Fact sheet: LV= Scdr MM Dvrsty Inc Pn

Fund information
Fund name
LV= Schroder MM Diversity Income Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Marcus Brookessince 15/12/2010
  • Robin McDonaldsince 15/12/2010
Underlying fund
Schroder MM Diversity Income
Fund objective
The fund aims to provide a total return in excess of inflation, as measured by the UK Consumer Prices Index, over a market cycle, whilst also making an average 4% annual income payment over a 5 year rolling period. The fund invests in a diversified multi-asset portfolio of funds that invest in shares and bonds of companies worldwide, government bonds and other fixed income securities. The fund may also invest directly in shares, bonds and money market instruments and hold cash and foreign currency on deposit. The fund may gain exposure to alternative asset classes including real estate, commodities, hedge funds, structured products and private equity. Investments are selected after rigorous assessment of each underlying fund's portfolio, its fund manager's style and how investments are made over the economic cycle. The fund may invest in any economic sector. Derivatives may be used to reduce risk or manage the fund more efficiently.
Benchmark
  • Consumer Price Index (CPI)
Investment style
Balanced
Investment method
Equity, Fixed Interest
Quick stats
1 Year return
7.3%
1 Year rank in sector
298/461
Sector
PN Mixed Investment 20%-60% Shares
Yield
-
Fund size
£2m (£2m 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.
34
Bid price
119.4
Offer price
125.7
Top in this sector
Fund name1 Year
OMW IPL F&C UKEq LnkInflPn31.9%
AXA Wealth TEAMS cl Gvn ptfl VPn22%
AXA Wealth TEAMS cl Gvn ptfl IVPn20.9%
FL Investec Cautious Mgd AP19.2%
Zurich Investec Caut Mgd Pn18.5%
...more in PN Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • Not Specified30.1%
    UK27.7%
    Money Market19.3%
    International17.6%
    Europe ex UK3.1%
  • No data available.
  • UK Equities27.7%
    Money Market19.3%
    International Equities17.6%
    Global Fixed Interest12.7%
    Hedge12.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.2%-0.7%3.9%7.3%10.9%-
Sector-0.2%-1.2%6.5%9.5%18.9%39.5%
Rank within sector445 / 528225 / 528414 / 517298 / 461348 / 398-
Quartile4th2nd4th3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund6.9%-0.1%2.8%12.3%-
Sector9.6%1.3%6%8.3%9.4%
Rank within sector309 / 462324 / 424334 / 39885 / 380-
Quartile3rd4th4th1st
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.
-0.25
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.
0.65
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
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%.
4.05
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.
2.87
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.
-0.74
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.
0.7
Price movement
52 week high122.9
52 week low109.9
Current bid price119.4
Current offer price125.7
Current mid price-
Region
1Not Specified30.13%
2UK27.73%
3Money Market19.32%
4International17.62%
5Europe ex UK3.1%
6Japan2.1%
Industry sector
No data available.
Asset type
1UK Equities27.74%
2Money Market19.32%
3International Equities17.62%
4Global Fixed Interest12.71%
5Hedge12.71%
6Commodity & Energy4.7%
7Europe ex UK Equities3.1%
8Japanese Equities2.1%
Individual holdings
1RWC ENHANCED INCOME B DIS GBP20.3%
2RWC GLOBAL ENHANCED DIVIDEND B DIST GBP17.55%
3SCHRODER STERLING LIQUIDITY PLUS I DIS16.98%
4MAJEDIE TORTOISE G GBP7.19%
5SCHRODER STRATEGIC CREDIT L INC5.02%
6MAJEDIE UK INCOME X INC3.63%
7MORG STNLY DIVERSIFIED ALPHA PLUS ZH GBP3.53%
8BLACKROCK GOLD & GENERAL A ACC3.13%
9SCHRODER EUROPEAN ALPHA INCOME Z INC3.08%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide a total return in excess of inflation, as measured by the UK Consumer Prices Index, over a market cycle, whilst also making an average 4% annual income payment over a 5 year rolling period. The fund invests in a diversified multi-asset portfolio of funds that invest in shares and bonds of companies worldwide, government bonds and other fixed income securities. The fund may also invest directly in shares, bonds and money market instruments and hold cash and foreign currency on deposit. The fund may gain exposure to alternative asset classes including real estate, commodities, hedge funds, structured products and private equity. Investments are selected after rigorous assessment of each underlying fund's portfolio, its fund manager's style and how investments are made over the economic cycle. The fund may invest in any economic sector. Derivatives may be used to reduce risk or manage the fund more efficiently.
Benchmark
  • Consumer Price Index (CPI)
Investment style
Balanced
Investment method
Equity, Fixed Interest
Fund managers
NameSinceBiography
Marcus Brookes15/12/2010Marcus Brookes, Head of Multi-Manager, joined Schroders in July 2013 following the acquisition of Cazenove Capital. Previous to the acquisition he was the Head of Multi Manager at Cazenove Capital, which he joined in January 2008. Prior to this Marcus was the Deputy Head of Multi Manager at Gartmore, a position he held from November 2004. Up to this time he spent 3.5 years from May 2001 as the Co-Manager of Multi Manager, at Rothschild Asset Management. Marcus began his career on 28 September 1994 when he joined Friends, Ivory and Sime, where he became the Multi Manager Fund Manager. Marcus qualified from University of Stirling with MSc. Investment Analysis.
Robin McDonald15/12/2010Robin McDonald joined Cazenove in October 2007. He is Co-Manager of Cazenove's Multi-Manager range of funds. Prior to joining Cazenove, Robin worked as an Analyst at Gartmore Investment Management, where his responsibilities included asset allocation, fund selection and portfolio construction. Prior to joining Gartmore, Robin held a similar position at Insight Investment, following its acquisition of Rothschild Asset Management in 2003. Robin is a Director of Cazenove Capital and has 13 years investment experience and is a CFA charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Schroder MM Diversity Income Pn S2
Initial charge-
Annual charge0.4%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.3%
Bid price119.4
Offer price125.7
Mid price-
CurrencyGBX
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGVUQ
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