Fact sheet: Aviva Managed High Inc Pn

Fund information
Fund name
Aviva Managed High Income Pn S3
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Chris Highamsince 01/11/2012
No data available.
Fund objective
To provide a high level of income by investing in a diversified range of corporate and Government bonds, issued both in the UK and internationally.
Benchmark
  • ML Composite Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.9%
1 Year rank in sector
20/168
Sector
PN Sterling Strategic Bond
Yield
-
Fund size
£56m (£51m 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.
27
Bid price
204.31
Top in this sector
Fund name1 Year
AXA Wealth AXA Fram Mgd Inc Pn9.4%
Canlife AXA Fram Mgd Inc Pn9.4%
OMW AXA Framlington Mgd Inc9.4%
FL Artemis Stra Bd AP8.3%
FL Artemis Strat Bd EP7.9%
...more in PN Sterling Strategic Bond

Performance snapshot

Holdings snapshot

  • North America36%
    UK31.3%
    Europe15.2%
    Money Market5.5%
    Central & S America4.4%
  • BB28.9%
    BBB25.3%
    B23.3%
    A6.6%
    Money Market5.5%
  • Global Fixed Interest61%
    UK Corporate Fixed Interest29.8%
    Cash & Cash Equivalents5.5%
    Others2.1%
    UK Gilts1.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%-2.5%3.1%6.9%17.7%47.5%
Sector-0.4%-1.5%2.8%5%12.9%38.8%
Rank within sector89 / 172123 / 17259 / 17220 / 16820 / 15546 / 143
Quartile3rd3rd2nd1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.9%-0.3%7.6%6%17.8%
Sector5.7%0.7%5.6%5.9%15.8%
Rank within sector6 / 168117 / 16329 / 15579 / 15155 / 143
Quartile1st3rd1st3rd2nd
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.
0.15
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.
1.27
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.
0.41
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%.
4.25
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.
1.49
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.
0.79
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.
0.92
Price movement
52 week high209.68
52 week low183.25
Current bid price204.31
Current offer price-
Current mid price-
Region
1North America36%
2UK31.3%
3Europe15.2%
4Money Market5.5%
5Central & S America4.4%
6Others2.2%
7European Emerging Markets1.9%
8Australasia1.7%
9Emerging Asia1.1%
Industry sector
1BB28.9%
2BBB25.3%
3B23.3%
4A6.6%
5Money Market5.5%
6Non-Rated3.8%
7AA3.1%
8Others2.2%
9CCC+1.3%
Asset type
1Global Fixed Interest61%
2UK Corporate Fixed Interest29.8%
3Cash & Cash Equivalents5.5%
4Others2.1%
5UK Gilts1.5%
6International Equities0.1%
Individual holdings
1RSA INSURANCE GROUP PLC CALLABLE NOTES VARIABLE1.5%
2TREASURY 4.75% GILT 07/12/38 GBP1.5%
3ENEL SPA 8.75% BDS 24/09/73 USD10001.4%
4MITCHELLS & BUTLERS FINANCE PLC CALLABLE OTHER1.4%
5AT&T INC 4.25% BDS 01/06/43 GBP1000001.3%
6BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.3%
7IMPERIAL TOBACCO FINANCE PLC MEDIUM TERM NOTE1.3%
8LEGAL & GENERAL GROUP PLC CALLABLE MEDIUM TERM1.3%
9FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1.2%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
To provide a high level of income by investing in a diversified range of corporate and Government bonds, issued both in the UK and internationally.
Benchmark
  • ML Composite Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Chris Higham01/11/2012Chris Higham is the head of Credit Multi-Strategy Fixed Income. He joined Aviva investors in 2007. Chris oversees a range of bond funds which invest across fixed-income assets, including investment-grade corporates, high-yield corporates, government, and emerging markets bonds. During 2013 the Aviva Investors Managed High Income Fund was awarded the Lipper Fund award within the Bond-Global High Yield category. In 2014 the Aviva Investors Strategic Bond Fund was the winner of the Investment Advisor 100 club Sterling Strategic Bond Fund of the year. Chris has managed the Strategic Bond Fund from launch in 2008. Chris has extensive investment experience. Prior to joining Aviva Investors he worked as a portfolio manager for Old Mutual Asset Managers. He joined the industry as a credit analyst. Chris graduated from Durham University with a BA (Hons) in Economics. He is an associate member of the UK Society Investment Professionals and is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Managed High Income 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 price384.27
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeN584
Aviva Managed High Income Pn S14
Initial charge-
Annual charge0.3%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.35%
Bid price129.43
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGS3J
Aviva Managed High Income 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 price230.79
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO75
Aviva Managed High Income 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 price204.31
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO76
Aviva Managed High Income 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 price204.81
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN479
Aviva Managed High Income Pn S8
Initial charge0.2%
Annual charge0.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.25%
Bid price197.24
Offer price-
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN510
Data provided by

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