Fact sheet: Aviva MM 40-85% Pn

Fund information
Fund name
Aviva Multi-Manager 40-85% Pn S3
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Peter Fitzgeraldsince 31/07/2011
  • Gavin Counsellsince 04/06/2013
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 85% of the fund will be invested in target funds whose objectives are equity investment.
Benchmark
  • IA Mixed Investment 40% - 85% Shares
Investment style
Balanced
Investment method
No data available.
Quick stats
1 Year return
12.3%
1 Year rank in sector
298/794
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£86m (£75m 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.
69
Bid price
265.87
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn23.2%
Scot Eq Ext Bal Coll (ex MLC) Pn22%
FL My Ftr Adv Gth XE/IE Pn21.6%
FL My Ftr Advantage Gth Pn21.3%
Scot Eq Caerus Pfl DRP 4 Pn20.5%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • North America37.6%
    Not Specified16.1%
    Europe ex UK14.5%
    Money Market8.8%
    Japan5.8%
  • Others19.5%
    Fixed Interest17.9%
    Alternative Investment Strategies11.8%
    Financials10.1%
    Cash & Cash Equivalents8.8%
  • International Equities53%
    Global Fixed Interest17%
    Alternative Investment Strategies11.9%
    Cash & Cash Equivalents8.8%
    UK Equities4.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2%1.7%11.8%12.3%25.5%62.4%
Sector-2.2%-0.5%9.1%10.3%20.2%49.6%
Rank within sector397 / 912120 / 912142 / 894298 / 79496 / 69176 / 595
Quartile2nd1st1st2nd1st1st
Calendar performance
 YTD - 20162015201420132012
Fund12.4%3.8%6.7%16.2%12.1%
Sector10.6%2.2%5.7%13.1%9.9%
Rank within sector352 / 800152 / 753144 / 692155 / 66197 / 596
Quartile2nd1st1st1st1st
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.
0.97
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.
1.11
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%.
8.21
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.
2.71
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.
0.61
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.
0.9
Price movement
52 week high274.15
52 week low216.19
Current bid price265.87
Current offer price-
Current mid price-
Region
1North America37.6%
2Not Specified16.1%
3Europe ex UK14.5%
4Money Market8.8%
5Japan5.8%
6UK5.1%
7Emerging Asia4.5%
8Central & S America3.2%
9European Emerging Markets2.1%
Industry sector
1Others19.5%
2Fixed Interest17.9%
3Alternative Investment Strategies11.8%
4Financials10.1%
5Cash & Cash Equivalents8.8%
6Industrials7.6%
7Consumer Goods6.3%
8Consumer Services5.3%
9Technology5%
Asset type
1International Equities53%
2Global Fixed Interest17%
3Alternative Investment Strategies11.9%
4Cash & Cash Equivalents8.8%
5UK Equities4.2%
6Property2.3%
7Others1.9%
8UK Corporate Fixed Interest0.9%
Individual holdings
1INTECHNOLOGY17%
2WELLINGTON MANAGEMENT US RESEARCH EQUITY PORTFOLIO CLASS A13.9%
3AVIVA INVESTORS MULTI-STRATEGY TARGET RETURN CLASS 811.7%
4T ROWE PRICE (EMERGING MARKETS)7.1%
5BLACKROCK (LUX) BGF EMERGING MARKETS LOCAL CURRENCY BOND A25.8%
6MAN GLG JAPAN COREALPHA PROFESSIONAL5.7%
7HERMES GLOBAL HIGH YIELD BOND CLASS F (HEDGED) 5.6%
8INVESCO PERPETUAL EUROPEAN EQUITY INCOME (NO TRAIL)5.6%
9BLACKROCK EUROPEAN DYNAMIC FD ACC5.3%
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 85% of the fund will be invested in target funds whose objectives are equity investment.
Benchmark
  • IA Mixed Investment 40% - 85% Shares
Investment style
Balanced
Investment method
No data available.
Fund managers
NameSinceBiography
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.
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.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Multi-Manager 40-85% 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 price370.02
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeN587
Aviva Multi-Manager 40-85% 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)1.15%
Bid price150.46
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGRZQ
Aviva Multi-Manager 40-85% 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 price300.33
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO47
Aviva Multi-Manager 40-85% 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 price265.87
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO48
Aviva Multi-Manager 40-85% 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 price270.46
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO49
Aviva Multi-Manager 40-85% Pn S6 Acc
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price209.82
Offer price-
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN464
Data provided by

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