Fact sheet: Zurich Managed Income Pn

Fund information
Fund name
Zurich Managed Income Pn EP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Richard Colwellsince 01/01/2010
Underlying fund
Threadneedle Managed Eq Inc
Fund objective
To provide a growing income with potential for capital growth. The Fund will invest at least two-thirds of its assets in funds managed or operated by companies in the Threadneedle group. These funds may invest worldwide. The Fund will invest at least two-thirds of its assets in funds that invest in company shares, but will also have some exposure to fixed income securities. The Fund may also hold cash, near cash and money market instruments. Up to 20% of the value of the Fund may be invested in funds that invest in derivatives for purposes other than Efficient Portfolio Management.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Quick stats
1 Year return
16.2%
1 Year rank in sector
608/863
Sector
PN Mixed Investment 40%-85% Shares
Yield
-
Fund size
£2m (£2m 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.
70
Top in this sector
Fund name1 Year
BlackRock LGIM Oseas Consn Idx Pn31.9%
Scot Eq Sequel Adven Jrny Pn29.8%
Scot Eq Sequel Adventurous Pn29.8%
FL My Ftr Adv Gth XE/IE Pn28.8%
Scot Eq Ext Bal Coll (ex MLC) Pn28.5%
...more in PN Mixed Investment 40%-85% Shares

Performance snapshot

Holdings snapshot

  • UK78.6%
    International10.6%
    Europe ex UK10.2%
    Money Market0.6%
  • Equities84%
    Fixed Interest15.4%
    Money Market0.6%
  • UK Equities63.2%
    UK Fixed Interest15.4%
    International Equities10.6%
    Europe ex UK Equities10.2%
    Money Market0.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.6%3.4%4.5%16.2%30.3%75.3%
Sector0.9%3.7%5%17%27.4%49%
Rank within sector59 / 904641 / 893643 / 892608 / 863253 / 7059 / 612
Quartile1st3rd3rd3rd2nd1st
Calendar performance
 YTD - 20172016201520142013
Fund3.1%13.4%5.1%6.7%22.4%
Sector3.1%14.3%2.2%5.7%13.1%
Rank within sector588 / 893515 / 79477 / 747146 / 68915 / 662
Quartile3rd3rd1st1st1st
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.
0.57
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.
0.95
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.
0.61
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%.
7.44
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.
3.23
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.
0.05
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.
0.81
Price movement
52 week high346.3
52 week low291.2
Current bid price-
Current offer price-
Current mid price343.7
Region
1UK78.6%
2International10.6%
3Europe ex UK10.2%
4Money Market0.6%
Industry sector
1Equities84%
2Fixed Interest15.4%
3Money Market0.6%
Asset type
1UK Equities63.2%
2UK Fixed Interest15.4%
3International Equities10.6%
4Europe ex UK Equities10.2%
5Money Market0.6%
Individual holdings
1THREADNEEDLE MONTHLY EXTRA INCOME FUND19.5%
2THREADNEEDLE UK EQUITY ALPHA INCOME FUND15.6%
3THREADNEEDLE UK MONTHLY INCOME FUND14.1%
4THREADNEEDLE UK EQUITY INCOME FUND13.9%
5THREADNEEDLE GLOBAL EQUITY INCOME FUND10.6%
6THREADNEEDLE UK CORPORATE BOND FUND10.6%
7THREADNEEDLE PAN EUROPEAN EQUITY DIVIDEND FUND10.2%
8THREADNEEDLE HIGH YIELD BOND RET INC GBP4.8%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
To provide a growing income with potential for capital growth. The Fund will invest at least two-thirds of its assets in funds managed or operated by companies in the Threadneedle group. These funds may invest worldwide. The Fund will invest at least two-thirds of its assets in funds that invest in company shares, but will also have some exposure to fixed income securities. The Fund may also hold cash, near cash and money market instruments. Up to 20% of the value of the Fund may be invested in funds that invest in derivatives for purposes other than Efficient Portfolio Management.
Benchmark
  • No Specified Index
Investment style
Aggressive
Investment method
None
Fund managers
NameSinceBiography
Richard Colwell01/01/2010Richard Colwell is a portfolio manager and Head of UK Equities at Columbia Threadneedle. He manages the Threadneedle UK Growth & Income Fund, Threadneedle UK Equity Income Fund and the Threadneedle UK Equity Alpha Income Fund. He also co-manages the Threadneedle Monthly Extra Income Fund and has research responsibility across all sectors.Before joining the company, Richard ran high alpha UK equity portfolios at Aviva Investors. He has also held portfolio management roles at Credit Suisse and Schroders and worked at the Bank of England.Richard has a degree in Banking, Insurance & Finance from the University of Bangor. He holds the Chartered Financial Analyst designation and is a member of the CFA Society of the UK as well as the Chartered Institute of Bankers.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Managed Income Pn EP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.17%
Bid price-
Offer price-
Mid price343.7
CurrencyGBX
Price updated24/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeEB63
Zurich Managed Income 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 price280.6
Offer price280.6
Mid price-
CurrencyGBX
Price updated24/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ229
Data provided by

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