Fact sheet: SW Close Gov Pfl IV Pn

Fund information
Fund name
SW Close Governed Portfolio IV 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 capital growth over the long term. The Fund will be invested according to Close’s expectations of risk and return. The Fund will normally hold no less than 60% of the portfolio in SSgA equity index funds and a maximum 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
No data available.
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
17.4%
1 Year rank in sector
90/510
Sector
PN Specialist
Yield
-
Fund size
£22m (£16m 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.
78
Bid price
134.1
Offer price
134.1
Top in this sector
Fund name1 Year
OMW Neptune Rus + Grtr Rus38.7%
ReAssure AL NptRu&GtrRus Pn38.2%
L&G Nep Russia&Gtr Russia Pn38%
SIP Fidelity Gbl Technology Pn34.2%
OMW InvescoPerpetualEmgEurpn33.6%
...more in PN Specialist

Performance snapshot

Holdings snapshot

  • UK39.1%
    North America32%
    Europe14.2%
    Japan5.8%
    Global Emerging Markets4.6%
  • No data available.
  • North American Equities32%
    UK Equities24.6%
    Europe ex UK Equities14.2%
    Global Corporate Fixed Interest9.5%
    Japanese Equities5.8%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.9%1.7%15.1%17.4%29.4%-
Sector-1.8%-0.3%7.2%8.4%19.9%43%
Rank within sector346 / 54694 / 54483 / 53190 / 51086 / 386-
Quartile3rd1st1st1st1st
Calendar performance
 YTD - 20162015201420132012
Fund17.7%1.7%7.7%--
Sector8.9%2%7.2%11%7.7%
Rank within sector92 / 514186 / 450123 / 388--
Quartile1st2nd2nd
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.
-1.49
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.
1.64
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.
0.6
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%.
9.8
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.
4.21
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.
0.59
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.
0.96
Price movement
52 week high138.4
52 week low104.3
Current bid price134.1
Current offer price134.1
Current mid price-
Region
1UK39.1%
2North America32.03%
3Europe14.18%
4Japan5.83%
5Global Emerging Markets4.6%
6Asia4.26%
Industry sector
No data available.
Asset type
1North American Equities32.03%
2UK Equities24.56%
3Europe ex UK Equities14.18%
4Global Corporate Fixed Interest9.53%
5Japanese Equities5.83%
6Global Emerging Market Equities4.6%
7Asia Pacific Equities4.26%
8Global Index Linked3.35%
9Money Market1.66%
Individual holdings
1SSGA NORTH AMERICA EQUITY INDEX FUND ACC32.03%
2MPF UK EQUITY INDEX FD24.56%
3SSGA EUROPE EX UK EQUITY INDEX FUND ACC14.18%
4SSGA STERLING CORP BNDS ALL STKS INDEX FD9.53%
5SSGA JAPAN EQUITY INDEX FUND ACCUMULATION5.83%
6SSGA EMERGING MARKETS EQUITY I MUTUAL FUND4.6%
7SSGA ASIA PACIFIC EX JAPAN EQUITY INDEX FUND4.26%
8SSGA INDEX LINKED GILTS OVER 5 YEARS INDEX FD3.35%
9SSGA STERLING LIQUIDITY FUND ACC1.66%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The Fund aims for capital growth over the long term. The Fund will be invested according to Close’s expectations of risk and return. The Fund will normally hold no less than 60% of the portfolio in SSgA equity index funds and a maximum 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
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 IV 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 price128
Offer price134.7
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeGXSS
SW Close Governed Portfolio IV 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 price134.1
Offer price134.1
Mid price-
CurrencyGBX
Price updated01/12/2016
Type-
Institutional or retail classRetail
Domicile-
Citi codeGXST
Data provided by

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