Fact sheet: Aviva Mlti-Stgy Trgt Inc Pn

Fund information
Fund name
Aviva Multi-Strategy Target Income Pn S14
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund managers
  • Peter Fitzgeraldsince 03/11/2014
  • Daniel Jamessince 03/11/2014
No data available.
Fund objective
The Fund aims to deliver an annual income yield of 4% above the Bank of England Base Rate before corporation tax, payable by the Fund, regardless of the prevailing market environment. Also to preserve capital and to manage volatility to a target of less than half the volatility of global equities over rolling three year periods. These aims are not guaranteed and it may not always be possible to achieve them over the periods stated, or over any period of investment. Consequently, investors’ capital is at risk. Income generated by the fund will be reinvested for capital growth.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
0.2%
1 Year rank in sector
423/513
Sector
PN Specialist
Yield
-
Fund size
£6m (£1m 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.
18
Bid price
107.14
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus39.8%
ReAssure AL NptRu&GtrRus Pn39.2%
L&G Nep Russia&Gtr Russia Pn39%
Scot Eq JPM Emg Eur Eq Pn36.3%
OMW InvescoPerpetualEmgEurpn34.6%
...more in PN Specialist

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-1.2%0.1%0.2%--
Sector-0.9%-0.9%6%8.2%20.2%40.8%
Rank within sector165 / 546312 / 544436 / 531423 / 513--
Quartile2nd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.3%6.6%---
Sector8.2%2%7.2%11%7.7%
Rank within sector444 / 51469 / 450---
Quartile4th1st
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.
-
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.
-
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.
-
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%.
-
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.
-
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.
-
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.
-
Price movement
52 week high108.65
52 week low106.15
Current bid price107.14
Current offer price-
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The Fund aims to deliver an annual income yield of 4% above the Bank of England Base Rate before corporation tax, payable by the Fund, regardless of the prevailing market environment. Also to preserve capital and to manage volatility to a target of less than half the volatility of global equities over rolling three year periods. These aims are not guaranteed and it may not always be possible to achieve them over the periods stated, or over any period of investment. Consequently, investors’ capital is at risk. Income generated by the fund will be reinvested for capital growth.
Benchmark
No data available.
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Peter Fitzgerald03/11/2014Main 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.
Daniel James03/11/2014Dan James is the Head of Global Markets Alpha and he Joined investment industry in 1995 & Aviva investors in March 2011.His Experience and Qualification are, Dan joined Aviva Investors from Francis Trees & Watts (FFTW), where he was the Chief Investment officer (CIO) for absolute return, portable alpha strategies and short duration aggregate fixed income. He has also held senior role at Fortis Investment and ABN Amro Asset management including CIO for absolute return, head of portable alpha strategies and CIO for global aggregate fixed income. Dan began his career as portfolio manager specializing in high net worth client’s portfolio at Mercury Asset management in London.Dan hold Investment management certificate from the CFA society of the UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Multi-Strategy Target 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 price105.85
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKTFL
Aviva Multi-Strategy Target Income Pn S14
Initial charge-
Annual charge0.6%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price107.14
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKTFM
Aviva Multi-Strategy Target Income Pn S6
Initial charge-
Annual charge0.6%
Min single investment£1
Min regular saving£1
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price108.66
Offer price-
Mid price-
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKTFK
Data provided by

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