Fact sheet: Aviva Higher Inc Plus Pn

Fund information
Fund name
Aviva Higher Income Plus Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund manager
  • Chris Highamsince 01/11/2009
Underlying fund
Aviva Inv Higher Income Plus
Fund objective
A high level of investment income. Diversified investment in fixed interest securities issued by corporates, governments and supranational institutions. Investment principally in Sterling denominated securities but the Fund may also invest in global securities issued in a variety of currencies. May also invest in: transferable securities, money market instruments, collective investment schemes, deposits and derivatives and forward transactions.
Benchmark
  • ML Composite Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.5%
1 Year rank in sector
10/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£5m (£3m 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.
27
Bid price
181.98
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
Canlife AXA Fram Mgd Inc Pn9.4%
OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK48.6%
    Europe24.3%
    North America7.8%
    Money Market6.9%
    Central & S America5.5%
  • BBB34.9%
    BB26.8%
    B9.9%
    A9.4%
    Money Market6.9%
  • UK Corporate Fixed Interest45.2%
    Global Fixed Interest42.2%
    Cash & Cash Equivalents6.9%
    UK Gilts3.4%
    Others2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-3.1%3.2%7.5%23.7%60.4%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector101 / 172146 / 17255 / 17210 / 1681 / 1557 / 143
Quartile3rd4th2nd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9%2.6%9.9%7.2%20.5%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector5 / 16829 / 1638 / 15564 / 15131 / 143
Quartile1st1st1st2nd1st
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.
1.61
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.
1.32
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%.
4.58
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.
2.01
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.
1.41
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.
0.85
Price movement
52 week high187.96
52 week low164.13
Current bid price181.98
Current offer price-
Current mid price-
Region
1UK48.6%
2Europe24.3%
3North America7.8%
4Money Market6.9%
5Central & S America5.5%
6European Emerging Markets2.2%
7Others2.1%
8Emerging Asia1.3%
9Middle East/ Africa0.8%
Industry sector
1BBB34.9%
2BB26.8%
3B9.9%
4A9.4%
5Money Market6.9%
6AA4.8%
7Non-Rated2.9%
8Others2.3%
9CCC+2.1%
Asset type
1UK Corporate Fixed Interest45.2%
2Global Fixed Interest42.2%
3Cash & Cash Equivalents6.9%
4UK Gilts3.4%
5Others2%
6International Equities0.3%
Individual holdings
1AVIVA INVESTORS EMERGING MARKETS BOND FUND CLASS ZQH EUR HDG9.2%
2LAFARGE SA MEDIUM TERM NOTE FIXED 8.75%2%
3TREASURY 4.5% GILT 7/12/42 GBP2%
4ENEL SPA 8.75% BDS 24/09/73 USD10001.7%
5AT&T INC 4.25% BDS 01/06/43 GBP1000001.5%
6RSA INSURANCE GROUP PLC CALLABLE NOTES VARIABLE1.5%
7AMERICA MOVIL SAB DE CV NOTES FIXED 4.375%1.4%
8IMPERIAL BRANDS FINANCE PLC MEDIUM TERM NOTE FIXED1.4%
9LEGAL & GENERAL GROUP PLC CALLABLE MEDIUM TERM1.4%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
A high level of investment income. Diversified investment in fixed interest securities issued by corporates, governments and supranational institutions. Investment principally in Sterling denominated securities but the Fund may also invest in global securities issued in a variety of currencies. May also invest in: transferable securities, money market instruments, collective investment schemes, deposits and derivatives and forward transactions.
Benchmark
  • ML Composite Index
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Chris Higham01/11/2009Chris Higham is the head of Credit Multi-Strategy Fixed Income. He joined Aviva investors in 2007. Chris oversees a range of bond funds which invest across fixed-income assets, including investment-grade corporates, high-yield corporates, government, and emerging markets bonds. During 2013 the Aviva Investors Managed High Income Fund was awarded the Lipper Fund award within the Bond-Global High Yield category. In 2014 the Aviva Investors Strategic Bond Fund was the winner of the Investment Advisor 100 club Sterling Strategic Bond Fund of the year. Chris has managed the Strategic Bond Fund from launch in 2008. Chris has extensive investment experience. Prior to joining Aviva Investors he worked as a portfolio manager for Old Mutual Asset Managers. He joined the industry as a credit analyst. Chris graduated from Durham University with a BA (Hons) in Economics. He is an associate member of the UK Society Investment Professionals and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Higher Income Plus 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 price171.75
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH7W0
Aviva Higher Income Plus 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 price151.05
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAANH
Aviva Higher Income Plus 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 price181.98
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH7V9
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.