Fact sheet: Aviva MM 20-60% Pn

Fund information
Fund name
Aviva Multi-Manager 20-60% Pn S6 Acc
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Gavin Counsellsince 04/06/2013
  • Peter Fitzgeraldsince 31/07/2011
No data available.
Fund objective
The fund aims to provide long-term capital growth together with income by investing in other eligible Collective Investment Schemes (the target funds). Although the target funds may invest in equities, bonds, property securities or money market instruments, it is anticipated that up to 60% of the fund will be invested in target funds whose objectives are equity investment.
Benchmark
  • Mixed Investment 20 -60% Shares
Investment style
Cautious
Investment method
No data available.
Quick stats
1 Year return
9.7%
1 Year rank in sector
138/462
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£46m (£41m 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.
50
Bid price
204.48
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn27.1%
AXA Wealth TEAMS cl Gvn ptfl VPn19.3%
AXA Wealth TEAMS cl Gvn ptfl IVPn18.4%
FL Investec Caut Mgd Pn16.6%
AXA Wealth TEAMS cl Gvn ptfl IIIPn16.3%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • North America32.9%
    Not Specified25.1%
    Money Market12.6%
    Europe ex UK11.8%
    UK4.3%
  • Fixed Interest21.8%
    Alternative Investment Strategies19.9%
    Others15.9%
    Cash & Cash Equivalents12.6%
    Financials7.2%
  • International Equities37.5%
    Global Fixed Interest20.6%
    Alternative Investment Strategies19.9%
    Cash & Cash Equivalents12.6%
    Property3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%0.7%8.4%9.7%23.3%54.1%
Sector-1.9%-1.6%6.6%8.2%17.2%39.9%
Rank within sector312 / 52975 / 529120 / 517138 / 46231 / 39741 / 339
Quartile3rd1st1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund9.9%3.7%7.4%12%11.6%
Sector8.9%1.3%6%8.3%9.4%
Rank within sector150 / 46349 / 42577 / 39995 / 38196 / 339
Quartile2nd1st1st1st2nd
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.
1.93
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.
1.03
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.
0.74
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%.
6.02
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.
2.78
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.
0.74
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.
0.79
Price movement
52 week high210.08
52 week low175.25
Current bid price204.48
Current offer price-
Current mid price-
Region
1North America32.9%
2Not Specified25.1%
3Money Market12.6%
4Europe ex UK11.8%
5UK4.3%
6Japan4.2%
7Emerging Asia3.3%
8Central & S America2.4%
9European Emerging Markets1.5%
Industry sector
1Fixed Interest21.8%
2Alternative Investment Strategies19.9%
3Others15.9%
4Cash & Cash Equivalents12.6%
5Financials7.2%
6Industrials5.4%
7Consumer Goods4.5%
8Consumer Services3.8%
9Technology3.5%
Asset type
1International Equities37.5%
2Global Fixed Interest20.6%
3Alternative Investment Strategies19.9%
4Cash & Cash Equivalents12.6%
5Property3.8%
6UK Equities3%
7Others1.3%
8UK Corporate Fixed Interest1.3%
Individual holdings
1AVIVA INVESTORS MULTI-STRATEGY TARGET RETURN CLASS 814.1%
2INTECHNOLOGY11.9%
3WELLINGTON MANAGEMENT US RESEARCH EQUITY PORTFOLIO CLASS A9.6%
4JPM GLOBAL CORPORATE BOND CLASS C HEDGED9%
5AVIVA INVESTORS MULTI-STRATEGY TARGET INCOME CLASS 85.8%
6ISHARES $ TIPS UCITS ETF5.3%
7T ROWE PRICE (EMERGING MARKETS)5.1%
8BLACKROCK (LUX) BGF EMERGING MARKETS LOCAL CURRENCY BOND A24.3%
9MAN GLG JAPAN COREALPHA PROFESSIONAL4.1%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide long-term capital growth together with income by investing in other eligible Collective Investment Schemes (the target funds). Although the target funds may invest in equities, bonds, property securities or money market instruments, it is anticipated that up to 60% of the fund will be invested in target funds whose objectives are equity investment.
Benchmark
  • Mixed Investment 20 -60% Shares
Investment style
Cautious
Investment method
No data available.
Fund managers
NameSinceBiography
Gavin Counsell04/06/2013Gavin is responsible for managing a range of multi-asset funds. Joined the investment industry in 2000, and joined Aviva Investors in 2012. Prior to joining Aviva Investors, Gavin was a Senior Investment Consultant at Towers Watson within the Strategy team. Within this role Gavin provided strategic investment advice to pension scheme trustees; schemes with assets ranging from several hundred million to multi-billion. This included providing portfolio construction analysis and asset allocation advice, to achieve both target returns and diverse risk exposures. Before joining Towers Watson, he worked as a Pensions and Investment Consultant for Aon Consulting, between 2000 and 2007, focusing on asset liability modelling studies, asset allocation, portfolio structuring and performance analytics. Gavin is a qualified Fellow of the Institute and Faculty of Actuaries. He also holds a Master of Mathematics degree from the University of Warwick.
Peter Fitzgerald31/07/2011Main responsibilities Peter manages our suite of outcome-focused multi-strategy capabilities targeting specific client outcomes such as achieving reliable capital growth and securing a steady stream of income. He also leads our global multi-asset investment team and is responsible for the strategic direction of our global multi-asset and multi-strategy offering. Experience and qualifications Peter began his career at Old Mutual in 1995 before joining BNP Wealth Management’s multi-asset team. He has extensive international experience having worked in Asia, Latin America and Europe. He joined us in 2011. Peter holds a postgraduate diploma in Education from Trinity College Dublin and a degree in European studies from the University of Cork. He is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Multi-Manager 20-60% 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 price359.49
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN586
Aviva Multi-Manager 20-60% Pn S13
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price142.9
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAALD
Aviva Multi-Manager 20-60% Pn S14
Initial charge-
Annual charge0.45%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1%
Bid price137.24
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS0I
Aviva Multi-Manager 20-60% Pn S2
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price266.13
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNO50
Aviva Multi-Manager 20-60% Pn S3
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price235.58
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNO51
Aviva Multi-Manager 20-60% Pn S5
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price240.51
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNO52
Aviva Multi-Manager 20-60% Pn S6 Acc
Initial charge-
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price204.48
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN465
Data provided by

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