Morningstar Fund Report  | 25/04/2025Print

Zurich Managed 1% AP Pension Fund

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Zurich Managed 1% AP Pension Fund
Fund12.8-8.38.78.7-1.0
+/-Sector2.11.50.50.8-0.4
 
Sector: Mixed Investment 40%-85% Shares (Pen)
Key Stats
NAV
24/04/2025		 GBX 644.80
Day Change -0.09%
ABI Sector Mixed Investment 40%-85% Shares (Pen)
ISIN GB0000359942
Fund Size (Mil)
-		 -
Share Class Size (Mil)
-		 -
Stakeholder No
*  This rating and report were issued for the underlying fund and not the insurance product. Fees of insurance products may be higher, which can negatively impact returns. Insurance products may also hold cash outside the underlying fund, which can strongly affect performance.
Investment Objective: Zurich Managed 1% AP Pension Fund
To achieve long term capital growth by investing in a spread of investments both by asset type and by economy (primarily the UK but also globally). The equity and property elements of the fund are invested via other Zurich Assurance Ltd Life funds with the balance invested in gilts, deposits, money market instruments and other fixed interest investments to provide high liquidity, security and income.
Returns
Trailing Returns (GBP)24/04/2025
YTD-2.85
3 Years Annualised2.99
5 Years Annualised6.87
10 Years Annualised5.15
12 Month Yield -
Management
Manager Name
Start Date
-
-
Inception Date
31/12/1994

Category Benchmark
Fund BenchmarkMorningstar Benchmark
-Morningstar UK Mod Tgt Alloc NR GBP
Portfolio Profile for  Zurich Managed 1% AP Pension Fund31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock64.570.0064.57
Bond10.810.1110.71
Property0.000.000.00
Cash4.012.091.93
Other22.800.0122.80
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United Kingdom39.03
United States22.80
Eurozone11.17
Japan10.09
Asia - Emerging5.54
Top 5 Sectors%
Financial Services18.59
Industrials17.11
Technology14.68
Consumer Cyclical10.84
Healthcare10.04
Top 5 HoldingsSector%
Undrly Zurich Al Eq USA sub12.47
Undrly Zurich AL Eq UK sub12.36
Zurich Assurnce Lt10.77
CT UK Institutional X Ins Grs Ac... 9.48
Undrly Zurich AL Eq Europe sub7.80
Increase Decrease New since last portfolio
Zurich Managed 1% AP Pension Fund
Growth Of 1000 (GBP) 31/03/2025
Fund:  Zurich Managed 1% AP Pension Fund
Category:  GBP Allocation 40-60% Equity
Category Index:  Morningstar UK Mod Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-5.0616.033.0612.76-8.288.738.70-0.99
+/- Category0.423.62-1.034.702.181.191.96-0.85
+/- Category Index---2.234.770.98-0.540.14-0.89
% Rank in Category4254422627992
Trailing Returns (GBP)24/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.09   -0.43-0.68
1 Week1.34   0.28-0.05
1 Month-3.23   -1.04-1.20
3 Months-5.50   -2.01-2.26
6 Months-2.13   -0.54-1.67
YTD-2.85   -1.33-1.63
1 Year2.01   -1.23-2.69
3 Years Annualised2.99   0.88-1.01
5 Years Annualised6.87   2.201.68
10 Years Annualised5.15   1.940.50
 
Category: GBP Allocation 40-60% Equity
Category Index: Morningstar UK Mod Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.99---
20244.232.330.571.34
20232.620.491.004.39
2022-1.78-6.14-2.411.94
20212.784.951.722.77
2020-14.8410.880.448.67
 
 
 
Morningstar Rating™(Relative to ABI Sector)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAverageBelow Average3 star
10-YearAbove AverageBelow Average4 star
OverallAbove AverageBelow Average4 star
 
ABI Sector :  Mixed Investment 40%-85% Shares (Pen)  
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.50 %
3-Yr Mean Return3.28 %
 
3-Yr Sharpe Ratio-0.10
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Mod Tgt Alloc NR GBP  Morningstar UK Mod Adv Tgt Alloc NR GBP
3-Yr Beta0.600.83
3-Yr Alpha-2.43-2.00
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 33933-
Market Capitalisation% of Equity
Giant41.54
Large28.58
Medium19.88
Small7.79
Micro2.22
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.310.89
Price/Book1.990.81
Price/Sales1.340.73
Price/Cash Flow8.610.80
Dividend-Yield Factor2.851.15
 
Long-Term Projected Earnings Growth9.671.02
Historical Earnings Growth3.240.54
Sales Growth5.980.99
Cash-Flow Growth5.700.28
Book-Value Growth5.662.54
 
Category: GBP Allocation 40-60% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 2458
Maturity Distribution %
1 to 317.17
3 to 518.75
5 to 714.70
7 to 1014.06
10 to 1510.41
15 to 208.08
20 to 308.69
Over 302.74
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 40-60% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock64.570.0064.57
Bond10.810.1110.71
Property0.000.000.00
Cash4.012.091.93
Other22.800.0122.80
World Regions31/03/2025
 % of EquityRelative to Category
United States22.800.43
Canada0.140.14
Latin America1.211.90
United Kingdom39.031.94
Eurozone11.171.50
Europe - ex Euro4.361.35
Europe - Emerging0.201.13
Africa0.190.96
Middle East0.381.05
Japan10.091.79
Australasia1.081.30
Asia - Developed3.821.26
Asia - Emerging5.541.49
 
Category: GBP Allocation 40-60% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.671.45
Consumer CyclicalConsumer Cyclical10.841.09
Financial ServicesFinancial Services18.591.02
Real EstateReal Estate2.000.46
Consumer DefensiveConsumer Defensive8.281.13
HealthcareHealthcare10.040.91
UtilitiesUtilities1.930.59
Communication ServicesCommunication Services7.411.10
EnergyEnergy4.431.04
IndustrialsIndustrials17.111.42
TechnologyTechnology14.680.75
 
Category: GBP Allocation 40-60% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings0
Assets in Top 10 Holdings78.36
NameSectorCountry% of Assets
Undrly Zurich Al Eq USA subUnited Kingdom12.47
Undrly Zurich AL Eq UK subUnited Kingdom12.36
Zurich Assurnce LtUnited Kingdom10.77
CT UK Institutional X Ins Grs Acc GBPUnited Kingdom9.48
Undrly Zurich AL Eq Europe subUnited Kingdom7.80
Zl Active Gilts-7.12
Undrly Zurich AL Eq Japan subUnited Kingdom6.46
Undrly Zurich AL Man UK Fixed Int subUnited Kingdom5.35
Undrly Zurich AL Man Oversea Fix Int subUnited Kingdom3.55
Undrly Zurich Pass Em Mkt Eq LifeUnited Kingdom2.99
 
Increase Decrease New since last portfolio
Category: GBP Allocation 40-60% Equity
 
Management
Name of CompanyZurich (ex Allied Dunbar)
Phone0870 010 4418
WebsiteZurichassurance.co.uk
AddressThe Grarge
 -   GL52 8XX
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
Inception Date31/12/1994
Fund Advisor(s)
-
Fees and Expenses
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo