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
  • Jim Cielinskisince 31/05/2012
Underlying fund
Threadneedle Defensive
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
5.5%
1 Year rank in sector
93/146
Sector
PN Mixed Investment 0%-35% Shares
Yield
-
Fund size
£39m (£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.
37
Bid price
515
Offer price
542.2
Top in this sector
Fund name1 Year
B&CE ThePplPnPre-Retm0.5%Pn18.5%
Zurich BlkRk Cnsnss 35 Pn15.2%
Canlife BlkRckConsensus 35Pn15.2%
LV= BlackRock Consensus 35 Pn15.1%
FL Defensive Index FOF Pn15.1%
...more in PN Mixed Investment 0%-35% Shares

Performance snapshot

Holdings snapshot

  • International50.7%
    UK33.7%
    Money Market7.4%
    North America3.7%
    Europe ex UK2.3%
  • Fixed Interest69.5%
    Equities17%
    Money Market7.4%
    Others6.1%
  • Global Fixed Interest44.6%
    UK Fixed Interest24.9%
    UK Equities8.8%
    Money Market7.4%
    Others6.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-2.7%-2.6%3.7%5.5%5%8.6%
Sector-0.5%-0.9%6.6%9.8%22%38.3%
Rank within sector158 / 17693 / 175102 / 16693 / 146121 / 12687 / 95
Quartile4th3rd3rd3rd4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.9%-2.7%1.2%0.8%2.8%
Sector10%2.3%7.6%5.6%6.9%
Rank within sector93 / 146133 / 135124 / 126104 / 11376 / 96
Quartile3rd4th4th4th4th
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.
-4.11
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.
0.91
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%.
4.43
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.
-2.36
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.
0.81
Price movement
52 week high542.1
52 week low475.3
Current bid price515
Current offer price542.2
Current mid price-
Region
1International50.7%
2UK33.7%
3Money Market7.4%
4North America3.7%
5Europe ex UK2.3%
6Japan2.2%
Industry sector
1Fixed Interest69.5%
2Equities17%
3Money Market7.4%
4Others6.1%
Asset type
1Global Fixed Interest44.6%
2UK Fixed Interest24.9%
3UK Equities8.8%
4Money Market7.4%
5Others6.1%
6North American Equities3.7%
7Europe ex UK Equities2.3%
8Japanese Equities2.2%
Individual holdings
1THREADNEEDLE UK CORPORATE BOND FUND16%
2THREADNEEDLE DOLLAR BOND RET GR ACC GBP11.3%
3THREADNEEDLE EUROPEAN CORPORATE BOND FUND11%
4THREADNEEDLE GLOBAL OPPORTUNITIES BOND FUND6.2%
5THREADNEEDLE HIGH YIELD BOND FUND6.2%
6THREADNEEDLE GLOBAL BOND FUND 5.9%
7THREADNEEDLE EUROPEAN BOND FUND4.8%
8THREADNEEDLE UK EQUITY INCOME FUND4.8%
9THREADNEEDLE (LUX) GLOBAL CORPORATE BOND FUND4.4%
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
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 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)1.32%
Bid price633.5
Offer price666.9
Mid price-
CurrencyGBX
Price updated05/12/2016
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)0.17%
Bid price-
Offer price-
Mid price228.1
CurrencyGBX
Price updated05/12/2016
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)1.07%
Bid price643.3
Offer price677.2
Mid price-
CurrencyGBX
Price updated05/12/2016
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)4.57%
Bid price515
Offer price542.2
Mid price-
CurrencyGBX
Price updated05/12/2016
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)0.31%
Bid price-
Offer price-
Mid price766.1
CurrencyGBX
Price updated05/12/2016
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 price179.2
Offer price179.2
Mid price-
CurrencyGBX
Price updated05/12/2016
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)0.31%
Bid price-
Offer price-
Mid price208.7
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL66
Data provided by

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