Fact sheet: Clerical Medical Corp Bond Pn

Fund information
Fund name
Clerical Medical Corporate Bond Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Roger Webbsince 30/11/2009
  • Pan European Credit Teamsince 07/09/2014
No data available.
Fund objective
The fund aims to provide an above average income from a diversified portfolio of interest bearing securities.
Benchmark
  • Income Target
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
5.5%
1 Year rank in sector
205/260
Sector
PN Sterling Corporate Bond
Yield
-
Fund size
£10m (£11m 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.
36
Bid price
164.3
Offer price
172.9
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn14.3%
FL TEActv Bln Bd IE12.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn12.1%
L&G PMC AAAAAA CpBd Ov15Y Id Pn12%
AEGON Long Core Plus Pn11.7%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • BBB50.3%
    A22.3%
    Non-Rated11.5%
    BB9.3%
    AA4.8%
  • UK Fixed Interest57.4%
    Global Fixed Interest39.4%
    Money Market3.1%
    Futures0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.4%-5.4%2.8%5.5%17.8%38.1%
Sector-1.3%-4.7%2.5%6.8%19%38.6%
Rank within sector186 / 265212 / 26594 / 265205 / 260149 / 235122 / 210
Quartile3rd4th2nd4th3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund7.5%0.4%9.3%2.1%13.8%
Sector7.7%0.2%10.5%1%13.5%
Rank within sector147 / 260128 / 246170 / 23573 / 226106 / 210
Quartile3rd3rd3rd2nd3rd
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.
-0.29
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.
0.99
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.
0.34
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%.
5.4
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.
1.2
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.
-0.3
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.
0.95
Price movement
52 week high173.8
52 week low150.1
Current bid price164.3
Current offer price172.9
Current mid price-
Region
No data available.
Industry sector
1BBB50.32%
2A22.32%
3Non-Rated11.46%
4BB9.33%
5AA4.78%
6AAA1.78%
Asset type
1UK Fixed Interest57.38%
2Global Fixed Interest39.35%
3Money Market3.14%
4Futures0.13%
Individual holdings
1ICE LONG GILT DEC16 FUTURE (EXP 28/12/16)7.97%
2HSBC HLDGS CALL SUB 6.375%/FLTG RT NTS 18/10/22 GBP1.6%
3HSBC CAP FUNDING(STERLING 1)LP 5.844% EUR MED TRM NTS PERP GBP10001.3%
4AXA SA 5.453% PERP (1.25%
5BHP BILLITON FINANCE 3.25% BDS 25/09/24 GBP10001.24%
6RWE FINANCE BV 6.5% EUR MED TM NTS 20/4/2021 GBP10001.16%
7VERIZON COMMUNICATIONS INC 4.75% MTN 17/02/34 GBP1000001.16%
8BARCLAYS BANK PLC 10.00 21/05/21 (GBP)1.15%
9LLOYDS BANK PLC 6.5% NTS 17/09/40 GBP10001.11%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
The fund aims to provide an above average income from a diversified portfolio of interest bearing securities.
Benchmark
  • Income Target
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Roger Webb30/11/2009He joined in Investment Industry in 1992. His Main Responsibilities is Managing a number of funds for insurance, pension and unit trust clients. Roger manages a variety of corporate bond funds. Roger joined the fixed income team in January 1996 after spending four years in bond fund management with Norwich Union's Spanish operation, Plus Ultra, where he was responsible for both credit and government bond funds. On his return to the UK he spent 12 months managing gilt portfolios before moving to the corporate bond team in 1997. His earlier experience included working in Norwich Union Investment Management Ltd's venture capital operation. Roger has successfully completed the associate examinations of the UKSIP.Roger has been with Swip since November 2009.
Pan European Credit Team07/09/2014
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Clerical Medical Corporate Bond Pension
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price164.3
Offer price172.9
Mid price-
CurrencyGBX
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeDNM3
Data provided by

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