Fact sheet: Clerical Medical Halifax Pension

Fund information
Fund name
Clerical Medical Halifax Pension
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund managers
  • Money Markets Teamsince 21/09/2014
  • Andrew Dickinsonsince 21/09/2014
No data available.
Fund objective
The fund invests in deposits within the Lloyds Banking Group. The rate of return varies in line with changes in interest rates which, together with the annual management charge, is reflected in the unit price. If interest rates fall below the level of the annual management charge the unit price will fall. The unit price will also fall if the bank holding the deposits becomes insolvent.
Benchmark
  • LIBID GBP 7 Day
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
-0.4%
1 Year rank in sector
208/241
Sector
PN Money Market
Yield
-
Fund size
£45m (£48m 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.
1
Bid price
142.9
Offer price
150.4
Top in this sector
Fund name1 Year
Zurich BlackRock EurLiq Fst Pn16.5%
ReAssure HL FxIntPn Stf Pn9.8%
ReAssure HL FxIntPnStf LS Pn9.8%
Phoenix Fixed Int Individual Pn6.6%
Phoenix Prop Old Bldg Society Pn4.9%
...more in PN Money Market

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund---0.1%-0.4%-1.9%-2.8%
Sector-0.1%-0.1%0.3%0.5%1%1.5%
Rank within sector58 / 24988 / 246167 / 247208 / 241205 / 226189 / 213
Quartile1st2nd3rd4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund-0.3%-0.8%-0.7%-0.5%-0.5%
Sector0.5%0%0.4%0.2%0.3%
Rank within sector204 / 242209 / 229205 / 226191 / 220189 / 213
Quartile4th4th4th4th4th
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.
-0.62
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
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.
-
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%.
0.11
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.
0.28
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.
-3.4
Price movement
52 week high143.5
52 week low142.9
Current bid price142.9
Current offer price150.4
Current mid price-
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
No data available.
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Invt Sols (inc
Fund type
Pension Fund
Fund objective
The fund invests in deposits within the Lloyds Banking Group. The rate of return varies in line with changes in interest rates which, together with the annual management charge, is reflected in the unit price. If interest rates fall below the level of the annual management charge the unit price will fall. The unit price will also fall if the bank holding the deposits becomes insolvent.
Benchmark
  • LIBID GBP 7 Day
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Money Markets Team21/09/2014
Andrew Dickinson21/09/2014Andrew Dickinson, Director, is Head of the Short Duration and Off-shore Cash Management teams. Andrew joined Credit Suisse in 1994 and worked in equities for the Private Bank in London, moving to fixed income management in Asset Management in 1996. Andrew's experience includes risk management and portfolio management of long duration and multi-currency portfolios, in addition to his current focus on the short end of the yield curve. Andrew earned a BA (Hons) in Economics and Information Technology from the University of Western England
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
Clerical Medical Halifax Pension
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price142.9
Offer price150.4
Mid price-
CurrencyGBX
Price updated06/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeCZ55
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.