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
12.1%
1 Year rank in sector
49/167
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
183.14

Performance snapshot

Holdings snapshot

  • North America35.1%
    UK30.4%
    Europe29.3%
    Money Market4.1%
    Asia Pacific1.1%
  • Fixed Interest88%
    Debt6%
    Money Market5.7%
    Equities1.8%
    Derivatives0.1%
  • Global Fixed Interest94%
    Money Market5.7%
    International Equities1.8%
    Alternative Investment Strategies0.1%
    Foreign Exchange-1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.8%3.1%1.5%12.1%21.2%52.3%
Sector0.7%2.3%1.1%10%13%35.8%
Rank within sector2 / 17343 / 17277 / 17149 / 1675 / 15615 / 143
Quartile1st1st2nd2nd1st1st
Calendar performance
 YTD - 20172016201520142013
Fund1.8%8.2%3.6%8%9.2%
Sector1.1%6.7%0.7%5.6%5.9%
Rank within sector18 / 17342 / 1676 / 16225 / 15532 / 151
Quartile1st2nd1st1st1st
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.
1.71
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.
0.76
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%.
3.74
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.
1.72
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 high183.14
52 week low163.08
Current bid price183.14
Current offer price-
Current mid price-
Region
1North America35.1%
2UK30.39%
3Europe29.27%
4Money Market4.1%
5Asia Pacific1.14%
Industry sector
1Fixed Interest88%
2Debt6.01%
3Money Market5.75%
4Equities1.78%
5Derivatives0.11%
6Foreign Exchange-1.65%
Asset type
1Global Fixed Interest94.01%
2Money Market5.75%
3International Equities1.78%
4Alternative Investment Strategies0.11%
5Foreign Exchange-1.65%
Individual holdings
1CHARTER COMMUNICATIONS OPT LLC/CAP 6.484% BDS 23/10/45 USD2000 144A1.8%
2CO-OPERATIVE GROUP 2011 7.50% 20261.8%
3UBS GROUP 6.875% 20491.8%
4CSC 6.625% 20251.7%
5DIAMOND 1 FIN/DIAMOND 2 8.1% BDS 15/07/36 USD1000 REG S1.7%
6NATIONWIDE BUILDING SOCIETY1.7%
7WACHOVIA CAPITAL TRUST III 5.5698% 20491.7%
8SIG COMBIBLOC SCA 7.75% 20231.5%
9UNITYMEDIA GMBH 3.75% 20271.5%
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 and has over 22 years’ investment experience. He joined AXA IM from Henderson New Star, where he spent 10 years. During his time there he successfully launched and built their retail fixed income business (from nil to circa £3bn in assets in a competitive retail environment), and was appointed Head of Fixed Income in 2007. Between 1992 and 2001, he worked for M&G and Prudential M&G, managing flagship High Yield and Corporate Bond Funds. He holds a degree from Oxford University.
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 price164.81
CurrencyGBX
Price updated20/02/2017
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 price183.14
Offer price-
Mid price-
CurrencyGBX
Price updated20/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA9A4
Data provided by

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