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
  • James Vokinssince 01/06/2016
  • Colin Purdiesince 01/06/2016
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 Idx
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
8.2%
1 Year rank in sector
180/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£263m (£241m 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
192.7
Top in this sector
Fund name1 Year
OMW IPL L&G AAA CrpBdOv15YIx Pn15.1%
BlackRock DC AqOv 15 YCrp BdIx HP14.8%
AEGON Long Core Plus Pn14.5%
AEGON UK Long Corporate Bond Pn14.4%
FL TEActv Bln Bd IE13.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK54.4%
    Europe21.7%
    North America12.8%
    Others4.1%
    Money Market3.7%
  • BBB44.5%
    A18.9%
    AA12.1%
    AAA10.6%
    Non-Rated5.1%
  • UK Corporate Fixed Interest47.9%
    Global Fixed Interest39.6%
    UK Gilts6.5%
    Cash & Cash Equivalents3.7%
    Others2.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.7%2.2%5.4%8.2%19.2%37.9%
Sector0.8%2.2%5.2%9%19.9%38.2%
Rank within sector176 / 263103 / 262110 / 260180 / 259133 / 230118 / 215
Quartile3rd2nd2nd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.1%8.6%0.1%10.6%1.1%
Sector3.1%9.4%0.2%10.5%1%
Rank within sector147 / 260166 / 256142 / 242118 / 230111 / 221
Quartile3rd3rd3rd3rd3rd
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.
-0.68
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.
1.08
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.
0.43
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%.
5.86
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.
0.7
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.
-0.33
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 low178.08
Current bid price192.7
Current offer price-
Current mid price-
Region
1UK54.4%
2Europe21.7%
3North America12.8%
4Others4.1%
5Money Market3.7%
6Central & S America2.3%
7Australasia1%
Industry sector
1BBB44.5%
2A18.9%
3AA12.1%
4AAA10.6%
5Non-Rated5.1%
6Money Market3.7%
7Others2.4%
8BB2.3%
9B0.4%
Asset type
1UK Corporate Fixed Interest47.9%
2Global Fixed Interest39.6%
3UK Gilts6.5%
4Cash & Cash Equivalents3.7%
5Others2.3%
Individual holdings
1EUROPEAN INVESTMENT BANK BOND FIXED 1.5%2.4%
2TREASURY 4.75% GILT 20202.2%
3TREASURY 4.5% GILT 7/12/42 GBP2.1%
4TREASURY 4.75% GILT 07/12/38 GBP2.1%
5ELECTRICITE DE FRANCE SA MEDIUM TERM NOTE FIXED1.9%
6AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.8%
7SANTANDER UK PLC MEDIUM TERM NOTE FIXED 5.125%1.8%
8BARCLAYS BANK PLC MEDIUM TERM NOTE FIXED 10%1.7%
9EUROPEAN INVESTMENT BANK BOND FIXED 5.375%1.6%
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 Idx
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
James Vokins01/06/2016James Vokins joined Aviva Investors in September 2005. He initially joined Aviva Investors as a graduate within the finance department, spending the first nine months of his employment within compliance and business risk. In October 2006 he moved to the c
Colin Purdie01/06/2016James Vokins joined Aviva Investors in September 2005. He initially joined Aviva Investors as a graduate within the finance department, spending the first nine months of his employment within compliance and business risk. In October 2006 he moved to the credit team as an investment analyst. He has had several short-term internships with JP Morgan in the debt capital markets bond/loan origination. He has also worked for ConocoPhillips as a desk assistant for the crude oil traders and for HSBC as a major projects analyst.James holds a BSc (Hons) in Business Administration, from University of Bath and the CFA Society of the UK, Investment Management Certificate. He has also passed the CFA.
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)0.6%
Bid price-
Offer price-
Mid price364.6
CurrencyGBX
Price updated24/05/2017
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 price153.43
Offer price-
Mid price-
CurrencyGBX
Price updated24/05/2017
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 price130.51
Offer price-
Mid price-
CurrencyGBX
Price updated24/05/2017
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 price218.68
Offer price-
Mid price-
CurrencyGBX
Price updated24/05/2017
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 price192.7
Offer price-
Mid price-
CurrencyGBX
Price updated24/05/2017
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)0.6%
Bid price198
Offer price-
Mid price-
CurrencyGBX
Price updated24/05/2017
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 price189.42
Offer price-
Mid price-
CurrencyGBX
Price updated24/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN501
Data provided by

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