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
  • Jim Cielinskisince 31/05/2012
Underlying fund
Threadneedle Def Eq & Bd
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
4.5%
1 Year rank in sector
105/146
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£62m (£63m 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.
43
Bid price
547.9
Offer price
576.8
Top in this sector
Fund name1 Year
B&CE ThePplPnPre-Retm0.5%Pn16.6%
LV= BlackRock Consensus 35 Pn16.3%
FL Defensive Index FOF Pn15.6%
SL BlackRkConsensus 35 Pn15.3%
OMW BlackRock Consensus 3515.2%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • UK43.5%
    Europe ex UK40.2%
    International7.3%
    North America3.9%
    Japan3.3%
  • Fixed Interest59.1%
    Equities31.8%
    Others7.3%
    Money Market1.8%
  • Global Fixed Interest36.4%
    UK Fixed Interest22.7%
    UK Equities20.8%
    Others7.3%
    North American Equities3.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.7%-2.7%3.9%4.5%3.5%14.5%
Sector-1.1%-0.9%7.4%9.9%21.5%38.9%
Rank within sector173 / 176106 / 175111 / 166105 / 146121 / 12580 / 95
Quartile4th3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.6%-2.5%0.1%4.6%5.2%
Sector10.3%2.3%7.6%5.6%6.9%
Rank within sector100 / 146132 / 135125 / 12674 / 11362 / 96
Quartile3rd4th4th3rd3rd
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.
-4.31
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.
0.98
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%.
4.69
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.
1.97
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.
-2.25
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.
0.82
Price movement
52 week high576.9
52 week low500.6
Current bid price547.9
Current offer price576.8
Current mid price-
Region
1UK43.5%
2Europe ex UK40.2%
3International7.3%
4North America3.9%
5Japan3.3%
6Money Market1.8%
Industry sector
1Fixed Interest59.1%
2Equities31.8%
3Others7.3%
4Money Market1.8%
Asset type
1Global Fixed Interest36.4%
2UK Fixed Interest22.7%
3UK Equities20.8%
4Others7.3%
5North American Equities3.9%
6Europe ex UK Equities3.8%
7Japanese Equities3.3%
8Money Market1.8%
Individual holdings
1THREADNEEDLE UK CORPORATE BOND FUND14.9%
2THREADNEEDLE EUROPEAN CORPORATE BOND FUND9%
3THREADNEEDLE DOLLAR BOND RET GR ACC GBP8.4%
4THREADNEEDLE UK EQUITY INCOME FUND8.3%
5THREADNEEDLE GLOBAL BOND FUND 7.6%
6THREADNEEDLE GLOBAL OPPORTUNITIES BOND FUND7.4%
7THREADNEEDLE UK INSTITUTIONAL FUND6.2%
8THREADNEEDLE MONTHLY EXTRA INCOME FUND5.3%
9THREADNEEDLE HIGH YIELD BOND FUND4.6%
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
Jim Cielinski31/05/2012In his role as Global Head of Fixed Income, Jim Cielinski is responsible for the overall management of the fixed income business, including investment process and investment strategy. He also manages the Threadneedle (Lux) Global Opportunities Bond Fund and is a key participant in the firm’s asset allocation process. Before joining the company, Jim spent 12 years at Goldman Sachs, leaving as Head of Global Credit – Investment Grade. He has also held senior investment roles at Utah Retirement Systems and Brown Brothers Harriman. Jim graduated from the University of Utah in 1983 with a BSc in Finance and gained an MBA from New York University in 1988. He also holds the Chartered Financial Analyst designation and is a member of the CFA Society of the UK.
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 price673.7
Offer price709.2
Mid price-
CurrencyGBX
Price updated01/12/2016
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)0.15%
Bid price-
Offer price-
Mid price264.7
CurrencyGBX
Price updated01/12/2016
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 price684.2
Offer price720.3
Mid price-
CurrencyGBX
Price updated01/12/2016
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 price547.9
Offer price576.8
Mid price-
CurrencyGBX
Price updated01/12/2016
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)0.29%
Bid price-
Offer price-
Mid price820.5
CurrencyGBX
Price updated01/12/2016
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 price220.2
Offer price220.2
Mid price-
CurrencyGBX
Price updated01/12/2016
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 price202.2
Offer price202.2
Mid price-
CurrencyGBX
Price updated01/12/2016
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)0.29%
Bid price-
Offer price-
Mid price234.8
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL44
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.