Fact sheet: Zurich UK Pref & Fxd Int Pn

Fund information
Fund name
Zurich UK Preference & Fixed Interest Pn CS1
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund managers
  • Myles Bradshawsince 01/01/1991
  • David Oliphantsince 01/01/1991
No data available.
Fund objective
This fund should achieve a balance between maximizing investment returns and achieving capital security. The core investment holding will predominantly be in British Government securities. Other Sterling fixed interest securities, including preference shares and index linked bonds, may also be held. The fund is managed by Threadneedle Asset Management.
Benchmark
  • 7 Day LIBID
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
7.9%
1 Year rank in sector
60/175
Sector
PN Sterling Fixed Interest
Yield
-
Fund size
£27m (£33m 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.
49
Top in this sector
Fund name1 Year
OMW IPL F&C Real Dynamic LDI Pn41.3%
OMW IPL F&C Sht Pr Rl Dn LDI Pn39.5%
OMW IPL F&C Nominal Dyn LDI Pn33%
OMW IPL LGIM 2055IdxLkdGltPn24.3%
OMW IPL LGIMOvr15Yr I LGltPn22.9%
...more in PN Sterling Fixed Interest

Performance snapshot

Holdings snapshot

  • UK98.2%
    Money Market1.8%
  • Government Bonds94.3%
    Asset/Mortgage-Backed Securities2.7%
    Corporate Bonds1.5%
    Money Market1.5%
  • UK Fixed Interest98.2%
    Money Market1.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-6%2.3%7.9%22.8%-
Sector-2.3%-6.6%4.6%9.3%23.9%33.7%
Rank within sector38 / 17866 / 17966 / 17760 / 17545 / 142-
Quartile1st2nd2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund8.9%0.6%12.6%-2.6%-
Sector10.5%-1.2%13.9%-1.7%6.6%
Rank within sector56 / 17532 / 15358 / 14275 / 136-
Quartile2nd1st2nd3rd
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.
0.43
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.
0.89
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.
0.5
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%.
6.73
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.
1.78
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.
-0.2
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.
0.94
Price movement
52 week high667.5
52 week low570.2
Current bid price-
Current offer price-
Current mid price620.9
Region
1UK98.2%
2Money Market1.8%
Industry sector
1Government Bonds94.3%
2Asset/Mortgage-Backed Securities2.7%
3Corporate Bonds1.5%
4Money Market1.5%
Asset type
1UK Fixed Interest98.2%
2Money Market1.8%
Individual holdings
1TREASURY 1% GILT 07/09/17 GBP0.017.59%
2TREASURY 3.5% GILT 22/01/45 GBP5.85%
3TREASURY 4.75% GILT 07/12/30 GBP5.29%
4TREASURY 3.25% GILT 22/01/44 GBP0.014.9%
5TREASURY 1.5 GILT 22/01/21 GBP0.014.53%
6TREASURY 1.5% GILT 22/07/26 GBP0.014.49%
7TREASURY 1.75% GILT 07/09/22 GBP0.014.14%
8TREASURY 4.5% GILT 7/9/2034 GBP0.013.9%
9TREASURY 3.5% GILT 22/07/68 GBP0.013.8%
Management
Fund manager group
Zurich
Fund manager company
Zurich Assurance Ltd
Fund type
Pension Fund
Fund objective
This fund should achieve a balance between maximizing investment returns and achieving capital security. The core investment holding will predominantly be in British Government securities. Other Sterling fixed interest securities, including preference shares and index linked bonds, may also be held. The fund is managed by Threadneedle Asset Management.
Benchmark
  • 7 Day LIBID
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Myles Bradshaw01/01/1991Myles Bradshaw joined Threadneedle in January 2001 as a Fixed Income Fund Manager and is responsible for the global bond portfolios and manages all stock gilt portfolios. Also, as a member of the Government Bond team, he helps set fixed income's interest rate strategy.Myles started his career with HM Treasury as an economist before joining Prudential Portfolio Managers as an investment analyst. He graduated from Oxford University with a BA (Hons) in Philosophy, Politics and Economics. Myles is also an associate member of the UK Society of Investment Professionals (UKSIP) and a member of the Chartered Financial Analyst Institute.
David Oliphant01/01/1991David began his career in 1989 with Eagle Star Investment Managers as a Sterling Bond analyst. He progressed to managing multi-currency portfolios for Eagle Star and then from 1994, for Thread needle Asset Management Limited. In 2003, David switched from Government Bonds to Head the Investment Grade Credit team. He is also the portfolio manager of the Thread needle UK Corporate Bond Fund, Thread needle US Dollar Bond Fund and co-manages the Thread needle Strategic Bond Fund. He graduated in 1988 with an honours degree in economics from the University of St Andrews. He holds the Chartered Financial Analyst designation and is also a member of the CFA Society of the UK.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Zurich UK Preference & Fixed Interest Pn 1 EP
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.01%
Bid price529.5
Offer price557.4
Mid price-
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeES80
Zurich UK Preference & Fixed Interest Pn 2 EP
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.01%
Bid price-
Offer price-
Mid price417.3
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeEA63
Zurich UK Preference & Fixed Interest 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 price620.9
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG16U
Zurich UK Preference & Fixed Interest 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 price468
CurrencyGBX
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeND5J
Zurich UK Preference & Fixed Interest 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 price340.8
Offer price340.8
Mid price-
CurrencyGBX
Price updated05/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeZ223
Data provided by

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