Fact sheet: Zurich InvPerpCorBdPn

Fund information
Fund name
Zurich Invesco Perp Corporate Bond Pn 3/4 AP Cap
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Paul Readsince 23/07/1995
  • Michael Matthewssince 28/03/2013
  • Paul Causersince 23/07/1995
Underlying fund
Invesco Perp Corporate Bd
Fund objective
The fund aims to achieve a high level of overall return, with relative security of capital. It intends to invest primarily in fixed interest securities. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions, although the fund will not in vest in any instrument which gives rise to a stamp duty liability.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Quick stats
1 Year return
-0.2%
1 Year rank in sector
259/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£13m (£16m 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.
22
Bid price
525
Offer price
552.7
Top in this sector
Fund name1 Year
AEGON Long Core Plus Pn13.4%
MetLife Fid Corp Bd 20yr Pn12.3%
L&G PMC AAAAAA CpBd Ov15Y Id Pn11.3%
OMW IPL L&G AAA CrpBdOv15YIx Pn11.3%
FL TEActv Bln Bd IE11.1%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK63.5%
    USA12.5%
    France8.4%
    Others3.6%
    Germany2.5%
  • Banks26.7%
    Utilities14.7%
    Telecommunications13.9%
    Insurance11.6%
    Transport3.9%
  • Global Corporate Fixed Interest97.1%
    Global Fixed Interest2.6%
    Alternative Investment Strategies0.2%
    Money Market0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-4.6%-0.4%-0.2%-0.2%19.1%
Sector-1.4%-5.1%3.2%6.5%18.1%39.4%
Rank within sector211 / 26498 / 264264 / 264259 / 259234 / 234202 / 209
Quartile4th2nd4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund0.6%-2.5%2.1%0.8%15.8%
Sector7.4%0.2%10.5%1%13.5%
Rank within sector258 / 259238 / 245229 / 234132 / 22551 / 209
Quartile4th4th4th3rd1st
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.
-3.07
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.
0.63
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%.
3.67
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.
2.47
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.
-2.05
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.
0.83
Price movement
52 week high551.6
52 week low509.1
Current bid price525
Current offer price552.7
Current mid price-
Region
1UK63.52%
2USA12.51%
3France8.4%
4Others3.58%
5Germany2.48%
6Netherlands2.43%
7Spain2.02%
8Switzerland1.81%
9International1.77%
Industry sector
1Banks26.69%
2Utilities14.65%
3Telecommunications13.85%
4Insurance11.6%
5Transport3.86%
6Foods3.68%
7Oil & Gas3.47%
8Retail3.06%
9Tobacco2.89%
Asset type
1Global Corporate Fixed Interest97.08%
2Global Fixed Interest2.63%
3Alternative Investment Strategies0.24%
4Money Market0.05%
Individual holdings
1LLOYDS BANK PLC 13% STEP-UP PERP CAP SECS GBP1000001.64%
2APPLE INC 3.85% BDS 04/05/43 USD2000144A1.6%
3BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.45%
4BRITISH TELECOMMUNICATIONS 7.5% NTS 07/12/16 GBP(VAR)1.36%
5LLOYDS BANK PLC 7.625% NTS 22/04/25 GBP10001.35%
6EUROPEAN INVESTMENT BANK 1.375% BDS 15/01/18 GBP1000001.2%
7LEGAL & GENERAL GROUP PERP PREF CALL CAP SECS GBP500001.12%
8PRUDENTIAL PLC 5% DATED NTS 20/07/55 GBP100000 21.09%
9HEATHROW FUNDING LTD CLS`A`5.225% UNWRP BDS 15/02/25GBP`REGS`1.08%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund aims to achieve a high level of overall return, with relative security of capital. It intends to invest primarily in fixed interest securities. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions, although the fund will not in vest in any instrument which gives rise to a stamp duty liability.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Paul Read23/07/1995Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Causer, managing a number of government, corporate and non- investment grade portfolios across the maturity spectrum. Paul began his investment career with UBS (Securities) Ltd in 1986, and then moved to Merrill Lynch International in 1988. Paul initially worked on the bond sales desk, covering institutional investment managers at Merrill Lynch, before moving on to debt trading and working as a director of fixed interest trading in Tokyo from 1991 and in Paris from 1993 before joining our company in 1995. He holds a BA in Economics and History from the University of Toronto and also has an MBA from INSEAD.
Michael Matthews28/03/2013Based in Henley-on-Thames, Michael is responsible for the management of a number of government and corporate investment grade portfolios. Michael began his investment career in 1995, joining the co-heads of Invesco Perpetuals Fixed Interest team, Paul Read and Paul Causer, upon the team's foundation. He initially specialised in the team's money and foreign exchange market activities before predominantly focusing on government and investment grade credit markets. Michael has passed the associate examinations of the Association for Investment Management and Research (AIMR).
Paul Causer23/07/1995Based in Henley-on-Thames, Paul co-leads Invesco Perpetual’s Fixed Interest team with Paul Read, managing a number of government, corporate and non- investment grade portfolios. Paul began his investment career in 1983 in research and credit analysis with Asahi Bank, the large Japanese commercial bank. He then moved to the bank's treasury department and traded securities and derivative instruments until 1990 when he was given responsibility for managing the bank's multi-currency investment portfolio before joining our company in 1994. Paul holds a BSc in Economics from the London School of Economics.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Invesco Perp Corporate Bond Pn 1% AP Acc
Initial charge-
Annual charge1.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.84%
Bid price645.8
Offer price679.8
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8Y1
Zurich Invesco Perp Corporate Bond Pn 3/4 AP
Initial charge-
Annual charge0.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.84%
Bid price-
Offer price-
Mid price245.1
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeA751
Zurich Invesco Perp Corporate Bond Pn 3/4 AP Acc
Initial charge-
Annual charge1.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.59%
Bid price655.7
Offer price690.3
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8Y2
Zurich Invesco Perp Corporate Bond Pn 3/4 AP Cap
Initial charge-
Annual charge4.9%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)5.09%
Bid price525
Offer price552.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeK8Y3
Zurich Invesco Perp Corporate 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 price172.3
Offer price172.3
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ172
Zurich Invesco Perp Corporate Bond Pn ZP
Initial charge-
Annual charge0.55%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.74%
Bid price-
Offer price-
Mid price194.8
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeES54
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.