Fact sheet: LV= Schdr Asian Inc Maximiser Pn

Fund information
Fund name
LV= Schroder Asian Income Maximiser Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Mike Hodgsonsince 25/07/2016
  • Richard Sennittsince 31/05/2010
Underlying fund
Schroder Asian Income Maxim
Fund objective
The fund's investment objective is to provide income with potential for capital growth primarily through investment in equity and equity related securities of Asian (ex Japan) companies. In order to generate additional income, the Manager may selectively sell short dated call options over securities or portfolios of securities held by the fund, or indices, by setting individual target 'strike' prices at which those securities may be sold in the future. The Manager is also permitted to sell put options on securities or portfolios of securities which are not held by the fund, or indices, at target prices that are pre-set below the current market level. The Manager may also, for the purpose of efficient management, use derivative instruments which replicate the performance of a basket of short dated call options or a combination of equity securities and short dated call options. Investment will primarily be in directly held transferable securities. The fund may also invest in collective investment schemes, cash, deposits, warrants, money market instruments and derivatives. In particular, the fund may buy or sell over the counter and exchange traded derivatives, and enter into total returns swaps. The fund will use derivative instruments for investment purposes as well as for efficient portfolio management.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
42%
1 Year rank in sector
153/222
Sector
PN Asia Pacific Excluding Japan
Yield
-
Fund size
£1m (£1m 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.
95
Bid price
148.2
Offer price
156
Top in this sector
Fund name1 Year
FL Invesco Perpetual Asian AP59.5%
FL Invesco Perp Asian Pn58.7%
Aviva Invesco Perpetual Asian Pn57.5%
LV= Invesco Perp Asian Pn57.2%
RLP AsPacCre+(InvescoPerpAsian)Pn56.8%
...more in PN Asia Pacific Excluding Japan

Performance snapshot

Holdings snapshot

  • Hong Kong23.6%
    Australia19.1%
    Taiwan17%
    Singapore12.2%
    China10%
  • Information Technology19.4%
    Financials17%
    Telecommunications Utilities14.5%
    Real Estate13.1%
    Materials11.5%
  • Hong Kong Equities23.6%
    Australian Equities19.1%
    Taiwanese Equities17%
    Singapore Equities12.2%
    Chinese Equities10%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.5%2.3%13.7%42%44.9%-
Sector6.2%1%13.1%43.6%41.1%57.8%
Rank within sector92 / 22878 / 227119 / 224153 / 22272 / 209-
Quartile2nd2nd3rd3rd2nd
Calendar performance
 YTD - 20172016201520142013
Fund5.5%28.1%-2.4%9.6%-1.4%
Sector5.5%27%-3.6%8.3%0.7%
Rank within sector141 / 224105 / 22271 / 22073 / 209152 / 206
Quartile3rd2nd2nd2nd3rd
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.
2.96
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.
0.79
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.
0.64
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%.
11.71
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.
4.08
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.
0.27
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.
0.94
Price movement
52 week high147.6
52 week low102.7
Current bid price148.2
Current offer price156
Current mid price-
Region
1Hong Kong23.63%
2Australia19.14%
3Taiwan17.04%
4Singapore12.23%
5China10%
6Korea7.87%
7Thailand4.75%
8UK2.47%
9New Zealand1.69%
Industry sector
1Information Technology19.43%
2Financials17.02%
3Telecommunications Utilities14.49%
4Real Estate13.06%
5Materials11.51%
6Consumer Discretionary11.19%
7Industrials7.42%
8Energy3.76%
9Consumer Staples1.32%
Asset type
1Hong Kong Equities23.63%
2Australian Equities19.14%
3Taiwanese Equities17.04%
4Singapore Equities12.23%
5Chinese Equities10%
6South Korean Equities7.87%
7Thai Equities4.75%
8UK Equities2.47%
9New Zealand Equities1.69%
Individual holdings
1TAIWAN SEMICONDUCTOR MANUFACTURING5.66%
2HSBC HLDGS3.48%
3BOC HONG KONG(HLDGS)2.97%
4SAMSUNG ELECTRONICS CO2.91%
5CHINA PETROLEUM & CHEMICAL CORP2.82%
6CHINA MOBILE LTD2.6%
7HON HAI PRECISION INDUSTRY2.59%
8HKT TRUST AND HKT LTD SHARE STAPLED UNIT2.49%
9BHP BILLITON PLC2.41%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The fund's investment objective is to provide income with potential for capital growth primarily through investment in equity and equity related securities of Asian (ex Japan) companies. In order to generate additional income, the Manager may selectively sell short dated call options over securities or portfolios of securities held by the fund, or indices, by setting individual target 'strike' prices at which those securities may be sold in the future. The Manager is also permitted to sell put options on securities or portfolios of securities which are not held by the fund, or indices, at target prices that are pre-set below the current market level. The Manager may also, for the purpose of efficient management, use derivative instruments which replicate the performance of a basket of short dated call options or a combination of equity securities and short dated call options. Investment will primarily be in directly held transferable securities. The fund may also invest in collective investment schemes, cash, deposits, warrants, money market instruments and derivatives. In particular, the fund may buy or sell over the counter and exchange traded derivatives, and enter into total returns swaps. The fund will use derivative instruments for investment purposes as well as for efficient portfolio management.
Benchmark
  • MSCI AC Pacific ex Japan
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Mike Hodgson25/07/2016Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.
Richard Sennitt31/05/2010Richard Sennitt joined Schroders in 1993, initially as an Analyst on the Japanese Desk, before moving onto the Pacific Basin team at the start of 1997. Since then he has had a broad exposure to the emerging and developed Pacific markets as a regional Fund Manager managing money for UK and North American clients.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Schroder Asian Income Maximiser Pn S2
Initial charge-
Annual charge0.75%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)0.96%
Bid price148.2
Offer price156
Mid price-
CurrencyGBX
Price updated13/01/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0N6Z
Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

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.