Fact sheet: Aviva Inv Perp MIP Pn

Fund information
Fund name
Aviva Invesco Perpetual Monthly Income Plus Pn S14
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Paul Causersince 06/02/1999
  • Paul Readsince 06/02/1999
  • Ciaran Mallonsince 14/10/2013
Underlying fund
Invesco Perp Mthly Inc Plus
Fund objective
To achieve a high level of income together with capital growth over the medium to long term by investing primarily in debt securities and currencies globally. Debt securities include government bonds, as well as securities issued by supranational bodies, local authorities, national public bodies and corporate issuers. The Fund may also hold other asset types. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates and credit and can be used to achieve both long and short positions.
Benchmark
  • IA £ Strategic Bond Median (UK Net)
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5%
1 Year rank in sector
69/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£34m (£37m 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.
34
Bid price
129.16
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn8.8%
Canlife AXA Fram Mgd Inc Pn8.7%
OMW AXA Framlington Mgd Inc8.3%
Aviva Art Strategic Bd Pn8.2%
Aviva Higher Inc Plus Pn8.1%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK54.9%
    USA10%
    Italy7%
    France6.7%
    Others4.9%
  • Banks30.1%
    Government Bonds9.1%
    Utilities7.4%
    Telecommunications5.7%
    Insurance5.5%
  • UK Fixed Interest40.9%
    UK Equities14.3%
    US Fixed Interest9.9%
    Italian Fixed Interest7%
    French Fixed Interest6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.2%-0.4%2.7%5%15%-
Sector-0.7%-1.5%2.7%4.6%12.6%39.4%
Rank within sector51 / 17245 / 17279 / 17269 / 16851 / 155-
Quartile2nd2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund5.2%1.8%5.8%11.6%-
Sector5.4%0.7%5.6%5.9%15.8%
Rank within sector87 / 16859 / 16365 / 15514 / 151-
Quartile3rd2nd2nd1st
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.
0.17
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.
0.28
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%.
3.97
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.
1.76
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.
0.34
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.
0.81
Price movement
52 week high130.8
52 week low116.7
Current bid price129.16
Current offer price-
Current mid price-
Region
1UK54.85%
2USA10.02%
3Italy6.99%
4France6.66%
5Others4.85%
6Spain3.79%
7Germany3.06%
8Netherlands3%
9Greece2.34%
Industry sector
1Banks30.1%
2Government Bonds9.14%
3Utilities7.38%
4Telecommunications5.71%
5Insurance5.46%
6Financials4.75%
7Foods4.05%
8Media3.77%
9Industrials3.54%
Asset type
1UK Fixed Interest40.9%
2UK Equities14.33%
3US Fixed Interest9.94%
4Italian Fixed Interest6.99%
5French Fixed Interest6.66%
6Global Fixed Interest3.94%
7Spanish Fixed Interest3.11%
8German Fixed Interest3.06%
9Dutch Fixed Interest3%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.013.21%
2LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000001.76%
3UNITED STATES OF AMER TREAS NOTES 0.635% NTS 31/12/16 USD10001.43%
4BARCLAYS BANK PLC 14% STEP-UP CALL PERP RCI GBP500001.37%
5UNITED STATES OF AMER TREAS NOTES 2.25% BDS 15/11/25 USD1001.24%
6UNITED STATES OF AMER TREAS BONDS 2% BDS 15/08/25 USD1001.21%
7HBOS CAPITAL FUNDING 6.461% BDS 12/12/2049 GBP10001.13%
8ENTERPRISE INNS 6.5% SNR UNSUB NTS 6/12/18 GBP REG `S`1.1%
9NATIONWIDE BUILDING SOCIETY1.09%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To achieve a high level of income together with capital growth over the medium to long term by investing primarily in debt securities and currencies globally. Debt securities include government bonds, as well as securities issued by supranational bodies, local authorities, national public bodies and corporate issuers. The Fund may also hold other asset types. Financial derivative instruments can be used for investment purposes and for efficient portfolio management. They may include derivatives on currencies, interest rates and credit and can be used to achieve both long and short positions.
Benchmark
  • IA £ Strategic Bond Median (UK Net)
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Causer06/02/1999Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Paul Read06/02/1999Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Ciaran Mallon14/10/2013Ciaran has worked in equity markets since 1994. After completing his Chemistry degree at Oxford University he joined HSBC Private Clients where he worked as an Investment Analyst. He joined United Friendly Asset Management (UFAM) in 1999 where he worked as a Fund Manager. UFAM was acquired by Royal London Asset Management (RLAM) in 2000. Ciaran left RLAM in 2004 and joined Invesco Perpetual in January 2005.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Invesco Perpetual Monthly 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 price185.3
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA8Y2
Aviva Invesco Perpetual Monthly Income Plus Pn S14
Initial charge-
Annual charge0.63%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.83%
Bid price129.16
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS1H
Aviva Invesco Perpetual Monthly 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 price205.43
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeA8Y1
Data provided by

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