Morningstar Fund Report  | 25/04/2025Print

Zurich Managed Capital AP Pension Fund

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Zurich Managed Capital AP Pension Fund
Fund9.2-11.25.35.2-1.8
+/-Sector-1.5-1.5-3.0-2.7-1.2
 
Sector: Mixed Investment 40%-85% Shares (Pen)
Key Stats
NAV
24/04/2025		 GBX 2829.90
Day Change -0.10%
ABI Sector Mixed Investment 40%-85% Shares (Pen)
ISIN GB0004062005
Fund Size (Mil)
-		 -
Share Class Size (Mil)
-		 -
Stakeholder No
Investment Objective: Zurich Managed Capital AP Pension Fund
To achieve medium to 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 Zurich Assurance Ltd Pension funds with the balance invested in gilts, deposits, money market instruments and other fixed interest investments to provide liquidity, security and income.
Returns
Trailing Returns (GBP)24/04/2025
YTD-3.82
3 Years Annualised-0.30
5 Years Annualised3.45
10 Years Annualised1.79
12 Month Yield -
Management
Manager Name
Start Date
-
-
Inception Date
13/01/1984

Category Benchmark
Fund BenchmarkMorningstar Benchmark
-Morningstar UK Cau Tgt Alloc NR GBP
Portfolio Profile for  Zurich Managed Capital AP Pension Fund31/03/2025
Morningstar Style Box®
Equity Style
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock64.420.0064.42
Bond10.880.1110.77
Property10.890.0010.89
Cash2.911.980.93
Other13.000.0112.99
Fixed Income
Effective Maturity-
Effective Duration-
Top 5 Regions%
United Kingdom38.80
United States23.00
Eurozone11.07
Japan10.20
Asia - Emerging5.47
Top 5 Sectors%
Financial Services18.10
Industrials16.68
Technology14.74
Consumer Cyclical10.43
Healthcare10.23
Top 5 HoldingsSector%
Undrly Zurich UK Equity Pen17.92
Undrly Zurich US Equity Pen12.48
ZP PEN PROPERTY 0010.89
Undrly Zurich European Equity Pen7.75
Zp Active Gilts7.16
Increase Decrease New since last portfolio
Zurich Managed Capital AP Pension Fund
Growth Of 1000 (GBP) 31/03/2025
Fund:  Zurich Managed Capital AP Pension Fund
Category:  GBP Allocation 0-20% Equity
Category Index:  Morningstar UK Cau Tgt Alloc NR GBP
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-8.1112.31-0.239.16-11.215.275.19-1.78
+/- Category-5.293.80-4.026.74-0.94-1.971.61-2.46
+/- Category Index---5.809.462.04-0.701.72-2.41
% Rank in Category9630961751873593
Trailing Returns (GBP)24/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-0.10   -0.13-0.52
1 Week1.27   0.680.68
1 Month-3.50   -2.96-3.92
3 Months-6.25   -5.77-6.77
6 Months-3.69   -3.67-4.61
YTD-3.82   -4.07-4.72
1 Year-1.25   -5.32-6.63
3 Years Annualised-0.30   -2.19-1.39
5 Years Annualised3.45   1.463.61
10 Years Annualised1.79   -0.410.12
 
Category: GBP Allocation 0-20% Equity
Category Index: Morningstar UK Cau Tgt Alloc NR GBP
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.78---
20243.391.50-0.280.52
20231.78-0.330.193.56
2022-2.58-6.89-3.211.12
20211.974.080.891.94
2020-15.539.99-0.377.78
 
 
 
Morningstar Rating™(Relative to ABI Sector)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
ABI Sector :  Mixed Investment 40%-85% Shares (Pen)  
Volatility Measurements31/03/2025
 
3-Yr Std Dev7.50 %
3-Yr Mean Return-0.02 %
 
3-Yr Sharpe Ratio-0.54
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar UK Cau Tgt Alloc NR GBP  Morningstar UK Mod Adv Tgt Alloc NR GBP
3-Yr Beta0.600.83
3-Yr Alpha-5.68-5.25
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)GBP 33903-
Market Capitalisation% of Equity
Giant41.58
Large28.52
Medium19.55
Small7.70
Micro2.65
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings14.060.87
Price/Book1.950.80
Price/Sales1.300.74
Price/Cash Flow8.500.80
Dividend-Yield Factor2.891.19
 
Long-Term Projected Earnings Growth9.680.96
Historical Earnings Growth2.880.42
Sales Growth6.012.52
Cash-Flow Growth5.031.95
Book-Value Growth5.621.07
 
Category: GBP Allocation 0-20% Equity
Fixed Income Style-
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)GBP 7877
Maturity Distribution %
1 to 318.11
3 to 517.73
5 to 714.70
7 to 1014.24
10 to 1510.16
15 to 207.97
20 to 308.76
Over 302.63
Effective Maturity-
Effective Duration-
Credit Quality Breakdown %     %
AAA -   BB-
AA-   B-
A-   Below B-
BBB-   Not Rated-
 
Category: GBP Allocation 0-20% Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock64.420.0064.42
Bond10.880.1110.77
Property10.890.0010.89
Cash2.911.980.93
Other13.000.0112.99
World Regions31/03/2025
 % of EquityRelative to Category
United States23.000.44
Canada0.140.09
Latin America1.271.52
United Kingdom38.801.67
Eurozone11.071.30
Europe - ex Euro4.441.12
Europe - Emerging0.201.19
Africa0.191.39
Middle East0.381.39
Japan10.202.51
Australasia1.082.12
Asia - Developed3.751.79
Asia - Emerging5.472.24
 
Category: GBP Allocation 0-20% Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials4.931.48
Consumer CyclicalConsumer Cyclical10.431.20
Financial ServicesFinancial Services18.100.87
Real EstateReal Estate1.970.97
Consumer DefensiveConsumer Defensive8.511.07
HealthcareHealthcare10.230.97
UtilitiesUtilities2.240.60
Communication ServicesCommunication Services7.401.07
EnergyEnergy4.761.29
IndustrialsIndustrials16.681.34
TechnologyTechnology14.740.74
 
Category: GBP Allocation 0-20% Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings0
Assets in Top 10 Holdings79.98
NameSectorCountry% of Assets
Undrly Zurich UK Equity PenUnited Kingdom17.92
Undrly Zurich US Equity PenUnited Kingdom12.48
ZP PEN PROPERTY 00-10.89
Undrly Zurich European Equity PenUnited Kingdom7.75
Zp Active Gilts-7.16
Undrly Zurich Japan Equity PenUnited Kingdom6.49
Undrly Zurich Managed UK Fxd intrst PenUnited Kingdom5.37
Undrly Zurich Pass Uk Equity PenUnited Kingdom4.78
Undrly Zurich Mngd Overseas Fxd Int PenUnited Kingdom3.58
Undrly Zurich UK Small Companies PenUnited Kingdom3.55
 
Increase Decrease New since last portfolio
Category: GBP Allocation 0-20% Equity
 
Management
Name of CompanyZurich
Phone0870 010 4418
Websitewww.zurich.co.uk/
AddressThe Grange
 -   -
 United Kingdom
DomicileUnited Kingdom
Legal StructureOpen Ended Investment Company
Inception Date13/01/1984
Fund Advisor(s)
-
Fees and Expenses
Annual Charges
Max Annual Management Charge1.00%
Ongoing Charge
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsNo