2%
    Money Market4.8%
    International2.6%
  • BBB50.9%
    A20%
    AAA10%
    AA9.3%
    Money Market4.8%
  • UK Corporate Fixed Interest49.5%
    Global Fixed Interest43.2%
    Cash & Cash Equivalents4.8%
    UK Gilts2.1%
    Others0.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-4.9%2.1%5.8%17.8%40.1%
Sector-1.5%-4.9%2.7%6.6%18.5%39.6%
Rank within sector68 / 265137 / 265182 / 265178 / 260129 / 235101 / 210
Quartile2nd3rd3rd3rd3rd2nd
Calendar performance
 YTD - 20162015201420132012
Fund6.8%0.1%10.6%1.1%14.5%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector164 / 260146 / 246122 / 235113 / 22677 / 210
Quartile3rd3rd3rd2nd2nd
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.
-0.86
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.
1.09
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.
0.31
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%.
5.84
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.
0.77
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.
-0.5
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.
0.99
Price movement
52 week high195.63
52 week low170.99
Current bid price183.96
Current offer price-
Current mid price-
Region
1UK51.6%
2Europe26.4%
3North America12.2%
4Money Market4.8%
5International2.6%
6Central & S America1.5%
7Australasia0.9%
Industry sector
1BBB50.9%
2A20%
3AAA10%
4AA9.3%
5Money Market4.8%
6BB2.6%
7Non-Rated1.8%
8B0.3%
9Others0.3%
Asset type
1UK Corporate Fixed Interest49.5%
2Global Fixed Interest43.2%
3Cash & Cash Equivalents4.8%
4UK Gilts2.1%
5Others0.4%
Individual holdings
1EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10002.4%
2EUROPEAN INVESTMENT BANK BOND FIXED 1.5%2.1%
3 WESTERN POWER DISTRIBUTION WEST MIDLANDS PLC1.8%
4HEATHROW FUNDING LTD MEDIUM TERM NOTE FIXED 7.125%1.8%
5ELECTRICITE DE FRANCE SA MEDIUM TERM NOTE FIXED1.7%
6HSBC HLDGS 6.75% SUBORD NTS 11/09/28 GBP500001.7%
7TREASURY 4.75% GILT 07/12/38 GBP1.7%
8AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.6%
9BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.5%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The Fund aims to provide a level of income above that available from UK Government bonds and to preserve the value of the investment over the long term. Long term is generally regarded as 5 years or more.
Benchmark
  • iBoxx Sterling Non Gilt TR
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Christopher Higham30/06/2009Chris joined Norwich Union Investment Management as a graduate trainee in 1999, working initially as part of the UK Gilt team. He holds a BA (Hons) in Economics from Durham University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva 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 price347.41
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeN583
Aviva Corporate Bond Pn S13
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price145.79
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAALL
Aviva Corporate Bond Pn S14
Initial charge-
Annual charge0.3%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.3%
Bid price124.18
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS3A
Aviva Corporate Bond Pn S2
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price207.79
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO42
Aviva Corporate Bond Pn S3
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price183.96
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO43
Aviva Corporate Bond Pn S6 Acc
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price188.14
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN446
Aviva Corporate Bond Pn S8
Initial charge0.2%
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.2%
Bid price180.15
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN501
Data provided by

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