Fact sheet: Aviva Inv Strategic Bond

Fund information
Fund name
Aviva Inv Strategic Bond 2 Inc
Fund manager company
Aviva Investors UK Fd Serv Ltd
Fund type
OEIC
Fund managers
  • James Vokinssince 28/06/2016
  • Chris Highamsince 21/09/2008
Fund objective
The Fund aims to provide a high return which is likely to be a combination of capital growth and income.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Quick stats
1 Year return
4.5%
1 Year rank in sector
42/77
Sector
UT Sterling Strategic Bond
Yield
3.4%
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.
0.63%
Fund size
£480m (£351m 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
109.06
Top in this sector
Fund name1 Year
Fidelity I Stg Cr + Bd11.8%
Natixis LS Stgc Inc11%
Fidelity UK Inv Grd Lg Cr10.6%
Fidelity Pre-Retirmnt Bd9.8%
NFU Mutual Gilt & Corporate Bond8.9%
...more in UT Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • UK45.1%
    Europe23.7%
    North America21.1%
    Money Market6.3%
    Central & S America1.3%
  • BBB33.3%
    BB17.4%
    AA12.7%
    AAA12.7%
    B6.5%
  • Global Fixed Interest47.8%
    UK Corporate Fixed Interest32.7%
    UK Gilts12.4%
    Cash & Cash Equivalents6.3%
    Others0.8%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%-1.9%2.4%4.5%13.8%44%
Sector-1.2%-3.1%2.3%4.9%12.6%32.2%
Rank within sector22 / 8330 / 8240 / 8242 / 7731 / 7110 / 60
Quartile2nd2nd2nd3rd2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund5.2%1.4%6.5%6.1%17.7%
Sector5.7%-0.3%6.8%2.6%12.6%
Rank within sector43 / 7713 / 7436 / 7214 / 6415 / 61
Quartile3rd1st2nd1st1st
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.
0.49
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
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.
0.25
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%.
3.6
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.
1.27
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.
0.37
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.
0.87
Price movement
52 week high112.16
52 week low103.21
Current bid price-
Current offer price-
Current mid price109.06
Region
1UK45.1%
2Europe23.7%
3North America21.1%
4Money Market6.3%
5Central & S America1.3%
6Australasia0.9%
7Others0.8%
8Asia0.6%
9Middle East/ Africa0.2%
Industry sector
1BBB33.3%
2BB17.4%
3AA12.7%
4AAA12.7%
5B6.5%
6Money Market6.3%
7CCC+5.8%
8Non-Rated2.4%
9A2.1%
Asset type
1Global Fixed Interest47.8%
2UK Corporate Fixed Interest32.7%
3UK Gilts12.4%
4Cash & Cash Equivalents6.3%
5Others0.8%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.014.7%
2UNITED STATES OF AMERICA NOTES FIXED .375%3.7%
3UNITED STATES OF AMERICA NOTES FIXED .625%3.7%
4UNITED STATES OF AMERICA NOTES FIXED .75%3.4%
5TREASURY 5% GILT 07/03/18 GBP3.2%
6TREASURY 3.75% GILT 07/09/21 GBP2.7%
7ENEL SPA 8.75% BDS 24/09/73 USD10002%
8UNITED STATES OF AMER TREAS BONDS 1% BDS 15/02/46 USD1001.9%
9VIRGIN MEDIA SECURED FINANCE PLC CALLABLE NOTES1.9%
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 high return which is likely to be a combination of capital growth and income.
Benchmark
  • No Specified Index
Investment style
Strategic Investment
Investment method
Fixed Interest
Fund managers
NameSinceBiography
James Vokins28/06/2016James 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
Chris Higham21/09/2008Chris 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 Strategic Bond 1 Inc
Initial charge4%
Annual charge1%
Min single investment£1,000
Min regular saving£250
Available in ISAYes
Ongoing charge (OCF)1.13%
Total expense ratio (TER)1.13%
Bid price-
Offer price-
Mid price72.39
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeDBJ6
Aviva Inv Strategic Bond 2 Inc
Initial charge-
Annual charge0.5%
Min single investment£500,000
Min regular saving£25,000
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)0.73%
Bid price-
Offer price-
Mid price109.06
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeDBJ7
Aviva Inv Strategic Bond 5
Initial charge-
Annual charge0.45%
Min single investment£100,000,000
Min regular saving£1,000,000
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price99.45
CurrencyGBX
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNG0T
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.