Fact sheet: Zurich Schrdr UK Corp Bd

Fund information
Fund name
Zurich Schroder UK Corporate Bond ZP
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Teamsince 05/06/2008
  • Alix Stewartsince 05/06/2008
Underlying fund
Schroder UK Corporate Bond
Fund objective
The fund's investment objective is to provide a total return. At least 80% of the fund will be invested in bonds issued by UK companies or bonds that have been hedged back to Sterling. The central appeal of the corporate bond market is that bonds in this sector generally offer higher interest payments than those available on government bonds, creating the potential for higher returns over the longer term. Corporate bonds also tend to be less volatile than shares of companies. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • Bank of America Merrill Lynch Sterling Corporate & Collateralised
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
13.6%
1 Year rank in sector
-
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£0m (£0m 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.
41
Top in this sector
Fund name1 Year
BlackRock DC AqOv 15 YCrp BdIx HP17.2%
Aviva AT SF Corp Bd Pn15%
M&G PP All Stock Corporate Bond Pn14.9%
AEGON UK Long Corporate Bond Pn14.5%
L&G PMC AAAAAA CpBd Ov15Y Id Pn14.4%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK61.1%
    France7.8%
    USA7.3%
    Money Market5.8%
    Germany3.8%
  • Financials30.6%
    Industrials26%
    Mortgage & Secured Bonds18.5%
    Utilities17.2%
    Money Market5.8%
  • UK Fixed Interest61.1%
    French Fixed Interest7.8%
    US Fixed Interest7.3%
    Money Market5.8%
    German Fixed Interest3.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.9%3.1%-2.5%13.6%23.4%42.6%
Sector1.1%2.3%-2.6%9.9%19.4%37%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund1.4%11.6%-0.1%11.1%2.5%
Sector0.4%9.4%0.2%10.5%1%
Rank within sector-----
Quartile
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
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.
1.16
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.
0.49
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%.
6.27
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.
1.37
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.
0.61
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.
0.97
Price movement
52 week high883.5
52 week low752.6
Current bid price-
Current offer price-
Current mid price855.1
Region
1UK61.05%
2France7.83%
3USA7.29%
4Money Market5.81%
5Germany3.76%
6Netherlands2.74%
7Italy2.64%
8Denmark1.75%
9Spain1.21%
Industry sector
1Financials30.62%
2Industrials26.04%
3Mortgage & Secured Bonds18.55%
4Utilities17.17%
5Money Market5.81%
6Government Bonds1.06%
7Government Agency Bonds0.71%
8Derivatives0.04%
Asset type
1UK Fixed Interest61.05%
2French Fixed Interest7.83%
3US Fixed Interest7.29%
4Money Market5.81%
5German Fixed Interest3.76%
6Dutch Fixed Interest2.74%
7Italian Fixed Interest2.64%
8Danish Fixed Interest1.75%
9Spanish Fixed Interest1.21%
Individual holdings
1AT&T INC 7% BDS 30/04/40 GBP(VAR)1.63%
2DIGITAL STOUT HLDGS LLC 4.25% BDS 17/01/25 GBP1000001.48%
3NATIONAL GRID GAS FINANCE PLC 2.75% INST 22/09/46 GBP1000001.36%
4BANK OF SCOTLAND PLC 7.281% FXD/FLTG PERP GBP1000 SER`B`REG`S1.29%
5E.ON INTERNATIONAL FINANCE 6.75% MTN 27/01/39 GBP500001.27%
6ORANGE SA 5.375% BDS 22/11/50 GBP500001.27%
7EDF 5.5% BDS 17/10/41 GBP1000001.24%
8INTERCONTINENTAL HOTELS GROUP 3.875% NTS 28/11/22 GBP1000001.11%
9NATIONAL GRID GAS FINANCE PLC 2.625% INST 22/09/38 GBP1000001.09%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The fund's investment objective is to provide a total return. At least 80% of the fund will be invested in bonds issued by UK companies or bonds that have been hedged back to Sterling. The central appeal of the corporate bond market is that bonds in this sector generally offer higher interest payments than those available on government bonds, creating the potential for higher returns over the longer term. Corporate bonds also tend to be less volatile than shares of companies. Investments in bonds issued in a foreign currency will be hedged to reduce the effects of exchange rate fluctuations between that currency and the fund's base currency, pounds sterling. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives may be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The fund may use leverage and take indirect short positions.
Benchmark
  • Bank of America Merrill Lynch Sterling Corporate & Collateralised
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Team05/06/2008
Alix Stewart05/06/2008Alix Stewart joined Schroders in 2012 as a Credit Portfolio Manager. Prior to joining Schroders Alix worked for UBS Global Asset Management as Head of UK Fixed Interest and before that as fund manager of Global Corporate Bonds. She graduated from University of Leeds with a BSc (Hons) in Economic and Mathematics. Alix has 20 years’ investment experience.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Schroder UK Corporate Bond CS1
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.52%
Bid price-
Offer price-
Mid price734.4
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code061U
Zurich Schroder UK Corporate Bond ZP
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.47%
Bid price-
Offer price-
Mid price855.1
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGTR4
Zurich Schroder UK Corporate Bond 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 price817.1
Offer price817.1
Mid price-
CurrencyGBX
Price updated22/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGUB9
Data provided by

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