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 08/09/2014
No data available.
Fund objective
The fund aims to provide an above average income from a diversified portfolio of interest bearing securities.
  • Income Target
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
1 Year rank in sector
PN Sterling Corporate Bond
Fund size
£11m (£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.
Bid price
Offer price
Top in this sector
Fund name1 Year
MetLife Fid Corp Bd 20yr Pn23.7%
L&G PMC AAAAAA CpBd Ov15Y Id Pn22.3%
BlackRock DC AqOv 15 YCrp BdIx HP20.9%
OMW IPL L&G AAA CrpBdOv15YIx Pn20.9%
AEGON Long Core Plus Pn19%
...more in PN Sterling Corporate Bond

Performance snapshot

Holdings snapshot

  • No data available.
  • BBB52.2%
  • UK Fixed Interest59.9%
    Global Fixed Interest38.9%
    Money Market1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Rank within sector202 / 26676 / 266113 / 265143 / 260152 / 234125 / 203
Calendar performance
 YTD - 20162015201420132012
Rank within sector157 / 261128 / 246170 / 23572 / 225105 / 209
Risk statistics
?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.
?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.
?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.
?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%.
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.
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.
?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.
Price movement
52 week high173.8
52 week low150.1
Current bid price167.1
Current offer price175.9
Current mid price-
No data available.
Industry sector
Asset type
1UK Fixed Interest59.88%
2Global Fixed Interest38.87%
3Money Market1.06%
Individual holdings
1ICE LONG GILT SEP16 FUTURE (EXP 28/09/16)8.18%
2HSBC HLDGS CALL SUB 6.375%/FLTG RT NTS 18/10/22 GBP1.64%
3TREASURY 4.5% GILT 7/9/2034 GBP0.011.42%
5BHP BILLITON FINANCE 3.25% BDS 25/09/24 GBP10001.24%
6AXA SA 5.453% PERP (1.19%
7RWE FINANCE BV 6.5% EUR MED TM NTS 20/4/2021 GBP10001.15%
8BARCLAYS BANK PLC 10% SUB NTS 21/05/21 GBP500001.14%
9LLOYDS BANK PLC 6.5% NTS 17/09/40 GBP10001.1%
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.
  • Income Target
Investment style
No data available.
Investment method
No data available.
Fund managers
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 Team08/09/2014
No data available.
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 price167.1
Offer price175.9
Mid price-
Price updated20/10/2016
Institutional or retail classRetail
Citi codeDNM3
Data provided by

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