Fact sheet: Zurich Eqty&Bd Pn

Fund information
Fund name
Zurich Equity & Bond Pn 3/4 AP Cap
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Alex Lylesince 31/03/2008
  • Mark Burgesssince 01/01/2011
Underlying fund
Threadneedle Equity & Bond
Fund objective
The investment objective is to provide a return from capital growth and income. The fund currently invests in the Zurich Pension Property fund (managed by Threadneedle Asset Management) and the Threadneedle Equity & Bond fund. The Threadneedle Equity & Bond fund may invest internationally and will invest primarily in funds that invest in equities, fixed interest securities, cash or near cash. It may also invest up to 20% of the funds assets in funds that do not restrict the use of derivatives to effective portfolio management.. The fund may also invest directly in cash, near cash and/or money market instruments. The Zurich Pension Property fund mainly invests in the UK property market. Properties are generally let on long-term leases to good quality tenants with regular rent reviews. Other properties are acquired with the intention of carrying out development. The investment aim is to combine the prospects for good capital growth with a secure and rising rental income.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
4.9%
1 Year rank in sector
361/462
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£166m (£163m 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.
51
Bid price
581.4
Offer price
612
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn27.1%
AXA Wealth TEAMS cl Gvn ptfl VPn19.3%
AXA Wealth TEAMS cl Gvn ptfl IVPn18.4%
FL Investec Caut Mgd Pn16.6%
AXA Wealth TEAMS cl Gvn ptfl IIIPn16.3%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • UK38.8%
    International33.2%
    Money Market9%
    Europe ex UK8.5%
    North America4%
  • Equities51.1%
    Fixed Interest38.5%
    Money Market9%
    Others1.3%
    Hedge0.1%
  • UK Equities20.9%
    Global Fixed Interest20.6%
    UK Fixed Interest17.9%
    International Equities12.6%
    Money Market9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-4%-2.7%4%4.9%7.4%21.7%
Sector-1.9%-1.6%6.6%8.2%17.2%39.9%
Rank within sector526 / 529423 / 529426 / 517361 / 462372 / 397320 / 339
Quartile4th4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund5.2%0.3%1.9%6.5%6%
Sector8.9%1.3%6%8.3%9.4%
Rank within sector372 / 463302 / 425352 / 399306 / 381290 / 339
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.
-2.22
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
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.
-
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%.
5.58
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.
2.01
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.
-1.09
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.
0.87
Price movement
52 week high616
52 week low528.3
Current bid price581.4
Current offer price612
Current mid price-
Region
1UK38.8%
2International33.2%
3Money Market9%
4Europe ex UK8.5%
5North America4%
6Japan2.6%
7Far East ex Japan2.3%
8Others1.3%
9Latin America0.2%
Industry sector
1Equities51.1%
2Fixed Interest38.5%
3Money Market9%
4Others1.3%
5Hedge0.1%
Asset type
1UK Equities20.9%
2Global Fixed Interest20.6%
3UK Fixed Interest17.9%
4International Equities12.6%
5Money Market9%
6Europe ex UK Equities8.5%
7North American Equities4%
8Japanese Equities2.6%
9Asia Pacific ex Japan Equities2.3%
Individual holdings
1THREADNEEDLE GLOBAL BOND FUND 17.9%
2THREADNEEDLE EUROPEAN FUND7.5%
3THREADNEEDLE UK CORPORATE BOND FUND6.9%
4THREADNEEDLE STERLING BOND FUND6.8%
5THREADNEEDLE GLOBAL SELECT FUND5.3%
6THREADNEEDLE UK EQUITY ALPHA INCOME FUND5.2%
7THREADNEEDLE GLOBAL EQUITY INCOME FUND4.6%
8THREADNEEDLE MONTHLY EXTRA INCOME FUND4.1%
9THREADNEEDLE INVESTMENT FUNDS ICVC - UK FUND RETAIL CLASS NET GBP3.6%
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 currently invests in the Zurich Pension Property fund (managed by Threadneedle Asset Management) and the Threadneedle Equity & Bond fund. The Threadneedle Equity & Bond fund may invest internationally and will invest primarily in funds that invest in equities, fixed interest securities, cash or near cash. It may also invest up to 20% of the funds assets in funds that do not restrict the use of derivatives to effective portfolio management.. The fund may also invest directly in cash, near cash and/or money market instruments. The Zurich Pension Property fund mainly invests in the UK property market. Properties are generally let on long-term leases to good quality tenants with regular rent reviews. Other properties are acquired with the intention of carrying out development. The investment aim is to combine the prospects for good capital growth with a secure and rising rental income.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alex Lyle31/03/2008Alex 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.
Mark Burgess01/01/2011Mark is Chief Investment Officer, EMEA and Global Head of Equities. In his role he is responsible for the investment performance for all EMEA investment strategies and for equities globally. He chairs the company’s Asset Management Committee and is a statutory Board member. He joined the company in November 2010. Prior to joining the company Mark was Head of Equities at Legal and General Investment Management. Before joining LGIM, Mark held senior roles at Morgan Grenfell Asset Management and Deutsche Asset Management. He gained a degree in Economics and Philosophy from Keele University and is an associate of the Institute of Investment Management and Research. He is a Director of the Investor Forum and a trustee of two charities, Access Sport and LIFEbeat.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich 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 price715.5
Offer price753.2
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8X2
Zurich 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)0.14%
Bid price-
Offer price-
Mid price297.3
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeA725
Zurich 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 price725.8
Offer price764
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8X3
Zurich 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 price581.4
Offer price612
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8X4
Zurich 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 price241.8
Offer price241.8
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ134
Zurich 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 price234.5
Offer price234.5
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ261
Zurich 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)0.3%
Bid price-
Offer price-
Mid price272.4
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL32
Data provided by

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