Fact sheet: Aviva Investors Sht Tm Eurpn Bd

Fund information
Fund name
Aviva Investors Short Term European Bond Ba
Fund manager company
Aviva Investors Luxembourg SA
Fund type
Offshore Fund
Fund managers
  • Denis Lehmansince 01/04/2010
Fund objective
The objective of the Fund is to earn income and increase the value of the Shareholder's investment over time.
Benchmark
  • Barclays Capital Euro 1-3 Year Treasury Bond Index
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-0.5%
1 Year rank in sector
29/29
Sector
FO Fixed Int - EUR Short/ Medium Maturity
Yield
-
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.
1.28%
Fund size
£22m (£33m 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.
61
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Performance snapshot

Holdings snapshot

  • Italy34.7%
    Spain34.7%
    Others9.1%
    Portugal5.8%
    France4.6%
  • Government Bonds84%
    Others9.1%
    Government Guaranteed4.5%
    Corporate Bonds2.4%
  • Italian Fixed Interest34.7%
    Spanish Fixed Interest34.7%
    Global Fixed Interest9.1%
    Portuguese Fixed Interest5.8%
    French Fixed Interest4.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.1%-0%-0.3%-0.5%0.5%4%
Sector-0.1%0.5%0.9%1.5%5.8%12.1%
Rank within sector12 / 3029 / 3030 / 3029 / 2926 / 2717 / 21
Quartile2nd4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.5%-0.2%0.8%1%2.4%
Sector1.4%0.2%3.4%1%5.3%
Rank within sector30 / 3021 / 2927 / 2816 / 2420 / 22
Quartile4th3rd4th3rd4th
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.
-0.67
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.
0.47
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
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%.
0.63
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.
0.68
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.
-2.48
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.
0.53
Price movement
52 week high8.94
52 week low8.75
Current bid price-
Current offer price-
Current mid price8.76
Region
1Italy34.72%
2Spain34.71%
3Others9.09%
4Portugal5.76%
5France4.58%
6Belgium4.41%
7Ireland4.34%
8Switzerland1.41%
9Netherlands0.98%
Industry sector
1Government Bonds84.03%
2Others9.08%
3Government Guaranteed4.5%
4Corporate Bonds2.39%
Asset type
1Italian Fixed Interest34.72%
2Spanish Fixed Interest34.71%
3Global Fixed Interest9.09%
4Portuguese Fixed Interest5.76%
5French Fixed Interest4.58%
6Belgian Fixed Interest4.41%
7Irish Fixed Interest4.34%
8Swiss Fixed Interest1.41%
9Dutch Fixed Interest0.98%
Individual holdings
1SPAIN(KINGDOM OF) 4.1% BDS 30/07/18 EUR100010.59%
2SPAIN(KINGDOM OF) 4.5% BDS 31/01/18 EUR10006.32%
3ITALY(REPUBLIC OF) 4.5% TB 01/08/18 EUR10006.22%
4PORTUGUESE OT`S 4.35% BDS 16/10/17 EUR10005.8%
5PORTUGAL(REPUBLIC OF) 4.45% BDS 15/06/18 EUR0.015.76%
6ITALY(REPUBLIC OF) 3.5% BDS 01/06/18 USD10005.72%
7ITALY(REPUBLIC OF) 4.5% TB 01/02/18 EUR10005.71%
8SPAIN(KINGDOM OF) 0.25% TB 30/04/18 EUR10005.39%
9ITALY 0.25 15/05/20185.38%
Management
Fund manager group
Aviva
Fund manager company
Aviva Investors Luxembourg SA
Fund type
Offshore Fund
Fund objective
The objective of the Fund is to earn income and increase the value of the Shareholder's investment over time.
Benchmark
  • Barclays Capital Euro 1-3 Year Treasury Bond Index
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Denis Lehman01/04/2010Denis Lehman joined the investment industry in 1995 and Aviva Investors in March 2003. Before joining Aviva Investors, Denis worked at Fimagest (which became Fortis Investment Management) as a bond fund manager. He holds a Masters in Computer Science, University of Toulouse.
Compliance
Transparent for Austrian Tax, Transparent for German Tax, Distributor Status, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Switzerland, Germany, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Latvia, Netherlands, Norway, Offshore, Sweden
Aviva Investors Short Term European Bond A
Initial charge5%
Annual charge0.7%
Min single investment£2,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)0.99%
Bid price-
Offer price-
Mid price11.5903
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN978
Aviva Investors Short Term European Bond B
Initial charge5%
Annual charge0.7%
Min single investment£2,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)1.27%
Total expense ratio (TER)1.2%
Bid price-
Offer price-
Mid price14.376
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCU87
Aviva Investors Short Term European Bond Ba
Initial charge5%
Annual charge0.7%
Min single investment£2,000
Min regular saving£2,000
Available in ISANo
Ongoing charge (OCF)1.28%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.7552
CurrencyEUR
Price updated22/09/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKO59
Data provided by

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