Fact sheet: SW Schr Gilt & FxIn Pn

Fund information
Fund name
SW Schroder Gilt & Fixed Interest Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Thomas Sartainsince 28/01/2013
  • James Lindsay-Fynnsince 17/03/2016
  • Paul Graingersince 01/08/2016
Underlying fund
Schroder Gilt & Fixed Int
Fund objective
The fund aims for long-term growth which reflects the underlying gilt market. The majority of the portfolio is invested in gilts, although it also invests in sterling bonds issued by organisations with high credit ratings. Investment is solely through the Schroder Gilt & Fixed Interest Unit Trust.
Benchmark
  • FTSE All Stocks
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
4.9%
1 Year rank in sector
104/177
Sector
PN UK Gilts
Yield
-
Fund size
£17m (£18m 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.
49
Bid price
187.1
Offer price
187.1
Top in this sector
Fund name1 Year
SSgA MPF Idx Lk Gilts >5yrs Net Pn20.2%
AXA Wealth Teams Act UK Lg Glts Pn12.2%
Stan Life VanUK Long DurGtIdx Pn12.1%
FL TMLgGltTra EP11.7%
SSgA MPF UK Over 15 Conv Glt Idx Pn11.5%
...more in PN UK Gilts

Performance snapshot

Holdings snapshot

  • UK93.8%
    USA5.2%
    Sweden0.6%
    Money Market0.5%
    Not Specified-0.1%
  • Government Bonds97%
    Financials1.7%
    Industrials0.5%
    Money Market0.5%
    Utilities0.4%
  • UK Gilts97%
    UK Fixed Interest2.6%
    Money Market0.5%
    Alternative Investment Strategies-0.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.2%1.6%-4.2%4.9%19.9%20.4%
Sector0.4%1.9%-3.8%5.5%22.1%24.9%
Rank within sector93 / 181118 / 180136 / 178104 / 17796 / 17297 / 160
Quartile3rd3rd4th3rd3rd3rd
Calendar performance
 YTD - 20172016201520142013
Fund0.4%8.9%-0.4%12.3%-5.3%
Sector0.5%9.9%-0.3%13.3%-4.8%
Rank within sector99 / 180105 / 177110 / 17561 / 17093 / 166
Quartile3rd3rd3rd2nd3rd
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.
-0.31
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.
0.97
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.
0.39
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%.
7.32
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.
0.81
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.
-0.63
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.
0.99
Price movement
52 week high197.8
52 week low175.4
Current bid price187.1
Current offer price187.1
Current mid price-
Region
1UK93.78%
2USA5.23%
3Sweden0.58%
4Money Market0.46%
5Not Specified-0.06%
Industry sector
1Government Bonds96.99%
2Financials1.71%
3Industrials0.53%
4Money Market0.46%
5Utilities0.36%
6Derivatives-0.06%
Asset type
1UK Gilts96.99%
2UK Fixed Interest2.61%
3Money Market0.46%
4Alternative Investment Strategies-0.06%
Individual holdings
1TREASURY 3.75% GILT 07/09/19 GBP0.018.5%
2TREASURY 4.25% GILT 7/12/20276.8%
3TREASURY 1.5% GILT 22/01/2021 GBP0.016.74%
4TREASURY 5% GILT 07/03/18 GBP6.67%
5TREASURY 3.75% GILT 07/09/21 GBP5.32%
6TREASURY 4% GILT 22/01/60 GBP0.014.79%
7UNITED STATES OF AMER TREAS BILLS 0.125% BDS 15/07/26 USD1004.1%
8TREASURY 4.25% GILT 07/06/2032 GBP0.014.09%
9TREASURY 4% GILT 07/03/22 GBP0.013.64%
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 which reflects the underlying gilt market. The majority of the portfolio is invested in gilts, although it also invests in sterling bonds issued by organisations with high credit ratings. Investment is solely through the Schroder Gilt & Fixed Interest Unit Trust.
Benchmark
  • FTSE All Stocks
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Thomas Sartain28/01/2013Thomas Sartain is UK & European Money Market & Government Bond Fund Manager, based in London.He Joined Schroders in 2005 as fund manager’s assistant on the global fixed income desk. His Financial Markets career commenced in 2003 upon joining Royal Bank of Scotland. He has BA (Hons) degree in Management and Business Administration, University of Reading.
James Lindsay-Fynn17/03/2016
Paul Grainger01/08/2016Paul Grainger joined Schroders in 2015 as a Senior Portfolio Manager in the Fixed Income team, based in London. His earlier career began in 1995 within the BZW Securities graduate training programme where he rotated through Fixed Income sales and trading and into asset management at Barclays Global Investors. In 1999 he moved to Gartmore as a Senior Portfolio Manager and then moved to F&C Asset Management in 2003. In 2006 he moved to Wellington Management as a Portfolio Manager and latterly in 2014, co-founded a financial technology firm named yoyoDATA before moving to Schroders in 2015. Paul graduated from Exeter University in 1995 with a B.A. in Economics and European Studies and he is a Member of the United Kingdom Society of investment professionals and a CFA Charterholder.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SW Schroder Gilt & Fixed Interest Pension Series 1
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.19%
Bid price181.3
Offer price190.8
Mid price-
CurrencyGBX
Price updated24/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeSG49
SW Schroder Gilt & Fixed Interest Pension Series 2
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.32%
Total expense ratio (TER)1.32%
Bid price187.1
Offer price187.1
Mid price-
CurrencyGBX
Price updated24/03/2017
Type-
Institutional or retail classRetail
Domicile-
Citi codeSG47
SW Schroder Gilt & Fixed Interest Pension Series 3
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price156.9
Offer price156.9
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBGB8
SW Schroder Gilt & Fixed Interest Pension Series 4
Initial charge-
Annual charge0.45%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.52%
Total expense ratio (TER)0.52%
Bid price172
Offer price172
Mid price-
CurrencyGBX
Price updated24/03/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeE482
Data provided by

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