Fact sheet: Aviva Sch Gilt & Fix I Pn

Fund information
Fund name
Aviva Schroder Gilt & Fixed Interest Pn S3
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund manager
  • David Scammellsince 01/11/2004
Underlying fund
Schroder Gilt & Fixed Int
Fund objective
The fund aims to provide income and capital growth. The fund invests mainly in bonds issued by the UK government across all maturities. The fund may also hold exposure to other government and non-government issuers. Government bonds can offer an alternative to equity markets, providing diversification in times of weaker risk appetite amongst investors. The fund will invest in bonds issued either in British pound or in another currency hedged back into British pound (to reduce or remove the risk of loss through currency movements). The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • IA UK Gilt Sector Average
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.8%
1 Year rank in sector
75/177
Sector
PN UK Gilts
Yield
-
Fund size
£11m (£11m 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.
55
Bid price
175.49
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn28.5%
Stan Life VanUK Long DurGtIdx Pn16.4%
SSgA MPF UK Over 15 Conv Glt Idx Pn16.3%
SSgA MPF >15 Yr Conv Gilt Net Pn16.2%
AEGON UK Long Gilt Pn16.1%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

  • UK92.4%
    USA6.3%
    Money Market0.6%
    Sweden0.6%
    Not Specified0.1%
  • Government Bonds96.7%
    Financials1.7%
    Money Market0.6%
    Industrials0.5%
    Utilities0.4%
  • UK Gilts96.7%
    UK Fixed Interest2.6%
    Money Market0.6%
    Alternative Investment Strategies0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1%3.9%0.6%7.8%21.8%23%
Sector1%4%0.4%7.9%22.4%24.9%
Rank within sector42 / 18287 / 18098 / 18075 / 17765 / 17262 / 161
Quartile1st2nd3rd2nd2nd2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.5%9.8%0.2%11.6%-4.8%
Sector1.5%9.9%-0.3%13.3%-4.8%
Rank within sector84 / 18051 / 17768 / 17595 / 17063 / 166
Quartile2nd2nd2nd3rd2nd
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.
-0.02
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.
0.97
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.
0.47
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%.
7.33
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.
0.85
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.
-0.25
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.
0.99
Price movement
52 week high183.78
52 week low161.82
Current bid price175.49
Current offer price-
Current mid price-
Region
1UK92.42%
2USA6.29%
3Money Market0.63%
4Sweden0.59%
5Not Specified0.08%
Industry sector
1Government Bonds96.69%
2Financials1.72%
3Money Market0.63%
4Industrials0.52%
5Utilities0.36%
6Derivatives0.08%
Asset type
1UK Gilts96.69%
2UK Fixed Interest2.6%
3Money Market0.63%
4Alternative Investment Strategies0.08%
Individual holdings
1TREASURY 3.75% GILT 07/09/19 GBP0.018.4%
2TREASURY 1.5% GILT 22/01/2021 GBP0.016.78%
3TREASURY 4.25% GILT 7/12/20276.61%
4TREASURY 5% GILT 07/03/18 GBP5.53%
5TREASURY 3.75% GILT 07/09/21 GBP5.27%
6TREASURY 4% GILT 22/01/60 GBP0.014.93%
7TREASURY 4.25% GILT 07/12/55 GBP0.014.7%
8TREASURY 4.25% GILT 07/06/2032 GBP0.014.15%
9UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1004.1%
Management
Fund manager group
Aviva
Fund manager company
Aviva Life & Pensions UK Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide income and capital growth. The fund invests mainly in bonds issued by the UK government across all maturities. The fund may also hold exposure to other government and non-government issuers. Government bonds can offer an alternative to equity markets, providing diversification in times of weaker risk appetite amongst investors. The fund will invest in bonds issued either in British pound or in another currency hedged back into British pound (to reduce or remove the risk of loss through currency movements). The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • IA UK Gilt Sector Average
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
David Scammell01/11/2004David Scammell, Senior Sovereign Bond Fund Manager at Santander Asset Management, has more than 20 years’ experience in fund management, specifically running euro, sterling and dollar government bond portfolios and strategies. He has previously worked at a number of major independent asset management companies, such as Schroders and Foreign & Colonial, and leading European central banks, including the Bank of England and the Bank for International Settlements. In his current role, David plays a principle part in the decision making process for euro and sterling interest rate and country investments. He is also the lead manager of the Santander Asset Management Government Bond Fund and the Santander Asset Management Investment Income Portfolio.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Aviva Schroder Gilt & Fixed Interest 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 price328.39
CurrencyGBX
Price updated26/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeN697
Aviva Schroder Gilt & Fixed Interest 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 price199.03
Offer price-
Mid price-
CurrencyGBX
Price updated26/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO56
Aviva Schroder Gilt & Fixed Interest 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 price175.49
Offer price-
Mid price-
CurrencyGBX
Price updated26/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO57
Aviva Schroder Gilt & Fixed Interest 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 price191.2
Offer price-
Mid price-
CurrencyGBX
Price updated26/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeNO58
Aviva Schroder Gilt & Fixed Interest 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 price184.02
Offer price-
Mid price-
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN487
Data provided by

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