Fact sheet: Aviva Inv Ml Strat Tgt Inc

Fund information
Fund name
Aviva Inv Multi Strategy Target Income 2
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
Fund managers
  • Brendan Walshsince 01/12/2014
  • Ian Pizersince 01/12/2014
  • Nicholas Samouilhansince 01/12/2014
  • Peter Fitzgeraldsince 01/12/2014
Fund objective
The Fund aims to deliver an annual income yield of 4% above the Bank of England Base Rate before tax payable by the Fund* regardless of the prevailing market environment. In addition the Fund aims to preserve capital, and to manage volatility to a target of less than half that of global equities over rolling three year periods.
Benchmark
  • Bank of England Base Rate
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
-0.6%
1 Year rank in sector
43/72
Sector
UT Targeted Absolute Return
Yield
4.8%
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.
0.85%
Fund size
£1,732m (£338m 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.
21
Mid price
97.68
Top in this sector
Fund name1 Year
Majedie Tortoise22%
Jupiter Absolute Return11.5%
Threadneedle Tgt Rtn10.1%
CF Ruffer Absolute Return8.9%
IFSL Brooks Macdonald DC7.3%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.1%-1.2%0%-0.6%--
Sector-0.9%-0.4%0.7%-0.3%5.3%14.8%
Rank within sector20 / 7354 / 7453 / 7243 / 72--
Quartile2nd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.6%6.4%---
Sector-0.2%2.2%2.5%6.5%3.3%
Rank within sector45 / 7214 / 67---
Quartile3rd1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high103.13
52 week low97.44
Current bid price-
Current offer price-
Current mid price97.68
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Aviva
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
Fund objective
The Fund aims to deliver an annual income yield of 4% above the Bank of England Base Rate before tax payable by the Fund* regardless of the prevailing market environment. In addition the Fund aims to preserve capital, and to manage volatility to a target of less than half that of global equities over rolling three year periods.
Benchmark
  • Bank of England Base Rate
Investment style
Absolute Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
Brendan Walsh01/12/2014Main responsibilities Brendan manages the AIMS Target Return and Target Income Strategies. Experience and qualifications Previously, Brendan managed the cyclical asset allocation overlay on the Aviva with profits funds. Prior to joining Aviva Investors, he worked at Standard Life Investments as one of the original members of the Multi-asset team which launched the GARS product under Euan Munro. He has a doctorate in Seismic Exploration and a degree in Geophysics from the University of Edinburgh. In addition, he is an accredited Professional Risk Manager.
Ian Pizer01/12/2014Main responsibilities Ian is Head of Investment Strategy and is responsible for formulating our ‘House View’ and the risks to that view. He joined Aviva Investors in 2014 as a senior portfolio manager within the Multi-asset team, focusing on the AIMS range. Experience and qualifications Prior to joining us, Ian spent over 10 years at Standard Life Investments, where he was Investment Director, Multi-Asset Investing and managed the Global Absolute Return Strategies (GARS) and the Absolute Return Bond Strategy. Ian has a PhD in Mathematical Logic from Bristol University and is also a CFA charterholder.
Nicholas Samouilhan01/12/2014Main responsibilities Nick manages our risk-targeted multi-asset and AIMS funds. Experience and qualifications Nick began his career at Investec Asset Management. Previously, he lectured in economics and finance and authored papers on volatility modelling, macroeconomic forecasting and portfolio diversification. Nick has a doctorate from the University of Cape Town focusing on applying ARCH process models to estimating time-varying risk premia in financial markets. In addition he holds the Financial Risk Management designation and is also a CFA® charterholder.
Peter Fitzgerald01/12/2014Main responsibilities Peter manages our suite of outcome-focused multi-strategy capabilities targeting specific client outcomes such as achieving reliable capital growth and securing a steady stream of income. He also leads our global multi-asset investment team and is responsible for the strategic direction of our global multi-asset and multi-strategy offering. Experience and qualifications Peter began his career at Old Mutual in 1995 before joining BNP Wealth Management’s multi-asset team. He has extensive international experience having worked in Asia, Latin America and Europe. He joined us in 2011. Peter holds a postgraduate diploma in Education from Trinity College Dublin and a degree in European studies from the University of Cork. He is a CFA Charterholder.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Inv Multi Strategy Target Income 2
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.68
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU3A
Aviva Inv Multi Strategy Target Income 3
Initial charge-
Annual charge0.1%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.16%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.46
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU3B
Aviva Inv Multi Strategy Target Income 5
Initial charge-
Annual charge0.7%
Min single investment£100,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)0.8%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.76
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeKU3C
Aviva Inv Multi Strategy Target Income 6
Initial charge5%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISANo
Ongoing charge (OCF)1.1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price97.28
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKU3D
Aviva Inv Multi Strategy Target Income 8
Initial charge-
Annual charge0.56%
Min single investment£5,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price98.35
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeMSGM
Data provided by

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