Fact sheet: SW Close Gov Pfl III Pn

Fund information
Fund name
SW Close Governed Portfolio III 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 moderate 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 80% of the portfolio in SSgA equity index funds and a minimum of 20% 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
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
16.2%
1 Year rank in sector
105/514
Sector
PN Specialist
Yield
-
Fund size
£7m (£6m 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.
64
Bid price
131.6
Offer price
131.6
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus43.4%
ReAssure AL NptRu&GtrRus Pn42.9%
L&G Nep Russia&Gtr Russia Pn42.6%
Scot Eq JPM Emg Eur Eq Pn40.7%
OMW InvescoPerpetualEmgEurpn38.9%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK53.3%
    North America25.1%
    Europe10.5%
    Japan4.6%
    Global Emerging Markets3.4%
  • No data available.
  • North American Equities25.1%
    UK Equities18.3%
    Global Corporate Fixed Interest18%
    Europe ex UK Equities10.5%
    Global Index Linked7.9%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%-0.6%11.1%16.2%29.8%-
Sector-0.2%-0.6%6.2%8.8%20.9%41.2%
Rank within sector198 / 546288 / 545110 / 531105 / 51490 / 386-
Quartile2nd3rd1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund16%1.1%9%--
Sector8.7%2%7.2%11%7.7%
Rank within sector101 / 514236 / 450104 / 388--
Quartile1st3rd2nd
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.
0.17
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.
1.36
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.
0.63
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%.
8.32
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.
2.83
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.
0.8
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.
0.95
Price movement
52 week high136.7
52 week low107.5
Current bid price131.6
Current offer price131.6
Current mid price-
Region
1UK53.29%
2North America25.11%
3Europe10.5%
4Japan4.59%
5Global Emerging Markets3.36%
6Asia3.15%
Industry sector
No data available.
Asset type
1North American Equities25.11%
2UK Equities18.32%
3Global Corporate Fixed Interest17.96%
4Europe ex UK Equities10.5%
5Global Index Linked7.89%
6UK Gilts6.72%
7Japanese Equities4.59%
8Global Emerging Market Equities3.36%
9Asia Pacific Equities3.15%
Individual holdings
1SSGA NORTH AMERICA EQUITY INDEX FUND ACC25.11%
2MPF UK EQUITY INDEX FD18.32%
3SSGA STERLING CORP BNDS ALL STKS INDEX FD17.96%
4SSGA EUROPE EX UK EQUITY INDEX FUND ACC10.5%
5SSGA INDEX LINKED GILTS OVER 5 YEARS INDEX FD7.89%
6SSGA MPF UK OVR 15Y CNVL GLTS6.72%
7SSGA JAPAN EQUITY INDEX FUND ACCUMULATION4.59%
8SSGA EMERGING MARKETS EQUITY I MUTUAL FUND3.36%
9SSGA ASIA PACIFIC EX JAPAN EQUITY INDEX FUND3.15%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The Fund aims for moderate 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 80% of the portfolio in SSgA equity index funds and a minimum of 20% 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
No data available.
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 III 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 price125.6
Offer price132.2
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeGXSO
SW Close Governed Portfolio III 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 price131.6
Offer price131.6
Mid price-
CurrencyGBX
Price updated07/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeGXSP
Data provided by

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