Fact sheet: Aviva Inv Ml Strat Tgt Rtn

Fund information
Fund name
Aviva Inv Multi Strategy Target Return 2
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
Fund managers
  • Ian Pizersince 01/12/2014
  • Peter Fitzgeraldsince 30/06/2014
  • Dan Jamessince 30/06/2014
Fund objective
The Fund aims to provide a positive return under all market conditions, by targeting an average annual return of 5% above that of the Bank of England base rate, before the deduction of charges, over a rolling three year period. The Fund aims to achieve this with less than half the volatility of global equities, over the same rolling three year period. However, these aims should not be taken as a guarantee. It may not be possible to provide a positive return or to achieve the target level of volatility over rolling three year periods or over any period of investment. Therefore investors’ capital is at risk.
Benchmark
  • Bank of England base rate + 5%
Investment style
Absolute Return,Flexible
Investment method
None
Quick stats
1 Year return
-0.4%
1 Year rank in sector
45/72
Sector
UT Targeted Absolute Return
Yield
0.5%
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
£3,109m (£991m 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.
24
Mid price
108.81
Top in this sector
Fund name1 Year
Majedie Tortoise23.6%
Jupiter Absolute Return10.6%
CF Ruffer Absolute Return8.9%
Newton Mgd Tgtd Rtn8.7%
7IM Unconstrained8.1%
...more in UT Targeted Absolute Return

Performance snapshot

Holdings snapshot

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%0.2%1.3%-0.4%--
Sector-0.6%-0.4%0.8%0%5.5%14.9%
Rank within sector12 / 7432 / 7437 / 7245 / 72--
Quartile1st2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%4.5%---
Sector-0.1%2.2%2.5%6.5%3.3%
Rank within sector45 / 7216 / 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 high110.49
52 week low106.69
Current bid price-
Current offer price-
Current mid price108.81
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 provide a positive return under all market conditions, by targeting an average annual return of 5% above that of the Bank of England base rate, before the deduction of charges, over a rolling three year period. The Fund aims to achieve this with less than half the volatility of global equities, over the same rolling three year period. However, these aims should not be taken as a guarantee. It may not be possible to provide a positive return or to achieve the target level of volatility over rolling three year periods or over any period of investment. Therefore investors’ capital is at risk.
Benchmark
  • Bank of England base rate + 5%
Investment style
Absolute Return,Flexible
Investment method
None
Fund managers
NameSinceBiography
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.
Peter Fitzgerald30/06/2014Main 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.
Dan James30/06/2014Main responsibilities Dan is responsible for management and oversight of the Global Fixed Income team in London, Paris, Warsaw, Chicago, Toronto and Singapore including performance, process and people. He also co-manages our AIMS Target Return Strategy and will co-manage the upcoming Fixed Income absolute return proposition. Experience and qualifications Prior to assuming his current role, Dan was our Global Head of Rates and Multi-Strategy Fixed Income, responsible for our global rates businesses encompassing both developed and emerging market debt capabilities. In addition, he was responsible for our global liquidity and our multi strategy fixed income capability covering our global unconstrained bond and absolute return bond solutions. Before joining Aviva Investors in 2011, Dan was Chief Investment Officer at Fischer Francis Trees & Watts where he was responsible for fixed income, absolute return and global aggregate products. Previously, he held positions at ABN AMRO Asset Management and Mercury Asset Management.
Compliance
IA Recognised, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg
Aviva Inv Multi Strategy Target Return 2
Initial charge-
Annual charge0.75%
Min single investment£500,000
Min regular saving£25,000
Available in ISAYes
Ongoing charge (OCF)0.85%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price108.81
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFL3U
Aviva Inv Multi Strategy Target Return 3
Initial charge-
Annual charge0.1%
Min single investment£10,000,000
Min regular saving£500,000
Available in ISANo
Ongoing charge (OCF)0.14%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price110.23
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFL3V
Aviva Inv Multi Strategy Target Return 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 price108.83
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKM7J
Aviva Inv Multi Strategy Target Return 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 price108.27
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKM7I
Aviva Inv Multi Strategy Target Return 8
Initial charge-
Annual charge0.56%
Min single investment£5,000,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price109.82
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMSGN
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