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
11%
1 Year rank in sector
91/261
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£10m (£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.
32
Bid price
130.82
Top in this sector
Fund name1 Year
L&G PMC AAAAAA CpBd Ov15Y Id Pn19.2%
OMW IPL L&G AAA CrpBdOv15YIx Pn18.2%
BlackRock DC AqOv 15 YCrp BdIx HP18.1%
Zurich M&G All StCor Bd16.9%
FL M&G All Stocks Corp Bd Pn16.5%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK58.9%
    USA12.3%
    Netherlands6.4%
    Jersey4.2%
    Cayman Islands4.2%
  • BBB56.5%
    A17.8%
    BB10.8%
    AA5.4%
    AAA3.7%
  • UK Fixed Interest60.4%
    US Fixed Interest12.3%
    Dutch Fixed Interest6.4%
    American Emerging Fixed Interest4.2%
    French Fixed Interest3.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%3.5%-0.6%11%22.5%-
Sector1.6%2.9%-2.3%10.5%19.9%36.7%
Rank within sector40 / 26258 / 26433 / 26591 / 26166 / 235-
Quartile1st1st1st2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.4%9.2%1.8%11.3%3.1%
Sector0.9%9.4%0.2%10.5%1%
Rank within sector38 / 265136 / 26018 / 24684 / 23545 / 226
Quartile1st3rd1st2nd1st
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.
1.49
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.
0.88
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%.
4.86
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.
1.47
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.
0.54
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 low117.62
Current bid price130.82
Current offer price-
Current mid price-
Region
1UK58.86%
2USA12.33%
3Netherlands6.41%
4Jersey4.22%
5Cayman Islands4.22%
6France3.19%
7Money Market2.51%
8International2.29%
9Australia1.77%
Industry sector
1BBB56.5%
2A17.8%
3BB10.8%
4AA5.4%
5AAA3.7%
6Non-Rated2.8%
7Money Market2.5%
8B0.5%
Asset type
1UK Fixed Interest60.41%
2US Fixed Interest12.33%
3Dutch Fixed Interest6.41%
4American Emerging Fixed Interest4.22%
5French Fixed Interest3.19%
6Money Market2.51%
7Supranational Fixed Interest2.29%
8Australian Fixed Interest1.77%
9Irish Fixed Interest1.41%
Individual holdings
1LCR FINANCE 4.5% GTD BDS 2028 GBP1000 REG`S`(REGD)1.75%
2COOPERATIEVE RABOBANK UA 6.567% SUBORD NTS PERP GBP500001.61%
3EUROPEAN INVESTMENT BANK 6% BDS 7/12/2028 GBP10001.54%
4SMFG PREFERRED CAPITAL LTD 10.231% NTS PERP GBP1000 `REGS`1.41%
5AVIVA 6.125% PERP SUB NTS GBP(VAR)1.35%
6BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S1.34%
7HSBC CAP FUNDING(STERLING 1)LP 5.844% EUR MED TRM NTS PERP GBP10001.33%
8SEVERN TRENT WATER UTILITIES FIN 2.75% GTD NTS 05/12/31 GBP1000001.18%
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 McNeil is an investment manager in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds as well as several institutional portfolios. Euan joined us in 2003 from Britannic Asset Management, where he worked in the corporate bond team. Prior to that, he was an international equities manager at Blairlogie Capital Management. Euan studied International Business and French at the University of Strathclyde and has an MSc in Investment Analysis from the University of Stirling.
Stephen Snowden31/08/2011Stephen Snowden is Head of Credit in the Fixed Income team. He specialises in investment grade credit and co-manages two investment grade bond funds and an absolute return bond fund. He rejoined Kames Capital in July 2011 from Old Mutual Asset Management where he managed the Corporate Bond Fund. Stephen started his career with us in 1994, initially focusing on equities before moving to the fixed income team to manage corporate bond funds. He has a first class honours degree BSc Finance and an MSc Finance from Queens University Belfast, and is also an associate member of the CFA Society of the UK.
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 price201.28
CurrencyGBX
Price updated24/02/2017
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 price130.82
Offer price-
Mid price-
CurrencyGBX
Price updated24/02/2017
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 price223.28
Offer price-
Mid price-
CurrencyGBX
Price updated24/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDDR0
Data provided by

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