Fact sheet: Aviva Invtec M High Inc Pn

Fund information
Fund name
Aviva Investec Monthly High Income Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Theodore Stamossince 01/10/2010
  • Kieran Roanesince 01/08/2004
Underlying fund
Investec MonthlyHiInc
Fund objective
The Fund aims to provide investors with a high income, paid monthly, primarily through investment in highly rated and/or high yield bonds from around the world and in derivatives the underlying assets of which are highly rated and/or high yield bonds from around the world.
Benchmark
  • ML European Currency High Yield Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
12.7%
1 Year rank in sector
11/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£1m (£1m 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.
36
Bid price
212.32
Top in this sector
Fund name1 Year
RLP Sterling Extra Yield BdPn17.9%
Zurich Royal Lon Stg ExYldBd Pn17.4%
L&G High Income Pn15.7%
FL AXA Gbl High Inc EP13.9%
L&G Schroder Hi Yield Opps Pn13.8%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA65.4%
    UK9.1%
    Money Market7.8%
    Netherlands4.6%
    Canada3.8%
  • High Yield Bond91.2%
    Money Market7.2%
    Investment Grade Corporate Bonds1%
    Foreign Exchange0.6%
  • US Fixed Interest65.4%
    UK Fixed Interest9.1%
    Money Market7.8%
    Dutch Fixed Interest4.6%
    Canadian Fixed Interest3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%2%6.1%12.7%21.4%48%
Sector1.1%1.9%5.9%11.3%16.1%43.9%
Rank within sector18 / 5717 / 5722 / 5711 / 566 / 4811 / 46
Quartile2nd2nd2nd1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund4.1%14%1.8%3.4%6.1%
Sector3.9%11.2%-0.1%4.4%6.8%
Rank within sector18 / 576 / 5513 / 5325 / 4840 / 48
Quartile2nd1st1st3rd4th
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.
1.7
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.
0.93
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.
0.65
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%.
4.47
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.
1.84
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.
0.72
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.
0.83
Price movement
52 week high212.33
52 week low188.22
Current bid price212.32
Current offer price-
Current mid price-
Region
1USA65.4%
2UK9.1%
3Money Market7.8%
4Netherlands4.6%
5Canada3.8%
6Ireland3%
7Brazil1.8%
8Portugal1.1%
9Greece1%
Industry sector
1High Yield Bond91.2%
2Money Market7.2%
3Investment Grade Corporate Bonds1%
4Foreign Exchange0.6%
Asset type
1US Fixed Interest65.4%
2UK Fixed Interest9.1%
3Money Market7.8%
4Dutch Fixed Interest4.6%
5Canadian Fixed Interest3.8%
6Irish Fixed Interest3%
7Brazilian Fixed Interest1.8%
8Portuguese Fixed Interest1.1%
9Greek Fixed Interest1%
Individual holdings
1TESORO CORP 4.75% BDS 15/12/23 USD20001.7%
2APX GROUP INC 8.75% BDS 01/12/20 USD1000 144A1.6%
3CAESARS ENTERTAINMENT CORP 11% BDS 01/10/21 USD20001.6%
4CCO HLDGS LLC/CAP CORP 5.125% BDS 01/05/23 USD10001.5%
5PETROBRAS GLOBAL FINANCE BV 4.75% BDS 14/01/25 EUR10001.5%
6WMG ACQUISITION CORP 4.125% BDS 01/11/24 EUR100001.4%
7DIEBOLD INC 8.5% BDS 15/04/24 USD2000 REG S1.3%
8HCA INC 5% BDS 15/03/24 USD20001.3%
9MEDNAX INC 5.25% NTS 01/12/23 USD2000 144A1.3%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The Fund aims to provide investors with a high income, paid monthly, primarily through investment in highly rated and/or high yield bonds from around the world and in derivatives the underlying assets of which are highly rated and/or high yield bonds from around the world.
Benchmark
  • ML European Currency High Yield Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
No data available.
Fund managers
NameSinceBiography
Theodore Stamos01/10/2010Theodore is co-head of the credit team at Investec Asset Management, with specific responsibility for investment grade holdings. Prior to joining Investec Asset Management in October 2009, he was a senior credit analyst at Blue Mountain Capital, a specialist credit hedge fund, and was their top ranked analyst in terms of alpha generation in 2008. Prior to joining Blue Mountain in 2006, Theodore worked in debt origination at BNP, having previously worked in corporate finance at NTL, which later became Virgin Media. Theodore graduated with a Bachelor of Fine Arts degree in Music from the University of Kansas and has an MBA from Thunderbird International School of Management. He is also a CFA charterholder.
Kieran Roane01/08/2004Kieran is an investment specialist with a focus on credit within the Multi-Asset team. He is responsible for our developed market credit portfolios. Prior to joining Investec Asset Management, he spent six months working with the credit team as an analyst on secondment from the Financial Services Authority. Previously, Kieran worked for the Financial Services Authority for over two years, starting as a graduate trainee and moving on to analyse financial markets and financial instruments, including credit derivatives. Kieran graduated with an honours degree in Finance from the University of the Witwatersrand. Kieran holds the Investment Management certificate and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Investec Monthly High Income 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)1.11%
Bid price-
Offer price-
Mid price194.26
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEL0
Aviva Investec Monthly High Income 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)1.11%
Bid price212.32
Offer price-
Mid price-
CurrencyGBX
Price updated25/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDDP3
Data provided by

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