Fact sheet: SW Schr Inc Maximiser Pn

Fund information
Fund name
SW Schroder Income Maximiser Pension Series 2
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund managers
  • Kevin Murphysince 26/07/2016
  • Nick Kirragesince 26/07/2016
  • Mike Hodgsonsince 26/07/2016
Underlying fund
Schroder Income Maximiser
Fund objective
The fund aims to receive a high level of income with the potential for capital growth by investing mainly in a select portfolio of shares of attractively priced companies that pay high, sustainable dividends. These are likely to be mature, well-established organisations. It uses ‘options’ to exchange part of the potential capital growth to enhance the income received by the fund. Please note: The Scottish Widows unit-linked funds aim to provide long term growth in the price of units. Any income generated will not be distributed, but added to the fund value.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
14.2%
1 Year rank in sector
170/227
Sector
PN UK Equity Income
Yield
-
Fund size
£19m (£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.
93
Bid price
186.2
Offer price
186.2
Top in this sector
Fund name1 Year
OMW IPLM&GGlLePn32%
OMW UBS UK Equity Income31%
OMW IPLBaGiUkEqFoPn24.8%
OMW IPLBaGiUkEqCoPn23.3%
OMW IPLRWCUkFoPn23%
...more in PN UK Equity Income

Performance snapshot

Holdings snapshot

  • UK84.7%
    USA13.2%
    Australia2.9%
    Money Market0.1%
    Not Specified-0.8%
  • Financials31.9%
    Consumer Services20.1%
    Health Care12.2%
    Oil & Gas9.8%
    Technology8.6%
  • UK Equities81.5%
    US Equities13.4%
    Money Market3.6%
    Australian Equities2.5%
    Alternative Investment Strategies-1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.3%0.4%6.2%14.2%18.4%70.4%
Sector0.9%4.7%6.7%16.6%24.4%66.3%
Rank within sector195 / 229206 / 229149 / 227170 / 227182 / 20379 / 192
Quartile4th4th3rd3rd4th2nd
Calendar performance
 YTD - 20172016201520142013
Fund1.4%20.2%-6.5%2.3%25.7%
Sector4.7%11.5%3.9%3.7%23.2%
Rank within sector206 / 22922 / 223205 / 218153 / 20360 / 195
Quartile4th1st4th4th2nd
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.
-0.28
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.
0.89
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.
0.33
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%.
8.92
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.
4.35
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.
-0.25
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.
0.77
Price movement
52 week high189.4
52 week low152.3
Current bid price186.2
Current offer price186.2
Current mid price-
Region
1UK84.7%
2USA13.21%
3Australia2.87%
4Money Market0.05%
5Not Specified-0.82%
Industry sector
1Financials31.88%
2Consumer Services20.06%
3Health Care12.22%
4Oil & Gas9.75%
5Technology8.63%
6Basic Materials7.42%
7Utilities6.39%
8Telecommunications2.85%
9Industrials1.57%
Asset type
1UK Equities81.48%
2US Equities13.42%
3Money Market3.58%
4Australian Equities2.55%
5Alternative Investment Strategies-1.03%
Individual holdings
1HSBC HLDGS5.93%
2GLAXOSMITHKLINE5.69%
3BP5.38%
4AVIVA5.27%
5ROYAL BANK OF SCOTLAND GROUP PLC5.05%
6PEARSON4.92%
7BARCLAYS PLC4.4%
8ROYAL DUTCH SHELL4.37%
9CENTRICA PLC4.09%
Management
Fund manager group
Scottish Widows
Fund manager company
Scottish Widows Limited
Fund type
Pension Fund
Fund objective
The fund aims to receive a high level of income with the potential for capital growth by investing mainly in a select portfolio of shares of attractively priced companies that pay high, sustainable dividends. These are likely to be mature, well-established organisations. It uses ‘options’ to exchange part of the potential capital growth to enhance the income received by the fund. Please note: The Scottish Widows unit-linked funds aim to provide long term growth in the price of units. Any income generated will not be distributed, but added to the fund value.
Benchmark
  • FTSE All Share TR
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Kevin Murphy26/07/2016Kevin Murphy, CFA is a Specialist Value UK Equity Fund Manager with 13 years investment experience. Previously he was a sector analyst for Pan European Construction and Building Materials. His Investment career commenced in 2000 at Schroders. He is a Chartered Financial Analyst and he holds a Degree in Economics from Manchester University.
Nick Kirrage26/07/2016Nick Kirrage, CFA is a Specialist Value UK Equity Fund Manager with 12 years investment experience. Previously a sector analyst responsible for a number of UK sectors including Transport and Metals & Mining. His investment career commenced in 2001 at Schroders. He is a Chartered Financial Analyst and holds a Degree in Aeronautical Engineering, Bristol University.
Mike Hodgson26/07/2016Mike Hodgson is Head of Risk Managed Investments & Structuring at Schroders and has over 25 years of experience in financial markets. At Royal Bank of Scotland (formerly of ABN AMRO) he was Global Head of Equity Derivatives Structuring and Head of Fund Derivatives Trading and Structuring.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
SW Schroder Income Maximiser Pension Series 1
Initial charge-
Annual charge0.88%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.79%
Total expense ratio (TER)1.79%
Bid price179
Offer price188.4
Mid price-
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAOD5
SW Schroder Income Maximiser Pension Series 2
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.91%
Total expense ratio (TER)1.91%
Bid price186.2
Offer price186.2
Mid price-
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAOD6
SW Schroder Income Maximiser Pension Series 4
Initial charge-
Annual charge0.95%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)1.11%
Bid price211
Offer price211
Mid price-
CurrencyGBX
Price updated26/04/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeBOZ5
Data provided by

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