Fact sheet: Zurich Baill Giff DivGth Pn

Fund information
Fund name
Zurich Baillie Gifford Diversified Growth Pn CS1
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • James Squiressince 23/03/2015
  • Patrick Edwardsonsince 22/12/2008
  • David McIntyresince 23/03/2015
  • Scott Lothiansince 28/12/2015
  • Felix Amoakosince 30/06/2015
No data available.
Fund objective
Investment Proposition The Fund targets attractive long-term returns with lower volatility than equity markets by investing in a diversified portfolio of assets. The return target is at least 3.5% p.a. ahead of UK base rates (net of fees) over rolling five year periods. We aim to deliver this return whilst limiting volatility to less than 10% p.a. over rolling 5 year periods. Fund Aims To achieve long-term capital growth at a lower risk than equity markets by investing in a diversified portfolio. The Fund may gain exposure to a broad range of traditional and alternative asset classes which may include but is not limited to equities, investment grade and high yield bonds, property, private equity, infrastructure, commodities and currencies. In order to gain exposure to these asset classes the Fund may invest in transferable securities, money market instruments, collective investment schemes, derivatives and deposits. Up to 100% of the Fund may be invested in other collective investment vehicles and the Fund may use derivatives for both investment purposes and in the management of risk.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
Mixed, Feeder fund
Quick stats
1 Year return
5.6%
1 Year rank in sector
306/514
Sector
PN Specialist
Yield
-
Fund size
£297m (£234m 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.
38
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Performance snapshot

Holdings snapshot

  • UK45.2%
    Europe ex UK34%
    Americas14.9%
    Money Market4.5%
    Global Emerging Markets1.2%
  • Equities19.7%
    High Yield Bond13.9%
    Fixed Interest10.9%
    Structured Products9.9%
    Hedge8.3%
  • International Equities19.7%
    Global High Yield Fixed Interest13.9%
    Others12.7%
    Global Emerging Market Fixed Interest10.9%
    Structured Products9.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.9%0.1%4.1%5.6%14.6%32.2%
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector108 / 546217 / 545300 / 531306 / 514249 / 386188 / 317
Quartile1st2nd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund5.5%2%5.4%6.2%10%
Sector9.3%2%7.2%11%7.7%
Rank within sector301 / 514168 / 450220 / 388205 / 357117 / 318
Quartile3rd2nd3rd3rd2nd
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.
0.14
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.
0.68
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.
0.18
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%.
4.83
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.
3.25
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.
-0.56
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.
0.7
Price movement
52 week high652.6
52 week low582.2
Current bid price-
Current offer price-
Current mid price650
Region
1UK45.18%
2Europe ex UK33.99%
3Americas14.85%
4Money Market4.5%
5Global Emerging Markets1.21%
6Asia0.19%
7Others0.08%
Industry sector
1Equities19.7%
2High Yield Bond13.9%
3Fixed Interest10.9%
4Structured Products9.9%
5Hedge8.3%
6Infrastructure7.8%
7Property6.9%
8Investment Grade Bonds4.8%
9Insurance4.6%
Asset type
1International Equities19.7%
2Global High Yield Fixed Interest13.9%
3Others12.7%
4Global Emerging Market Fixed Interest10.9%
5Structured Products9.9%
6Hedge8.3%
7Property6.9%
8Global Investment Grade Fixed Interest4.8%
9Cash & Cash Equivalents4.5%
Individual holdings
1BAILLIE GIFFORD EMERGING MARKETS BOND C INC9.3%
2BAILLIE GIFFORD GLOBAL ALPHA GROWTH A ACC5.9%
3BAILLIE GIFFORD GLOBAL INCOME GROWTH C ACC5.1%
4BAILLIE GIFFORD WORLDWIDE GLOBAL CREDIT C ACC GBP4.8%
5GALENE FUND 4.5%
6BAILLIE GIFFORD HIGH YIELD BOND C INC4.1%
7UNITED STATES OF AMER TREAS NOTES 0.625% NTS 15/01/26 USD1004%
8BAILLIE GIFFORD WORLDWIDE JAPANESE C ACC JPY3.7%
9ALLIANZ MERGER ARBITRAGE STRATEGY2.9%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
Investment Proposition The Fund targets attractive long-term returns with lower volatility than equity markets by investing in a diversified portfolio of assets. The return target is at least 3.5% p.a. ahead of UK base rates (net of fees) over rolling five year periods. We aim to deliver this return whilst limiting volatility to less than 10% p.a. over rolling 5 year periods. Fund Aims To achieve long-term capital growth at a lower risk than equity markets by investing in a diversified portfolio. The Fund may gain exposure to a broad range of traditional and alternative asset classes which may include but is not limited to equities, investment grade and high yield bonds, property, private equity, infrastructure, commodities and currencies. In order to gain exposure to these asset classes the Fund may invest in transferable securities, money market instruments, collective investment schemes, derivatives and deposits. Up to 100% of the Fund may be invested in other collective investment vehicles and the Fund may use derivatives for both investment purposes and in the management of risk.
Benchmark
  • No Specified Index
Investment style
Flexible
Investment method
Mixed, Feeder fund
Fund managers
NameSinceBiography
James Squires23/03/2015James graduated BA in Mathematics and Philosophy from Oxford University in 2005. He joined Baillie Gifford in 2006, initially working in our North American Equity and Fixed Income Teams. He is now an Investment Manager in the Multi Asset Team. James is a member of the Investment Risk Committee and has been a CFA Charterholder since 2010.
Patrick Edwardson22/12/2008Patrick graduated BSc in Banking and International Finance from Cass Business School in 1993. He joined Baillie Gifford the same year and after his initial training he joined the Fixed Income Team where he spent five years as an Investment Manager. In 2000, Patrick moved to the UK Equity Team and took on the management of UK equity assets for balanced clients and various UK income portfolios. In 2007 he began initial development of our Diversified Growth product and is Head of the Multi Asset Team. Patrick became a Partner in 2005.
David McIntyre23/03/2015David graduated BA in History and Politics from Oxford University in 2004. He previously worked for KPMG and in 2007 qualified as a Chartered Accountant. David joined Baillie Gifford in 2008 and worked in the Fixed Income and European Equity Teams. He is now an Investment Manager in the Multi Asset Team.
Scott Lothian28/12/2015Scott graduated BSc in Actuarial Mathematics and Statistics from Heriot-Watt University in 1999; he is also a Fellow of the Institute of Actuaries. Prior to joining Baillie Gifford in 2015 he worked for Schroders in London, BEA Union in Hong Kong and Towers Watson. Scott is an Investment Manager in the Multi Asset Team.
Felix Amoako30/06/2015Felix graduated Bachelor of Commerce in Accounting from University of Cape Coast, Ghana in 2008 and MSc in Investment Analysis from Stirling University in 2010. Felix joined Baillie Gifford in 2011 and is an Investment Manger in the Multi Asset Team.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Baillie Gifford Diversified Growth Pn CS1
Initial charge-
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price650
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code061M
Zurich Baillie Gifford Diversified Growth Pn Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price717.1
Offer price717.1
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classInstitutional
Domicile-
Citi codeIJL6
Zurich Baillie Gifford Diversified Growth Pn ZP
Initial charge-
Annual charge0.1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.32%
Bid price-
Offer price-
Mid price764.8
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIJL3
Data provided by

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