Fact sheet: Zurich ThrndlEuBdPn

Fund information
Fund name
Zurich Threadneedle European Bond Pn CS1
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Matthew Cobonsince 01/02/2016
Underlying fund
Threadneedle Europn Bd
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate) priced in a range of currencies and issued by governments and companies in Europe (including Eastern Europe), or companies that have significant operations there, or other bonds issued by governments and companies that are priced in Euros or other European currencies.
Benchmark
  • BofA Merrill Lynch Pan-Europe Broad Market Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.7%
1 Year rank in sector
69/132
Sector
PN Global Fixed Interest
Yield
-
Fund size
£3m (£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.
62
Top in this sector
Fund name1 Year
FL GM Overseas Bond Pension30.7%
OMW M&G Glbl Government Bond28.9%
Baillie Gifford Emerg Mrkts Bd Pn26.7%
Pru Intnl Bd Pn25.9%
M&G PP International Bond Pn25.7%
...more in PN Global Fixed Interest

Performance snapshot

Holdings snapshot

  • Europe90.4%
    Money Market9.6%
  • Government Bonds44.5%
    Money Market9.6%
    Utilities9%
    Banks6%
    Government Guaranteed4.6%
  • European Fixed Interest90.4%
    Money Market9.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-5.2%-3%8.1%17.7%19.3%-
Sector-3.3%-2.2%5.6%12.8%18.2%19.5%
Rank within sector83 / 14497 / 14265 / 14169 / 13263 / 110-
Quartile3rd3rd2nd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund17.3%-3.7%5.9%3.7%-
Sector12.7%-0.3%6.1%-3.6%3%
Rank within sector69 / 132108 / 12456 / 1107 / 105-
Quartile3rd4th3rd1st
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.
1.22
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.
0.33
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%.
8.43
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.
4.4
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.
0.12
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.
0.74
Price movement
52 week high709.7
52 week low557.9
Current bid price-
Current offer price-
Current mid price659.2
Region
1Europe90.4%
2Money Market9.6%
Industry sector
1Government Bonds44.5%
2Money Market9.6%
3Utilities9%
4Banks6%
5Government Guaranteed4.6%
6Mortgage & Secured Bonds3.7%
7Telecommunications3.3%
8Real Estate3.1%
9Basic Industries2.9%
Asset type
1European Fixed Interest90.4%
2Money Market9.6%
Individual holdings
1SPAIN(KINGDOM OF) 5.85% BDS 31/01/22 EUR10005.7%
2GOV OF GERMANY 0.10% 15/04/20265.4%
3FRANCE(GOVT OF) 2.5% NTS 25/05/30 EUR14.1%
4TREASURY 3.5% GILT 22/01/45 GBP3.6%
5SPAIN(KINGDOM OF) 1.95% BDS 30/04/26 EUR10002.5%
6HUNGARY 3.875% BDS 24/02/20 EUR10002.4%
7ITALY(REPUBLIC OF) 1.6% BDS 01/06/26 EUR10002.3%
8ITALY(REPUBLIC OF) 2.7% BDS 01/03/47 EUR10002.2%
9EXPORT-IMPORT BANK OF KOREA 2% BDS 30/04/20 EUR10001.9%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
The aim of the Fund is to provide income with the potential to grow the amount you invested. The Fund invests its assets in bonds (which are similar to a loan and pay a fixed or variable interest rate) priced in a range of currencies and issued by governments and companies in Europe (including Eastern Europe), or companies that have significant operations there, or other bonds issued by governments and companies that are priced in Euros or other European currencies.
Benchmark
  • BofA Merrill Lynch Pan-Europe Broad Market Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Matthew Cobon01/02/2016Matthew Cobon joined the company in 2011 and is currently Head of Interest Rates and Currency, EMEA. He is the lead portfolio manager of Threadneedle’s absolute return bond funds (Threadneedle Absolute Return Bond Fund and Threadneedle Target Return Fund). Matthew also sits on the firm-wide Asset Allocation committee and helps to manage an absolute return multi-asset fund in conjunction with the company’s Multi- Asset team. Matthew’s investment focus is formulating and managing a broad portfolio of developed market and emerging market currencies with a view to generating a liquid uncorrelated alpha stream. Before joining the company, Matthew spent four years at Aberdeen Asset Management where he held the role of Head of Currency. Matthew’s FX market experience spans 17 years and has also included roles at Deutsche Asset Management and Citigroup Global Markets. Matthew obtained an Economics degree from the University of Warwick in 1996.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich Threadneedle European 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 price659.2
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG16K
Zurich Threadneedle European 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 price499.6
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN9DE
Zurich Threadneedle European 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 price213.5
Offer price213.5
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ260
Zurich Threadneedle European 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)0.3%
Bid price-
Offer price-
Mid price238.9
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZL33
Data provided by

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