Fact sheet: SW Fed Opn Wrld Pn

Fund information
Fund name
SW Fidelity Open World Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Ayesha Akbarsince 11/01/2017
  • Bill McQuakersince 11/01/2017
Underlying fund
Fidelity Open World
Fund objective
The fund aims for long-term growth from a diversified portfolio consisting mainly of shares issued by companies around the globe. At least half of the fund will be invested in the EU and the balance in the world’s other major equity markets, broadly depending on their size and relative attractiveness. There is likely to be a bias towards larger companies. Investment is solely through the Fidelity International OEIC fund.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
31.3%
1 Year rank in sector
354/984
Sector
PN Global Equities
Yield
-
Fund size
£4m (£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.
93
Bid price
273.4
Offer price
273.4
Top in this sector
Fund name1 Year
Aegon Hend GlblTecPn53%
Baillie Gifford Lng Tm Gbl Gth Pn52.1%
Zurich BailGfrd LgTrmGblGth51.7%
Stan Life BGiff LgTmGlGtOEICPn50.6%
FL Baillie Giff LT Gbl Gth Pn47.5%
...more in PN Global Equities

Performance snapshot

Holdings snapshot

  • North America52%
    Europe ex UK17.8%
    Global Emerging Markets10.2%
    Japan8%
    Pacific ex-Japan6.7%
  • Equities100%
  • North American Equities52%
    Europe ex UK Equities17.8%
    Global Emerging Market Equities10.2%
    Japanese Equities8%
    Asia Pacific ex Japan Equities6.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-1%7%31.3%41.5%94%
Sector1.9%1.3%8.7%28.8%43.1%93%
Rank within sector792 / 1035895 / 1031756 / 1014354 / 984491 / 850434 / 768
Quartile4th4th3rd2nd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund3.2%25.9%1%5.8%26.2%
Sector4.7%22.4%3.7%7.8%21.4%
Rank within sector744 / 1016331 / 938774 / 896525 / 827136 / 799
Quartile3rd2nd4th3rd1st
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.
-1.68
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.
1.11
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.
0.77
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%.
11.17
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.
2.24
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.
-0.22
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.
0.97
Price movement
52 week high284.2
52 week low207.4
Current bid price273.4
Current offer price273.4
Current mid price-
Region
1North America52%
2Europe ex UK17.8%
3Global Emerging Markets10.2%
4Japan8%
5Pacific ex-Japan6.7%
6UK4.9%
7Money Market0.4%
Industry sector
1Equities100%
Asset type
1North American Equities52%
2Europe ex UK Equities17.8%
3Global Emerging Market Equities10.2%
4Japanese Equities8%
5Asia Pacific ex Japan Equities6.7%
6UK Equities4.9%
7Money Market0.4%
Individual holdings
1OLD MUTUAL NORTH AMERICAN EQUITY A ACC GBP10.3%
2FIDELITY INDEX US FUND P INCOME SHARES9.7%
3FIDELITY AMERICAN SPECIAL SITUATIONS ACC9.3%
4ALMA CAPITAL INVESTMENT FUNDS - ALMA HOTCHKINS & WILEY US LARGE CAP VALUE EQUITY I USD8.6%
5Independent Franchise Partners US Equity7.2%
6BLACKROCK CONTINENTAL EUROPEAN A ACC6.4%
7INVESCO CONTINENTAL EUROPEAN EQUITY FUND5.3%
8ACADIAN EMERGING MARKETS EQUITY UCITS II - CUSDIA5%
9SPDR S&P US DIVIDEND ARISTOCRATS ETF3.9%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The fund aims for long-term growth from a diversified portfolio consisting mainly of shares issued by companies around the globe. At least half of the fund will be invested in the EU and the balance in the world’s other major equity markets, broadly depending on their size and relative attractiveness. There is likely to be a bias towards larger companies. Investment is solely through the Fidelity International OEIC fund.
Benchmark
  • No Specified Index
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Ayesha Akbar11/01/2017Ayesha Akbar joined Fidelity's MultiManager Business in June 2008 as Portfolio Manager covering Asia Pacific ex-Japan and Global Emerging Market equities. She also brings a wealth of experience in other asset classes as a member of a broad asset team with previous employers. Prior to joining Fidelity Ayesha worked at Barclays Wealth for six years. She spent the first five years helping to establish the £10bn+ multi-manager business with the Private Clients division, working on global and regional fixed income and Asia/Emerging equities. For the last 12 months she has been an Associate Director of the newly formed Wealth division, focusing on manager research and portfolio management for Asian and Emerging equities. Prior to joining Barclays, Ayesha worked for two years as an investment analyst for Abu Dhabi Investment Authority, researching and managing portfolios of external funds focused on UK and European equities. Ayesha Akbar is a CFA Charterholder. She has a BSc (Hons) Economics degree and an MSc (Accounting and Finance) degree both gained from the London School of Economics and Political Science.
Bill McQuaker11/01/2017Bill joined Fidelity Multi Asset in October 2016. He has three decades of investment experience, joining Fidelity from Henderson Global Investors, where he was Head of Multi Asset. Before this, Bill worked at Credit Suisse, where he held roles in European equity strategy and quantitative research. Over his extensive career, Bill has developed a rigorous and disciplined investment approach. He has a deep understanding of asset class behaviour, and substantial experience in managing multi asset investment strategies to deliver specific outcomes for clients.Bill graduated from Edinburgh University in 1985, with a BComm degree in Business.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SW Fidelity Open World Pension Series 1
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.88%
Total expense ratio (TER)2.32%
Bid price264.9
Offer price278.9
Mid price-
CurrencyGBX
Price updated19/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeSJ11
SW Fidelity Open World Pension Series 2
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2%
Total expense ratio (TER)2.45%
Bid price273.4
Offer price273.4
Mid price-
CurrencyGBX
Price updated19/05/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeSJ08
SW Fidelity Open World Pension Series 4
Initial charge-
Annual charge0.82%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.65%
Bid price220.4
Offer price220.4
Mid price-
CurrencyGBX
Price updated19/05/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE520
Data provided by

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