Fact sheet: Zurich ThrdnedleUKCorpBdPn

Fund information
Fund name
Zurich Threadneedle UK Corporate Bond Pn CS1
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Alasdair Rosssince 31/05/2015
Underlying fund
Threadneedle UKCorpBd
Fund objective
The investment objective of the fund is to achieve a high level of income. The investment policy is to invest primarily in fixed interest investments in the UK and Continental Europe.
Benchmark
  • IBOXX UK Sterling Non-Gilts All Maturities GBP
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.6%
1 Year rank in sector
45/259
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£22m (£21m 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.
31
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OMW IPL L&G AAA CrpBdOv15YIx Pn11.3%
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...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • UK94.8%
    Money Market5.2%
  • Investment Grade Bonds67%
    Mortgage & Secured Bonds15.6%
    High Yield Bond9.5%
    Government Bonds4.7%
    Money Market1.8%
  • UK Corporate Fixed Interest94.8%
    Money Market5.2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.1%-4.3%3.1%7.6%20.6%-
Sector-1.4%-5.1%3.2%6.5%18.1%39.4%
Rank within sector95 / 26478 / 264136 / 26445 / 25962 / 234-
Quartile2nd2nd3rd1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.3%1.4%10.4%2.1%-
Sector7.4%0.2%10.5%1%13.5%
Rank within sector73 / 25934 / 245131 / 23474 / 225-
Quartile2nd1st3rd2nd
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.
1.05
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.
0.94
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.
0.6
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%.
5.04
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.
0.81
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.
0.87
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.
0.98
Price movement
52 week high712.6
52 week low619.8
Current bid price-
Current offer price-
Current mid price680
Region
1UK94.8%
2Money Market5.2%
Industry sector
1Investment Grade Bonds67%
2Mortgage & Secured Bonds15.6%
3High Yield Bond9.5%
4Government Bonds4.7%
5Money Market1.8%
6Fixed Interest0.7%
7Government Agency Bonds0.7%
Asset type
1UK Corporate Fixed Interest94.8%
2Money Market5.2%
Individual holdings
1TREASURY 3.25% GILT 22/01/44 GBP0.012.3%
2PENNON GROUP PLC 6.75% PERP1.3%
3TREASURY 2.25% GILT 07/09/23 GBP1.3%
4FIRST HYDRO FINANCE 9% GTD SEC BDS 31/7/2021 GBP(REGD)1.1%
5BUPA FINANCE PLC 5% NTS 25/04/23 GBP1000001%
6NGG FINANCE 5.625% RESET CAP SEC 18/06/73 GBP1000001%
7ANHEUSER-BUSCH INBEV SA/NV 4% NTS 24/09/25 GBP1000000.9%
8BANK OF AMERICA CORP 6.13% 15/09/20210.9%
9CLYDESDALE BANK 4.625% REG CVD BDS 08/06/26 GBP1000000.9%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The investment objective of the fund is to achieve a high level of income. The investment policy is to invest primarily in fixed interest investments in the UK and Continental Europe.
Benchmark
  • IBOXX UK Sterling Non-Gilts All Maturities GBP
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Alasdair Ross31/05/2015Alasdair Ross is an investment grade credit portfolio manager within the Fixed Income Team at Columbia Threadneedle Investments. In the absolute return space he is the co-manager on the Threadneedle Credit Opportunities Fund and has responsibility for the investment grade book on the Threadneedle Global Opportunities Fund. In the long-only space he manages the Threadneedle Pensions Corporate Bond Fund, the Threadneedle European Corporate Bond Fund and is deputy manager of the Threadneedle European Bond Fund. He is also the investment grade representative on the Fixed Income Asset Allocation Team. Mr. Ross’ investment background is as a relative value focused, bottom-up investment grade credit analyst. Between joining the company in 2003 and becoming a portfolio manager in 2007, he had responsibility for covering the TMT, utility and energy sectors, as well as the sterling whole business securitization sector. Prior to joining the company, Mr. Ross worked at BP plc in a rotation of commercial roles. Mr. Ross received a first class honours degree in politics, philosophy and economics from Oxford University. He also holds the Chartered Financial Analyst designation.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Threadneedle UK Corporate Bond Pn AP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price228.4
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeA772
Zurich Threadneedle UK Corporate Bond Pn CS1
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 price680
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG16S
Zurich Threadneedle UK Corporate Bond Pn CSW
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 price479
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeND5H
Zurich Threadneedle UK Corporate Bond Pn EP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.05%
Bid price-
Offer price-
Mid price286.3
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeEB47
Zurich Threadneedle UK 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 price187.9
Offer price187.9
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ279
Zurich Threadneedle UK Corporate Bond Pn ZP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price216.4
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL31
Data provided by

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