Fact sheet: Zurich Def Eq & Bd Pn

Fund information
Fund name
Zurich Defensive Equity & Bond Pn 3/4 AP Cap
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Alex Lylesince 01/02/2017
Underlying fund
Threadneedle Mgd Bd Focused
Fund objective
The investment objective is to provide a return from capital growth and income. The fund may invest internationally and will invest primarily in funds that invest in fixed interest securities and/or equities of companies that are domiciled in the UK and have significant UK Operations. The fund may also invest up to 20% of its assets in funds that do not restrict the use of derivatives to effective portfolio management. The fund may invest directly in cash, near cash and/or money market instruments.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.5%
1 Year rank in sector
108/154
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£60m (£60m 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.
44
Bid price
566
Offer price
595.8
Top in this sector
Fund name1 Year
Aegon Balanced PassiveLS 2023Pn21%
Aegon BalancedPassiveLSPn20.9%
Aegon Balanced PassiveLS 2022Pn19.3%
Aegon BAQ 30/70 Equ &Bd Ix Pn18.5%
B&CE ThePplPnPre-Retm0.5%Pn18.3%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • International42%
    UK38.1%
    North America5.4%
    Money Market5.3%
    Europe ex UK5.2%
  • Fixed Interest57.5%
    Equities29.7%
    Others7.5%
    Money Market5.3%
  • Global Fixed Interest34%
    UK Fixed Interest23.5%
    UK Equities14.6%
    Others7.5%
    North American Equities5.4%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%1.4%-1.2%7.5%5.7%14.7%
Sector0.4%2.1%2%11.7%24.2%39.9%
Rank within sector163 / 175136 / 175156 / 171108 / 154126 / 13092 / 102
Quartile4th4th4th3rd4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0.6%8.4%-2.5%0.1%4.6%
Sector1.8%12.5%2.3%7.6%5.6%
Rank within sector152 / 17386 / 144130 / 133123 / 12474 / 111
Quartile4th3rd4th4th3rd
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.
-5.22
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.
1.01
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%.
4.9
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.
2.05
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.
-2.49
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.
0.82
Price movement
52 week high576.9
52 week low519.7
Current bid price566
Current offer price595.8
Current mid price-
Region
1International42%
2UK38.1%
3North America5.4%
4Money Market5.3%
5Europe ex UK5.2%
6Japan3.5%
7Far East ex Japan0.5%
Industry sector
1Fixed Interest57.5%
2Equities29.7%
3Others7.5%
4Money Market5.3%
Asset type
1Global Fixed Interest34%
2UK Fixed Interest23.5%
3UK Equities14.6%
4Others7.5%
5North American Equities5.4%
6Money Market5.3%
7Europe ex UK Equities5.2%
8Japanese Equities3.5%
9Asia Pacific ex Japan Equities0.5%
Individual holdings
1THREADNEEDLE UK CORPORATE BOND FUND15.6%
2THREADNEEDLE DOLLAR BOND RET GR ACC GBP8.3%
3THREADNEEDLE EUROPEAN CORPORATE BOND FUND8.3%
4THREADNEEDLE GLOBAL OPPORTUNITIES BOND FUND7.5%
5THREADNEEDLE GLOBAL BOND FUND 6.8%
6THREADNEEDLE MONTHLY EXTRA INCOME FUND5.6%
7THREADNEEDLE AMERICAN FUND 5.4%
8THREADNEEDLE EUROPEAN FUND5.2%
9THREADNEEDLE UK INSTITUTIONAL FUND4.7%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The investment objective is to provide a return from capital growth and income. The fund may invest internationally and will invest primarily in funds that invest in fixed interest securities and/or equities of companies that are domiciled in the UK and have significant UK Operations. The fund may also invest up to 20% of its assets in funds that do not restrict the use of derivatives to effective portfolio management. The fund may invest directly in cash, near cash and/or money market instruments.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alex Lyle01/02/2017Alex Lyle is Head of Managed Funds, EMEA. In this role he takes responsibility for a large number of the company’s managed funds, is a member of the Asset Allocation Committee and is a key investment contact between the company and a number of its major clients.He joined the company in 1994 and was appointed Joint Head of UK / European Equity teams in 1999 and became Head of Managed Funds in 2003.Alex started his career at Hambros Bank’s¹ Unit Trust Division, which was acquired by Allied Dunbar² in 1981 and subsequently became part of Threadneedle Asset Management Limited in 1994. He managed UK equity portfolios for more than 20 years. He has a degree in Geography from Oxford University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Defensive Equity & Bond Pn 1% AP Acc
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.31%
Bid price705
Offer price742.2
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8W9
Zurich Defensive Equity & Bond Pn 3/4 AP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.19%
Bid price-
Offer price-
Mid price277.9
CurrencyGBX
Price updated25/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeA723
Zurich Defensive Equity & Bond Pn 3/4 AP Acc
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.06%
Bid price716.7
Offer price754.5
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8X0
Zurich Defensive Equity & Bond Pn 3/4 AP Cap
Initial charge-
Annual charge4.25%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)4.56%
Bid price566
Offer price595.8
Mid price-
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8X1
Zurich Defensive Equity & Bond Pn EP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.16%
Bid price-
Offer price-
Mid price862.5
CurrencyGBX
Price updated25/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGVQ8
Zurich Defensive Equity & Bond 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 price230.1
Offer price230.1
Mid price-
CurrencyGBX
Price updated25/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ131
Zurich Defensive Equity & Bond Pn Inet GBP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price211.2
Offer price211.2
Mid price-
CurrencyGBX
Price updated25/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ252
Zurich Defensive Equity & Bond Pn ZP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.31%
Bid price-
Offer price-
Mid price246.6
CurrencyGBX
Price updated25/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL44
Data provided by

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