Fact sheet: Aviva M&G Strtgc Crp Bd Pn

Fund information
Fund name
Aviva M&G Strategic Corporate Bond Pn S6
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Ben Lordsince 01/01/2007
  • Richard Woolnoughsince 20/02/2004
Underlying fund
M&G Strategic Corp Bd
Fund objective
The Fund aims to maximise total return (the combination of income and growth of capital) through investment predominantly in investment grade corporate bonds, but may invest in other debt instruments, including higher yielding corporate bonds, government debt and convertible preference stocks, as well as money market instruments and equities.
Benchmark
  • IA Sterling Corporate Bond Sector Average
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.5%
1 Year rank in sector
126/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£32m (£34m 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.
28
Bid price
165.25
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn13.4%
MetLife Fid Corp Bd 20yr Pn12.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn11.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn11.3%
FL TEActv Bln Bd IE11.1%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK47.6%
    USA27.2%
    France7.3%
    Money Market3.3%
    Germany3%
  • Mortgage & Secured Bonds17.8%
    Banks15%
    Telecommunications12.5%
    Consumer Goods9.4%
    Utilities7.8%
  • UK Corporate Fixed Interest46.7%
    US Corporate Fixed Interest26.6%
    French Corporate Fixed Interest6.2%
    Money Market3.3%
    German Corporate Fixed Interest3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.9%-3.2%2.9%6.5%18.9%42.6%
Sector-1.4%-5.1%3.2%6.5%18.1%39.4%
Rank within sector50 / 26427 / 264149 / 264126 / 25992 / 23473 / 209
Quartile1st1st3rd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.4%1%10.2%3.5%11.9%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector131 / 25959 / 245139 / 23438 / 225154 / 209
Quartile3rd1st3rd1st3rd
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.
0.77
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.
0.86
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.
0.48
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%.
4.82
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.
1.63
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.
0.91
Price movement
52 week high170.87
52 week low151.83
Current bid price165.25
Current offer price-
Current mid price-
Region
1UK47.56%
2USA27.24%
3France7.27%
4Money Market3.25%
5Germany3.03%
6Italy2.27%
7Spain2.22%
8International1.89%
9Netherlands1.62%
Industry sector
1Mortgage & Secured Bonds17.77%
2Banks15.02%
3Telecommunications12.5%
4Consumer Goods9.4%
5Utilities7.81%
6Insurance6.89%
7Technology5.47%
8Money Market3.92%
9Services3.59%
Asset type
1UK Corporate Fixed Interest46.74%
2US Corporate Fixed Interest26.57%
3French Corporate Fixed Interest6.23%
4Money Market3.25%
5German Corporate Fixed Interest3.03%
6Global Corporate Fixed Interest1.89%
7Spanish Corporate Fixed Interest1.65%
8Dutch Corporate Fixed Interest1.62%
9Italian Corporate Fixed Interest1.25%
Individual holdings
1WELLS FARGO BANK NA 5.25% SUBORD NTS 01/08/23 GBP500001.49%
2LLOYDS BANK PLC 5.125% NTS 07/03/25 GBP1000001.3%
3IMPERIAL BRANDS FINANCE PLC 9% GTD NTS 17/02/22 GBP500001.07%
4EUROPEAN INVESTMENT BANK FRN 21/05/21 GBP10001.01%
5HEATHROW FUNDING LTD 6.75% BDS 03/12/28 GBP500000.93%
6MICROSOFT CORP 4% BDS 12/02/55 USD20000.93%
7VERIZON COMMUNICATIONS INC 5.012% BDS 21/08/54 USD20000.86%
8JPMORGAN CHASE BANK NA 3.5% NTS 18/12/26 GBP10000.83%
9LEGAL & GENERAL GROUP 9.325% SUB NTS 23/07/41 GBP500000.79%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The Fund aims to maximise total return (the combination of income and growth of capital) through investment predominantly in investment grade corporate bonds, but may invest in other debt instruments, including higher yielding corporate bonds, government debt and convertible preference stocks, as well as money market instruments and equities.
Benchmark
  • IA Sterling Corporate Bond Sector Average
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ben Lord01/01/2007Ben Lord joined M&G in 2007 and is the fund manager of the M&G UK Inflation Linked Corporate Bond Fund. Ben has also managed the M&G Global Corporate Bond Fund from launch in September 2013 and was appointed fund manager of the M&G Index Linked Bond Fund in July 2015. Ben previously worked at Gordian Knot as a credit analyst covering global financial institutions. He obtained an MA (Hons) from the University of Edinburgh and is a CFA charterholder.
Richard Woolnough20/02/2004Richard Woolnough joined M&G in January 2004 and is fund manager of the M&G Optimal Income Fund, the M&G Corporate Bond Fund and the M&G Strategic Corporate Bond Fund, three of the company's flagship fixed interest funds. Richard began his career at Lloyds Merchant Bank in 1985, moving to Italian insurer Assicurazioni Generali two years later, followed by SG Warburg. In 1995, he became a fund manager at Old Mutual. Richard graduated from the London School of Economics with a BSc in Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva M&G Strategic Corporate 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 price152.65
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH7U6
Aviva M&G Strategic Corporate Bond Pn S14
Initial charge-
Annual charge0.5%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.65%
Bid price121.18
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS2F
Aviva M&G Strategic Corporate 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 price165.25
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH7U5
Data provided by

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