Fact sheet: LV= Schroder Income Maximiser Pn

Fund information
Fund name
LV= Schroder Income Maximiser Pn S2
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund managers
  • Mike Hodgsonsince 26/07/2016
  • Kevin Murphysince 26/07/2016
  • Nick Kirragesince 26/07/2016
Underlying fund
Schroder Income Maximiser
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of UK companies. The fund has no bias to any particular industry or size of company. The fund invests in 'value' stocks – those whose share prices appear low relative to their long-term profit potential, and which are typically paying an attractive and growing dividend. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
21.8%
1 Year rank in sector
87/221
Sector
PN UK Equity Income
Yield
-
Fund size
£3m (£3m 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.
94
Bid price
221.8
Offer price
233.6
Top in this sector
Fund name1 Year
OMW UBS UK Equity Income38.7%
OMW IPLM&GGlLePn32.7%
BlackRock DC UK Eq Opt Pn27.9%
L&G Aberdeen UK EqPn27.8%
OMW IPLMaUkEqPn27.6%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK83%
    USA13.1%
    Australia2.7%
    Money Market1.7%
    Not Specified-0.5%
  • Financials31.7%
    Consumer Services20.7%
    Health Care11.4%
    Oil & Gas9.2%
    Technology8.5%
  • UK Equities83%
    US Equities13.1%
    Australian Equities2.7%
    Money Market1.7%
    Alternative Investment Strategies-0.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.2%0.4%7.9%21.8%20.3%86%
Sector3.3%4.3%11.2%21.2%25.4%77.9%
Rank within sector123 / 223215 / 223210 / 22387 / 221173 / 19762 / 186
Quartile3rd4th4th2nd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund2.9%20.6%-6.5%3.1%25.1%
Sector6.7%11.5%3.9%3.7%23.2%
Rank within sector209 / 22320 / 217198 / 212120 / 19774 / 189
Quartile4th1st4th3rd2nd
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.
-0.74
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.
0.92
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.
0.25
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%.
9.1
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.
4.36
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.
-0.32
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.
0.77
Price movement
52 week high223.1
52 week low176.2
Current bid price221.8
Current offer price233.6
Current mid price-
Region
1UK82.97%
2USA13.08%
3Australia2.73%
4Money Market1.71%
5Not Specified-0.49%
Industry sector
1Financials31.66%
2Consumer Services20.73%
3Health Care11.35%
4Oil & Gas9.24%
5Technology8.54%
6Basic Materials6.94%
7Utilities6.03%
8Telecommunications2.73%
9Money Market1.71%
Asset type
1UK Equities82.97%
2US Equities13.08%
3Australian Equities2.73%
4Money Market1.71%
5Alternative Investment Strategies-0.49%
Individual holdings
1HSBC HLDGS5.62%
2ROYAL BANK OF SCOTLAND GROUP PLC5.37%
3AVIVA5.34%
4GLAXOSMITHKLINE5.19%
5BP5.17%
6PEARSON5.06%
7BARCLAYS PLC4.1%
8ROYAL DUTCH SHELL4.06%
9CENTRICA PLC3.73%
Management
Fund manager group
LVFS
Fund manager company
LVFS Ltd
Fund type
Pension Fund
Fund objective
The fund aims to provide income and capital growth. The fund aims to deliver a target income of 7% per year but this is not guaranteed and could change depending on market conditions. At least 80% of the fund will be invested in shares of UK companies. The fund has no bias to any particular industry or size of company. The fund invests in 'value' stocks – those whose share prices appear low relative to their long-term profit potential, and which are typically paying an attractive and growing dividend. The fund generates its income from two sources; dividends received from shares in companies; and cash received from selling some potential future growth of the fund's holdings using derivatives. The fund may also invest in other financial instruments and hold cash on deposit. Derivatives will be used to achieve the investment objective and to reduce risk or manage the fund more efficiently. The strategy will typically underperform a similar portfolio without derivatives in periods when the underlying stock prices are rising, and outperform when the underlying stock prices are falling.
Benchmark
  • No Specified Index
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Mike Hodgson26/07/2016Mike 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.
Kevin Murphy26/07/2016Kevin Murphy, CFA is a Specialist Value UK Equity Fund Manager with 13 years investment experience. Previously he was a sector analyst for Pan European Construction and Building Materials. His Investment career commenced in 2000 at Schroders. He is a Chartered Financial Analyst and he holds a Degree in Economics from Manchester University.
Nick Kirrage26/07/2016Nick Kirrage, CFA is a Specialist Value UK Equity Fund Manager with 12 years investment experience. Previously a sector analyst responsible for a number of UK sectors including Transport and Metals & Mining. His investment career commenced in 2001 at Schroders. He is a Chartered Financial Analyst and holds a Degree in Aeronautical Engineering, Bristol University.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
LV= Schroder Income Maximiser Pn
Initial charge-
Annual charge1.35%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.51%
Bid price188.5
Offer price198.4
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBNE0
LV= Schroder 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)0.91%
Bid price221.8
Offer price233.6
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF2R9
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