Fact sheet: SW Close Gov Pfl II Pn

Fund information
Fund name
SW Close Governed Portfolio II Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Paul Chapplesince 18/03/2013
No data available.
Fund objective
The Fund aims for some growth through a combination of capital returns and the accumulation of income over the medium to long term. The Fund will be invested according to Close’s expectations of risk and return. The Fund will normally hold no more than 60% of the portfolio in SSgA equity index funds and a minimum of 40% in SSgA bond index funds, which includes government and corporate bonds (which may include emerging market debt) and Money Market funds. Investment in the funds (excluding Money Market funds) will be on an index-tracking basis.
Benchmark
  • FTSE AW Emerging TR GBP
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
15.2%
1 Year rank in sector
137/514
Sector
PN Specialist
Yield
-
Fund size
£6m (£5m 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.
56
Bid price
131.3
Offer price
131.3
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus48.9%
ReAssure AL NptRu&GtrRus Pn48.8%
L&G Nep Russia&Gtr Russia Pn48.2%
OMW InvescoPerpetualEmgEurpn44.4%
Scot Eq JPM Emg Eur Eq Pn43.8%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK68.8%
    North America16.5%
    Europe7.2%
    Japan3.1%
    Global Emerging Markets2.3%
  • No data available.
  • Global Corporate Fixed Interest23.6%
    North American Equities16.5%
    UK Gilts14.4%
    Global Index Linked14.2%
    UK Equities12.5%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.6%-2.2%10.2%15.2%30.8%-
Sector-0%-0.1%6.8%9.4%21.6%42.3%
Rank within sector367 / 546432 / 545161 / 531137 / 51499 / 386-
Quartile3rd4th2nd2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund16.3%0.4%11.1%--
Sector9.3%2%7.2%11%7.7%
Rank within sector110 / 514298 / 45068 / 388--
Quartile1st3rd1st
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.
1.76
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.
1.08
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.
0.68
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%.
7.46
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.
3.77
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.
0.57
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.
0.74
Price movement
52 week high135.4
52 week low110.7
Current bid price131.3
Current offer price131.3
Current mid price-
Region
1UK68.79%
2North America16.49%
3Europe7.22%
4Japan3.06%
5Global Emerging Markets2.27%
6Asia2.17%
Industry sector
No data available.
Asset type
1Global Corporate Fixed Interest23.61%
2North American Equities16.49%
3UK Gilts14.38%
4Global Index Linked14.2%
5UK Equities12.51%
6Europe ex UK Equities7.22%
7Money Market4.09%
8Japanese Equities3.06%
9Global Emerging Market Equities2.27%
Individual holdings
1SSGA STERLING CORP BNDS ALL STKS INDEX FD23.61%
2SSGA NORTH AMERICA EQUITY INDEX FUND ACC16.49%
3SSGA MPF UK OVR 15Y CNVL GLTS14.38%
4SSGA INDEX LINKED GILTS OVER 5 YEARS INDEX FD14.2%
5MPF UK EQUITY INDEX FD12.51%
6SSGA EUROPE EX UK EQUITY INDEX FUND ACC7.22%
7SSGA STERLING LIQUIDITY FUND ACC4.09%
8SSGA JAPAN EQUITY INDEX FUND ACCUMULATION3.06%
9SSGA EMERGING MARKETS EQUITY I MUTUAL FUND2.27%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The Fund aims for some growth through a combination of capital returns and the accumulation of income over the medium to long term. The Fund will be invested according to Close’s expectations of risk and return. The Fund will normally hold no more than 60% of the portfolio in SSgA equity index funds and a minimum of 40% in SSgA bond index funds, which includes government and corporate bonds (which may include emerging market debt) and Money Market funds. Investment in the funds (excluding Money Market funds) will be on an index-tracking basis.
Benchmark
  • FTSE AW Emerging TR GBP
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Paul Chapple18/03/2013
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SW Close Governed Portfolio II Pension Series 1
Initial charge-
Annual charge1.08%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.08%
Total expense ratio (TER)1.08%
Bid price125.3
Offer price131.9
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeI0PB
SW Close Governed Portfolio II Pension Series 2
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)1.2%
Bid price131.3
Offer price131.3
Mid price-
CurrencyGBX
Price updated08/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeI0PC
Data provided by

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