Fact sheet: Canlife Schroder Inc Maxim Pn

Fund information
Fund name
Canlife Schroder Income Maximiser Pn PS4
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund managers
  • Thomas Seesince 01/04/2009
Underlying fund
Schroder Income Maximiser
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of UK companies. The fund has no bias to any particular industry or size of company. The fund invests in 'value' stocks – those whose share prices appear low relative to their long-term profit potential, and which are typically paying an attractive and growing dividend. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
12.7%
1 Year rank in sector
153/227
Sector
PN UK Equity Income
Yield
-
Fund size
£0m (£0m 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.
94
Bid price
187.5
Offer price
197.3
Top in this sector
Fund name1 Year
OMW IPLM&GGlLePn27.8%
OMW UBS UK Equity Income25.7%
OMW IPLBaGiUkEqFoPn23%
BlackRock DC UK Eq Opt Pn20.1%
OMW IPLBaGiUkEqCoPn20.1%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK84.7%
    USA13.2%
    Australia2.9%
    Money Market0.1%
    Not Specified-0.8%
  • Financials31.9%
    Consumer Services20.1%
    Health Care12.2%
    Oil & Gas9.8%
    Technology8.6%
  • UK Equities81.5%
    US Equities13.4%
    Money Market3.6%
    Australian Equities2.5%
    Alternative Investment Strategies-1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%0.5%5.2%12.7%17.6%67.6%
Sector-0.2%3.7%4.9%14.3%22.9%65%
Rank within sector140 / 229212 / 229103 / 227153 / 227177 / 20394 / 191
Quartile3rd4th2nd3rd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund0.9%20.1%-6.5%2.3%24.1%
Sector3.5%11.5%3.9%3.7%23.2%
Rank within sector199 / 22924 / 223206 / 218152 / 20394 / 195
Quartile4th1st4th3rd2nd
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.
-0.5
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.
0.92
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.
0.31
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%.
9.18
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.
4.36
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.
-0.25
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.
0.78
Price movement
52 week high191.6
52 week low153.2
Current bid price187.5
Current offer price197.3
Current mid price-
Region
1UK84.7%
2USA13.21%
3Australia2.87%
4Money Market0.05%
5Not Specified-0.82%
Industry sector
1Financials31.88%
2Consumer Services20.06%
3Health Care12.22%
4Oil & Gas9.75%
5Technology8.63%
6Basic Materials7.42%
7Utilities6.39%
8Telecommunications2.85%
9Industrials1.57%
Asset type
1UK Equities81.48%
2US Equities13.42%
3Money Market3.58%
4Australian Equities2.55%
5Alternative Investment Strategies-1.03%
Individual holdings
1HSBC HLDGS5.93%
2GLAXOSMITHKLINE5.69%
3BP5.38%
4AVIVA5.27%
5ROYAL BANK OF SCOTLAND GROUP PLC5.05%
6PEARSON4.92%
7BARCLAYS PLC4.4%
8ROYAL DUTCH SHELL4.37%
9CENTRICA PLC4.09%
Management
Fund manager group
Canada Life
Fund manager company
Canada Life Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of UK companies. The fund has no bias to any particular industry or size of company. The fund invests in 'value' stocks – those whose share prices appear low relative to their long-term profit potential, and which are typically paying an attractive and growing dividend. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Thomas See01/04/2009Thomas See, Head of Structured Fund Management, holds a BA Double First with Distinction and PhD in Engineering from Cambridge University. He has 22 years investment experience. His investment career commenced in 1988 upon joining Schroders within the Investment Banking division, working in structured investments, project financing, tax and property financing, until Schroders investment bank was sold to Citibank in 2000. He rejoined Schroder Investment Management in 2005 to build the open-ended structured funds business.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Canlife Schroder Income Maximiser Pn PS4
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.92%
Bid price187.5
Offer price197.3
Mid price-
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBBI5
Canlife Schroder Income Maximiser Pn PS5
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.91%
Total expense ratio (TER)0.92%
Bid price109.6
Offer price109.6
Mid price-
CurrencyGBX
Price updated24/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeM4SU
Data provided by

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