Fact sheet: Aviva Kames Invt Grd Bd Pn

Fund information
Fund name
Aviva Kames Investment Grade Bond Pn S14
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Euan McNeilsince 01/11/2009
  • Stephen Snowdensince 31/08/2011
Underlying fund
Kames Investment Grade Bond
Fund objective
To maximise total return (income plus capital) by investing primarily in investment grade and government bonds denominated in sterling and other currencies. The Fund may hold a maximum of 20% in high yield bonds and may also hold cash. A minimum of 80% of the Fund will be hedged back to Sterling. The Fund may also invest in deposits, money market instruments and forward transactions.
Benchmark
  • IA £ Corporate Bond Sector Median
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.5%
1 Year rank in sector
145/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£9m (£7m 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.
31
Bid price
127.3
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn14.3%
FL TEActv Bln Bd IE12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
AEGON Long Core Plus Pn11.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK61.6%
    USA12.8%
    Netherlands4.9%
    Money Market4.4%
    Jersey4.2%
  • Financials37.8%
    Others37.1%
    Mortgage & Secured Bonds14.2%
    Money Market3.9%
    Government Bonds2.9%
  • UK Fixed Interest61%
    US Fixed Interest12.8%
    Dutch Fixed Interest4.9%
    Money Market4.4%
    American Emerging Fixed Interest3.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-3.9%2.6%6.5%22%-
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector65 / 26581 / 265122 / 265145 / 26057 / 235-
Quartile1st2nd2nd3rd1st
Calendar performance
 YTD - 20162015201420132012
Fund7.7%1.8%11.3%3.1%-
Sector7.7%0.2%10.5%1%13.5%
Rank within sector128 / 26018 / 24684 / 23545 / 226-
Quartile2nd1st2nd1st
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.
1.38
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.
0.89
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.
0.62
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%.
4.92
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.
1.44
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.
0.52
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.
0.93
Price movement
52 week high132.63
52 week low117.26
Current bid price127.3
Current offer price-
Current mid price-
Region
1UK61.61%
2USA12.82%
3Netherlands4.92%
4Money Market4.44%
5Jersey4.19%
6Cayman Islands3.35%
7France2.74%
8International2.3%
9Australia1.72%
Industry sector
1Financials37.8%
2Others37.1%
3Mortgage & Secured Bonds14.2%
4Money Market3.9%
5Government Bonds2.9%
6Fixed Interest2.3%
7Asset/Mortgage-Backed Securities1.4%
8Government Agency Bonds0.4%
Asset type
1UK Fixed Interest60.97%
2US Fixed Interest12.82%
3Dutch Fixed Interest4.92%
4Money Market4.44%
5American Emerging Fixed Interest3.35%
6French Fixed Interest2.74%
7Supranational Fixed Interest2.3%
8Australian Fixed Interest1.72%
9Belgian Fixed Interest1.4%
Individual holdings
1LCR FINANCE 4.5% GTD BDS 2028 GBP1000 REG`S`(REGD)1.76%
2EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP10001.58%
3COOPERATIEVE RABOBANK UA 6.567% SUBORD NTS PERP GBP500001.42%
4HSBC CAP FUNDING(STERLING 1)LP 5.844% EUR MED TRM NTS PERP GBP10001.35%
5BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S1.33%
6AVIVA 6.125% PERP SUB NTS GBP(VAR)1.29%
7STANDARD LIFE PLC 6.75% PERP RESET SUB GTD BDS GBP(VAR)1.24%
8TIME WARNER CABLE INC 5.75% NTS 02/06/31 GBP10001.14%
9BANK OF SCOTLAND PLC 7.754% PERP BDS 31/5/2021 GBP10001.13%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To maximise total return (income plus capital) by investing primarily in investment grade and government bonds denominated in sterling and other currencies. The Fund may hold a maximum of 20% in high yield bonds and may also hold cash. A minimum of 80% of the Fund will be hedged back to Sterling. The Fund may also invest in deposits, money market instruments and forward transactions.
Benchmark
  • IA £ Corporate Bond Sector Median
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Euan McNeil01/11/2009Euan is an investment manager in the fixed income team. He joined us in 2003 from Britannic Asset Management where he worked in the corporate bond team. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis.
Stephen Snowden31/08/2011Stephen is an investment manager in the fixed income team. He rejoined us in 2011 from Old Mutual Asset Managers where he was a fund manager. Stephen studied Finance at Queen’s University, Belfast.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Kames Investment Grade 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 price196.05
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDEN7
Aviva Kames Investment Grade Bond Pn S14
Initial charge-
Annual charge0.75%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.85%
Bid price127.3
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS1X
Aviva Kames Investment Grade 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 price216.92
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDDR0
Data provided by

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