Fact sheet: CM Schroder Mthly Hi Inc Pn

Fund information
Fund name
CM Schroder Monthly High Income Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Michael Scottsince 31/07/2012
Underlying fund
Schroder Hi Yield Opps
Fund objective
To provide a high level of income, which is distributed monthly by investing in a diverse portfolio of bonds.
Benchmark
  • IA GBP High Yield
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
19.5%
1 Year rank in sector
10/56
Sector
PN Sterling High Yield
Yield
-
Fund size
£5m (£5m 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.
33
Bid price
252.6
Offer price
265.8
Top in this sector
Fund name1 Year
L&G High Income Pn24.6%
Aviva JPM Gbl HighYldBd Pn23.6%
SIP JPM Gbl Hi Yd Bd Pn23.4%
FL AXA Gbl High Inc EP22%
Royal London JPM Gbl Hi Yield Bd Pn21.9%
...more in PN Sterling High Yield

Performance snapshot

Holdings snapshot

  • UK29.6%
    USA12.5%
    Italy7.8%
    Money Market6.2%
    France6%
  • Industrials47.3%
    Financials31.9%
    Money Market6.2%
    Utilities5%
    Government Agency Bonds4.5%
  • UK Fixed Interest29.6%
    US Fixed Interest12.5%
    Italian Fixed Interest7.8%
    Money Market6.2%
    French Fixed Interest6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%4.4%5%19.5%23.5%53.5%
Sector0.7%3.6%3.2%16.3%16.4%41.8%
Rank within sector4 / 5816 / 588 / 5710 / 564 / 495 / 46
Quartile1st2nd1st1st1st1st
Calendar performance
 YTD - 20172016201520142013
Fund2.2%11.9%5.4%4.4%8.3%
Sector1.5%11.2%-0.1%4.4%6.8%
Rank within sector11 / 5820 / 562 / 5415 / 4918 / 49
Quartile1st2nd1st2nd2nd
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.
2.1
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
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.
0.81
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%.
4.76
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.
1.84
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.
1.12
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.
0.85
Price movement
52 week high254.1
52 week low212.7
Current bid price252.6
Current offer price265.8
Current mid price-
Region
1UK29.61%
2USA12.45%
3Italy7.85%
4Money Market6.23%
5France5.97%
6Luxembourg5.75%
7Germany4.93%
8Brazil4.26%
9Spain4.18%
Industry sector
1Industrials47.28%
2Financials31.94%
3Money Market6.23%
4Utilities4.99%
5Government Agency Bonds4.55%
6Mortgage & Secured Bonds2.71%
7Government Bonds2.4%
8Derivatives-0.1%
Asset type
1UK Fixed Interest29.61%
2US Fixed Interest12.45%
3Italian Fixed Interest7.85%
4Money Market6.23%
5French Fixed Interest5.97%
6Luxembourg Fixed Interest5.75%
7German Fixed Interest4.93%
8American Emerging Fixed Interest4.33%
9Brazilian Fixed Interest4.26%
Individual holdings
1ECUADOR(REPUBLIC OF) 10.75% BDS 28/03/22 USD10001.83%
2ALBA GROUP 8% BDS 15/05/18 EUR100000 REG S1.77%
3EVEREST ACQUISITION LLC/FIN INC 9.375% BDS 01/05/20 USD10001.75%
4N & W GLOBAL VENDING LTD 7% BDS 15/10/23 EUR100000 REG S1.62%
5NEW LOOK SENIOR ISSUER PLC 8% BDS 01/07/23 GBP1000001.47%
6GAZ CAPITAL SA 8.625% NOTE 28/04/34 USD1000 `REGS`1.4%
7GROUPAMA SA FXD/FLTG UNDATED SNR SUB NTS EUR1000001.37%
8GENERALI FINANCE BV 0% BDS 21/11/25 EUR1000001.36%
9EDF 5% UNDATED NTS EUR1000001.33%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
To provide a high level of income, which is distributed monthly by investing in a diverse portfolio of bonds.
Benchmark
  • IA GBP High Yield
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Michael Scott31/07/2012Michael Scott transferred to the European and UK credit desk as a Portfolio Manager in 2010. He initially joined Schroders in 2006 as a European Industrials credit analyst, covering investment grade and high yield issuers. Prior to this, Michael worked at Cazenove from 2005. Michael holds a BA (Hons) degree in geography from Oxford University, and is a CFA charter holder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
CM Schroder Monthly High Income Pension
Initial charge-
Annual charge1.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price252.6
Offer price265.8
Mid price-
CurrencyGBX
Price updated17/02/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeC665
CM Schroder Monthly High Income Pension 4
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price207.3
Offer price218.2
Mid price-
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMABY
CM Schroder Monthly High Income Pension 6
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price241.5
Offer price241.5
Mid price-
CurrencyGBX
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMABZ
Data provided by

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