Fact sheet: Zurich L&G All StksGltIxPn

Fund information
Fund name
Zurich Legal & General All Stocks Gilt Index Pn ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • LGIM Index Fund Management Teamsince 01/02/2014
Underlying fund
L&G All Stocks Gilt Index Tst
Fund objective
The objective of this fund is to provide a combination of income and growth (if the income is reinvested) by tracking the performance of the FTSE Actuaries British Government All Stocks Index.The fund will invest in bonds (a type of loan which pays interest). The fund's investments will closely match those that make up the Index. This Index consists of bonds which are issued by the UK Government (known as gilts). The gilts that the fund invests in will be investment grade bonds (rated as lower risk). Investment grade bonds are bonds that have achieved a higher credit rating from a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. 35% or more of the fund can be invested in bonds issued by the UK Government. The fund may use derivatives (contracts which have a value linked to the price of another asset) to:• reduce risk or cost; or• generate additional capital or income with no, or an acceptably low, level of risk.If you hold accumulation units, income from investments held by the fund (interest) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fund will be paid out to you every six months (as interest).You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
  • FTSE Actuaries British Government All Stocks Index
Investment style
Passive/Tracking
Investment method
None
Quick stats
1 Year return
7%
1 Year rank in sector
139/147
Sector
PN UK Index - Linked Gilts
Yield
-
Fund size
£0m
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.
46
Top in this sector
Fund name1 Year
SSgA Uk Idx Lkd Gilt Mar 2062 Pn33.1%
SSgA UK Idx Lkd Gilt Nov2055 Pn26.2%
SSgA UK Idx Lkd Glt Mar 2050 Pn25.4%
L&G Ovr 15Yr IdxLkd GltsIdx Pn24.5%
SSgA MPF Ovr 15Y IL Gilt Pn24.5%
...more in PN UK Index - Linked Gilts

Performance snapshot

Holdings snapshot

  • UK98.3%
    Money Market1.7%
  • Government Bonds97.9%
    Cash & Cash Equivalents1.7%
    Fixed Interest0.4%
  • UK Gilts98.3%
    Money Market1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.8%-6.8%0.9%7%22.1%-
Sector-3.5%-5.2%14.4%17.8%40.7%48.5%
Rank within sector12 / 152143 / 151150 / 151139 / 147131 / 137-
Quartile1st4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund7.7%0.5%13.5%--
Sector21.7%-1.5%18.7%0.1%-0.1%
Rank within sector140 / 1485 / 141134 / 137--
Quartile4th1st4th
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.
0.56
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.
0.55
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.
0.46
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%.
7.22
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.
6.02
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.
-0.7
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.
0.75
Price movement
52 week high648.9
52 week low556.8
Current bid price-
Current offer price-
Current mid price600.1
Region
1UK98.31%
2Money Market1.69%
Industry sector
1Government Bonds97.94%
2Cash & Cash Equivalents1.69%
3Fixed Interest0.37%
Asset type
1UK Gilts98.31%
2Money Market1.69%
Individual holdings
1TREASURY 4.75% GILT 07/12/30 GBP3.41%
2TREASURY 4.25% GILT 07/06/2032 GBP0.013.4%
3TREASURY 4.5% GILT 7/9/2034 GBP0.013.2%
4TREASURY 5% GILT 20253.2%
5TREASURY 4.25% GILT 07/12/55 GBP0.013.13%
6TREASURY 4% GILT 07/03/22 GBP0.013.1%
7TREASURY 4.25% GILT 07/03/36 GBP0.012.95%
8TREASURY 4.5% GILT 7/12/42 GBP2.9%
9TREASURY 4.25% GILT 7/12/20272.77%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The objective of this fund is to provide a combination of income and growth (if the income is reinvested) by tracking the performance of the FTSE Actuaries British Government All Stocks Index.The fund will invest in bonds (a type of loan which pays interest). The fund's investments will closely match those that make up the Index. This Index consists of bonds which are issued by the UK Government (known as gilts). The gilts that the fund invests in will be investment grade bonds (rated as lower risk). Investment grade bonds are bonds that have achieved a higher credit rating from a rating agency. Credit ratings give an indication of how likely it is that the issuer of a bond will be able to pay back interest and the loan on time. 35% or more of the fund can be invested in bonds issued by the UK Government. The fund may use derivatives (contracts which have a value linked to the price of another asset) to:• reduce risk or cost; or• generate additional capital or income with no, or an acceptably low, level of risk.If you hold accumulation units, income from investments held by the fund (interest) will be reinvested into the value of your units.If you hold distribution units, income from investments held by the fund will be paid out to you every six months (as interest).You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price.This fund may not be appropriate for investors who plan to withdraw their money within five years.
Benchmark
  • FTSE Actuaries British Government All Stocks Index
Investment style
Passive/Tracking
Investment method
None
Fund managers
NameSinceBiography
LGIM Index Fund Management Team01/02/2014The Index Fund management team comprises 29 investment professionals with average industry experience of 14 years. Together they are responsible for a wide range of index funds – covering equities, fixed income and alternative asset classes. The team has £277 billion index assets under management. All data as at 31 December 2015
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Legal & General All Stocks Gilt Index Pn ZP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price600.1
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJGU
Zurich Legal & General All Stocks Gilt Index Pn ZP Inet
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBX
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJJGX
Data provided by

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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.