Fact sheet: Zurich Defensive Pn

Fund information
Fund name
Zurich Defensive 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 Managed Bond
Fund objective
The fund seeks to achieve stable growth over the long-term with low levels of risk by investing predominantly in bonds and money market assets. It is likely to deliver lower growth over the longer term than the other Mercer Risk Profile Funds.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
6.2%
1 Year rank in sector
118/155
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£37m (£32m 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
Bid price
527.6
Offer price
555.4
Top in this sector
Fund name1 Year
Aegon Balanced PassiveLS 2023Pn19.8%
Aegon BalancedPassiveLSPn19.7%
Aegon BAQ 30/70 Equ &Bd Ix Pn18.7%
Aegon Balanced PassiveLS 2022Pn18.2%
B&CE ThePplPnPre-Retm0.5%Pn18%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • International42.5%
    UK34.5%
    Money Market6.7%
    Others6.3%
    North America4.1%
  • Fixed Interest67.6%
    Equities19.4%
    Money Market6.7%
    Others6.3%
  • Global Fixed Interest42.5%
    UK Fixed Interest25.1%
    UK Equities9.4%
    Money Market6.7%
    Others6.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.5%0.5%-2.3%6.2%5.8%10.1%
Sector0.2%2%1.8%11.2%23.9%40%
Rank within sector167 / 177162 / 177160 / 173118 / 155126 / 13199 / 103
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20172016201520142013
Fund0%8.4%-2.7%1.2%0.8%
Sector1.7%12.5%2.3%7.6%5.6%
Rank within sector165 / 17586 / 145132 / 134123 / 125104 / 112
Quartile4th3rd4th4th4th
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.
-4.44
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.
0.92
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%.
4.46
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.
1.94
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.
-2.58
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 high542.1
52 week low489.8
Current bid price527.6
Current offer price555.4
Current mid price-
Region
1International42.5%
2UK34.5%
3Money Market6.7%
4Others6.3%
5North America4.1%
6Europe ex UK3.2%
7Japan2.7%
Industry sector
1Fixed Interest67.6%
2Equities19.4%
3Money Market6.7%
4Others6.3%
Asset type
1Global Fixed Interest42.5%
2UK Fixed Interest25.1%
3UK Equities9.4%
4Money Market6.7%
5Others6.3%
6North American Equities4.1%
7Europe ex UK Equities3.2%
8Japanese Equities2.7%
Individual holdings
1THREADNEEDLE UK CORPORATE BOND FUND16.1%
2THREADNEEDLE DOLLAR BOND RET GR ACC GBP11.2%
3THREADNEEDLE EUROPEAN CORPORATE BOND FUND10.6%
4THREADNEEDLE HIGH YIELD BOND FUND6.4%
5THREADNEEDLE GLOBAL OPPORTUNITIES BOND FUND6.3%
6THREADNEEDLE GLOBAL BOND FUND 5.6%
7THREADNEEDLE UK EQUITY INCOME FUND5.1%
8THREADNEEDLE (LUX) GLOBAL CORPORATE BOND FUND4.5%
9THREADNEEDLE UK INSTITUTIONAL FUND4.3%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund seeks to achieve stable growth over the long-term with low levels of risk by investing predominantly in bonds and money market assets. It is likely to deliver lower growth over the longer term than the other Mercer Risk Profile Funds.
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 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)1.28%
Bid price657.1
Offer price691.7
Mid price-
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8W6
Zurich Defensive 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)0.13%
Bid price-
Offer price-
Mid price237.6
CurrencyGBX
Price updated24/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeA721
Zurich Defensive 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)1.03%
Bid price667.9
Offer price703.1
Mid price-
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8W7
Zurich Defensive 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)4.53%
Bid price527.6
Offer price555.4
Mid price-
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8W8
Zurich Defensive Pn EP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.13%
Bid price-
Offer price-
Mid price798
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGVQ7
Zurich Defensive 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 price185.5
Offer price185.5
Mid price-
CurrencyGBX
Price updated24/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ251
Zurich Defensive Pn ZP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.28%
Bid price-
Offer price-
Mid price217.3
CurrencyGBX
Price updated24/04/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL66
Data provided by

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