Fact sheet: Aviva Inv Corporate Bond

Fund information
Fund name
Aviva Inv Corporate Bond 2
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
Fund managers
  • James Vokinssince 29/06/2016
  • Colin Purdiesince 29/06/2016
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 TR
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
8.3%
1 Year rank in sector
63/89
Sector
UT Sterling Corporate Bond
Yield
2.8%
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
0.62%
Fund size
£2,191m (£2,404m 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
Mid price
92.98
Top in this sector
Fund name1 Year
Schroder Long Dated Corp Bond17.5%
Henderson Inst Long Dat Cr15.9%
F&C Instl Lg Dtd Corp Bd15.5%
Newton Long Corporate Bond15.4%
Insight UK Corp Lg Mat Bd15.2%
...more in UT Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK52.3%
    Europe23%
    North America11.7%
    Money Market7.4%
    Others2.8%
  • BBB43.5%
    A17.6%
    AA11.3%
    AAA11.2%
    Money Market7.4%
  • UK Corporate Fixed Interest45.7%
    Global Fixed Interest39.6%
    Cash & Cash Equivalents7.4%
    UK Gilts6.6%
    Others0.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%3.7%2.7%8.3%18.4%36.8%
Sector0.9%3.5%2.8%9.3%18.8%34.7%
Rank within sector44 / 9649 / 9454 / 9263 / 8953 / 8239 / 69
Quartile2nd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund2.3%8.1%-0.1%10.7%0.7%
Sector2.5%9.1%-0.3%10.1%0.2%
Rank within sector59 / 9461 / 8745 / 8539 / 8240 / 76
Quartile3rd3rd3rd2nd3rd
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.
-0.63
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.
1.11
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.
0.42
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%.
5.97
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.
0.81
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.
-0.03
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 high96.84
52 week low88.05
Current bid price-
Current offer price-
Current mid price92.98
Region
1UK52.3%
2Europe23%
3North America11.7%
4Money Market7.4%
5Others2.8%
6Central & S America1.9%
7Australasia0.9%
Industry sector
1BBB43.5%
2A17.6%
3AA11.3%
4AAA11.2%
5Money Market7.4%
6Non-Rated5.1%
7BB2.8%
8Others0.7%
9B0.4%
Asset type
1UK Corporate Fixed Interest45.7%
2Global Fixed Interest39.6%
3Cash & Cash Equivalents7.4%
4UK Gilts6.6%
5Others0.7%
Individual holdings
1EUROPEAN INVESTMENT BANK 5% BDS 15/4/2039 GBP10002.4%
2EUROPEAN INVESTMENT BANK BOND FIXED 1.5%2%
3TREASURY 4.75% GILT 20201.9%
4 WESTERN POWER DISTRIBUTION WEST MIDLANDS PLC1.8%
5HEATHROW FUNDING LTD MEDIUM TERM NOTE FIXED 7.125%1.7%
6HSBC HLDGS 6.75% SUBORD NTS 11/09/28 GBP500001.7%
7AA BOND CO LTD 6.269% BDS 31/07/25 GBP1000001.6%
8ELECTRICITE DE FRANCE SA MEDIUM TERM NOTE FIXED1.6%
9SANTANDER UK PLC MEDIUM TERM NOTE FIXED 5.125%1.5%
Management
Fund manager group
Aviva
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
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 TR
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Vokins29/06/2016James 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 Purdie29/06/2016James 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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Netherlands
Aviva Inv Corporate Bond 1
Initial charge-
Annual charge0.8%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)0.8%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price61.73
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNA92
Aviva Inv Corporate Bond 2
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)0.62%
Bid price-
Offer price-
Mid price92.98
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNA64
Aviva Inv Corporate Bond 3 Acc
Initial charge-
Annual charge0.3%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)0.32%
Bid price-
Offer price-
Mid price175.89
CurrencyGBX
Price updated27/04/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeAYZ9
Aviva Inv Corporate Bond 3 Inc
Initial charge-
Annual charge0.3%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.32%
Total expense ratio (TER)0.32%
Bid price-
Offer price-
Mid price122.54
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeCU83
Aviva Inv Corporate Bond A
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.12%
Total expense ratio (TER)1.12%
Bid price-
Offer price-
Mid price57.79
CurrencyGBX
Price updated27/04/2017
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeGN67
Data provided by

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