Fact sheet: Canlife CF Miton Def MltiAssPn

Fund information
Fund name
Canlife CF Miton Defensive Multi Asset Pn PS4
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund managers
  • Anthony Raynersince 01/12/2014
  • David Janesince 08/06/2014
Underlying fund
CF Miton Def Ml Ass
Fund objective
The fund aims to achieve modestly above inflation returns with lower volatility than equity markets over a five year period, from an actively managed multi asset portfolio of UK and international assets including equities, bonds, and indirectly of both property and commodities. Capital invested is at risk and there is no guarantee that a positive return will be delivered over the above, or any other investment period.
Benchmark
  • No Specified Index
Investment style
Cautious
Investment method
Mixed
Quick stats
1 Year return
3.9%
1 Year rank in sector
118/146
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£0m (£0m 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.
33
Bid price
110.7
Offer price
116.5
Top in this sector
Fund name1 Year
B&CE ThePplPnPre-Retm0.5%Pn16.4%
FL Defensive Index FOF Pn16.2%
Pru Dynamic Growth ll Pn16%
Zurich BlkRk Cnsnss 35 Pn15.9%
Canlife BlkRckConsensus 35Pn15.8%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK47.2%
    International23.6%
    Not Specified8.5%
    USA6.3%
    Global Emerging Markets5.5%
  • Corporate Bonds30.2%
    Government Bonds19.2%
    Others10.7%
    Equities5.7%
    Real Estate3.3%
  • Global Corporate Fixed Interest21.4%
    UK Gilts17%
    UK Corporate Fixed Interest16.7%
    UK Equities13.5%
    US Equities6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.7%-1.8%2.7%3.9%8%7.9%
Sector-0.1%-0.5%6.9%10.6%22.9%38.7%
Rank within sector85 / 17685 / 175125 / 166118 / 146115 / 12689 / 95
Quartile2nd2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund4%1.8%2.6%-0.7%0.4%
Sector10.7%2.3%7.6%5.6%6.9%
Rank within sector116 / 14657 / 135120 / 126109 / 11382 / 96
Quartile4th2nd4th4th4th
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.
-4.08
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.
0.96
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
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%.
4.8
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.
2.36
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.
-1.84
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.
0.76
Price movement
52 week high113.6
52 week low104.5
Current bid price110.7
Current offer price116.5
Current mid price-
Region
1UK47.2%
2International23.6%
3Not Specified8.5%
4USA6.3%
5Global Emerging Markets5.5%
6Europe ex UK4.8%
7Asia Pacific ex Japan2%
8Money Market1.1%
9Japan1%
Industry sector
1Corporate Bonds30.22%
2Government Bonds19.18%
3Others10.66%
4Equities5.7%
5Real Estate3.31%
6Electronic & Electrical Equipment2.73%
7Industrials2.47%
8Banks2.35%
9Building & Construction2.31%
Asset type
1Global Corporate Fixed Interest21.4%
2UK Gilts17%
3UK Corporate Fixed Interest16.7%
4UK Equities13.5%
5US Equities6.3%
6Commodity & Energy6.1%
7Global Emerging Market Equities5.5%
8Europe ex UK Equities4.8%
9International Property2.4%
Individual holdings
1TREASURY 2 1/2% IDX-LINKED GILT 20205.47%
2TREASURY 0.125% IDX-LKD GILT 22/11/19 GBP0.014.61%
3TREASURY 1.5 GILT 22/01/21 GBP0.013.2%
4ETFS GOLD BULLION SECURITIES USD3.02%
5ETFS GOLD BULLION SECURITIES USD3.02%
6TREASURY 4.25% GILT 07/12/49 GBP0.012.83%
7NB GLOBAL FLOATING RATE INCOME RED ORD GBP2.3%
8ISHARES EURO HIGH YIELD CORPORATE BOND UCITS ETF EUR1.72%
9ISHARES EURO HIGH YIELD CORPORATE BOND UCITS ETF EUR1.72%
Management
Fund manager group
Canada Life
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund objective
The fund aims to achieve modestly above inflation returns with lower volatility than equity markets over a five year period, from an actively managed multi asset portfolio of UK and international assets including equities, bonds, and indirectly of both property and commodities. Capital invested is at risk and there is no guarantee that a positive return will be delivered over the above, or any other investment period.
Benchmark
  • No Specified Index
Investment style
Cautious
Investment method
Mixed
Fund managers
NameSinceBiography
Anthony Rayner01/12/2014Before joining Miton, Anthony worked for Darwin Investments, analysing portfolio construction and risk for the Darwin Multi Asset Fund. Prior to this, he worked for M&G, focusing on portfolio construction and risk for UK equity funds and then for the multi asset fund range. Previously, he was a member of the Asset Allocation and Economics team at Merrill Lynch Investment Managers. He has 18 years investment experience.
David Jane08/06/2014David Jane joined the Darwin group in September 2010. He has more than 23 years' experience in investment management. He was previously Head of Equities Investments at M&G. David joined M&G in December 2000 as a Fund Manager in the global specialist equity team. He served as Head of Equities Investments and Portfolio Manager at M&G Managed Fund and M&G Cautious Multi Asset Fund, which he launched in February 2007 and grew to over £300 million during his tenure. Prior to M&G, David was the Head of Global Financials Research at Axa Investment Management. Prior to Axa, he was at Newton Investment Management as Director of Global Financials Research. He also served as a Non Executive Director of M&G High Income Investment Trust plc from October 2002 to July 2010. David graduated with a B.A. Honours in Statistics and Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife CF Miton Defensive Multi Asset Pn PS4
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)1.48%
Bid price110.7
Offer price116.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUV2
Canlife CF Miton Defensive Multi Asset Pn PS5
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.94%
Total expense ratio (TER)1.48%
Bid price104.5
Offer price104.5
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4OU
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