Fact sheet: Aviva JPM Gbl HighYldBd Pn

Fund information
Fund name
Aviva JPM Global High Yield Bond Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Thomas Hausersince 30/06/2005
  • Robert Cooksince 30/06/2005
Underlying fund
JPM Global High Yield Bond
Fund objective
To achieve a return in excess of global bond markets by investing primarily in below investment grade global fixed and floating rate debt securities, using derivative strategies where appropriate.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
No data available.
Quick stats
1 Year return
10.5%
1 Year rank in sector
3/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£4m (£4m 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.
52
Bid price
187.01
Top in this sector
Fund name1 Year
L&G High Income Pn11.1%
Aviva Invtec M High Inc Pn10.6%
Aviva JPM Gbl HighYldBd Pn10.5%
SIP JPM Gbl Hi Yd Bd Pn10.1%
LV= Investec Monthly Hi Inc Pn9.9%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • USA84.9%
    Money Market3.5%
    Luxembourg3%
    Netherlands1.9%
    Canada1.8%
  • Communications26.1%
    Non-Cyclical Consumer Goods17.1%
    Cyclical Consumer Goods15.2%
    Technology11.2%
    Energy9.5%
  • US Fixed Interest84.9%
    Money Market3.5%
    Luxembourg Fixed Interest3%
    Dutch Fixed Interest1.9%
    Canadian Fixed Interest1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-0.3%5%10.5%12.1%45.2%
Sector-0.7%-0.7%4.6%7.4%14.6%48.8%
Rank within sector42 / 5729 / 5715 / 573 / 5628 / 4927 / 46
Quartile3rd3rd2nd1st3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund13.3%-4.2%3.1%7.8%15.7%
Sector9.2%-0.1%4.4%6.8%19.3%
Rank within sector2 / 5649 / 5427 / 4926 / 4941 / 46
Quartile1st4th3rd3rd4th
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.
-2.03
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.
1.33
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.
0.17
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%.
6.07
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.
2.6
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.
-0.18
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 high190.96
52 week low156.03
Current bid price187.01
Current offer price-
Current mid price-
Region
1USA84.92%
2Money Market3.5%
3Luxembourg2.99%
4Netherlands1.93%
5Canada1.83%
6UK1.06%
7France0.77%
8Germany0.77%
9New Zealand0.58%
Industry sector
1Communications26.1%
2Non-Cyclical Consumer Goods17.1%
3Cyclical Consumer Goods15.2%
4Technology11.2%
5Energy9.5%
6Capital Goods7%
7Basic Industries5.8%
8Financials2.4%
9Transport2.2%
Asset type
1US Fixed Interest84.92%
2Money Market3.5%
3Luxembourg Fixed Interest2.99%
4Dutch Fixed Interest1.93%
5Canadian Fixed Interest1.83%
6UK Fixed Interest1.06%
7French Fixed Interest0.77%
8German Fixed Interest0.77%
9New Zealand Fixed Interest0.58%
Individual holdings
1SOFTBANK 7.88% 15/09/231.6%
2FIRST DATA 5.75% 15/01/241.3%
3HCA INC 7.5% BDS 15/02/22 USD20001.3%
4CAESARS ENTERTAINMENT OPERATING CO 9% BDS 15/02/20 USD20001.1%
5MGM RESORTS INTL 7.75% BDS 15/03/22 USD10001.1%
6SOFTBANK (UNITED STATES) 8.750% 15/03/321%
7TENET HEALTHCARE CORP 8.125% BDS 01/04/22 USD2000 144A1%
8CHARTER COMMUNICATIONS 5.88% 01/04/240.9%
9IHEARTMEDIA (UNITED STATES) 6.5% 15/11/220.9%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To achieve a return in excess of global bond markets by investing primarily in below investment grade global fixed and floating rate debt securities, using derivative strategies where appropriate.
Benchmark
  • BofA Merrill Lynch US High Yield Master II Constrained Index Hedged to GBP
Investment style
High Yield
Investment method
No data available.
Fund managers
NameSinceBiography
Thomas Hauser30/06/2005Present: Vice President, the co-lead portfolio manager within the High Yield Fixed Income Team, responsible for overseeing high yield total return strategies, sub-advising mutual fund assets and absolute return credit products. 2004: Joined the firm. 2001: Worked for 40|86 Advisors, most recently serving as a co-portfolio manager on three mutual funds and as the co-head of the Collateralized Bond Obligation Group. 1993: Worked at Van Kampen Investments, co-managing several high yield mutual funds and leading the high yield trading desk. Education / Qualification: BS (Finance) - Miami (Ohio) University Chartered Financial Analyst (CFA) Member of the Indianapolis Society of Financial Analysts
Robert Cook30/06/2005Robert L. Cook is a Managing Director of J.P. Morgan Investment Management Inc., head of its Fixed Income High Yield Team, and lead portfolio manager for its high yield total return, sub-advised mutual fund assets, and absolute return credit products. In addition, he serves on the Global Macro Team which determines the firm's fixed income views of the global economic landscape and portfolio positioning. Prior to joining JPMIM in 2004, Mr. Cook was co-head of the fixed income investment process at 40|86 Advisors, where he was responsible for managing high yield total return assets and was the director of credit research. Prior to joining 40|86 Advisors in 1994, he worked at PNC Bank's investment banking division in Pittsburgh, Pennsylvania, where he was involved with syndicated loans, mergers and acquisitions, private placements and structured products. Mr. Cook holds a B.S. in finance from Indiana University. He is a CFA charter holder and a member of the Indianapolis Society of Financial Analysts.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva JPM Global High Yield Bond 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 price171.07
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEN8
Aviva JPM Global High Yield Bond 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 price187.01
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBEN7
Data provided by

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