Fact sheet: Aviva Fixed Interest Init PM Pn

Fund information
Fund name
Aviva Fixed Interest Initial PM Pn Ord
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Orla Garveysince 01/01/2014
No data available.
Fund objective
To provide a reasonably good return mainly through investment income with the prospect of some capital growth. The fund will be invested mainly in British Government Stocks.
Benchmark
  • FTSE Brit Govt All Stocks
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.8%
1 Year rank in sector
90/178
Sector
PN UK Gilts
Yield
-
Fund size
£1,923m (£1,684m 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.
55
Bid price
1315.6
Offer price
1384.8
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn17.2%
AEGON UK Long Gilt Pn13.4%
AXA Wealth Teams Act UK Lg Glts Pn13.3%
Zurich Long Dated Gilt Pn12.3%
FL TMLgGltTra EP12.2%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-7.6%2%5.8%19.5%21.3%
Sector-1.6%-7.5%2.2%6.4%20%20.9%
Rank within sector73 / 179119 / 17866 / 17890 / 17860 / 17045 / 155
Quartile2nd3rd2nd3rd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.4%0.4%12.3%-4.5%3%
Sector7.8%-0.3%13.3%-4.8%2.3%
Rank within sector70 / 17845 / 17562 / 17046 / 16420 / 155
Quartile2nd2nd2nd2nd1st
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.
-0.19
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.
0.99
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.
0.35
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%.
7.24
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.
0.65
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.
-0.42
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 high1430.5
52 week low1224.8
Current bid price1315.6
Current offer price1384.8
Current mid price-
Region
1UK99.4%
2Money Market0.6%
Industry sector
1AA99.5%
2Money Market0.6%
3Others-0.1%
Asset type
1UK Gilts99.4%
2Cash & Cash Equivalents0.6%
Individual holdings
1TREASURY 3.5% GILT 22/01/45 GBP15%
2TREASURY 1.75% GILT 22/01/17 GBP0.0111.4%
31½% TREASURY GILT 20269.8%
4TREASURY 2% GILT 22/07/20 GBP0.017.7%
5TREASURY 4.5% GILT 7/9/2034 GBP0.016.7%
6TREASURY 1.75% GILT 22/07/19 GBP0.016.6%
7TREASURY 2.5% GILT 22/07/65 GBP0.16.5%
8TREASURY 1% GILT 07/09/17 GBP0.015.6%
9TREASURY 4.25% GILT 07/12/405.5%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To provide a reasonably good return mainly through investment income with the prospect of some capital growth. The fund will be invested mainly in British Government Stocks.
Benchmark
  • FTSE Brit Govt All Stocks
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Orla Garvey01/01/2014Orla joined SWIP in February 2010 as a Trainee Fund Manager in the Global Rates team. She focuses on Gilt and Index Linked Gilt portfolios. Prior to joining SWIP, Orla spent a year with the Representative Church Body in Ireland actively managing both a bond and UK & Irish equity portfolio. Orla has also spent two years as an equity analyst at NCB Stockbrokers in Dublin. Orla holds an MSc in Statistics from University College Dublin, as well as a BSc Financial and Actuarial Maths from Dublin City University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Fixed Interest Initial PM Pn
Initial charge-
Annual charge4.13%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price437.7
Offer price460.7
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codePO15
Aviva Fixed Interest Initial PM Pn Ord
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price1315.6
Offer price1384.8
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codePO16
Data provided by

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