Fact sheet: Aviva Hender FixIntMlIn Pn

Fund information
Fund name
Aviva Henderson Fixed Interest Monthly Income Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • James Gledhillsince 01/12/2007
  • Ben Pakenhamsince 01/03/2010
Underlying fund
Henderson FxIntMtlyInc
Fund objective
To achieve a high yield. The fund will invest principally in fixed interest securities including preference shares.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
6.4%
1 Year rank in sector
40/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£3m (£2m 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.
25
Bid price
177.79
Top in this sector
Fund name1 Year
Canlife AXA Fram Mgd Inc Pn9.3%
AXA Wealth AXA Fram Mgd Inc Pn9.3%
OMW AXA Framlington Mgd Inc9.2%
FL Artemis Stra Bd AP8.2%
Aviva Higher Inc Plus Pn7.8%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • North America35.1%
    UK30.2%
    Europe29%
    Money Market5.2%
    Asia Pacific0.6%
  • Fixed Interest86.5%
    Debt6.3%
    Money Market5.4%
    Equities1.8%
    Derivatives0.2%
  • Global Fixed Interest92.8%
    Money Market5.4%
    International Equities1.8%
    Alternative Investment Strategies0.2%
    Foreign Exchange-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-2%2.7%6.4%20.7%53.1%
Sector-0.5%-1.6%2.7%4.9%12.8%38.8%
Rank within sector136 / 172111 / 17280 / 17240 / 1686 / 15520 / 143
Quartile4th3rd2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund6.8%3.6%8%9.2%17.2%
Sector5.6%0.7%5.6%5.9%15.8%
Rank within sector44 / 1686 / 16325 / 15532 / 15164 / 143
Quartile2nd1st1st1st2nd
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.
1.9
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.
1.1
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.
0.77
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%.
3.73
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.
1.22
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.
1.88
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.
0.9
Price movement
52 week high181.82
52 week low162.34
Current bid price177.79
Current offer price-
Current mid price-
Region
1North America35.07%
2UK30.16%
3Europe28.97%
4Money Market5.24%
5Asia Pacific0.57%
Industry sector
1Fixed Interest86.53%
2Debt6.27%
3Money Market5.36%
4Equities1.78%
5Derivatives0.18%
6Foreign Exchange-0.12%
Asset type
1Global Fixed Interest92.8%
2Money Market5.36%
3International Equities1.78%
4Alternative Investment Strategies0.18%
5Foreign Exchange-0.12%
Individual holdings
1CHARTER COMMUNICATIONS OPT LLC/CAP 6.484% BDS 23/10/45 USD2000 144A1.8%
2CO-OPERATIVE GROUP 2011 7.50% 20261.7%
3DIAMOND 1 FIN/DIAMOND 2 8.1% BDS 15/07/36 USD1000 REG S1.7%
4UBS GROUP 6.875% 20491.7%
5WACHOVIA CAPITAL TRUST III 5.5698% 20491.7%
6NATIONWIDE BUILDING SOCIETY1.6%
7ARDAGH PACKAGING FINANCE 6.75% NTS 15/05/24 EUR100000 REG S1.5%
8BNP PARIBAS 7.195% 20491.5%
9UNITYMEDIA KABELBW GMBH 3.75% BDS 15/01/27 EUR100000 144A1.5%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To achieve a high yield. The fund will invest principally in fixed interest securities including preference shares.
Benchmark
  • No Specified Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Gledhill01/12/2007James joined AXA IM in June 2011 as Global Head of High Yield and Deputy Head of Credit. Based in London and Greenwich, he has close to 20 years of industry experience covering both High Yield and Investment Grade credit. Prior to joining AXA IM, James spent 10 years at New Star / Henderson New Star. During his time there he managed the Monthly Income range of retail bond funds, and launched and managed the range of High Yield funds, growing the High Yield business from nil to circa £3bn in a competitive retail environment. He was appointed Head of Fixed income at New Star in 2007. Between 1992 and 2001 he worked for M&G and Prudential M&G, where he launched and managed the flagship M&G High Yield fund. He was also responsible for the M&G Corporate Bond Fund, which became one of the three dominant funds in the developing investment grade retail bond / PEP market, before concentrating exclusively on High Yield. James holds a degree from Oxford University and is an associate of the Institute of Investment Management & Research.
Ben Pakenham01/03/2010Ben has more than 10 years’ experience in high yield and has been part of the investment team since 2011.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Henderson Fixed Interest Monthly Income 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 price160.36
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA9A5
Aviva Henderson Fixed Interest Monthly Income 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 price177.79
Offer price-
Mid price-
CurrencyGBX
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA9A4
Data provided by

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