Fact sheet: Zurich Henderson Stg Bond Pn

Fund information
Fund name
Zurich Henderson Sterling Bond Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Stephen Thariyansince 08/04/2009
  • Philip Paynesince 08/04/2009
Underlying fund
Henderson Sterling Bond
Fund objective
To achieve a high and stable level of income. The fund will invest principally in sterling-denominated fixed interest securities including preference shares, concentrating on investment grade corporate bonds.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
7.9%
1 Year rank in sector
52/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£0m (£1m 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
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn14.3%
FL TEActv Bln Bd IE12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
AEGON Long Core Plus Pn11.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.3%-4.6%3.7%7.9%21.7%44.1%
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector143 / 265143 / 26513 / 26552 / 26063 / 23548 / 210
Quartile3rd3rd1st1st2nd1st
Calendar performance
 YTD - 20162015201420132012
Fund9%-0.3%11.9%1.1%14.3%
Sector7.7%0.2%10.5%1%13.5%
Rank within sector46 / 260184 / 24648 / 235115 / 22685 / 210
Quartile1st3rd1st3rd2nd
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.
-0.64
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.
1.24
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.
0.44
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%.
6.8
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.
1.96
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.
0.35
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.
0.95
Price movement
52 week high183.2
52 week low155.5
Current bid price-
Current offer price-
Current mid price173.1
Region
1UK95.9%
2Money Market4.1%
Industry sector
1BBB54.2%
2A30.3%
3AA7.2%
4Money Market4.1%
5BB3%
6AAA0.6%
7Non-Rated0.6%
Asset type
1UK Fixed Interest95.9%
2Money Market4.1%
Individual holdings
1DEUTSCHE TELEKOM INTL FINANCE B.V. 6.5% EMTN 08/04/22 GBP20001.2%
2HEATHROW FUNDING LTD 6.75% 03/12/20261.2%
3WAL-MART STORES INC 4.875% BDS 19/01/39 GBP500001.2%
4B.A.T.INTERNATIONAL FINANCE 6.375% NTS 12/12/19 GBP(VAR)1.1%
5GE CAPITAL UK FUNDING UNLTD CO 5.875% NTS 18/01/33 GBP10001.1%
6SANTANDER UK 1.875% 20201.1%
7GOLDMAN SACHS GROUP 4.25% EMTN 29/01/20261%
8ING BANK NV LONDON 6.875% BDS 29/05/23 GBP500001%
9CITIGROUP INC 6.8% EMTN 25/06/38 GBP10000.9%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
To achieve a high and stable level of income. The fund will invest principally in sterling-denominated fixed interest securities including preference shares, concentrating on investment grade corporate bonds.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Stephen Thariyan08/04/2009Stephen Thariyan is the Global Head of Credit in charge of the 30-strong credit team of portfolio managers and analysts at Henderson. Prior to joining Henderson in 2007 as Head of Credit, Stephen was a portfolio manager at Rogge Global Partners responsible for investing in corporate bonds and credit derivatives globally. He was previously a director and senior analyst at NatWest Markets’ credit rating and research unit where he led teams of sector analysts in credit research. He started his career as an accountant at Ernst & Young in 1988 and later moved to become senior auditor at Chevron Corporation. Stephen graduated from the University of Newcastle-Upon-Tyne with a BA (Hons) in Accountancy and Financial Analysis.
Philip Payne08/04/2009Philip Payne began his career at Henderson Global Investors in 2000; he progressed to Fund Manager in 2003 and is now the manager of the Henderson All stocks Credit and Long Dated Credit Funds. Phillip graduated from Nottingham Trent University with a BA (Hons) in Financial Services is a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Henderson Sterling 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 price154.9
Offer price154.9
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ192
Zurich Henderson Sterling Bond Pn ZP
Initial charge-
Annual charge0.47%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.67%
Bid price-
Offer price-
Mid price173.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeES93
Data provided by

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