Fact sheet: Aviva Inv High Yield Bond

Fund information
Fund name
Aviva Inv High Yield Bond 2 Inc
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
Fund managers
  • Chris Highamsince 01/11/2012
Accolades
Fund objective
The Fund aims to create a high level of income and the best possible total returns from investment in a broad range of bonds.
Benchmark
  • ML Euro Fixed and Floating 3% constrained Hedged to GBP
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
5.3%
1 Year rank in sector
15/23
Sector
UT Sterling High Yield
Yield
4.7%
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.
0.64%
Fund size
£202m (£125m 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
Mid price
108.97
Top in this sector
Fund name1 Year
Fidelity Global High Yield11.7%
Newton Global Hi Yield Bd10.3%
L&G High Income Trust9.7%
Investec MonthlyHiInc9.4%
JPM Global High Yield Bond8.8%
...more in UT Sterling High Yield

Performance snapshot

Holdings snapshot

  • Europe44.8%
    UK36.2%
    North America9.4%
    Money Market5.8%
    Japan1%
  • BB46.8%
    B17.4%
    BBB10.8%
    CCC+10.1%
    Money Market5.8%
  • Global Fixed Interest57.4%
    UK Corporate Fixed Interest32.6%
    Cash & Cash Equivalents5.8%
    UK Gilts3.6%
    Others0.6%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%-1%3%5.3%17.2%56.2%
Sector-0.4%-0.2%4.2%6.5%10.3%40.7%
Rank within sector11 / 2320 / 2319 / 2315 / 232 / 224 / 20
Quartile2nd4th4th3rd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund6.3%3.4%5.9%9.6%20.2%
Sector8%-0.3%1.8%6.2%18.4%
Rank within sector15 / 235 / 231 / 222 / 219 / 20
Quartile3rd1st1st1st2nd
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.
2.82
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.
0.9
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.
0.56
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%.
4.28
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.
1.68
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.
1.46
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.
0.86
Price movement
52 week high111.46
52 week low101.36
Current bid price-
Current offer price-
Current mid price108.97
Region
1Europe44.8%
2UK36.2%
3North America9.4%
4Money Market5.8%
5Japan1%
6Asia0.9%
7Central & S America0.6%
8European Emerging Markets0.5%
9Others0.5%
Industry sector
1BB46.8%
2B17.4%
3BBB10.8%
4CCC+10.1%
5Money Market5.8%
6Non-Rated4.1%
7AA3.9%
8Others0.6%
9A0.5%
Asset type
1Global Fixed Interest57.4%
2UK Corporate Fixed Interest32.6%
3Cash & Cash Equivalents5.8%
4UK Gilts3.6%
5Others0.6%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.013.5%
2TELEFONICA EUROPE BV CALLABLE BOND VARIABLE GBP1.8%
3ENEL SPA 8.75% BDS 24/09/73 USD10001.6%
4FRONTIER COMMUNICATIONS CORP CALLABLE NOTES FIXED1.6%
5FIAT CHRYSLER FINANCE EUROPE MEDIUM TERM NOTE1.5%
6GLASSTANK BV 8.5% NTS 15/05/19 EUR1000144A1.5%
7UNITYMEDIA HESSEN GMBH & CO KG / UNITYMEDIA NRW1.5%
8GREENKO DUTCH BV 8% 01/08/191.4%
9KONINKLIJKE KPN NV CALLABLE MEDIUM TERM NOTE1.4%
Management
Fund manager group
Aviva
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
Fund objective
The Fund aims to create a high level of income and the best possible total returns from investment in a broad range of bonds.
Benchmark
  • ML Euro Fixed and Floating 3% constrained Hedged to GBP
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Chris Higham01/11/2012Chris 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
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Inv High Yield Bond 1 Inc
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price71.86
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDBK0
Aviva Inv High Yield Bond 2 Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.64%
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price108.97
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDBK1
Data provided by

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